6 ‘fat-finger’ mistakes that hit crypto holders in the wallet

Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from Bloomberg on Sept. 6. This suggests that investors are using the digital currency as a hedge against the yuan’s falling value.Bitcoin/CNY correlation chart. Source: Bloomberg Weakening yuan causes price premium on bitcoin in ChinaFurther evidence that…

The company says users' losses will be 100% reimbursed by mid-March. 318 Total views 12 Total shares Own this piece of history Collect this article as an NFTAccording to an official Telegram statement on March 1, Singaporean cross-chain crypto wallet developer BitKeep says it has reimbursed 50% of user assets lost during a security breach…

The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume.CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People's Republic of China, announced the release of…

BitMEX continues to field major criticism and even anger from traders who lost huge amounts of money in a flash crash involving altcoin XRP. The crash, which occurred at 14.00 UTC on Feb. 13, saw XRP/USD fall 60% from $0.33 to just $0.13 — for two seconds.XRP crashes on BitMEX In that time, traders complain, measures designed…

Research indicates a secure, biometrically verified digital twin will need to be developed in order for the metaverse to work.

Judge didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share value, created by mutual faith in it. 617 Total views 5 Total shares Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in…

Major Spanish bank Santander is reportedly ceasing to enable United Kingdom customers to deposit their fiat funds to major cryptocurrency exchange Coinbase. An unverified source posting to Reddit on Aug. 14 claims to have been informed of the development over the phone by a  Santander representative.“Isolated to Coinbase,” not crypto in generalThe source alleges that having…

Crypto-powered election futures have seen a wild 24-hours of trade, with decentralized platforms Augur and Polymarket posting record volumes. 1206 Total views 21 Total shares The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets.Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by…

Two Canadian men who defrauded a Bitcoin (BTC) investor out of $140,000 by impersonating exchange HitBTC may serve two years in prison.According to court records on Dec. 16, brothers Jagroop Singh Khatkar and Karanjit Singh Khatkhar pled guilty to charges of conspiracy to commit wire fraud over a scam carried out via Twitter in July…