Bitmarket, a Polish cryptocurrency exchange which started operating in 2014 has stopped operations without warning, citing ‘loss of liquidity’ as the reason for its shutdown. In a statement posted on its official website, the platform declined to provide any further information, including what is likely to happen to funds trapped in user exchange wallets. The short statement posted early this...
By CCN Markets: Bitcoin users in Poland are mostly men under the age of 40. Moreover, a whopping 92% of them believe that payments using cryptocurrencies will soon become commonplace. The results were shared by BitBay Pay, who surveyed 2,582 cryptocurrency users in Poland and asked them a series of questions, including their gender, age, and other details to get a composite picture of the...
By CCN: Coinroom, one of the largest cryptocurrency exchanges in Poland, has suddenly closed down its services in April as part of an exit scam that had left thousands of customers as victims. According to the Polish media outlet Money.pl, Coinroom customers received an email on April 2 stating that the cryptocurrency exchange is terminating their contracts and they have one day to withdraw their...
Poland's biggest cryptocurrency exchange, BitBay, is moving on to greener pastures. The company announced the suspension of its operations in Poland, where banks have been less than cooperative. BitBay is headed to the island country of Malta, which has given itself the nickname of Blockchain Island. BitBay is leaving the city of Katowice where it was founded in 2014 to bring cryptocurrency...
Make sure you check out last weeks post here, now let’s go over what happened in crypto this week. Price Watch: Bitcoin is up 15% this week after a slight gain last week and a nearly 20% drop the week before. After stabilizing at $7,100 earlier this week, the price rocketed above $8,000 in a dramatic green candle. The price has hit a sell wall over the $8,00 mark, but analysts are optimistic...
Cryptocurrency traders in Poland launched a petition to protest the government's decision to tax all cryptocurrency transactions, even those that aren't profitable. "We are demanding the release of the blockchain technology market and the abolition of all taxes related to this industry," according to the Change.org petition, which has already been signed by more than 2,700 people. In the...
Bitfinex, one of the world’s largest cryptocurrency exchanges, has been implicated in a Polish investigation into the Columbian drug cartel’s money laundering operation, local media outlets report. Last week, authorities in Poland seized 1.27 billion Polish zlotys (~$371 million) from bank accounts belonging to two companies suspected of laundering money for drug cartels in Columbia. The news was...
The Central Bank of Poland has admitted to sponsoring a smear campaign against cryptocurrencies on Facebook, Google and Youtube. This news was first reported on a Polish news portal, money.pl. The controversial campaign was a video done by Youtuber Marcin Dubiel, titled “I LOST ALL THE MONEY?!” The video starts with a young man investing all his money in cryptocurrencies, only to be embarrassed...