Month: October 2020

Suit Alleges BitMEX Chiefs ‘Looted’ More Than $440M From Exchange After Finding Out About Probes

October 31, 2020

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Oct 31, 2020 at 21:46 UTCUpdated Nov 1, 2020 at 13:15 UTC Arthur Hayes, CEO of HDR and BitMEX, at CoinDesk Consensus 2018.(CoinDesk archives) Suit Alleges BitMEX Chiefs ‘Looted’ More Than $440M From Exchange After Finding Out About Probes The top officers of HDR, the parent company of crypto trading platform BitMEX, which has been […]

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Sleepy Swiss town launches Tezos-backed Coronavirus aid program

October 31, 2020

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The town of Wetzikon will be using blockchain tech for targeted local business aid 14773 Total views 120 Total shares On Friday the Swiss town of Wetzikon — formerly best-known for its idyllic pastures and churches — launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at […]

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MicroStrategy’s bottom line gets beefier on Bitcoin moves: Bad crypto news of the week

October 31, 2020

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It’s been another strong week for Bitcoin. The dollar price is up about 2.5 percent over the week, although that’s still something of a decline from its recent high above $13,400. At one point, Bitcoin fell 4 percent in 24 hours. But bulls remain optimistic and see the price advancing towards $20,000, possibly as early […]

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US Banks May Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says

October 31, 2020

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Oct 31, 2020 at 17:54 UTC Decentralized finance is “the most interesting thing happening in crypto,” says acting OCC head Brian Brooks. He wants to assess how new tools can be used to strengthen the banking system. (Credit: Coinbase) US Banks Could Seek to Partner With or Buy Crypto Custodians, OCC’s Brooks Says U.S. banks […]

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Bitcoin reaches $14K for the first time since January 2018 — what’s next?

October 31, 2020

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Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin […]

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0x charts path towards cross-chain asset exchange and liquidity aggregation

October 31, 2020

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The interoperability protocol seeks to expand beyond Ethereum and create cross-chain functionality 9493 Total views 59 Total shares In a blog post on Friday, 0x Labs product manager Theo Gonella laid out the protocol’s ambitious plans to direct development towards a promising, if technically tricky horizon for permissionless exchange: seamlessly connecting the growing constellation of […]

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Former Google lawyer joins spate of high-profile attorneys entering crypto

October 31, 2020

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On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches. […]

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The crypto compliance lie: Sacrificing privacy does not make us safer

October 31, 2020

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In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN Files” demonstrate that even large banks that collect and report vast troves of suspicious transactions are not […]

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Crypto Is Less Scary Than Halloween

October 31, 2020

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Oct 31, 2020 at 14:31 UTC (Łukasz Nieścioruk/Unsplash) Crypto Is Less Scary Than Halloween It’s October, and if you’re at all like me you’re listening to ghost story podcasts, watching scary movies and jumping whenever things go bump in the night. When I tell people that I work in cryptocurrency, people often ask me questions […]

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Happy birthday dear Bitcoin: Crypto’s first white paper turns 12

October 31, 2020

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Has it only been a dozen years since Oct. 31, 2008, that Satoshi Nakamoto published a modest nine-page paper describing a new online payments system called “Bitcoin?” Depending on where one stands, that pseudonymous white paper — its author(s) remain unidentified — fostered either a fintech revolution or, as some believe, “the greatest scam in […]

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