• South African MTI exit scam
    Cryptocurrencies,  Regulation,  Uncategorized

    South African crypto exchange may have exit scammed $644M

    Mirror Trading International’s customers ran to authorities after finding themselves unable to withdraw funds

    Cape Town High Court granted a provisional liquidation order against MTI on Tuesday. The measure was taken following two complaints filed last week by the firm’s customers who found themselves unable to withdraw their funds.

  • Russian power firm fights illegal miners
    Bitcoin,  Technology,  Uncategorized

    Russian power firm: illegal crypto miners steal $9.5M

    Russian power grid firm Rosseti fears that record high prices will encourage illegal Bitcoin miners and threatens to disrupt the country’s electrical grid

    Russian power firm Rosseti is afraid that record-high Bitcoin (BTC) prices may spur a new wave of illegal cryptocurrency mining operations stealing electricity and threatening to disrupt Russia’s electrical grid.

  • Bitcoin is gold 2.0
    Uncategorized

    Bitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss

    The Gemini exchange co-founder said that he expects Bitcoin to appreciate 25 to 30 times from the current price of $18,000 to $20,000, taking its market cap past gold’s $9 trillion

    Winklevoss also said that the regulatory climate in the United States, most of Europe, and parts of Asia is “very pro-Bitcoin.”

  • libra stablecoin launch January
    Uncategorized

    Facebook’s Libra stablecoin could launch in January

    The Libra Association expects to launch a dollar-backed stablecoin early next year—but is it just limping in the direction of the finish line?

    According to a Nov. 27 Financial Times report, Libra will launch in January with just a single dollar-backed stablecoin. The exact launch date depends on when the association receives the Swiss Financial Market Supervisory Authority’s approval to operate as a payments service, which could come in January after the May 2020 application.