Bitcoin speculators sit on 93% unrealized losses after $365M 'wipeout'
Bitcoin futures liquidations leave market newcomers licking their wounds after a giant BTC price drawdown.
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Alibaba to ban crypto miner sales amid Chinese crackdown
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties. 469 Total views 3 Total shares Chinese e-commerce giant Alibaba is the next company to wrap its cryptocurrency-related services in response to the ongoing crypto crackdown in China.Alibaba officially announced Monday that its platform will prohibit…
Stablecoins on Bitcoin coming soon, says Lightning Labs CEO
Elizabeth Stark unpacked the basics of Bitcoin Lightning at FT Live’s Crypto summit and teased a new development on Bitcoin’s leading layer 2.
Finance Redefined: If it ain’t broke, don’t fix it? Jan. 6–13
Finance Redefined is Cointelegraph's newsletter focusing on the latest events and trends of DeFi, delivered to subscribers every Wednesday.This week I wanted to highlight Andre Cronje’s recent confession on Medium, which triggered a fair bit of discussion and quite a bit of salt from Uniswap team members. This particular spat occurred because he complained about…
Korean crypto exchange Upbit to halt withdrawals for unverified users
Major South Korean crypto trading platform Upbit will start gradually limiting services for unverified users this week. 339 Total views 4 Total shares South Korean cryptocurrency exchange Upbit will soon halt services for unverified users.On Saturday, the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money…
Central Banks to Meet With Libra Founders in Switzerland on Monday
Officials from the European Central Bank (ECB) and 25 global central banks will meet with Libra to assess the financial stability risks of the project.Central bank forum to challenge LibraOn Sept. 16, Libra representatives will meet with the Committee on Payments and Market Infrastructure (CPMI), a part of the Bank of International Settlements (BIS), in…
Israeli Bank Policy Should Not Have Shut Down Bitcoin Mining Firm’s Account, Court Rules
An Israeli court has ruled in favor of a Bitcoin (BTC) mining company after a local bank closed its account over money laundering concerns. Israeli daily business news outlet Calcalist reported the development on March 17.Israminers, which sued Bank Igud (the Union Bank of Israel Ltd.) in May 2018, had faced problems with cash flow…
Amazon-Owned Twitch Quietly Brings Back Bitcoin Payments
Amazon-owned, leading game streaming platform Twitch has enabled bitcoin (BTC) and bitcoin cash (BCH) payments again, Cointelegraph Brazil reports on June 25.As Cointelegraph reported at the time, in March Twitch quietly removed bitcoin and bitcoin cash as payment options for subscriptions by removing Bitpay as a payment method. Per the report, Bitpay has been enabled…
Crypto Investor Names Primary Suspect in $24 Million SIM Swapping Case
A 21-year old American has been accused of stealing millions of dollars in crypto via a method known as SIM swapping, according to a press release shared with Cointelegraph Jan. 17.As reported, plaintiff Michael Terpin — a long-time blockchain and crypto investor — first filed a lawsuit against AT&T last August, accusing the firm of…