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The price of bitcoin was gunning for a year-to-date low Friday morning, according to Markets Insider data.
The SEC has received nearly 200 pages of complaints about Coinbase, the $1.6 billion cryptocurrency trading platform
Among the most egregious allegations found in a number of complaints filed with the SEC are the claims that Coinbase "stole" cryptocurrency holdings from its users, repeatedly ignored customer complaints regarding missing funds, and systematically defrauded its customers.
Hackers abscond with $31 million in cryptocurrencies from massive South Korean cryptocurrency trading platform
Bithumb, one of South Korea's largest cryptocurrency exchanges, announced that hackers took $31 million from its platform earlier this week.
Top investors gambled $12 million on the blockchain equivalent of Beanie Babies. Now, sales are plummeting.
Andreessen Horowitz and Union Square Ventures gave CryptoKitties, a blockchain game for digital collectibles, $12 million in March. But hardly anyone is buying or selling them anymore.
The crypto boom is like the dotcom bubble but that’s not a bad thing: ‘Selling crypto now is like selling Apple in 2001’
Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. But those that do survive have the potential to be huge, he believes.
The Securities and Exchange Comission on Friday announced a long-awaited decision on wether Ethereum was a security. Much to the relief of many crypto enthusiasts, the agency's head of corporate finance said it is not a security.
Ether, the cryptocurrency powered by the Ethereum blockchain, was trading up over 7% after a Securities and Exchange Commission official said the agency did not view the crypto as a security.
"People are wondering, 'What the f--k is this?" said Matt Liston, founder of the blockchain-based religion "0xΩ."
Coinbase has plans to add Ethereum Classic (ETC) to its platform, expanding its offerings to five different digital currencies.
A $4 billion dollar cryptocurrency startup gave a hacker $120,000 to fix its ‘buggy, flawed’ technology days after launch
The biggest token raise in history is having some troubling issues with its product's core technology, says a man who found several bugs in Eos's source code.