Crypto Platform Celsius Network Reaches $4.25 Billion in Total Loans

Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with Cointelegraph. Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in July 2018 calculated at current Bitcoin (BTC) prices, a 93% increase from the $2.2 billion reported on Aug. 1, 2019. A fast-growing lending network The company also claims $450 million in customer deposits and collateral from loans under management, which represents a 50% increase from $300 million on Aug. 1…

Transcript from OneCoin Money Laundering Case Details $4 Billion Crypto Ponzi Scheme

Attorney Mark Scott was charged in August 2018 on the basis of laundering an amount of over $400 million in investors’ funds via a valueless cryptocurrency scam called OneCoin, and he’s currently standing trial. The transcript of the hearings held on September 13th last year was made public recently, a few months after the court hearings. The transcript of the proceedings provides an in-depth understanding of the global investigation behind the OneCoin crypto Ponzi scheme and its immense scope of fraud. US regulators were being represented at the hearings by…

New Blockchain Product for Loyalty to Accumulate USD 4.59 Billion

Leading merchants in many sectors are constantly introducing new loyalty programs for customers or enhancing current programs.  According to the new market research report “Loyalty Management Market by Type of Solution”, the global loyalty program market is expected to reach 4.59 billion USD by 2021. However, in the battle for customer retention, the secret to loyalty program success is still eluding most merchants. Leading market analysis report surprising statistics: 57% of loyalty program members do not know the balance of their reward accounts, 25% feel that earning rewards takes too…

Will Stellar’s 55 Billion XLM Burn Trigger a New Bull Cycle?

On Nov.4 Stellar Lumens announced the completion of a 50% token burn of their total supply. This led to the destruction of 55 billion (XLM) tokens and the Stellar Development Foundation explained that the token burn was designed to provoke efficiency within the Stellar ecosystem. Crypto market data daily view. Source: Coin360 The price of XLM surged 25% after the announcement this triggered the market to become bullish on the altcoin. Given that a growing number of altcoins are beginning to produce noticeable returns, an analysis of the technical aspects…

Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD

The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.  According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward.  Of the over 85 billion tokens that were earmarked for SDF operations, giveaway programs and partnership programs, the SDF burned over 55 billion.  At a current price of $0.085 per token, the…

Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement

In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken. Now the trial will start again and the Kleiman estate will depose Wright’s former chief financial officer, James Wilson on November 8. Also Read: Satoshi ‘Nakamolto’ Emerges With Great Hair and Questionable Claims Wright Breaks the Non-Binding Settlement as the Billion Dollar Bitcoin…

1.5 Billion XRP Moved to Bank Grade Vaults & Ripple Escrow Breakthrough?

Exciting times for XRP investors, we appear to be gearing up to a bull run to eclipse 2017, acceleration of the Ripple movement is gaining pace rapidly. A total of 1.5 billion XRP moved yesterday from private wallets on Bitstamp to bank-grade class 3 cold storage vaults protected by 100 million insurance. Millions of transactions are made each day using blockchain technology and this number is growing fast. Transactions are made directly between sender and receiver, at very low cost, anonymous and without oversight. At Whale Alert we track these…

Coinbase Generated Nearly $2 Billion in Transaction Fees Since 2012

At Vanity Fair’s New Establishment Summit, Coinbase CEO Brian Armstrong said that Coinbase has generated close to $2 billion in transaction fees since it launched in 2012. On Oct. 23, the co-founder and CEO of major United States cryptocurrency exchange and wallet provider Coinbase told Vanity Fair that technology has always been the focus of Coinbase, which, in part, is the reason why the company has remained profitable.  Coinbase has been profitable since 2017 and has generated close to $2 billion in transaction fees since the company launched back in…

Bitcoin Network Transfers $1 Billion ‘For Price of a Cup of Coffee’

The CEO of cryptocurrency exchange Bitstamp has highlighted Bitcoin’s (BTC) utility after funds worth almost $1 billion changed hands for less than $4 in fees. Bitcoin fees too small to comprehend As blockchain monitoring resource BitInfoCharts confirmed on Oct. 14, the transaction at wallet and storage provider Xapo involved a total of 112,027.29 BTC. Previously, Bitstamp had transferred around 107,800 BTC of its funds to Xapo, paying a fee of 0.0234 BTC — or 0.0000217%. The subsequent transaction, handled by Xapo itself, saw an even more microscopic amount paid to…

Binance SG Add’s XRP & 1.1 Billion Chinese Citizens Can Swap Yuan for Crypto

While Binance Singapore launched in April this year users were underwhelmed to find they could only purchase Bitcoin at fixed prices. Recently, however, it was announced they are launching the option to buy XRP with local Singapore dollars allowing access to the revolutionary digital asset. We just opened trading for XRP/SGD trading pair on Binance.Start depositing XRP in preparation for trading, we will open trading for XRP/SGD trading pair at 09/10/2019 14:30 Binance SG BINANCE SG – 6 million in Singapore can for the first time buy XRP with local…