The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies...
On Thursday, crypto investors awoke to an unexpected sight, with digital assets across the board posting substantial gains for the first time in weeks. While there were many short-term speculators who were satisfied with this move, there were some optimistic commentators, analysts, and influencers within this space that saw...
ShapeShift, a leading startup in the crypto and blockchain industry, has continued its drastic product overhaul, recently revealing that it was dropping a lesser-known feature from its extensive lineup of products, services, and applications.Prism Is Shutting DownOn Tuesday, ShapeShift, a Switzerland-based crypto infrastructure firm, revealed that it would be discontinuing...
As Bitcoin ranges in the $6,000-7,000 range and regains its market dominance, many altcoins are being pushed to their year-to-date lows which is resulting in an overwhelmingly bearish market sentiment. Due to the negative market sentiment, mainstream media outlets have been quick to liken the 2018 crypto crash to...
Even in this most recent market rut, Bittrex, a well-established Seattle-based cryptocurrency exchange, is dead set on bolstering its sphere of influence over the cryptocurrency and blockchain industries.Bittrex Eyes Expansion With Affiliate CompanyOn Monday morning, Bittrex unexpectedly took to Twitter to announce that it had launched Bittrex International, an affiliate...
A new, decentralized global platform is aiming to help streamers keep more of their earnings — and create a blockchain-driven ecosystem where they will find it easier to receive donations from their loyal viewers. According to DeStream, the esports market is growing, and as a result, audiences on popular streaming...
The cryptocurrency industry has undoubtedly been through a lot over the better part of the past decade. Whether it may be the regulatory scrutiny or the multiple 90% price corrections, it would be appropriate to say that longtime proponents have really seen it all. And although the collective value...
Leading French professional football club Paris Saint-Germain (PSG) has partnered with blockchain startup Socios.com to enrich the club’s interaction with its fans through a tokenized voting platform. The current French Ligue 1 champions joined the project as part of a broader strategy to integrate distributed ledger technology in business operations and...
According to a report from China’s Sina News, Star Xu, the founder of cryptocurrency exchanges OKEx and OKCoin, has been arrested by Shanghai authorities on the suspicion of committing fraud against investors. He has now been released from custody due to a lack of evidence connecting him to a...
Long story short, China’s leading regulatory bodies have recently begun their second crusade against the propagation of crypto assets, imposing a series of harsh rules, laws and advisory messages in a bid to curb the growth of this industry. In spite of the heavy-handed regulatory moves, a Chinese cryptocurrency startup...