Guateng High Court, Pretoria, South Africa (VladanRadulovicjhb/Shutterstock) Willie Breedt, CEO of cryptocurrency investment firm VaultAge Solutions, has been officially declared bankrupt while on the run from angry investors.As reported by News24 on Monday, Breedt – who is suspected of defrauding over 2,000 investors – was handed a sequestration order by the Gauteng High Court in…
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Bitcoin Rises in Line With Stocks After Dip Below $9K
Bitcoin Rises in Line With Stocks After Dip Below $9K Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities. As of 09:35 UTC, the leading cryptocurrency by market value is trading at $9,190, representing a 1.4% gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index.…
Cardano at One-Year High on Shelley Upgrade – CoinDesk
by Satoshi Nakamoto | Jul 6, 2020 | News Cardano ( ADA ) continues to skyrocket.The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019.It has rallied by a staggering 170% in the second quarter, according to CoinDesk data .At press time, ADA is trading…
Kraken UK Subsidiary Obtains FCA Trading License
Home » Cryptocurrency News » Cryptocurrency News » Kraken UK Subsidiary Obtains FCA Trading License Kraken UK Subsidiary Obtains FCA Trading License July 6, 2020 Kraken’s London-based subsidiary, Crypto Facilities, has reportedly become the first firm to get a trading license from the UK regulator, the Financial Conduct Authority (FCA).Kraken’s Crypto Facilities Becomes First in…
Record Bitcoin Options Market Volume Shows Institutions Keen on Crypto
A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May.Crypto derivatives volumes dropped 35.7% in June to $393 billion.Historical Monthly Derivatives Volumes.Source: CryptoCompare The overall trend which was also observed in the spot…
ADA Price Is Moving Higher as Cardano Releases Code for Shelley Upgrade
The biggest upgrade to the Cardano blockchain is due to begin rolling out today with the release of the “Shelley” code.The upgrade will make the blockchain more decentralized and scalable. The eighth-largest cryptocurrency Cardano (ADA) by market value increased this weekend to $0.1021 and came to its record price since June last year.Cardano price rocketed…
Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum
Home » Cryptocurrency News » Cryptocurrency News » Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum July 7, 2020 Jul 7, 2020 at 11:01 UTC Updated Jul 7, 2020 at 11:04 UTC Binance CEO Changpeng Zhao.(CoinDesk archives) Exchange goliath Binance has acquired crypto…
The DAO Development Flaws: A Smart Contract That Crashed Shortly After A Promising Take-off
Join For Free A smart contract is a self-executing Ethereum -based contract with the conditions of an agreement between two parties directly written into computer lines of code.Smart contracts are the building blocks of Distributed Autonomous Organizations (DAO) – a set of smart contracts existing as a governance mechanism. This article looks into “The DAO…
Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries.Indian Government’s Confirmation The government of India has been sitting on a cryptocurrency draft bill since it was submitted to the finance ministry…
If Bitcoin Consolidates Around $12,000, Expect a “Much Bigger” Rally: CEO
It hasn’t been the best past few hours for Bitcoin bulls.The leading cryptocurrency took a $1,500 price drop in the span of about five minutes, liquidating hundreds of millions worth of long positions as buyers were overextended. Bitcoin has since bounced back to $11,300, yet the rejection at $12,000 is still clear as day. For…