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

To date, Chinese exchange Huobi has processed the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken’s recent multi-billion dollar moves. 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 prevail New 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…

Read More

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

From CT auf Deutsch: a highly active BaFin and a bankruptcy filing from an Austrian crypto ATM start-up lead the week’s news from the German-speaking world. 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. BaFin publishes summary of current regulation On Aug.…

Read More

Bitcoin History Part 16: The First Mt. Gox Hack

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 more than 178,000 bitcoins. Also read: Bitcoin History Part 15: Silk Road Is Born The First Bitcoin Exchange Hack Summer 2011…

Read More

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

Chainalysis, a blockchain analytics firm, announces the launch of a real-time compliance alerts solution, with service for 15 cryptocurrencies. 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 mitigation The…

Read More

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

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 so far supporters have made thousands of unique coins on the BCH chain. As time has progressed, the SLP ecosystem has…

Read More

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

Crypto markets continued to see red today with Bitcoin price hovering around the $10,000 threshold. 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: Coin360 BTC fights to hold $10K support Bitcoin is trading…

Read More

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

A summary of this week’s top news from Spain and Latin America, as covered by our Spanish language version, Cointelegraph en Español. This week was an important one for crypto adoption in the Spanish-speaking world, with reports of a government ministry working on a token in an Argentinian province and a Venezuelan state airline accepting the country’s controversial Petro coin.  Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain’s first “legal” ICO speaks on regulation On Aug. 22, Cointelegraph en…

Read More

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

The U.S. Federal Trade Commission has settled charges it filed in 2018 against a crypto pyramid scheme involving four individuals, with the defendants paying $500,000. 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 settlement According 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…

Read More

Crypto Custody: Adoption Shortcut or Blockchain Purists’ Nightmare?

With Coinbase becoming the world’s largest institutional custodian of digital assets, the crypto community is left to wonder what it means for the industry… 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…

Read More

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

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 Rate on Euro Deposits Bavarian Leader Wants Berlin to Outlaw Punitive Interest Germany needs to ban banks from passing negative rates…

Read More