Bitcoin’s price return ‘stands apart from the crowd’ — NYDIG
Bitcoin is a stand-out asset for its returns compared with other asset classes despite its volatility, says NYDIG.
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South Korea arrests Bitsonic CEO for stealing $7.5 million of users’ money
The Vice President of the crypto exchange would also be put on trial, but without preliminary detention. 22 Total views 1 Total shares The CEO of the crypto exchange Bitsonic, who was under investigation for stealing investments and deposits, was arrested by South Korean police. The Vice President of Bitsonic would also be put on…
Swiss Financial Watchdog Issues Country’s First Crypto Asset Management License
The Swiss Financial Market Supervisory Authority (FINMA) has issued the country’s first cryptocurrency asset management license to a crypto investment fund, Swiss-centered media outlet Swissinfo reports today, Oct. 9.The recipient is Crypto Fund, a subsidiary founded in 2017 by Zug-based Crypto Finance AG. The fund has reportedly until now only been able to distribute offshore-based…
Hamster Kombat Season 2 lets players become CEOs, build game studios
Hamster Kombat teased its new storyline for Season 2 in a newly released trailer for the popular Telegram clicker game.
State-Issued Digital Currencies Can Squeeze Banks, Says South Korea Central Bank
South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. The development was reported in local news outlet Yonhap News Agency, Feb. 7.CBDCs, which are also known variously as state-backed or government-backed digital currencies, involve a blockchain-based version of a country’s fiat…
Safety Check: If Crypto Custodian Fails, Clients May Not Get a Full Payout
A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japan’s Mt. Gox exchange collapse, and more recently with the failure of Italy’s BitGrail exchange. Thus, it could happen again. Indeed, the paper implies…
Netflix announces new series on Bitfinex hack involving 120,000 Bitcoin
The Netflix documentary will be about a New York-based couple and their link to laundering nearly 120,000 BTC tied to the crime. 198 Total views 25 Total shares Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756…
A ‘snap back’ to $20K? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the last week of February in a volatile mood as a crucial area of resistance fails to break.After a classic “fakeout” during low-volume weekend trading, BTC/USD is back below $25,000 with bulls still lacking momentum. The largest cryptocurrency saw what looked like the next stage of its 2023 recovery last week, making…
UK Financial Watchdog Retracts Kraken Warning, but BitMEX Caution Stays Up
A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with online scammers — but a similar warning about BitMEX remains active.On March 3, the United Kingdom Financial Conduct Authority (FCA) published a notice on its website cautioning citizens that the second-largest U.S. cryptocurrency exchange by volume, Kraken, is…