EXCHANGES

Bitcoin History Part 16: The First Mt. Gox Hack

[ad_1] No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms that began the very next day. By the time the dust had settled six weeks later, four separate thefts had occurred, culminating in the loss of
Business

Huobi Processed 50% of All PlusToken Withdrawals This Month: Report

[ad_1] Chinese crypto exchange Huobi has seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken to date, new research says.Chinese exchanges prevailNew York-based blockchain infrastructure firm Elementus released a study on Aug. 23, claiming that the number of PlusToken withdrawals sent to Huobi exchange has accounted for nearly 50% so far.As Cointelegraph reported earlier in August, PlusToken apparently began a mass sell-off of Bitcoin (BTC) that
Business

Crypto News From the German-Speaking World: Week in Review

[ad_1] The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed robbery.On Aug. 16, the BaFin published a leaflet for issuers of crypto tokens that
BLOCKCHAIN

Chainalysis Rolls Out Real-Time Threat Detector for 15 Major Cryptos

[ad_1] Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies.In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that this is the first compliance alerts solution available for 15 crypto assets.Compliance risk mitigationThe tool
EXCHANGES

Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator

[ad_1] On August 23, Bitcoin.com released a new application called the SLP Dividend Calculator. The new platform allows users to build a transaction to make dividend payments to any Simple Ledger Protocol (SLP) token holder. Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash Testing the New SLP Dividend Calculator From Bitcoin.com Over the last year, SLP tokens have been extremely popular among BCH proponents, and
Business

Bitcoin Price Fights to Hold $10K Support While Altcoins See Drops

[ad_1] Saturday, Aug. 24 — crypto markets continued to see red today as Bitcoin (BTC) has dipped below $10,000 price mark several times over the past 12 hours.Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano (ADA) and NEO (NEO), which are up 1.3% and 2.6%, respectively.Market visualization | Source: Coin360BTC fights to hold $10K supportBitcoin
EXCHANGES

Poloniex Set to Repay Flash Crash Losses, Victims Are Not Happy

[ad_1] Some traders on the Poloniex owned crypto Margin trading platform lost a lot of money towards the end of May 2019, when the value of a less popular crypto asset —CLAM experienced an unexpected sharp crash. This led to the overall loss of approximately 1,800 Bitcoins (BTC). While trying to make things right for the second time, Poloniex recently stated that it will begin to recover the losses of
Business

US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000

[ad_1] The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals.Terms of settlementAccording to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as part of the settlement.In March 2018, the FTC first obtained a court order against Thomas Dluca,
EXCHANGES

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

[ad_1] Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, who is often their voter too. Also read: Major Swedish Bank Orders Negative Interest
BLOCKCHAIN

Adoption Shortcut or Blockchain Purists’ Nightmare?

[ad_1] The major digital asset services platform Coinbase has recently announced the long-anticipated completion of a deal that has been in progress since at least May: the acquisition of Xapo’s institutional business. The move projects Coinbase Custody to the status of the world’s largest institutional digital asset custodian, securing more than $7 billion on behalf of over 120 clients globally. According to some estimates, Coinbase could now be holding over 5% of all