TagNano

Italian Bankruptcy Court Rules BitGrail CEO is Directly Liable for Millions in Customers' Losses

NANO, Bitgrail

BitGrail, a cryptocurrency exchange that was recently the subject of a second class-action lawsuit, has found no relief in an Italian bankruptcy court. According to unverified documents published by a victims group, the Bankruptcy Division of the Court of Florence has ruled that Francesco “The Bomber” Firano is personally liable for losses incurred in the exchange’s early 2018 NANO hack. The...

Nano Cryptocurrency Facing Second Class-Action Lawsuit Over BitGrail Hack

For the second time, Nano’s developers and other parties are facing a class action lawsuit. The lawsuit names Francesco Firano, Nano as an entity, BitGrail, and four others in a lawsuit proposed Friday in a California federal court. Among the allegations against them are fraud and violations of the Securities Act. The lawsuit alleges the defendants tricked investors. Nano was once worth more than...

Dropping Bitcoin Volumes Brings Minor Market Retreat, Where Next?

The valuation of the crypto market has dropped from $205 billion to $199 billion, as Bitcoin dropped below the $6,500 mark once again. In the past three hours, the crypto market has rebounded by $2 billion to $201.5 billion, demonstrating some resilience in the $200 billion region. ETH, the native cryptocurrency of the Ethereum blockchain network, showed strong momentum over the past three days...

Is Crypto Market Bottoming Out? Bitcoin Shows Stability at $6,500

Bitcoin cash

Earlier this week, the crypto market seemed to be initiating a strong corrective rally, as Bitcoin breezed past $6,500. However, in the past 24 hours, the crypto market demonstrated a slight decline in value from $204 billion to $198 billion, as small market cap cryptocurrencies and tokens struggled to maintain momentum. While the crypto market eventually recovered to $202 billion, the price...

ICON, and WanChain Record Massive Gains Despite Low Bitcoin Volumes

Tokens have recorded massive 20 to 40 percent gains on August 26 while major cryptocurrencies like Bitcoin and Ethereum maintained their low price range. Bitcoin has remained relatively stable in the $6,700 region in the past 24 hours as Ethereum, Bitcoin Cash, Ripple, EOS, and Stellar all recorded slight losses in the range of 0.5 to 1.5 percent. Unexpectedly, the price of ICON, Ontology...

Venezuelan Launches “Adopt a Family” Movement After Buying 400 Kg of Food With Crypto

A Venezuelan Redditor recently decided to use donations received in NANO to buy over 400 kg of food for his friends and family in the country, which is facing one of the deepest economic recessions yet. He’s now launching a movement to support others. As covered by CCN, the Venezuelan crypto enthusiast, going by Windows7733 on Reddit, initially received a 0.5 NANO donation, at press time worth...

Venezuelan Crypto Enthusiast Buys 102 Kilos of Food from NANO Donations amid Hyperinflation

A Venezuelan crypto enthusiast has recently bought over 100 kg of food for his family and community thanks to the cryptocurrency community, after he received dozens of NANO donations from Reddit users. According to a thread started little over a week ago, Reddit user Windows7733 revealed a 0.5 NANO (~$1.32) donation he received was nearly worth one month’s salary in Venezuela. In response to the...

NANO Issues Alert on Android App Vulnerability, Urges Users to Move Funds

NANO, which recently rebranded from RaiBlocks in January 2018, has issued a statement alerting users about a vulnerability in their android wallet, urging them to move their funds to a new wallet. This applies to anyone who generated a wallet seed using the NANO android wallet, which was released just a few hours ago. The issue stems from the usage of the Random.java class which is used to...

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