Day: September 15, 2020

Swep.io Exchange Launches with Unique In-Demand Products

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Swep.io is a licensed platform for legal digital assets and crypto exchanges, which provides its users with secure and fast cryptocurrency swaps. With the continuous proliferation of cryptocurrency exchanges out there, Swep.io exchange is making its debut with unique and in-demand products and services. While it may not appears arduous to cite the disparities in the various exchanges, a glimpse into the product offerings as well as the motivating factor behind the project can go a long way to distinguish one exchange from the other. Herein lies the strength of…

Klarna Raises over $650 Million to Reach $10.6 Billion in Europe

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Klarna, the Swedish payment firm, has reportedly recorded a massive growth in the U.S. as the country continues to battle the emergence of the COVID-19. Klarna has become the biggest Fintech Unicorn in Europe after amassing over $650 million in an online equity funding round. This has taken the company’s valuation to $10.6 billion. The Swedish payment firm has reportedly recorded a massive growth in the U.S. as the country continues to battle the emergence of the COVID-19. The global pandemic has had a considerable effect on consumer preference and…

Crypto Exchange Accuses Binance of Facilitating $9M Money Laundering

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After hackers stole $9.4 million from Zaif in 2018, its new owner Fisco has now sued Binance for facilitating money laundering. Japanese cryptocurrency exchange Fisco has sued Binance for facilitating money laundering through the 2018 Zaif hack. At the time, the stolen Bitcoins were worth $9.4 million. Today, the Bitcoins are over $15 million.  On the 20th of September 2018, Zaif revealed that the company had lost almost 6.7 billion Japanese yen to hackers. At the time of the press release, Zaif said the hackers stole MONA, Bitcoin Cash, and BTC. Fisco…

Unikrn ICO faces further SEC action

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Unikrn, an initial coin offering, or ICO, from 2017, faces action from the U.S. Securities and Exchange Commision, or SEC.  The SEC has accused the startup of running its ICO without going through the proper legal channels, based on a Sept. 15 statement from the regulating body. The commission claims Unikrn offered an unregistered investment opportunity.  “Unikrn agreed to settle the charges by paying a $6.1 million penalty, substantially all of the company’s assets, to be distributed to investors through a Fair Fund,” the statement said.  Unikrn made headlines back in…

Mad Money’s Jim Cramer ‘Fixated’ on Buying Bitcoin, Fears Massive Inflation

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Jim Cramer, the Mad Money host and The Street co-founder, said he is “fixated” on needing to own bitcoin because he fears a “massive amount of inflation.” While he owns “so much gold,” he is adamant about leaving a bitcoin inheritance to his children. Jim Cramer to Regularly Buy Bitcoin Jim Cramer is the host of Mad Money on CNBC, a former hedge fund manager, and a co-founder of Thestreet.com, a financial news and literacy website. During a podcast interview with Morgan Creek Digital partner Anthony Pompliano (Pomp), published Monday,…

Polkadot indicator? Data shows Ethereum price follows it to the DOT

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Market capitalization and ‘flippenings’ happen to be important reflections of value for many crypto pundits and investors. Anyone who’s been in the game since 2017 will recall the heated discussions revolving around the Ether (ETH) to Bitcoin (BTC) flippening and the same commotion was caused by Bitcoin Cash (BCH) and EOS flipping top blockchains as they moved into the top-5. Now traders’ attention has shifted to Polkadot (DOT) as the network is currently ranked top-5 cryptocurrency by market capitalization and it seems that its ascension to the top came out…

Blockchain gaming project seeks to go mainstream with new Matic Network migration

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IGGalaxy is migrating away from Tron and onto the Matic Network. They hope that this move will allow their platform to go mainstream, while simultaneously avoiding what they referred to as “performance constraints of the Ethereum mainchain.” IGGalaxy’s incentive-based economy offers tokens to players in exchange for their participation in video games, video content, and eSports. Naeem Shabir, co-founder of IGGalaxy, explained that the move to Matic’s network will hopefully provide a more “seamless” user experience, and help the company to gain greater mainstream traction: “Leveraging Matic’s high throughput and…

Did Bitcoin Just Confirm It’s Largest Reversal Pattern In History?

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All eyes are on Bitcoin and more specifically if the cryptocurrency is able to hold above both the “meme” downtrend line and the critical level of $10,000. The asset thus far has held strong, confirming both former resistance levels as support. But at the same time, the leading cryptocurrency by market cap may have also confirmed the largest reversal pattern in its entire history. Has The Cryptocurrency Just Confirmed Its Largest Reversal Chart Pattern Ever? When Bitcoin slammed headfirst into $20,000 and immediately fell over $8,000 to $12,000 days later,…

YAM V3 Coming This Week, But DeFi Community Remains Wary

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Having failed spectacularly the first time around, controversial “experimental” DeFi project YAM is preparing to launch Version 3 on Friday, September 18. After a month of interim governance and auditing, YAM is set to relaunch on Friday, September 18. Please see here for full information: https://t.co/1Mra5biT59 You can view the audit here:https://t.co/VhITXIBIN3 — Yam Finance (@YamFinance) September 14, 2020 Those in the crypto community will be well aware of the disaster that was YAM Version 1. In short, it exploded onto the scene, peaking at a $650 million market cap.…

MIT scholar suggests ETC counters 51% attacks

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The recent 51% attacks on Ethereum Classic (ETC) have raised fresh questions about the security of proof-of-work blockchains. Not only has ETC been attacked three times within a month, but these assaults have been enabled with rented hashrate power. One of these attacks cost OKEx $5.6 million as it paid out its customers in full. The major cryptocurrency exchange then threatened to delist Ethereum Classic if it doesn’t improve its security soon.  Some questions being asked last week were: Is this problem unique to Ethereum Classic, or are all PoW…