Bitcoin Cryptocurrency News

South Korean Bitcoin Exchange Bithumb Reportedly Raided by Police

The popular Bitcoin exchange Bithumb in South Korea has reportedly been raided by the authorities. This happened because of fraud allegations. Bithumb Accused of Fraud by South Korean Police According to a report by a local news outlet, the Intelligent Crime Investigation Unit of the Seoul Police authorities raided South Korea’s largest cryptocurrency exchange Bithumb. Read more…

Cryptocurrency News

Trader: Bitcoin Looks Almost Exactly as It Did Prior to an 80% Rally in 2019

It’s been a tough past day for Bitcoin. Just a little more than 12 hours after the cryptocurrency crossed $10,000 for the first time in weeks, BTC’s price tanked. As reported by Bitcoinist previously, saw a mass liquidation event on derivatives platforms that took Bitcoin as low as $8,600 on BitMEX. For BitMEX in specific, BTC Read more…

Blockchain Cryptocurrency News Ripple

US Congress Mentions XRP and Ripple During Tech Discussion

The US congress had a hearing about non-cash payment technologies yesterday. During the discussion, Tom Emmer, the Chair of the National Republican Congressional Committee, mentioned Ripple (XRP) among several other cryptocurrencies. Ripple Fans Get Excited [embedded content] US representative Tom Emmer of Minnesota’s 6th District addressed a panel of payments industry leaders yesterday at the Read more…

Bitcoin Cryptocurrency News

Germany To Issue Crypto Regulations On January 1 2020

The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation Read more…

Altcoin Cryptocurrency News

VeChain Loses 1M Coins from Compromised Buyback Wallet 

The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost Read more…

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Binance Cryptocurrency News

US Court Dismisses $150M Lawsuit Against Cryptocurrency Derivatives Exchange

The U.S. court has reportedly dismissed the law case for $150 million against the popular cryptocurrency derivatives exchange, FTX. The initial reasoning behind the lawsuit was market manipulation and unlicensed securities sales, but the court has not found any solid grounds to continue with the lawsuit. Cryptocurrency Exchange FTX Exonerated Earlier this year, the cryptocurrency Read more…

Bitcoin Cryptocurrency News

Bakkt Futures Traders Avoid Physical Bitcoin Delivery

The hope that Bakkt futures traders would seek out physical delivery settlement to become Bitcoin (BTC) holders may be unfounded. So far, futures traders prefer to roll over their contracts before expiration. Bakkt Traders Roll Over and Refuse BTC Delivery The Bakkt platform physical settlement BTC product arrived with the hopes of turning institutional and Read more…