Cryptopia Liquidation: Refund Deadline ‘Not Practicable’ as Users Wait

Liquidator Grant Thornton recovered $7.2 million since May but warns that the complexity of proving ownership makes it impossible to estimate timeframes. Liquidators of hacked New Zealand cryptocurrency exchange Cryptopia have recovered almost $11 million in the past six months, but say the process remains difficult. In its second report into its operations at Cryptopia, Grant Thornton confirmed that receipts from May to November totaled around 10.9 million New Zealand dollars ($7.18 million).  Funds trickle back from oblivion Expenses, including payments to certain preferential creditors, came to NZ$3.74 million ($2.46…

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Last Bitcoin: The Aftermath of All Bitcoins Being Mined

Have you ever wondered what would happen when the last bitcoin was mined? The idea, which got so many people and companies around the world interested in crypto, was that it had a limit. There would be an x amount of coins produced and banks or governments, could not resort to endless money printing and debt creation the same way they do with fiat. This gave people hope, hope for a better and more secure financial future. A future where you are in charge of your own savings, where the…

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Bitcoin Price ‘Boring and Fragile’ as Trader Plans for Dip Below $7K

A return to challenge resistance at $7,500 or higher appears increasingly unlikely as plans shift for a fresh visit to the $6K range for Bitcoin. Bitcoin (BTC) continued its broad downtrend towards $7,000 support on Dec. 12, failing to break out of a behavioral pattern that has left traders uninspired. Cryptocurrency market daily overview. Source: Coin360 Bitcoin could face “significant drop” Data from Coin360 showed BTC/USD trading down around 1.2% on the day, with only a brief spike to $7,265 punctuating the otherwise lackluster performance. The sudden uptick met with…

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Regulated Swiss Crypto Bank SEBA Expands Services to 9 New Countries

Switzerland-based cryptocurrency bank SEBA has rolled out its services to clients in nine new countries. Switzerland-based cryptocurrency bank SEBA has expanded its services to nine new countries. According to Finance Magnates on Dec. 12, SEBA revealed that accounts are now fully operational for institutional clients and accredited investors in Singapore, Hong Kong, the United Kingdom, Italy, Germany, France, Austria, Portugal. As previously reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA)…

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Bitcoin Exchange BitMEX Faces $300M Investor Lawsuit Over Lost Equity

A seed investor in BitMEX claims he is owed at least $50 million as per the terms of his cash injection, but also seeks damages worth $250 million. A former JPMorgan derivatives trader is suing one of the world’s biggest cryptocurrency exchanges for $300 million after it allegedly failed to deliver his equity. According to filing with the Superior Court of the State of California in San Francisco dated Dec. 4, Frank Amato and RGB Coin are now pursuing action against BitMEX, its CEO Arthur Hayes and owner HDR Global…

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From Health Care to Mining, Central Asia Stays on the Blockchain Beat

Central Asia following the sweeping global crypto and blockchain trend, with concrete adoption and utilization cases across the region. Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking point not only in the financial sector but also in politics and governance. The seven “-stan” countries of Central and South Asia — Pakistan, Kazakhstan, Afghanistan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan — haven’t shied away from the…

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German SolarisBank Opens Subsidiary to Provide Custody Services for Digital Assets

Berlin-based fintech company solarisBank has established a subsidiary, solaris Digital Assets GmbH, to provide a custody solution for digital assets. Berlin-based fintech company solarisBank has established a subsidiary to provide a custody solution for digital assets. Per a Dec. 11 announcement, solarisBank’s newly established subsidiary, solaris Digital Assets GmbH, will provide clients with an application programming interface (API)-accessible platform, which gives access to the full range of solarisBank’s digital white-label banking services. No need to apply for a license The announcement further reads that solaris Digital Assets will operate in…

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US SEC Charges Shopin Founder With Orchestrating Fraudulent $42 Million ICO

Shopin Founder and CEO Eran Eyal allegedly spent $500,000 of investor funds on personal expenses. The United States Securities and Exchange Commission (SEC) has charged Eran Eyal, the founder Shopin, with orchestrating a fraudulent initial coin offering (ICO). In a press release on Dec. 11, the SEC alleged that the businessman and his company defrauded hundreds of investors in an ICO that raised more than $42 million from August 2017 to April 2018. According to the SEC, Shopin’s actions constituted an unregistered securities offering of Shopin Tokens. Eyal told investors he…

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ConsenSys Is Shutting Down Offices in India and the Philippines

ConsenSys founder Joseph Lubin has reportedly informed teams in India and the Philippines that their offices would be closing down. Consensys founder Joseph Lubin has informed teams in India and the Philippines that their offices will be closing down. Consensys confirmed to Cointelegraph that local offices in India and the Philippines would indeed be shut down and that 11 employees are being laid off. A spokesperson for ConsenSys said: “A total of 11 roles were eliminated in India and the Philippines due to a realignment of the sales and services…

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Waves To Launch Blockchain-Agnostic Interoperability Protocol

Russian blockchain platform Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue. Open-source blockchain platform Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue. It will also operate as a data oracle, feeding data from the outside world to the blockchain. Sasha Ivanov, founder of Waves platform and Waves Enterprise, announced the new project on Dec. 11 at the Waves Meetup in Berlin.  Trying to decide the problem of blockchain interoperability Gravity Hub is essentially a blockchain that doesn’t have any tokens, but that…

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