Brazil’s authorities arrested 10 people for running a pyramid scheme involving cryptocurrencies worth BRL 850 million (around $ 210 million) after a massive search and seizure operation.Local news media outlets reported on May 21, including Correido Do Povo. Operation Egypt was the name of the operation which is to find and arrest these scammers and was performed on May 21st. The local ….
According to report by Chinese newspaper today, two over – the-counter (OTC) traders from China were charged with running an illegal Bitcoin (BTC) loan scheme which involves the collecting of bitcoin with promising interest rates on deposits. Based on the report by Beijing News on Wednesday, a group of 20 OTC traders in China filed a complaint to police in Hangzhou City in mid-April alleging that the two individuals, Yi Zhou and Xiang Li, had lured traders with an interest promise on their bitcoin deposits. According to the report, Li and Zhou controlled chat groups on messaging app WeChat used by OTC traders to post bids and ask prices for multiple cryptocurrencies including bitcoin, which is usually referred to as “pancake” to avoid government agencies censorship and monitoring. The investors became suspicious when, since April, the interest paid in yen stopped being deposited in their account. It has been reported that the two traders have managed to gain investors ‘ trust ….
According to the monthly exchange review conducted by cryptocurrency data analytics company CryptoCompare, centralized exchanges experienced a significant increase in trading volume during April 2019. ….
The new April 2019 Exchange Review from crypto data provider Cryptocompare revealed on May 20 that centralized cryptocurrency exchanges saw a significant upturn in traded volume this April. Overall, monthly volumes rose by a solid 85% among the top platforms for fiat-to-crypto platforms. Bithumb South Korean crypto exchange was April’s top total volume exchange, with $ 17 billion reported. Upbit and Bitfinex followed Bithumb at USD 8.7 billion (up 20 %) and USD 6.7 billion (up 114 %), the report continues. While in April all similarly experienced an increase in volumes in Coinbase, Kraken, Bitstamp, and Coinsbit, crypto exchange liquid reported a decrease, CryptoCompare said. Decentralized platforms accounted for just 0.068 percent of the world spot volumes, trading a total of $ 317 million a month in April, says CryptoCompare. Decentralized exchanges (DEX) Ethermium with $194 million remains the largest DEX on the market, despite a 42% drop in volume. WavesDEX saw $32.5 million (up 3.5%), followed by $31.4 million from IDEX (up 15.9%). Another trend identified in the report was a 124% increase in exchange volumes using a transaction fee mining model, trading $115 billion in April. However, exchanges charging fees still traded $352 billion (up 30%) Crypto market cap tracker CoinMarketCap has announced that exchanges will be removed from its calculations if mandatory data are not provided by June
Crypto messaging service has released a bot Lite.im which will allow users of WhatsApp to send and receive Bitcoin and Litecoin from within the app to each other.The announcement is the latest effort to simplify the payment process of cryptocurrency, bringing virtual currencies closer to the everyone. A fiat-pegged ‘ Facebook Coin ‘ crypto token has been confirmed for later in the future. A company called Waubit also announced that a service that integrates crypto with WhatsApp would be rolling out but this new Lite.im software has beaten them hands down both with a payment bot compatible with the Facebook Messenger app and with Telegram. The digital platform announced in a tweet published on Sunday by Zulu Republic that its cryptocurrency messaging platform Lite. Im had initiated aaneasy way to send and receive bitcoin via messaging platform WhatsApp. All users have to do is add ….
CHEN Weixing former founder of Chinese ride-hailing App Kuaidi Dache and CEO of gaming app firm Funcity was angry recently as most of his friends ….
There are a lot of interesting partnerships taking place in the Crypto space in 2019. Sports blockchain venture Chiliz announced a new partnership with Binance Chain, the new blockchain network created by the cryptocurrency exchange Binance. The company announced this information in a recent press release. Chiliz is a sports and entertainment platform that supports Socios.com, the tokenized fan engagement platform and blockchain-backed app. The company has already partnered with Juventus ….
Goxtrade, a company that claims to be a cryptocurrency exchange that bills itself as a trusted bitcoin trading platform, has been caught using photographs of people from social media not associated with the company on its staff page and using false information about its location. Bizarrely the company has not even change the name of the persons whose photos it stole in some cases. Amber Baldet, Clovyr’s co-founder and a prominent voice in the cryptocurrency space, found out that her photo was being used, warning her followers that she was not associated with the company. According to techcrunch report Goxtrade claims to have launched back in 2017 but whois records show that it launched its website earlier this month. Goxtrade’s website which does not seem to work properly, although it claims to be an exchange that has been going on since 2017. Its name is linked to collapsedMt Gox exchange, which handled more than 70% Bitcoin’s trading volume back in 2014 before being hacked with more than ….