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Search Results for: what is cryptocurrency

Influencer Tone Vays Offered $500k for Unnamed DeFi Promotion

Unnamed Decentralized Finances (DeFi), a current hyped niche in the crypto industry, has offered a trader and Youtuber Tone Vays $500k for promotion. Normally in the crypto industry, the social media platform like Youtube and Twitter holds sponsored content. However, Through this sponsored content influencer will receive payment for promoting

September 3, 2020 1 min read

Bitcoin Expected to Spike Over $55k in 2020, 500 BTC Outflows

Bitcoin(BTC) is on track after four months of halving, it follows a similar graph of 2012-2016 halving, which shows a positive sign.  Investors can be patient and hold Bitcoin Says Plan B creator. “Patience is Virtue” Additionally, Bitcoin the first and top cryptocurrency in terms of market capitalization. It dips

September 2, 2020 2 mins read

Seoul Police Seized South Korean’s Largest Crypto Exchange Bithumb

Bithumb, the largest cryptocurrency exchange in South Korea. It reportedly raided by Seoul Metropolitan Police Agency’s Intelligent Crime Investigation Unit, for a $25 million token sale on its platform. As per the report, the raid was connected to the Chairman of the Board at Bithumb Korea and Bithumb Holdings Lee

September 2, 2020 1 min read

Bitcoin Price Hits $12k Again, Traders are Turning Bullish

Bitcoin (BTC) reached $12k after being rejected at the threshold two weeks ago. Traders are becoming more optimistic that the crypto asset will hold the key level this time. Bitcoin has reached $12k for four times since August 2, 2020, but changing the crucial resistance level to support has been

September 1, 2020 2 mins read

Bitcoin and Its History

The world is becoming ever more contingent on the internet. So it’s no surprise that Bitcoin, a globally secured online version of cash has claimed the interest of investors, but not many shops accept Bitcoin yet and some countries have banned it altogether. Bitcoin is a valuable crypto coin because

September 1, 2020 6 mins read

Bitrue merges CeFi & DeFi – First hybrid crypto exchange

Leading digital financial services platform Bitrue has today announced upgrades to its existing services that will introduce the benefits of Decentralized Finance (DeFi) products to its existing Centralized Finance (CeFi) products. This will allow Bitrue to become the world’s first hybrid exchange, with further pushes into DeFi products planned for

August 30, 2020 2 mins read

South Korean Crypto Exchange Coinbit Seized for $84 M in Wash Trade Allegations

South Korea cryptocurrency exchange Coinbit seized by police for allegedly making false transactions to obtain 100 billion won ($84m). As per the report from Seoul Shinmun, South Korea’s oldest newspaper, police accused Coinbit Owner Choi Mo and other managers for handling multiple accounts, controlling cryptocurrency prices, and raising transaction volume. 

August 29, 2020 2 mins read

Russia’s Top Crypto Exchange Website was Blocked by Telecom Regulator

BestChange.ru, an aggregator of over-the-counter (OTC) cryptocurrency suppliers in Russia, is being blocked by the country’s internet censorship agency, Roskomnadzor. According to the popup announcement on BestChange.ru, the website is still available to the users through VPN or websites like BestChange.net. Website block announcement is made on local social media

August 27, 2020 1 min read

290 Hacks Have Robbed The Crypto Industry Over $13 Billion

According to blockchain security firm Slowmist, hackers have looted the crypto industry of more than $13 billion in 290 different hacks. As the crypto industry grows, the exploits seem to happen weekly either on an exchange, a blockchain, or a crypto wallet. The crypto users and investors must take precautions

August 26, 2020 1 min read

Bitmex Restricts Ontario Residents As Mandated By Candian Regulators

Bitmex, a cryptocurrency derivative exchange will restrict access to users from Ontario, Canada, starting from Sep. 1, 2020, restrictions are mandated by the Ontario Securities Commission (OSC). The Ontario Securities Commission (OSC), an independent Crown corporation,  responsible for regulating the capital markets in Ontario. OSC’s statement comes not long after

August 26, 2020 2 mins read