By CCN Markets: Imagine you sent $100,000 worth of Bitcoin Cash (BCH) somewhere. Then you opened up Bitcoin SV (BSV) and accidentally sent another $100,000 SV to that same address. Then you find it is locked up. That's alright. You know the holder – an exchange. Surely an exchange won't just hijack that amount of funds? All of the above is very close to what happened, according to a source...
By CCN.com: Four days after New York State Department of Financial Services’ executive deputy superintendent for banking Shirin Emami disclosed in an op-ed that having North Korean users on its platform was part of the reason Bittrex was denied a virtual currency business license, the cryptocurrency exchange has come out forcefully to deny the claim. According to Bittrex, there are no North...
By CCN: Stealth (XST) is a coin that is listed as part of three pairs on two exchanges. One exchange is the venerable Bittrex, one of the few known to be not faking its volume, and another is one of which we've never heard. Yesterday, we noticed that XST spiked an incredible amount – nearly 3,700%, briefly pushing its market capitalization to more than $150 million. $1,960 in Volume = $150...
A site called TheTie released a report today that estimates over 86% of all reported Bitcoin exchange volume is suspicious, while 75% of exchanges report extremely dubious volumes. The research uses a different formula than other reports have: it values each website’s visitors and compares that value to the reported figures. Potential Fake Crypto Volumes High Across The Board For example...
Bitcoin mining giant Bitmain has filed a lawsuit against a mystery hacker who allegedly stole bitcoin from one of the firm’s cryptocurrency exchange accounts. According to the suit, which the China-based Bitmain filed on Nov. 7 in the US District Court for the Western District of Washington, the unknown hacker infiltrated Bitmain’s Binance account in April and stole funds from the firm. However...
Three university scholars – two from the University of Florida and one from Princeton – have concluded what many veteran cryptocurrency enthusiasts have long known and loudly preached: pump-and-dump schemes are bad. In a new paper currently in progress by Tao Li, Donghwa Shin, and Baolian Wang, the scholars provide evidence that market manipulation schemes “are detrimental to the liquidity and...
Poloniex, one of the oldest crypto exchanges in the global market, has become a major digital asset trading platform once again after years of stagnation. Until 2015, Poloniex was one of the largest crypto exchanges alongside Coinbase. It was the go-to exchange for traders investing in smaller trading pairs like tokens and alternative cryptocurrencies. But, controversy around the legitimacy of...
Three months after Bitcoin Gold fell prey to a high-profile 51 percent attack, one of the cryptocurrency exchanges affected by that exploit is threatening to delist BTG unless the coin’s developers help cover its losses. Last week, the Bitcoin Gold organization announced on its official website that Bittrex, a top-30 cryptocurrency exchange by volume and one of the few to offer USD trading pairs...