TagXRB

Italian Court Rules Bankrupt Crypto Exchange BitGrail Must Stay Closed

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Italian cryptocurrency exchange BitGrail won’t be reopening anytime soon, despite its wishes to the contrary. Last Thursday, on May 17, the Court of Florence fully upheld a preliminary order barring the exchange -- which is currently undergoing bankruptcy proceedings -- from resuming operations and once again offering trading services to customers. The precautionary measure was originally...

'Hacked' Crypto Exchange BitGrail Shuts Down 3 Hours After Re-launch

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Italian cryptocurrency exchange BitGrail has once again suspended operations after briefly re-opening most of its trading markets on Tuesday. The exchange, which has been immersed in controversy since 17 million Nano tokens (XRB) -- now worth approximately $140 million -- went missing in February, re-opened trading for all coins except XRB at 10:00 UTC. By 13:20, the platform had once again been...

20% Gains: Nano Floats in a Sea of Crypto Red

Nano is the only coin in the top 30 by market cap to have gained significantly on a day when most cryptocurrencies have fallen by high single-digits. At the time of writing, Nano (XRB) is up almost 20 percent to the US dollar and almost 25 percent against Bitcoin. At the time of writing, Nano is priced at $8.82. According to coinmarketcap, all top thirty coins have fallen except Nano, Populous...

Questions Mount Over $170 Million BitGrail ‘Hack’

Questions continue to mount over $170 million worth of Nano (XRB) tokens that have gone missing from little-known cryptocurrency exchange BitGrail. As reported by CCN sister site Hacked, there is growing suspicion among Nano (formerly Raiblocks) community members that BitGrail, which is based out of Florence, Italy, was insolvent long before the alleged hack and hid the situation from traders and...

$170 Million: Cryptocurrency Exchange BitGrail Loses 17 million Nano (XRB)

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BitGrail was the fifth most popular exchange for XRB trading according to Coinmarketcap, however the volume has now been amended to zero. With a market valuation today of $10 per XRB, the to, al loss is estimated to be $170m. The Nano Core team were informed by the owner of BitGrail, Francesco “The Bomber” Firano of the loss on Thursday. In a blog update they report that the fault appears to be...