Tag: Business

Businesses That Integrate Crypto Payments See 300% Gain in Returns, Says BitPay

Businesses That Integrate Crypto Payments See 300% Gain in Returns, Says BitPay

Popular crypto payments platform BitPay recently revealed a study on the effectiveness of integrating crypto payment options with traditional e-commerce conducted by Forrester Consulting, a business analytics and research firm. Based on its press release, the report found that merchants which have utilized BitPay on their platforms saw an average increase of 327% on investment […]

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KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

KuCoin 2020 Hack Culprits Found; $200 Million in Assets Recovered Thus Far

KuCoin’s hack and the resulting hundreds of millions worth of assets that were put at risk have rattled the crypto community since news first broke over the attack. Since then, the hacker has been attempting to liquidate the funds they have on several decentralized exchanges. Whale Alert, an account which tracks large transactions, previously pointed […]

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Media & Gaming Behemoth Atari’s Token To Go on Sale in November

Media & Gaming Behemoth Atari’s Token To Go on Sale in November

Atari, home to some of the world’s favourite video games such as Pac-man, Space Invaders and online Pinball, has been driving development into the cryptocurrency and blockchain side in the past year with its namesake token. The company has entered several prominent partnerships to strengthen the Atari token ecosystem, and now Atari has announced its […]

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Investors Pull More Than $400 Million in BTC Out of BitMEX

Investors Pull More Than $400 Million in BTC Out of BitMEX

News of the indictment of BitMEX founders and the charges being brought against the Seychelles-registered crypto exchange have left the crypto community completely wrong-footed. As a result, investors have reacted to the news by quickly shifting their funds out of BitMEX to other exchanges in an attempt to safeguard their assets. According to data by […]

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Majority of Crypto Exchanges Have Weak KYC Measures, Says CipherTrace

Majority of Crypto Exchanges Have Weak KYC Measures, Says CipherTrace

The world of cryptocurrency has long been the target of financial regulatory ire without the emergence of decentralized finance (DeFi) projects. This year inarguably goes to the DeFi sector, which has managed to lock in over $11 billion USD worth of assets, but is DeFi adding oil to fire? Blockchain analytic and security firm CipherTrace […]

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CFTC Charges BitMEX in Negligence over Money Laundering Prevention Failure

CFTC Charges BitMEX in Negligence over Money Laundering Prevention Failure

Seychelles-registered crypto exchange BitMEX is currently in hot waters with the Commodity Futures Trading Commission (CFTC). According to Bloomberg, federal prosecutors are accusing BitMEX and its founders Arthur Hayes, Benjamin Delo and Samuel Reed for enabling money laundering and also illegally serving US customers. Prosecutors state that being registered in Seychelles for the cost of […]

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More 2017 ICO Token Sales Bite The Dust – SEC Wins Lawsuits Against Kik & Salt

More 2017 ICO Token Sales Bite The Dust – SEC Wins Lawsuits Against Kik & Salt

The US Securities and Exchange Commission (SEC) has been on a winning streak this year after its major win against Telegram in its 2018 Gram Token sale, which led to the project being shelved permanently. While that battle was going on, Canada-based Kik and crypto loan service provider Salt Lending were facing lawsuits of their […]

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Alpha Finance Lab’s DeFi Ecosystem Unveiled on Binance Launchpad & Launchpool

Alpha Finance Lab’s DeFi Ecosystem Unveiled on Binance Launchpad & Launchpool

Binance announced that it is launching support for Alpha Finance Lab and its products via the exchange’s incubator program, Launchpad, and its newly launched DeFi yield farming protocol Launchpool. Alpha Finance Lab offers a slew of DeFi-related services and the first one highlighted in Alpha Lending, a protocol that runs on the Binance Smart Chain […]

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Grayscale Increases Bitcoin Holdings as 18.5 Millionth Bitcoin is Mined

Grayscale Increases Bitcoin Holdings as 18.5 Millionth Bitcoin is Mined

Grayscale Investments has once again increased its Bitcoin (BTC) reserve holdings. According to analytics platform bybt, Grayscale added 17,100 BTC to its Bitcoin Trust between September 22 to 25. As the largest institutional holder of Bitcoin at present, Grayscale now has just slightly under 450,000 BTC which is worth approximately $4.9 billion. With a total […]

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Twitter to Move Towards Decentralization, Blockchain & Bitcoin, Says Jack Dorsey

Twitter to Move Towards Decentralization, Blockchain & Bitcoin, Says Jack Dorsey

Twitter CEO Jack Dorsey has long been a vocal and huge proponent of cryptocurrency and blockchain. As the world shifts increasingly towards digital finance, Bitcoin in particular is the “global native currency for the Internet”, Dorsey mentioned in his interview with Reuters back on September 10. He affirmed his stance on Bitcoin at the Oslo […]

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