Monthly Archives: March 2019

Market Maker Sues Lawyer Over $4 Million BTC Transaction Gone Awry

Market making and over-the-counter trading firm GSR Markets is taking legal action against lawyer Diana McDonald, who is accused of pocketing $2 million from a $4 million BTC transaction in which she acted as an escrow. Also Read: In the Daily: Bitcoin Begging, NEM Foundation Fights to Survive, Huobi Prime GSR Markets Sues Lawyer Over Missing $2 Million Hong Kong-based GSR Markets is taking legal action against a lawyer who was to act as an escrow in a $4 million BTC escrow transaction gone awry. According to […]

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Two Australian Crypto Exchange Licenses Suspended Following Arrest

Two Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela Police Raids Result in Suspension of 2 Cryptocurrency Exchanges The arrest of a 27-year-old in the Melbourne suburb of Bulleen has resulted in the suspension of two Australian cryptocurrency exchanges. The exchanges’ […]

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Top Cryptos See Slight Growth as Bitcoin Approaches $4,000

Most of the top 20 cryptocurrencies are reporting slight gains as Bitcoin approaches $4,000. Saturday, March 9 — most of the top 20 cryptocurrencies are reporting slight gains on the day by press time. Bitcoin (BTC) is approaching the $4,000 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up just under one percent on the day, trading at around $3,960, according to CoinMarketCap data. Looking at its weekly chart, the current price is nearly three percent higher than $3,851, the […]

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Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash

There’s a new bitcoin cash lottery that uses the BCH blockchain as an oracle to provide true provable fairness in the game. Participants toss BCH into a pot and if the last few digits of the user’s transaction ID matches the target block’s hash they win the jackpot. Also read: UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges Nakamoto Game Bitcoin cash supporters have been discussing a new type of lottery system that uses the BCH chain to operate in a transparent fashion. Nakamoto Game […]

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Over 80 Percent of Total ETH Supply is Held by 7,572 Addresses: Research

Over 80 percent of the total supply of Ethereum’s native token ETH is held by 7,572 addresses, a new report claims. Over 80 percent of the total circulating supply of Ethereum (ETH) is held by 7,572 addresses, claims a report released by digital asset research company Delphi Digital on March 7. More precisely, the data contained in the report claim that over 80 percent of the total supply of ETH coins are held by addresses with a balance higher than 1,000 ETH. The number of such addresses […]

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CEO of Crypto City Project Bitcointopia Pleads Guilty to Selling Land He Didn’t Have

Morgan Rockcoons, the CEO of crypto city project Bitcointopia, pleaded guilty to selling land he didn’t have. Morgan Rockcoons, also known as Morgan Rockwell, has pleaded guilty to two cryptocurrency-related charges in San Diego federal court this week. Rockcoons admitted both to selling land he didn’t have for a crypto city project dubbed “Bitcointopia” and to operating a money transmitting business without a license, daily news outlet the Los Angeles Times (LA Times) reported on March 8. Per the report, Rockcoons first attracted the attention of law […]

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In the Daily: Bitcoin Begging, NEM Foundation Fights to Survive, Huobi Prime

In the first weekend edition of The Daily, we examine the biting effects of crypto winter, which might have frozen out ETH scambots, but hasn’t prevented the penurious from panhandling for crypto by more direct means. We also look at the latest restructuring of the NEM Foundation, which has faced the full force of the crypto cooldown. Finally, we preview Huobi’s new Binance Launchpad competitor – Prime. Also read: Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’ NEM Foundation Rolls Out Plan B to […]

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Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services

Fidelity Investments’ new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn’t make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms. Also read: UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges Bear Market – What Bear Market? Tom Jessop, who heads Fidelity Digital Assets, told CNBC that the so-called crypto winter hadn’t affected the rolling out […]

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Ethereum Has More Than Twice as Many Core Devs per Month as Bitcoin: Report

Ethereum has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers. Ethereum (ETH) has the most developers working on its base protocol of all cryptocurrencies, not counting community project developers, according to a report by crypto asset management firm Electric Capital. The report was published in a Medium post on March 7. Per the post, the company fingerprinted over 20,000 code repositories and 16 million commits to obtain data, which reveals that on average 216 developers contribute code to ETH […]

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Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’

On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov was also arrested in Los Angeles and appeared before a judge in California. Also read: ‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day US Prosecutors Charge Onecoin Leaders With […]

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