Tech

On 27th September, a twitter account named under the Breach reported that the Kucoin hacker just started laundering his $ 150 million. The tweet said that the hacker started swapping his $OCEAN for Ethereum through Uniswap, pulling the token’s price down by around 4%, in less than an hour. In response to @Under the Breach, another twitter user named Larry Cermak corrected the information given. Cermak pointed out that the hacker is yet to begin laundering his $ 150 million…

Grant Thornton, the liquidator of the now-defunct cryptocurrency exchange, Cryptopia, announced today that it expects to open a claims registration process by the end of the year. In May 2019, Cryptopia lost NZD 30 million worth $17.85 million at the time, after a hack that caused its liquidation. Cryptopia account owners filed a lawsuit, which they won, further earning great rewards from it. They have priority over Cryptopia’s creditors when it comes to getting back their lost crypto. Currently, they are…

IOTA posted on Twitter on August 10, about delivering an upgrade of the Chrysalis mainnet in the coming week. As per the tweet, IOTA 1.5 update means an entirely new experience for users utilizing the IOTA network now. In the past, users were a bit skeptical about IOTA’s successes considering the delay of this scheduled upgrade. However, user's agree that this excellent step into achieving the set goals by the IOTA Foundation was worth the wait. What Users Can Expect…

A financial scandal has rocked Germany’s fintech domain, as Wirecard is allegedly involved. Mark Kristopher G. Tolentino is allegedly behind this, as he is known as Trustee 2 for being the manager of the money. Nonetheless, Tolentino is clearly not responding to the allegations. A mainstream German daily said Tolentino opened 6 accounts for Wirecard with the Bank of the Philippine Islands (BPI) and BDO Unibank following his appointment as trustee late last year. It was reported that he deposited a sum of…

China wants to go global over its quest for cryptocurrency predominance as it has proposed a digital currency that would be based on a basket of currencies including the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar. The proposed pan-Asian digital currency is planned by the private-sector to rival Facebook’s Libra and challenge the USD’s supremacy. A report by the Nikkei Asian Review on June 14 noted that the proposed digital currency is backed by China. The plan to create an…

In Europe, the focus has turned to cryptocurrency companies due to the discovery of the continent’s biggest-ever dirty-money ($220 billion) scandal in Estonia. Estonia has been clamping down on the companies towards the prevention of financial crime. This is due to allegations that billions of dollars of illegal cash flowed through the local unit of Denmark’s largest lender Danske Bank A/S. One of the steps taken by the government of Estonia is the withdrawal of permits from several cryptocurrency firms. The government focuses on firms that exchange…

Another cryptocurrency has been assigned an emoji on Twitter and it is not ETH, USDT, XRP or any other top cryptocurrency as numerous individuals were anticipating ETH to get it following BTC. The new Twitter emoji was assigned to cryptocurrency payments platform Crypto.com. Anytime anyone types the hashtag #CRO, the emoji will appear automatically. This makes the firm’s native cryptocurrency the second coin to be assigned an emoji on Twitter following BTC. However, what makes this feature worthwhile is the…

In recent times, the Bitcoin (BTC) markets incurred volatility that led to the liquidations of long and short positions which affected both buyers and sellers remarkably. It is such that there was about $223 million in 24-hour margin calls on BitMEX platform being evenly spread between Bitcoin shorts and longs. As at press time, long positions liquidated were worth somewhat more than $111.5 million, while short positions worth $111.3 million. Long positions represent 50.04 percent of the total liquidation, while…

Leading financial services platform Bitrue has lowered the interest rate on their loan service to 5.84% This announcement is in line with Bitrue's mission to level the financial playing field by offering liquidity and improved rates on crypto loans The company is committed to function as a one-stop platform for crypto services On June 2, 2020, Singapore-based exchange Bitrue announced the launch of its latest crypto lending service that allows users to pledge their cryptocoins to receive loans in BTC,…