Posts in category

Mt.Gox


Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company’s freezing of crypto withdrawals, Reuters reported today, Feb. 13. The Japan-based exchange had frozen all withdrawals after they lost $530 mln in NEM in a hack last month. The plaintiffs’ lawyer, Hiromu …

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Everyone, even the biggest skeptics of Bitcoin and other cryptocurrencies have all had their positives to say about the underpinning Blockchain technology which has the potential to change the world. However, it has been 10 years since Blockchain technology came into the open, and yet we still don’t really have a major use for it. …

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Japanese cryptocurrency exchange Coincheck has announced Saturday, Jan. 27, that it will issue full refunds to all of the 260,000 of its users who have become victims of the Friday NEM hack. The Coincheck exchange has been hacked yesterday, Jan. 26, resulting in a massive loss of 523 mln NEM coins, worth approximately $534 mln at that …

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A recent paper on Bitcoin (BTC) price manipulation has shown that just one actor was likely responsible for driving the price of Bitcoin from $150 to $1000 in 2013. The paper, co-authored by Neil Gandal, JT Hamrick, Tyler Moore, and Tali Oberman, examines the suspicious trading activity that took place on the now-defunct Mt. Gox …

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One of the biggest drawcards for the cryptocurrency market as an investment opportunity has been its openness and lack of prejudice. Anyone with access to the Internet can buy a crypto asset, and in most cases, see it grow exponentially. It is investing like never before seen, breaking with a number of traditional norms, but …

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Cryptocurrencies have captured international attention this year. Although trading currency is nothing new, it certainly feels like an ancient concept being renewed by novel technology. The rapid price increase of almost all digital tokens, which is most noticeable in Bitcoin’s 1,600 percent improvement this year, and their surprising integration into mainstream investment markets through futures …

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Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds. Almost immediately after the hacking attack, Youbit’s parent company Yapian filed for bankruptcy. In an official statement, the Youbit team told its users that 75 percent of their holdings on …

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It’s in the name: cryptocurrency is mainly about privacy of data, and decentralized money systems raise a lot of issues about keeping transactions safe and private. High profile incidents such as Mt. Gox’s collapse and authorities tracking/seizing crypto savings of private individuals have highlighted this. While these negatives about digital currency are often the things …

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From 2011 to 2013, the now-defunct cryptocurrency exchange Mt. Gox, had lost 850,000 Bitcoins it had stored on behalf of its clients and traders. At today’s Bitcoin price, the stolen Bitcoins amount to a staggering $8.25 bln. In 2014, the Japanese government formed a task force and a trustee to extensively investigate into the case …

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Tether has been questioned a great deal in the past year, and some believe that it’s all make believe. Audits desperately needed. Source link

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When would an average investor completely exit Bitcoin? A new survey among Americans indicates a price of $196K. Survey methodology LendEdu commissioned a survey in November 2017 of 564 Americans who had invested in Bitcoin. While surveys have been done in the past to gauge the awareness of the general public about Bitcoin, this survey …

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