Report Says Bitcoin Transacted in Exchanges A Fraud Risk
In a recent report by Ciphertrace, there are more interests in cryptocurrency from institutional investors than ever before. The report also noted how virtual asset regulations will affect banks, with about 57% of the virtual assets service providers having weak
Paypal Prepares For Crypto
So, if you do just about anything online, you’ve heard of payment processing giant PayPal… and if you’ve been in the cryptocurrency space for any length of time, you also know that PayPal is NO friend of crypto. So it came
Akon Launches Crypto City Project in Senegal
Multi-award winning singer and entrepreneur Akon has been awarded a $6 Billion contract to build a futuristic crypto city in Senegal. The contract was awarded by U.S. engineering firm KE International and will use Akon’s Akoin cryptocurrency for transactions. Based on
Binance To Open Crypto Exchange in UK
Top cryptocurrency exchange company Binance announced its plans to launch its crypto exchange in the U.K. In the blog post, the company admitted it was excited about the prospect of extending its services to the U.K. The platform will be built
CoinFlux Owner Pleads Guilty To Racketeering
The owner of defunct CoinFlux, Vlad-Calin Nistor, has admitted he is guilty of laundering about $1.8 Million in a fraudulent scheme on a car wash and dubious eBay ads. He and 14 others, including the car wash owner, have pleaded guilty
80% of Top Stablecoins Controlled by Less Than 6 Accounts
CoinMetrics reported that very few accounts in each of the stablecoin networks hold the majority of the total capitalization of these top five stablecoins. The published report revealed that there was severe centralization among several top stablecoins with only six accounts
OKEx Sets Up Options on Ethereum
On Thursday, Malta-based cryptocurrency exchange OKEx launched options contracts on Ethereum token. The launch ended the virtual monopoly of this type of contract by Panama-based crypto exchange Deribit. CEO of OKEx, Jay Hao, said the ETH options contracts of OKEx will
Kakao’s New Crypto Wallet Surpasses 100K Users
South Korea’s messaging giant Kakao says more than about 2% of the Kakao Talk app users or about 100,000 have signed up for the new crypto wallet function offered in the app. According to the firm, the 100K mark was
SBI VC Offers Free XRP With New Customer Registration
Recently, in a press release, Japan-based SBI VC trade announced that starting June 1, new registrants to its portal will receive a gift of 50 XRP ($10). The company stated that the gift season will run for 4 months, beginning
Sberbank Wants 5,000 Blockchain ATMs
Sberbank, Russia’s biggest bank by market capitalization and market share, wants to spend more than $100 Million on 5,000 blockchain-enabled ATMs that can mine cryptocurrency. The bank is now looking for tenders who can supply 4,917 ATMs with customized graphic cards