Crypto exchange Bitfinex will list its new exchange token, LEO, on Monday after purportedly raising $1 billion from the initial offering. In an announcement Friday, Bitfinex said that the token – whose full name is apparently UNUS SED LEO, also the name of the token’s formal issuer – will be listed on its platform and tradeable against bitcoin, the U.S. dollar, the tether stablecoin, ether and EOS. The company was first rumored to be considering a token sale last month, to Read more …
The European Commission has fined five banks, including the anti-Bitcoin JP Morgan, a total of over €1 billion for currency rigging. Traders clubbed together into ‘cartels’ to manipulate the foreign exchange market between 2007 and 2013. You Can Trust The Big Banks… To Help Themselves The “Banana Split” cartel involved traders from Barclays, RBS, Citigroup, and JP Morgan, which face penalties of €811 million in total. Traders from Barclays and RBS traders, along with MUFG, were also in the “Essex Read more …
By CCN: Elon Musk, the CEO of embattled electric vehicle giant Tesla, believes that self-driving cars will propel the company to obscene heights. But the National Transportation Safety Board’s (NTSB) latest investigation into a Tesla Model 3 crash suggests that Musk is far from realizing his dreams, and that report is taking a toll on Tesla stock. NTSB Bombshell Raises Questions About Tesla Autopilot The NTSB’s investigation found that Tesla’s Autopilot system was engaged for 10 seconds before a Model Read more …
While the past few months have seen Bitcoin (BTC) recover in dramatic fashion, data suggests that venture capitalists and other notable investors have begun to put their feet on the crypto brake. But this isn’t bearish per se. Let’s take a look. Related Reading: Despite The Bear Market, Crypto Startups Got Boosted By Billions In 2018 Crypto & Blockchain Venture Capital Sees Tough Q1 According to Alex Thorn, a crypto-friendly venture capitalist based in Boston, investments into cryptocurrency startups, not Read more …
By CCN: Bitcoin’s mammoth rally suffered a devastating setback on Friday when a $35 million sell order triggered a vicious flash crash on Bitstamp. By the time the dominoes had stopped falling, the bitcoin price had plunged as low as $6,894, and more than $32 billion had vanished from the crypto market cap. And fervent bitcoin bull Mati Greenspan couldn’t be happier. Finding a Silver Lining in the $32 Billion Crypto Crash A $35 million sell order triggered a vicious Read more …
Major crypto exchange Bitstamp has launched an investigation after a large bitcoin (BTC) sell order heavily impacted its order book, as the firm announced in a tweet on May 17. Bitstamp reported an execution of a large sell order in BTC to United States dollars (USD) on its platform today, as the exchange wrote earlier today. While the company has not specified the details of the transaction, the price of bitcoin had plummeted about 20% from around $7,800 to as Read more …
By CCN: Two blockchain companies, JoyToken and RepuX, have been dissolved, according to UK business records. Both companies were founded and ICO-funded on the direction of the same people. A Reddit user broke down the scandal for r/CryptoCurrency, hoping someone might have more information. Andrew MacDonald’s JoyToken Winnings JoyToken was to be an “ecosystem” for gambling development. Game developers could use a toolkit and a common token to build provably-fair games. MacDonald saw this as an advantage over simply building Read more …
The OneCoin cryptocurrency investment project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit the narrow definition of either. In a report by Samoa Observer on May 14, the Central Bank of Samoa is quoted as saying last month that OneCoin is a “hybrid ponzi-pyramid scheme” which “laundered money through New Zealand to Samoa” and was targeting local residents through churches. After the Observer reported the warning, it said it received a statement Read more …
On May 16, an unknown person posted a signed message to social media concerning a bitcoin address that was used as evidence in the ongoing Kleiman v. Wright lawsuit. According to the message, which is verified to be the rightful owner of the address used in the Florida lawsuit, the address never belonged to “Satoshi or to Craig Wright” and once held over 160,000 BTC. Also read: Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List Bitcoin Whale: ‘This Address Read more …
On May 16, an unknown person posted a signed message to social media concerning a bitcoin address that was used as evidence in the ongoing Kleiman v. Wright lawsuit. According to the message, which is verified to be the rightful owner of the address used in the Florida lawsuit, the address never belonged to “Satoshi or to Craig Wright” and once held over 160,000 BTC. Also read: Blockchain Researchers Mock Craig Wright’s Unsealed Bitcoin Address List Bitcoin Whale: ‘This Address Read more …
Cryptocurrency advocates often ponder over mass adoption. But in truth, the usability of cryptocurrency, or lack of, presents a significant hurdle for no-coiners. On top of fears over security and the association with illicit activities, mass adoption will remain a distant fantasy unless it gets easier to buy, store and use cryptocurrency. Crypto Is Full Of Scammers Today, blockchain puts us at the cusp of a technological revolution, but everyday people are put off by its complexity. The good news, Read more …
Lisk is a blockchain platform for creating and deploying decentralized applications (dApps) in JavaScript, which was first released in May 2016. The project was rebranded and relaunched in February 2018. LSK is the native token of the Lisk network, which gives owners access to the platform’s tools. In order to keep the tokens, you’ll need a wallet which supports the crypto. But only a few wallets support the storage for LSK tokens. Therefore, you need to check our list of Read more …