Francisco Memoria

Breaking: Court Moves Mt Gox Case to Civil Rehabilitation, Creditors to Be Paid in BTC

Francisco Memoria
22 Jun 2018

The Tokyo District Court has reportedly moved the infamous Mt Gox case out of criminal bankruptcy into civil rehabilitation, meaning creditors will likely be paid in BTC in mid-2019, and that the exchange’s trustee won’t likely sell funds anytime soon.

Technical Analysts Argue Over Whether Another Bitcoin Sell-off Is Due Soon

Francisco Memoria
22 Jun 2018

Bitcoin, the flagship cryptocurrency, has seen its price drop in the past few months. Trend analysis suggests the cryptocurrency’s price may keep dropping, although some analysts remain bullish.

Cryptocurrencies Are “Too Primitive” for State-Backed E-Franc, Says Central Bank Board Director

Francisco Memoria
22 Jun 2018

Thomas Moser, a board director at the Swiss National Bank (SNB), the country’s central bank, has recently argued that cryptocurrencies and blockchain technology are “too primitive” for the country to issue a state-backed e-franc.

Hacked Crypto Exchange Bithumb to Compensate Investors, Working to Recover Lost Funds

Francisco Memoria
21 Jun 2018

The world’s sixth largest cryptocurrency exchange by trading volume, Bithumb, was recently hacked for roughly $31.5 million. Shortly after, it moved its funds to cold storage for extra security, and it has now revealed it is set to compensate investors, while it’s working with other exchanges to recover funds.

Commission-Free Trading App Robinhood in Talks With Regulators to Offer Banking Services

Francisco Memoria
21 Jun 2018

Robinhood, an app that allows its over 4 million US users to trade stocks and cryptocurrencies without paying fees, is reportedly in talks with regulators to offer banking services like savings accounts, which will effectively help it become an all-in-one financial portal.

Goldman Sachs Is Looking to Trade More Than Bitcoin Futures, COO Reveals

Francisco Memoria
21 Jun 2018

Leading US investment bank Goldman Sachs is reportedly looking to get more involved with cryptocurrency-related products, beyond the publicly-traded derivatives it already offers. This, according to the company’s chief operating officer David Solomon.

Max Keiser Bullish on Bitcoin as “Price Follows Hashrate”

Francisco Memoria
20 Jun 2018

Bitcoin bull and former Wall Street trader Max Keiser has recently tweeted out what seems to be a bullish BTC price prediction, as he noted “price follows hashrate,” while pointing to a tweet affirming the flagship cryptocurrency’s hashrate is now at an all-time high.

Tether Releases Ex-FBI Director’s Law Firm Report on Its Reserves, Stops Short of an Audit

Francisco Memoria
20 Jun 2018

Tether Ltd, the company behind controversial cryptocurrency Tether (USDT), that’s supposed to be pegged to the US dollar 1:1, has recently revealed it hired a law firm co-founded by former FBI director Louis Freeh to analyze its financial situation.

Crypto Hedge Fund Pantera Capital Underperformed Bitcoin Last Month, Down 51% YTD

Francisco Memoria
20 Jun 2018

Bitcoin, the flagship cryptocurrency, outperformed Pantera Capital’s Digital Asset Fund last month, according to Pantera’s chief executive officer Dan Morehead, who in a letter to investors revealed the fund dropped 26 percent in May.

Bitcoin “Is Not for Me, I Don’t Do It” Says Goldman Sachs CEO

Francisco Memoria
20 Jun 2018

Goldman Sachs CEO Lloyd Blankfein has recently revealed he isn’t worried about cryptocurrencies like bitcoin in “any systemic way.” To him, people are currently passionate for and against cryptocurrencies, but he isn’t a fan, as he said it “is not for me, I don’t do it.”

Freedom of Press Foundation Receives 1,000 ETH Donation After Starting Accepting Crypto

Francisco Memoria
19 Jun 2018

The Freedom of the Press Foundation (FPF), a nonprofit organization founded in 2012 that aims to support and protect the free speech of media organizations and whistleblowers, has recently started accepting cryptocurrency donations.

Tron (TRX) Pumps Nearly 18% After Acquiring BitTorrent for $140 Million

Francisco Memoria
19 Jun 2018

Tron (TRX), a crypto project that’s set to build “Web 4.0,” has recently seen the price of its token surge after reports suggesting its founder Justin Sun is in the final stages closing a deal to acquire BitTorrent, the company behind the popular torrent client uTorrent, surfaced.

Brave Browser Trials Advertising Program Set to Reward Users for Seeing Ads

Francisco Memoria
19 Jun 2018

The cryptocurrency-powered Brave browser has recently started trialing its advertising program, which is set to reward users for seeing select ads on the platform, which some believe is going to disrupt the online advertising industry.

Cryptocurrency Hedge Funds Are Down 34% Year-to-Date, Data Shows

Francisco Memoria
19 Jun 2018

Data from BarclayHedge, a firm serving institutional clients in the field of hedge fund and managed futures performance measurement, reveals that cryptocurrency hedge funds are down by about 34.6 percent year-to-date, after losing over 19 percent in May.

Binance Coin (BNB) Keeps Bucking the Bearish Trend, Here’s Why

Francisco Memoria
17 Jun 2018

At press time, most top cryptocurrencies are up anywhere between 0.5 and 2 percent, while Binance Coin (BNB) is up by over 8 percent in the last 24-hour period. This has been an ongoing trend. This year most cryptocurrencies struggled, while BNB kept rising.

Police Track Down Dark Web Market Vendor Through Bitcoin Transactions

Francisco Memoria
17 Jun 2018

French national Gal Vallerius, 36, has recently pleaded guilty to various charges related to drug sales on the dark web in the US after authorities managed to track him down through his bitcoin transactions. He was a well-known vendor on Dream Market, where he went by OxyMonster.

Coinbase Faces Backlash After Shutting Down Gab Social Network’s Account

Francisco Memoria
17 Jun 2018

Cryptocurrency wallet and exchange Coinbase has recently started facing community backlash after shutting down the account of social network platform Gab, seemingly without an explanation.

Smart Contract Bug Disables $800 Million Cryptocurrency ICON (ICX)

Francisco Memoria
16 Jun 2018

A smart contract bug recently found in ICON (ICX) reportedly allows anyone using the network, except for the smart contract’s creator, to enable and disable token transfer for everyone else, meaning it can completely prevent ICX tokens from being moved.

Breaking: EOS Mainnet Comes to a Halt as Bug Freezes Transactions

Francisco Memoria
16 Jun 2018

The EOS blockchain has recently come to a halt over a bug in its mainnet that froze transactions, less than 48 hours after reaching a 15 percent voting threshold and going live. The issue brought forth new concerns for EOS holders.

Bitcoin, Stock Prices Aren't Correlated, Chart Analyst Argues

Francisco Memoria
16 Jun 2018

Charlie Bilello, director of research at Pension Partners, has recently argued that the price of bitcoin doesn’t move in correlation to the stock market or vice-versa, as according to him the correlative theory is wrong.

CIA “Can Neither Confirm Nor Deny” Having Knowledge on Satoshi Nakamoto’s Identity

Francisco Memoria
16 Jun 2018

The US Central Intelligence Agency (CIA) reportedly revealed that it can “neither confirm nor deny” it has information on who bitcoin creator Satoshi Nakamoto really is, a response that is often used when the agency is conducting an investigation.

Crypto Malware Replaces Copied Bitcoin, Ethereum Addresses to Steal Funds

Francisco Memoria
16 Jun 2018

Cybersecurity firm 360 Total Security has reportedly discovered a new cryptocurrency-related malware that hijacks users’ clipboards to replace copied bitcoin and ethereum addresses, in an attempt to steal funds.

New York Grants Bitcoin Wallet, Storage Service Xapo Sixth-Ever BitLicense

Francisco Memoria
15 Jun 2018

Popular bitcoin wallet and cold storage service provider Xapo, which reportedly holds 7 percent of BTC’s supply in cold storage vaults, has recently been granted the sixth-ever BitLicense by the state of New York, which allows the firm to offer its services to the state’s residents.

$2.5 Billion: Tether Used to Manipulate Bitcoin’s Price Last Year, Study Suggests

Francisco Memoria
13 Jun 2018

A study recently published by University of Texas professor John Griffin and co-author Amin Shams suggests that Tether (USDT), a crypto supposedly backed by fiat currency 1:1, has been used to manipulate bitcoin’s price last year.

South Korean Exchange Coinrail Gets Hacked as Crypto Market Tumbles

Francisco Memoria
10 Jun 2018

Coinrail, a somewhat unknown South Korean cryptocurrency exchange, has recently revealed through a statement on its website that there’s been a “cyber intrusion” on its platform, and that it is now reviewing its system. This, as most cryptocurrencies dive into a sea of red.

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