Mt. Gox moves $9.6B worth of Bitcoin. Are creditors now being repaid?
The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline.
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Singapore Appeals Court Rejects Quoine Appeal in Landmark Crypto Ruling
In the country’s first legal dispute involving cryptocurrency, the Singapore Court of Appeals has ruled that virtual currency exchange Quoine must pay damages to electronic market maker B2C2. The damages are for seven transactions that were wrongfully reversed on the platform during April 2017.According to The Straits Times on Feb. 24, the court dismissed Quoine’s…
CFTC reportedly investigating decentralized prediction platform Polymarket
Polymarket is believed to have hired CTFC enforcement head James McDonald to handle the probe. 886 Total views 8 Total shares New York-based decentralized prediction market Polymarket has come under investigations from the United States Commodity Futures Trading Commission (CFTC).According to an Oct. 23 report from Bloomberg citing anonymous sources, the CFTC is investigating whether…
Canadian police warn crypto investors on growing home robbery trend
Perpetrators have impersonated delivery drivers in order to break into the homes of victims to steal cryptocurrency. 219 Total views 7 Total shares A Canadian police department has issued a public warning of a possible trend where high-value cryptocurrency investors are being robbed in their own homes.On July 19, the Royal Canadian Mounted Police (RCMP)…
UAE regulators approve crypto trading in Dubai free zone
Dubai authorities continue driving more adoption to the cryptocurrency industry by pushing more regulatory approvals. 3069 Total views 126 Total shares Financial regulators in the United Arab Emirates have reached an arrangement to officially allow and support cryptocurrency trading in an economicfree zone in Dubai.The Dubai World Trade Centre Authority (DWTCA) announced Wednesday that it had…
3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance
Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels.BTC/USD daily chart. Source: TradingView.comUnlike the previous rallies which saw Ether (ETH) lead the…
Bitcoin price at risk of $30K retest following bearish triangle breakdown
Bitcoin’s (BTC) price looks poised to retest $30,000 as traders continued to pull back from upside bets on a spell of a bearish technical pattern. Dubbed as a Symmetrical Triangle, the structure forms when an asset fluctuates between two converging trendlines. In doing so, the asset rebounds after testing the Triangle’s lower trendline as support…
Crypto Future of E-Commerce Is in the Hands of Asian Players
On Sept. 14, the blockchain investment arm of United States-based e-commerce Bitcoin pioneer Overstock announced that the retailer’s clients can now purchase the cryptocurrency directly from its website. It became possible after its subsidiary Bitsy began a beta launch of its cryptocurrency wallet and exchange, marking another step in Overstock’s rich relationship with Bitcoin.However, although…
Customs Agents Seize Crypto Mining Units Smuggled Out of Mongolia
The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia.Crypto mining equipment confiscatedOn Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle the mining devices with fans and connected microcircuits across the Russia-Mongolia border into Russian territory.The custom services explained that the…