Bithumb To Shut Down Offices Due To COVID-19
South Korea’s largest cryptocurrency exchange Bithumb, is planning to shut down some of its offices temporarily as a result of the effects of the COVID-19 pandemic. The exchange made the announcement today, saying plans are already in place to close its
Globe Derivative Exchange Raises $3 Million
A surge in the price of Bitcoin and the growth of decentralized finance (DeFi) has led several crypto companies to readjust their strategy and step up their game in the sector. Major players from various sectors of the economy have not
Will Bitcoin Reach Its Previous Highs By Year End?
It is clear that Bitcoin has been on a bullish uptrend for the past year and its value has risen nearly 5x since March. This had led many traditional investors to wonder if now is the time to hop in
Grayscale Hits $10 Billion in Assets Under Management
According to a recent post, cryptocurrency hedge fund Grayscale Investment now holds Bitcoin worth about $10 Billion. The report reveals that the major hedge fund has more than 500,000 Bitcoin in its fund. This is little surprise for anyone in the
Airbnb Poised To Change Stance On Cryptocurrency
Vacation rental online firm Airbnb has always taken a negative stance on cryptocurrency adoption. But it seems the company is about to make a u-turn, according to the prospectus for its imminent Initial Public Offering (IPO). The prospectus for its IPO,
QuadrigaCX Trustee Says Not Enough Funds To Pay Claims
It seems that the troubles of the defunct QuadrigaCX crypto exchange are not yet over, as the creditors of the exchange have made $171 Million in claims. However, the consulting firm EY, who were named trustees of the exchange say there
China Construction Bank Tokenizes $3 Billion in US Debt
Invest ETH On The Blockchain We’ve seen blockchain technology usher in some amazing things, especially when compared to traditional financial options. The meteoric rise of Decentralized Finance (DeFi) now allows for investor to garner almost unheard of gains. Now, even traditional banks
Crypto Lending Platform Cred Files Bankruptcy
On November 7th, U.S. based cryptocurrency lending service Cred filed for Chapter 11 bankruptcy protection, which leaves many of the platform’s customers worried about the safety of their funds. Based on the court document filed by Cred’s legal team, the estimated
Crypto Exchange Founder is Large Biden Campaign Donor
To say that this year’s U.S. Presidential elections are crazy would be an understatement. There have been all kinds of lies fraud and unrest surrounding this campaign. Here is just another piece of the crap pie that is the 2020 election
$24 Million In Crypto Seized By Government Officials
The U.S. Department of Justice has confiscated cryptocurrency worth of $24 Million from a Brazilian crime cartel on behalf of the Brazilian Government. The cartel has garnered about $200 Million from their fraudulent activities which including scamming their victims. In one