New Ernst & Young Report Reveals Assets and Debts of Now-Defunct QuadrigaCX

A new report from Big Four audit firm Ernst & Young (EY) outlines the assets and debts of  major Canadian crypto exchange QuadrigaCX and its subsidiaries. The report was released on EY site on May 9. EY — a monitor to the creditor proceedings of now-defunct QuadrigaCX — has published a trustee’s preliminary report revealing that Quadriga has around $20.8 million in assets, and around $160 million in liabilities as of April 12, 2019. The debt and assets are spread between three subsidiary companies; 0984750 B.C. LTD. (the “Quadriga Estate”),…

QuadrigaCX Has $21 Million in Assets and Owes $160 Million: EY Report

QuadrigaCX, the Canadian crypto exchange that collapsed after the death of its CEO and founder late last year, has just $21 million in assets, but owes creditors $160 million, its court-appointed monitor and trustee said. The latest report by Ernst and Young (EY), which is dated May 1 but appears to have been published in the last few days, outlines three legal entities affiliated with the exchange – Quadriga Fintech Solutions Corp., Whiteside Capital Corporation and 0984750 B.C. Ltd., each of which is presented as its own bankrupt firm. As a…

Bitcoin Price Rages Bullish for 4th Straight Month in 2019: Report

By CCN.com: Whichever way you slice it the technical picture continues to look more and more bullish for Bitcoin. There is a distinct dip-buying pattern in BTC/USD, and the latest trough has been bought once again today. SFOX’s monthly cryptocurrency volatility outlook is here, and once more the fundamentals are bullish for the 4th straight month. Clear dip-buying in play as Bitcoin’s rally nears $6000- Yahoo Finance The three cornerstones of SFOX’s outlook are price momentum, sentiment and the advance of crypto as a sector. Their latest report sees strong…

‘Predatory’ Bots Exploiting Decentralized Crypto Exchanges: Report

Arbitrage bots are exploiting “inefficiencies” in decentralized exchanges (DEX), according to a report. Citing recent research from Cornell Tech, Homeland Security News Wire said on Monday that such cryptocurrency platforms are being used by “predatory users” to profit from everyday trades, “siphoning millions or possibly billions of dollars a year in cryptocurrency.” In some cases, high fees are paid to prioritize certain transactions, posing a security threat to entire blockchains, the piece said. According to the article: “Like high-frequency traders on Wall Street, these bots exploit inefficiencies in DEXes, paying high transaction…

‘Predatory’ Bots Exploiting Decentralized Crypto Exchanges: Report

Arbitrage bots are exploiting “inefficiencies” in decentralized exchanges (DEX), according to a report. Citing recent research from Cornell Tech, Homeland Security News Wire said on Monday that such cryptocurrency platforms are being used by “predatory users” to profit from everyday trades, “siphoning millions or possibly billions of dollars a year in cryptocurrency.” In some cases, high fees are paid to prioritize certain transactions, posing a security threat to entire blockchains, the piece said. According to the article: “Like high-frequency traders on Wall Street, these bots exploit inefficiencies in DEXes, paying high transaction…

Single Address Behind More Than 50% of Bitcoin Cash Transactions: Report

A single address has been responsible for more than half of the bitcoin cash (BCH) transactions in the past month, according to a tweet by @IamNomad on May 5. According to the Bitcoin Cash Block Explorer, the mystery account has made more than 587,000 transactions since it became operational on April 8 of this year. Many of the transactions are for fractional amounts of BCH and they are made with regularity, with three to four new transactions emerging per second. Overall, the address has received $22,763.06 (80.981 BCH) at press time and has…

Report: Bitcoin Driven by Transaction Volume and Investor Sentiment

Delphi Digital’s latest report, an outlook of the Bitcoin market and what drives it, has shed light on what data points are most important to monitor going forward. This report highlights the dynamic nature of crypto markets and why it cannot be compared to other markets. Value Derived from Use and Sentiment Delphi Digital’s new Bitcoin outlook report suggests the bottom is in, and that the bull market has begun. This has been backed by indications from UTXO, NVT, drawdown, and sentiment. In December 2018, Delphi had stated that they…

Almost One-Third of Bitcoin Exchange Users Come from the US: Report

Photo: Shutterstock DataLight, a company focused on analyzing crypto data and providing unique information on digital currencies, has carried out interesting research to examine the geographical distribution of crypto traders across the world. As the results show, the most active crypto trading country is the USA, with over 22 million visits a month. We’ve investigated 100 most popular #cryptocurrency exchanges and found out how their traffic is distributed by countries. While TOP-3 players are easy to predict, there are definitely some surprises. Full study: https://t.co/eWxbTa6wq2 pic.twitter.com/0mnwcyeDZP — DataLight (@DataLightMe) April…

MIT Professor Christian Catalini Is Working on Facebook Coin: Report

Massachusetts Institute of Technology professor Christian Catalini is on leave and working on the development of Facebook coin, cryptocurrency news Coindesk reported on May 3. Per the report, two anonymous sources with knowledge of the situation told Coindesk about Catalini’s collaboration with Facebook. Catalini — the Theodore T. Miller Career Development Professor at MIT — is reportedly one of the more prominent researchers in the field of token economics. He recently co-authored a report with University of Toronto professor Joshua Gans on initial coin offerings and the value of tokens.…

Report: Craig Wright Serves Roger Ver with Libel Suit

Australian computer scientist Craig Wright has served Roger Ver, CEO of Bitcoin.com, with a libel suit at a London bitcoin cash meetup according to a report by Decrypt on May 2. According to the report, Ver called Wright “a fraud and a liar” in a YouTube video — which has since been stricken for violating YouTube community guidelines — that prompted Wright’s libel suit. Ver commented to Decrypt that he will be fighting the lawsuit. Wright has served legal suits to other figures in the crypto sector, who have denied…