$10 Million: Yet Another Crypto Firm Slapped With SEC Fine

The U.S. Securities and Exchange Commission (SEC) seems to be waging a war against the crypto ecosystems. Over the past few months, the American financial regulator has continued to take action against industry firms that it deems in violation of securities laws. On Thursday, the SEC revealed that it had settled a massive $10 million […]

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Bitcoin Charity: Fidelity’s Charity Arm Hits $100 Million Crypto Milestone

Mainstream media lambasts the cryptocurrency industry for housing the world’s unsavory. Incumbent President Donald Trump argued in his now infamous thread on Bitcoin and Libra that digital assets can “facilitate unlawful behavior, including drug trade and other illegal activity”. Some others in the who’s who of global finance and politics have expressed a similar sentiment, […]

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Crypto Giant Coinbase Looks to Entice Institutions With $55 Million Xapo Deal

With the custody of crypto assets becoming of utmost importance, industry startups have been doing anything in their power to make a foray into this facet of cryptocurrency. After launching its own custody division, Coinbase has made a massive acquisition in the cryptocurrency security business, making it the largest (known) custodian in the Bitcoin market. […]

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Bitcoin At $1 Million By 2020 Is Still Possible And Might Be A Discount Says James Altucher

Best-selling author and former hedge fund manager James Altucher is not backing down from his $1-million-dollar bitcoin call that he boldly made back in 2017. His timelines may be a little different however. Altucher made the call two years ago when bitcoin was trading around $11,000, he called for the crypto to hit $1 million […]

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They’re Watching: Silk Road User Gets $19 Million Bitcoin Trove Confiscated by U.S. Gov’t

If you’ve facilitated large-scale illicit activity online using cryptocurrencies, just waiting for a few years to make an escape is no longer going to cut it courtesy of increasingly advanced blockchain analysis techniques. That reality was on full display this week, as the U.S. Justice Department’s Southern District of New York (SDNY) announced the arrest […]

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Flamin’ Hot: Binance Just Burned $24 Million Worth of BNB Coins

The leadership at Binance continues to strive toward bringing value to their users. This week, the Malta-based cryptocurrency exchange completed its eighth quarterly token burn, wherein nearly 809,000 BNB tokens were burned, that sum being worth approximately $24 million USD at the time of the burn. The company said this latest token burn was the […]

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Hacked: Bitpoint Exchange Loses $32 Million, Here’s What Went Down

Japanese cryptocurrency exchange Bitpoint has joined the long list of platforms that have lost millions to hackers. The exchange published a notice on its website, confirming “unauthorized outflow of virtual currency,” leading it to shut down operations pending the outcome of an internal investigation. It all started when Bitpoint customers noticed the exchange had stopped […]

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GateHub Wallet Hack: Users Lose $10 Million in Recent XRP Heist

Hackers have reportedly stolen nearly $10 million worth of Ripple (XRP) from about 100 XRP ledger wallets on GateHub, as reported in a preliminary statement issued by the CEO of crypto wallet service provider, Enej Pungercar, on June 6. Gatehub disclosed, in the statement, that they were notified by customers whose wallets were compromised. Estimated […]

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Big Banks Drop $50 Million on Blockchain Settlements System

A group of large banks are investing $50 million USD into a financial settlements system built atop blockchain technology, the latest in a string of blockchain-centric headlines coming out of the mainstream banking industry this year. That revelation comes via Reuters, which was told by an anonymous source close to the situation that approximately 12 […]

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