Bitcoin News scam News

Australian Securities and Investments Commission Officially Warns Against OneCoin

The Australian Securities and Investments Commission (ASIC) has warned the public that crypto project OneCoin “could be involved in a scam,” according to a notice released on May 28. The Australian financial regulator has issued an official warning against OneCoin, the entity operating under website onecoin.eu, urging the public to not deal with this company as it is not licensed in Australia. […]

Bitcoin News scam News

German Watchdog Warns Public About Alleged Hiring by Crypto Exchange CoinBene

The Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, has issued a public warning about cryptocurrency exchange CoinBene on May 28. The watchdog says that CoinBene has been recruiting freelance crypto traders who get paid on commission. BaFin states that since crypto assets are financial instruments, trading them requires authorization under Germany’s Banking Act, or Kreditwesengesetz (KWG). BaFin states that CoinBene is […]

Bitcoin News

Barclays Leads $5.5 Million Funding Round for Blockchain-Based Invoice Exchange

United Kingdom-based international bank Barclays and technology investment firm Bold Capital Partners have led a $5.5 million funding round for fintech firm Crowdz’s blockchain-based global invoice exchange, according to a press release on May 28. According to the report, the blockchain-based technology will purportedly make invoice processing more efficient by digitizing and automatizing what are traditionally manual processes. The technology also […]

Bitcoin News

Kenetic Co-Founder: Bitcoin to Trade at $30,000 by Late 2019, Regardless of Bitcoin ETF

The co-founder at Hong Kong-based blockchain investment firm Kenetic has predicted that bitcoin (BTC) will rally as high as $30,000 by the end of 2019. Kenetic Capital’s Jehan Chu provided his stance on major issues around bitcoin in an interview with “Bloomberg Markets: Asia” published on May 28. According to Chu, bitcoin will continue its bullish direction along with the rest of crypto market in […]

Bitcoin News

Bitwise White Paper: Fake Trading Volumes by Exchanges Do Not Impact BTC Prices

American crypto investment manager Bitwise released a paper claiming that fake trading volumes by crypto exchanges do not impact bitcoin’s (BTC) price. Released on May 24, the white paper is an extended version of Bitwise’s March presentation alleging that 95% of volume on unregulated exchanges is fake. Published on the official website of the United States Securities and Exchange Commission (SEC), the new white paper is based […]

Bitcoin News

BitMEX Operator Firm Donates to MIT to Conduct Crypto, Bitcoin-Related Research

The owner and operator of cryptocurrency exchange BitMEX has donated to the Massachusetts Institute of Technology (MIT) to conduct cryptocurrency-related research, according to an announcement published on May 28. HDR Global Trading Limited has made a donation to the MIT Digital Currency Initiative (DCI), the objective of which is to conduct the research necessary to support the development of digital […]

Bitcoin News

South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance. According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of around 219 million South-Korean won ($185,000). South Korea LocalBitcoins Weekly Trade Volumes […]

Bitcoin News

Major Bitcoin Accumulation Was Underway by Big Money During Crypto Winter, Analysts Say

The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip. The analysis was published in a new report from weekly crypto outlet Diar on May 28. Diar’s analysis begins by comparing bitcoin’s distribution landscape today with data […]