Bankrupt Crypto Exchange QuadrigaCX’s Investors Request Founder’s Postmortem

Bankrupt Crypto Exchange QuadrigaCX’s Investors Request Founder’s Postmortem

The death of the founder of the now-defunct Canadian crypto exchange QuadrigaCX, Gerald Cotten, earlier this year has resurfaced in the news as Miller Thomson LLP has requested the Royal Canadian Mounted Police to conduct postmortem autopsy on the body. Legal representatives of consumers of the bankrupt cryptocurrency exchange have requested the police and other associated authorities to exhume the body of the deceased founder of the Canada-based crypto company. Lawyers have called for the…

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China Still Rules the Crypto Mining Landscape with 66% of Global Hashrate

China Still Rules the Crypto Mining Landscape with 66% of Global Hashrate

The role that China plays in the crypto ecosystem is one that would take a whole lot to replace. New data reveals that despite casting out all forms of crypto activities, China is still the primary home to crypto mining. Statistics from a new CoinShares report show that China is the country that holds the largest share of hashrate across the globe. Hashrate is necessary for producing new digital coins. With China holding over 60%…

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Over 40% Decline in Canaan’s Stock Price due to Stagnant Bitcoin Price

Over 40% Decline in Canaan’s Stock Price due to Stagnant Bitcoin Price

In a flip flop scenario, the China-based crypto mining hardware manufacturer Canaan Creative has suffered a sharp decline in its stock price amid a consistent wave of pressure on the price of Bitcoin. On November 21, the first day the company began being traded on the NASDAQ, Canaan’s stock was priced at almost $9; however, the stock’s closing price on December was at around $5.24. Hence, in only a few weeks span, the price of…

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ECB President Calls for Clear Objectives of its Digital Currency by Next Year

ECB President Calls for Clear Objectives of its Digital Currency by Next Year

The European Central Bank President, Christine Lagarde, addressed the ECB’s top brass, saying that the bank needs to outline the objectives of its upcoming cryptocurrency project before the development and the technical process begins, at a conference on Thursday. The European Central Bank is expected to have a thoroughly detailed set of objectives for its digital currency, by the middle of next year. Lagarde raised some questions for the ECB at the conference about the…

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Russian Popular Darknet Marketplace Hydra to Raise Capital via ICO

Russian Popular Darknet Marketplace Hydra to Raise Capital via ICO

Hydra, Russia’s world famous darknet marketplace, has set itself a target of raising $146 million through initial coin offering (ICO) in a bid to expand its reach globally. Hydra released an investment memorandum on its darknet website where it revealed its plans for raising money for a global expansion. According to the document, the first phase of the ICO will be initiated on December 16. The crypto token in question will be priced at $100…

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$300M Lawsuit Filed Against Crypto Exchange BitMEX for Concealing Investor’s Equity

$300M Lawsuit Filed Against Crypto Exchange BitMEX for Concealing Investor’s Equity

One of the most prominent cryptocurrency exchanges, BitMEX, is being sued for $300 million after it allegedly did not meet its equity and stiffed an investor. According to the lawsuit filed against the crypto company by Frank Amato and RGB Coin Ltd., who were one of the first seed investors of BitMEX back when it had started in 2015, they will now be pursuing action against the company and its CEO, Arthur Hayes. The details…

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No Confidence Vote: Weiss Crypto Ratings Downgrades EOS From A to C

No Confidence Vote: Weiss Crypto Ratings Downgrades EOS From A to C

Like a good student gone rogue, it seems that the cryptocurrency EOS (EOS)trade is losing laps compared to its buddies at the top of the crypto chart. Weiss Crypto Ratings – the crypto firm known for playing the role of a teacher who grades her students – released yet another scoring board on Twitter for the final quarter of 2019, which saw EOS slumped from B to C. You will recall that the esteemed virtual…

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Nike Receives Approval for Patent of Blockchain-Enabled Sneakers ‘CryptoKicks’

Nike Receives Approval for Patent of Blockchain-Enabled Sneakers ‘CryptoKicks’

Nike has recently become a patent holder for a new and innovative sneakers called ‘CryptoKicks.’ CryptoKicks use blockchain technology to attach digital assets such as cryptocurrency to a material product. They are the up and coming vision for Nike as the popularity of cryptocurrency grows in developed nations. In addition to storing digital assets, the new sneakers will also make use of blockchain technology to ensure a safety measure to verify the validity of the…

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Billionaire Mark Cuban: Bitcoin Is “Too Difficult to Use, Too Easy to Hack”

Billionaire Mark Cuban: Bitcoin Is “Too Difficult to Use, Too Easy to Hack”

During a conversation with Forbes, the billionaire owner of the NBA team Dallas Mavericks Mark Cuban expressed his concerns about this new class of digital assets and why he believes Bitcoin(BTC)trade and crypto at large wouldn’t make it as the generally accepted form of payment in the coming years. “Not because it can’t work technically, although there are challenges, it could,” Cuban explains, “but rather because it’s too difficult to use, too easy to hack,…

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Crypto Payment Provider BitPay Adds USDC, GUSD, Paxos; Tether Is Still Out

Crypto Payment Provider BitPay Adds USDC, GUSD, Paxos; Tether Is Still Out

The crypto payment provider BitPay has enhanced its payment processing systems to include 3 more stablecoins which are Circle’s USD Coin (USDC)trade, Gemini Dollar (GUSD), and Paxos Standard Token (PAX). Tether (USDT), the most popular stablecoin by huge margins (and occasionally even the most traded cryptocurrency by volume), is still out. The total count of the digital currencies that are now supported by the company is six. The number comprises of the popular cryptocurrencies Bitcoin(BTC)trade,…

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