CME Bitcoin Futures Options Overtake Bakkt with over $2 Million in Debut

Bitcoin (BTC) futures options trading is now live on the Chicago Mercantile Exchange – CME. The offering went live yesterday Jan. 13 and began trading after it successfully got approval from regulatory authorities.  The CME Group announced this on its website as trading went live. According to the page, Bitcoin futures options were created to satisfy customers’ yearnings. It says it was done “in response to growing interest in cryptocurrencies and customer demand for tools to manage Bitcoin exposure.” It also explains that the options available are based on the regulated CME…

US SEC Seeks $16 Million Penalty from Token Sales Platform Operator

The United States Securities Exchange Commission (SEC) is seeking a default judgement against token sale platform ICOBox and its founder Nikolay Evdokimov. Documents filed with the Central District Court of California on Jan. 9 order the defendants to pay over $16 million in disgorgement to the agency within 14 days of the judgement’s entry.  In a complaint filed on Sept. 18, 2019, the SEC had sued ICOBox and Evdokimov for operating an unregistered securities offering of roughly $14.6 million worth of digital assets in 2017, and operating as an unregistered…

Nationwide retailer fined half a million pounds for failing to secure information of at least 14 million people

The Information Commissioner’s Office (ICO) has fined DSG Retail Limited (DSG) £500,000 after a ‘point of sale’ computer system was compromised as a result of a cyber-attack, affecting at least 14 million people. An ICO investigation found that an attacker installed malware on 5,390 tills at DSG’s Currys PC World and Dixons Travel stores between July 2017 and April 2018, collecting personal data during the nine month period before the attack was detected. The company’s failure to secure the system allowed unauthorised access to 5.6 million payment card details used…

HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

Bulk of the remaining Ethereum used to buy HEX has been emptied from original address. Creator Richard Heart refuses to acknowledge any involvement with the ETH in question. Surprisingly, the ETH now sits in 36 different addresses and has not been sold. Nearly $7 million worth of Ethereum has been emptied out of the HEX purchase address in the past few days. $7 Million Worth of Ethereum on the Move A series of 36 transactions, each containing 1,337 ETH, depleted the bulk of the remaining Ethereum which had been sent…

Hackers Demand $6 Million Bitcoin Ransom from Travelex

UK-based currency exchange site Travelex is the latest victim of suspected cybercriminals demanding Bitcoin (BTC) ransom. The BBC reports that the alleged hackers want $6 million in BTC in exchange for the decryption of the company’s hacked files. $6 Million According to the BBC, currency exchange giant Travelex suffered a cyber attack on New Year’s Eve forcing the firm to temporarily shut down its online operations until further notice. The hackers chose to strike during the holidays at a time when most members of staff were away from their desks.…

CFTC Cannot Locate Man Responsible for Over $140 Million Crypto Ponzi

The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that the CFTC has filed a motion with the New York Southern District Court. More precisely, the regulator filed for the service of process on Reynolds by publication on The Daily Telegraph and extending for sixty days the time limit by which the service must be effected on him and his firm. A major Bitcoin…

Bitcoin’s Winning Decade: 9 Million Percent Growth in 10 Years

Undoubtedly, the journey has not been all rosy for the world’s most celebrated cryptocurrency, Bitcoin. In fact, Bitcoin’s journey through the last decade was lined with many highs and lows – literally. That said, statistics also showed that the virtual currency grew by 9 million percent in the just-concluded decade. Yes, you read right! An industry based on innovative financial technology ridden with both good and bad players will definitely have its moments. But if you take your eyes away from the price volatility, money laundering, pyramid schemes, fake tokens,…

Justin Sun Explains the Rationale Behind His $1 Million Greta Thunberg Donation

On Dec. 18 Cointelegraph reported that Tron (TRX) founder Justin Sun publicly pledged to donate $1 million to Swedish activist Great Thunberg to raise global awareness of the climate crisis.  Following the COP25 UN Climate Conference in Madrid, Sun tweeted: Although Sun has pledged a donation of $1 million to Greta Thunberg’s campaign, it was left unclear as to how cryptocurrency would help reduce carbon footprints through the creation of decentralized settlements. Regarding this, Sun told Cointelegraph that decentralized settlements and decentralized finance platforms are run by computers on cloud computing…

Bitcoin Gained 8.9 Million Percent Over the Last Decade

2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created. In fact, Bank of America’s recent securities report highlights that an investment of $1 in bitcoin at the start of 2010 would now be worth more than $90,000. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto…

Huobi Japan Secures Around USD 4.6 Million with Announcement of Stock Issuance

Huobi Japan announces plans to raise approximately JPY 500 Million (USD 4.6 Million) in new funding. The funding was raised by issuing new stocks to the Tokai Tokyo Financial Holdings (TTFH) through private placement. The stock issuance is set for Q1 2020. TTFH is a comprehensive securities firm that provides financial services such as dealing, distribution, brokerage, underwriting, and distribution of securities and investment trust. “As Huobi Japan continues to provide safe, secure, and customer-first financial services, we will benefit from the capital and business alliance with Tokai Tokyo Financial Holdings,” said Haiteng Chen,…