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QuadrigaCX Co-Founder’s Prior Convictions Exposed

QuadrigaCX Co-Founder’s Prior Convictions Exposed

More information related to the closure of QuadrigaCX has been revealed, notably implicating the exchange’s co-founder Michael Patryn as a convicted criminal. Patryn founded the Canadian cryptocurrency exchange with the recently deceased Gerald Cotten, although it is now known the former was found guilty in several criminal cases in the US, including one instance involving identity theft. The investigative report published by Bloomberg …


Nasdaq, Bloomberg, Reuters List CoinMarketCap Crypto Indices

Nasdaq, Bloomberg, Reuters List CoinMarketCap Crypto Indices

A number of major financial data feeds will now list two cryptocurrency benchmark indices provided by CoinMarketCap, as revealed in a blog post by the crypto markets monitor today. The platforms involved in the launch include Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon and Germany’s Börse Stuttgart. The first index has been dubbed CMC Crypto 200 Index (CMC200), …


Bitcoin Hash Rate Hits 4-Month High, Sparks Optimism

Bitcoin Hash Rate Hits 4-Month High, Sparks Optimism

Bitcoin’s hash rate has reached the highest levels seen since November 2018. The increase in mining power suggests profits available at the current spot price as well as potentially expectations for a future price increase. Surpassing 52 quintillion hashes per second Tuesday 19 March, mining difficulty has changed little for the last month or so, meaning new miners have had an …


Exclusive: How a Local Startup Was Instrumental in Pakistan’s Decision to Legalize Crypto

How a Local Startup Was Instrumental in Pakistan's Decision to Legalize Crypto (2)

Pakistan’s own national celebrity and humanitarian Wakar Zaka has told Bitcoin News that his project, TenUp, played a key role in both informing the government about the technology and rousing a significant pressure group among the country’s population in favor of cryptocurrency legalization. Pakistan’s Finance Minister Asad Umar has issued a recommendation to legalize cryptocurrency trading and business in the country. …


BitcoinNews.com Bitcoin Market Analysis 20th March 2019

BitcoinNews.com Bitcoin Market Analysis 20th March 2019

During the past four days, price traded in a narrow 2% corridor between the prices of $4,040–4,120. Today, buyers have decided to try to break through this consolidation. However, this attempt was not supported by a sufficient number of volumes. This is quite clear in comparison with the attempt to break through the global triangle on 16 December: However, sellers …


BitcoinNews.com Bitcoin Market Analysis 17th March 2019

BitcoinNews.com Bitcoin Market Analysis 17th March 2019

Buyers are approaching the liquid zone, in which sellers with great desire begin to sell. When the price touched the trend line, the volumes increased and the pins appeared. Also, this price zone coincides with the upper trend line of the triangle, where the price is traded from November 2018. One more week ended where the buyers decided to check …


SEC Announces Second Forum on Crypto and Blockchain

SEC Announces Second Forum on Crypto and Blockchain

The United States’ Securities and Exchange Commission is set to launch its second public forum on cryptocurrency and blockchain on 31 May. The forum held in conjunction with the SEC’s Strategic Hub for Innovation and Financial Technology (FinHub) has caused the industry to speculate if major changes in regulation are being considered by the regulatory body. Until now the SEC …


Bank Of Mexico Further Complicates Its Crypto Rules

Bank Of Mexico Further Complicates Its Crypto Rules

Mexico’s Central Bank has published new crypto related rules which has left many industry players confused as to the ramifications of the new provisions. The new rules which were published by the central bank in the federations official gazette before the weekend stated that the Bank of Mexico (Banxico) “stipulated that they wouldn’t authorize any cryptocurrency to be offered by …


FIO Study: 60% of Crypto Users Still Uncomfortable Making Payments

A recently published independent study claims that 60 percent of crypto users are “still scared to make a Bitcoin payment.” The study was conducted by the Foundation for Interwallet Operability (FIO) self-described as a “decentralized, open-source blockchain protocol that makes it easier and less risky to move blockchain tokens & coins from one address to another.” The FIO asserts that …


Coinbase Moves with Cold Storage Trading via Custody Service, OTC Desk

US cryptocurrency exchange giant Coinbase has just announced that it plans to combine its custody service with its newly launched over-the-counter (OTC) desk in order to facilitate cold storage trading. The move is partly a response to requests by Coinbase customers who have been pushing for cold storage trading since the recent launch of the OTC desk, mainly in order …


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