Mt Gox Settlement and $593 Million of BTC and BCH, Will Bitcoin Rally?

Bitcoin prices steady after yesterday’s sell-off Mt Gox trustee approved 802,521 BTC as claims Volumes stable but below average Wholesale liquidation of Bitcoin and Bitcoin Cash stash in the hands of Nobuaki could heap pressure on responsible exchanges. Besides, it will also cause unnecessary price fluctuation that may work against victims triggering a sell-off towards Dec 2018 lows. Bitcoin Price Analysis Fundamentals All eyes are on Nobuaki Kobayashi and how he plans to compensate victims of the now defunct Mt Gox following his approval of “802,521 BTC, 792,296 BCH and…

Vitalik Buterin Allegedly Cashed Out $40 Million ETH Tokens In Early 2018

Photo: 401(K) 2012 / Flickr There’s an interesting revelation by Alex Sunnarborg, a founding partner of the crypto hedge fund Tetra Capital, who states that Ethereum co-founder Vitalik Buterin cashed out $40 million worth of ETH tokens between June 2017 and February 2018. Note that Ethereum (ETH) was trading at its all-time high during Jan-Feb 2019. Sunnarborg found these details after digging into the historical account data of Vitalik Buterin. Buterin is reportedly holding 350,000 ETH in his main wallet address. A Sneak Peek Into Buterin’s ETH Holding History Today,…

Bakkt Gets $740 Million Valuation But Investors Have Questions, Sources Reveal

Intercontinental Exchange’s to-be-launched institutional trading platform Bakkt has earned a $740 million valuation after it raised over $180 million in funding last year, anonymous sources told cryptocurrency industry news outlet The Block on March 21. Bakkt, which has yet to launch any investment products and continues to liaise with regulators, could increase its valuation even further should it raise further funds. At the same time, the sources said questions among investors remained about their risk-return ratio, given Bakkt has yet to get the official go-ahead to launch and will operate…

Prediction Startup Numerai Raises $11 Million in ICO

American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform. Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure,…

US Prediction Startup Numerai Raises $11 Million in ICO

U.S. prediction market startup and hedge fund Numerai raised $11 million in an ICO to launch its Erasure project. American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, crypto industry media outlet Coindesk reports on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the…

WSJ Falsely Overstates ‘$9 Million’ ShapeShift Money Laundering Claim: Analysis

Blockchain investigation and cybersecurity firm CipherBlade has done its own research, the results of which seem to exonerate crypto exchange ShapeShift from a scathing report in The Wall Street Journal. Shapeshift CEO Erik Voorhees was the first to tout the results, which exposed holes in the Journal’s methodology, knowledge of crypto, and other shortcomings. In CipherBlade’s published response, the firm dismantles the Journal’s key allegations one by one, chief among which was that ShapeShift facilitated a $9 million laundering comprised of swapping bitcoin and Ethereum for under-the-radar coins like Monero.…

Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case

The former CEO of reported cryptocurrency scam AriseBank has pleaded guilty to defrauding victims of over $4.2 million, Texas-based daily news outlet Dallas News reported March 21. Jared Rice, whom the FBI arrested over securities and wire fraud in November last year, confessed to his activities, according to an announcement by the United States Attorney for the Northern District of Texas, Erin Nealy Cox. Rice had allegedly falsely claimed that AriseBank could offer customers “FDIC-insured accounts and traditional banking services, including Visa-brand credit and debit cards, in addition to cryptocurrency…

Cryptopia Resumes Trading with 15% Bitcoin Haircut, Months after $16 Million Hack

Cryptocurrency exchange Cryptopia resumed trading on 40 trade pairs three months after it endured a multi-million dollars theft. The New Zealand firm took to its Twitter profile to update that it was beginning to list pairs that it “quantified as secure.” The exchange further confirmed that it would periodically place more coins after assessing each one of them for potential misuse. As of now, cryptos like bitcoin, doge, and litecoin, are amongst the maximally listed, according to details available at Cryptopia’s official website. Update: We have resumed trading on 40 trade pairs…

Binance Launchpad Hosts Its Third ICO With Celer Network Raising $4 Million

Binance Launchpad, the token launch platform of the major global crypto exchange Binance, has completed a $4 million sale of Celer Network (CELR) tokens, the company wrote on March 19. The tokens sale was completed in 17 minutes and 35 seconds, with all 597,014,925 CELR tokens sold in a single session. As the company announced two weeks ago, the CELR token sale only accepted Binance’s own cryptocurrency Binance Coin (BNB), with each CELR token worth 0.000434 BNB or $0.0067 dollar equivalent. One BNB could purchase 2,303.35821 CELR tokens. The minimum…

Clients Take Crypto Fund Manager to Court, Cite $14.2 Million in Losses

The founder of what reportedly claims to be Australia’s first online mattress retailer OzMattress and cryptocurrency fund manager Stefanos Papanastasiou is about to be brought to court by his clients over the loss of over AUD$20 million ($14.2 million). Daily Australian newspaper The Age reported about the controversy on March 19. Per the report, Papanastasiou told his clients in 2017 that he had spent half a million Australian dollars ($355,000) to develop an algorithm that delivers substantial returns through the trading of Bitcoin (BTC) and Ethereum (ETH)-based tokens. According to…