Category Archives: Crypto News

S. Korean Regulator Orders 12 Crypto Exchanges To Make Contracts More Consumer-Friendly

12 crypto exchanges in South Korea have been told to revise their customer contracts after regulator finds lacking consumer protection The South Korean Fair Trade Commission (FTC) informed 12 cryptocurrency exchanges that they must change their adhesion contracts – contracts created by an entity where the terms and conditions are non-negotiable to the customer – due to their current lack of customer protection, local news outlet Yonhap News reports today, April 4. The FTC reported that the contracts in their current form don’t allow users to withdraw […]

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Mt. Gox Ex-CEO Karpeles Says He ‘Doesn’t Want’ Leftover $1 Bln Post-Liquidation Funds

Mark Karpeles has sought to quell potential user anger over the leftover 160,000 bitcoins in liquidation capital. Defunct Bitcoin exchange Mt. Gox’s ex-CEO claimed in a statement April 4 that he “doesn’t want” the 160,000 BTC ($1.12 bln) that will be left after the exchange repays its creditors. As part of a Reddit Ask Me Anything (AMA) session Wednesday, Mark Karpeles said that he found the billion dollar windfall, which will come about as a result of Japanese bankruptcy procedures, to be “distasteful”. “The way bankruptcy law […]

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Alibaba Sues Dubai ICO Over ‘Intentionally Misleading’ Use Of Its Brand

A Dubai ICO has been taken to court by China’s Alibaba after “intentionally misleading” use of the e-commerce giant’s brand. Chinese e-commerce giant Alibaba has sued the Dubai-based Alibabacoin Foundation for copyright infringement after the latter’s ICO initially raised $3.5 mln, Reuters reported April 2. According to court filings from the US District Court in Manhattan seen by the publication, Alibabacoin engaged in “prominent, repeated, and intentionally misleading” behavior using the company’s name. There is no relationship between Alibaba and the Alibabacoin Foundation, Alibaba clarified, reiterating that […]

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Traditional Markets Start Off Q2 With Record Low, Crypto Markets See Slight Growth

Although traditional markets are reporting one of the worst ever starts to the second quarter, the crypto markets show gradual upward movement. The end of the first quarter of 2018 saw not only poor performances in the crypto market – which lost around 50 percent of total market cap – but also a poor second quarter start for the traditional markets, with the S&P 500 Index’s slump of 2.2 percent Monday, April 2 marking the lowest April start numbers since before the 1929 Great Depression, according to […]

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Litecoin Fails To Hold Gains From Abra Adoption In Shadow Of LitePay Closure

Litecoin markets dipped again April 4, despite payment network Abra confirming it would use the asset for its smart contracts. News that payments network Abra had committed to Litecoin (LTC) for its smart contracts failed to prop up markets April 4 as the asset reversed previous gains. After Abra, which raised $40 mln in its latest funding round, announced it would use Litecoin’s smart contracts to power its wallet and exchange late March, LTC swiftly gained 20% to hit a weekly high of $136 Tuesday, April 3, […]

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Marketplace Aims To Resell Personal Data And Create Passive Income Stream for Users

sponsored A project creates a platform for personal data exchange developed for users and companies. The founders of Opiria, a European startup launched in 2017, claim that global trading volume of personal data has reached $250 bln. Historically, the users who generate the personal data have not been included in the selling and buying process, so the Opiria team created a marketplace to let these users receive profit from marketing their own personal data. The personal data exposition Opiria’s marketplace seems to be a functioning product; the […]

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Fintech Firm’s Stock Drops By 30 Percent Following Announcement of SEC Investigation

Fintech company Longfin’s stock fell 30 percent following the announcement of an SEC investigation into their purchase of a Blockchain-based lending firm. Following the announcement of an investigation by the US Securities and Exchanges Commission (SEC) into is business, stock value of the fintech firm Longfin dropped by 30 percent, CNBC reported April 3. Longfin disclosed the investigation in a public 10-K filing to the SEC on April 2. Longfin shares closed 30.89 percent lower today, trading at $9.89 a share. This year so far the stock […]

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Bitmain Releases Ethash ASIC Miners

Chinese hardware giant Bitmain has released Ethash ASIC miners for sale, the first units are set to ship in mid-July. Chinese tech giant Bitmain announced that they are releasing an Ethash ASIC miner, according to a tweet April 3. In the tweet, Bitmain says that the Antminer E3 is the “world’s most powerful and efficient EtHash ASIC miner.” The units will retail for $800 each and according to the tweet, are not available in China, nor can they be shipped to Hong Kong, Macau, or Taiwan. Orders […]

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Story of Coincheck: How to Rebound After the ‘Biggest Theft in the History of the World’

The biggest single exchange hack ever happened in Japan, following in the path of the former record holder, Mt. Gox Those who held Bitcoin through the Mt. Gox hack of 2014 experienced one of the most tumultuous times in cryptocurrency history, having seen some of the darkest days in the ecosystem. However, Mt. Gox has been overtaken as the biggest single exchange hack with Coincheck, also a Japanese exchange, taking the title. While thieves walked away with a bigger payday from the recent hack, the effect on […]

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John McAfee Charges $105,000 Per Tweet For Promoting Cryptocurrency Projects

John McAfee has officially announced price rates for promoting cryptocurrency projects and ICOs on his Twitter account. John McAfee, computer programmer and founder of the eponymous antivirus software, who drew his focus toward digital currency over recent years, disclosed that he charges $105,000 per tweet to promote cryptocurrency projects and products. Last week, McAfee tweeted that the McAfee Crypto Team team has produced and published a guide on how the promotional tweets work on their website. The Team is a marketing agency for promoting initial coin offerings […]

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