Defunct Exchange QuadrigaCX Likely Did Not Plan Exit Scam

The CEO of United States cryptocurrency exchange Coinbase added to theories surrounding the downfall of Canadian platform QuadrigaCX in fresh social media comments on Feb. 21. In a series of tweets, Brian Armstrong suggested the exchange, which is currently undergoing restructuring procedures and owes creditors around $190 million, did not attempt fraud. “(QuadrigaCX) was one of the oldest exchanges in existence (founded in 2013). If they planned an exit scam, it likely would have been timed better,” he summarized. Users of the now-defunct Quadriga are currently battling through the courts…

Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox

Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure…

Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox

Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure…

Ripple’s Plan for China, Hiring A Country Manager

XRP price technically bullish Ripple to hire a Country Manager, plans to open a physical office in Shanghai Transactional volumes are low, may rise if prices recover from 30 cents Ripple has grand plans. After funding the Fintech Research at Tsinghua University (THUIFR), the company plans to open a physical office in Shanghai. To that end, they are hiring a Country Manager. The trajectory taken is indicative and a hint of future involvement in China. This is in line with our XRP/USD trade trajectory. XRP Price Analysis Fundamentals With each…

TRX Drop 5.2% as Binance plan for Fiat Purchases

Tron price is down 5.2 percent a few days after BTT launch Like CoinBase, Binance will soon allow Visa and MasterCard purchases Participation level shrink by more than half from 25 million to less than 15 million After days of impressive performance, TRX is now slowing down. It is down 5.2 percent at the time of writing. Even so, bulls have a chance as long as prices oscillate above 2.5 cents. Tron Price Analysis Fundamentals Binance, the largest cryptocurrency exchange by trading volume, will in days ahead allow crypto traders…

How Maduro’s Petro Plan Failed to Bail Out the Country

Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and economic crisis, and strict sanctions imposed by its former partner and oil purchaser: the United States. Since Maduro first took office in 2013, Venezuela has faced several brutal riots, including the “Mother of All Marches” in 2017 and the Caracas helicopter attack in the same year,  and the current crisis is very likely to be the last for the regime. We decided to look into the last six years for…

France’s Yellow Vests Plan Bank Run to ‘Scare State Without Violence’

French grassroots political movement the Gilets Jaunes — Yellow Vests — is planning a bank run similar to Bitcoin’s (BTC) Proof of Keys, sources revealed on social media Jan. 7. Dubbed the “Collectors’ Referendum,” the latest demonstration by the movement calls on supporters to withdraw all their savings and other deposited cash from financial institutions on Saturday. Speaking in a video uploaded to Facebook, an activist known only as Tahz San said the gesture aimed to “scare this (French) state completely legally and without any violence, yet more effectively than…

Inside Ethereum’s Plan To Reduce Energy Consumption by 99%

Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore inefficient and environmentally unfriendly. Some reports find that mining cryptocurrency uses more energy than gold mining, some the opposite. Some researchers find that mining is overall bad for the environment. Ethereum started out with the goal of becoming a world computer, with the blockchain being the first to introduce smart…

BitMEX and Hong-Kong Listed Wine Firm Plan Joint Foray Into New Japanese Crypto Exchange

Crypto exchange BitMEX and a fine French wine retailer are reportedly partnering to acquire a majority stake of licensed — but as yet inactive — Japanese crypto exchange BitOcean. Cointelegraph Japan reported on the potential partnership on Dec. 21. Madison Holdings Group, which is currently listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange, reportedly plans to acquire a 62.7 percent stake of BitOcean for 1.68 billion yen ($15.12 million) — paid to existing third-party stakeholders — in addition to a further $15 million in extra…

Crypto Exchange Kraken to Plan Private Offering After ‘$4 Billion’ Valuation

United States cryptocurrency exchange Kraken is considering a private offering to high net worth investors, Finance Magnates reported Dec. 12, quoting emails sent by the company. Kraken, which is currently the subject of a lawsuit over its support of the competing forks of altcoin Bitcoin Cash (BCH), has reportedly valued its shares at $4 billion. According to Finance Magnates, executives are now offering select major clients to whom the email was sent a chance to acquire further equity, subject to a minimum investment of $100,000. “The transaction process will be…