Bitcoinist News

QuadrigaCX Update: ‘Dead’ CEO Cotten Embezzled Funds For Years

 The latest court-ordered report into the QuadrigaCX scandal arrived yesterday with some pretty damning claims of fraudulent activity. These include founder and CEO, Gerald Cotten, embezzling customer funds to margin trade (badly) on other exchanges for years. Another Fine Mess The cryptocurrency landscape is no stranger to misdeeds, transgressions, and scandal. But even amongst this …

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Facebook’s Libra Will Primarily Be Used to Buy Bitcoin, Says Fundstrat

There has been no shortage of opining over Facebook’s foray into crypto this week. Most industry heavyweights are in agreement that Libra is about as far from bitcoin as the greenback is, but the new digital offering will have an impact on the crypto scene, and it may not be that bad. So What Do …

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Bigger Than Russia – Bitcoin Now 8th Largest World Currency

Still think Bitcoin is a passing fad? Here’s a news flash for you. At $8,940, it’s bigger than Russia’s monetary base. That makes Bitcoin the eighth largest currency in the world. And the price keeps on climbing… Which Countries Have the Biggest Monetary Base in the World? The answer might surprise you. Check out the …

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Japanese Watchdog Reports 69% Spike in Cryptocurrency Complaints

Japan’s consumer protection watchdog reports an increase in the number of inquiries submitted by cryptocurrency traders in 2018. More Consumer Queries About Cryptocurrency in 2018 In its report, the Japanese Consumer Affairs Agency (CAA) revealed that cryptocurrency-related queries totaled 3,657 cases. This figure constitutes a 69% spike from 2017’s figures which amounted to 2,166 cases. …

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CME Bitcoin Institutional Interest Hits New Record – Up 80% YOY

CME Bitcoin futures reached a record all-time of 5,311 contracts or $250 Million this week, as new Institutional money flows into the Bitcoin derivative market. The Importance of Institutional Money According to a recent tweet from one of the world’s largest Bitcoin derivatives marketplace, the number of open BTC1! contracts reached a record $250 Million …

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Facebook’s ‘Cryptocurrency’ Libra Finds Love In China

Despite overarching suspicion in the west, Facebook’s Libra ‘cryptocurrency’ does seem to be finding some love in China. Facebook Launches A Titanic White Elephant So Facebook’s much-vaunted ‘cryptocurrency, Libra, launched with great fanfare yesterday, but left many feeling decidedly unimpressed. The (rather clumsy) website crashing just moments after launch was just the icing on a well-stacked …

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KuCoin Becomes First Major Crypto Exchange To List Rival Binance Coin

Cryptocurrency exchange KuCoin has become the first in the industry to host the in-house token of a competitor trading platform, Binance. KuCoin: Exchanges Have ‘Same Objective’ Announced on June 18, KuCoin now provides trading support for Binance Coin 00, the native asset of exchange Binance. Binance Coin (BNB) is now on KuCoin. Supported trading pairs …

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BitMEX CEO Says He’ll ‘Wipe the Floor’ With Bitcoin Hater Nouriel Roubini

The CEO of the world’s cryptocurrency exchange has said he will “wipe the floor” with economist and notorious Bitcoin bear Nouriel Roubini next month. Hayes: Roubini’s Bitcoin Arguments Going Down Confirming his participation in a debate with the fiat veteran, BitMEX CEO Arthur Hayes laid down the gauntlet ahead of time, promising to stand up …

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Ethereum Still Down 83% From ATH Begs the Question: When Altseason?

The world has been wrapped up with Facebook’s foray into crypto this week but bitcoin is still the undisputed king. Holding a market dominance of over 57%, BTC is rapidly reducing the gap back to its all-time high while most of the altcoins including Ethereum are still attempting to thaw from the crypto winter. The …

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Automatic Bitcoin Micropayments Are Coming to Lightning Network

With the introduction of Joule Allowances, the Bitcoin network takes one step closer to achieving its potential for automated micropayments and ‘streaming money.’ Joule Allowances Enables BTC Auto-Micropayments Since its inception, Bitcoin has been trying to live up to its promise of being an enabler of frequent, low-value, instant payments. However, this is difficult to …