Author: Kene
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Metropolitan Bank Shut Down Tether’s Accounts After 5 Months
On June 10, 2019, Coindesk reported that spokesperson told them that the New York-based Metropolitan Commercial Bank kept the accounts of the stable currency issuer Tether and its affiliates for less than six months before they decided to shut it down. The New York Attorney General’s Office (NYAG) which has been involved in a legal…
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Bitcoin loses $1k In 1 Hour as Markets Dips
It was a red market for Bitcoin(BTC) bulls on July 10, 2019, as the world most traded cryptocurrency suffered a massive $1000 sell-off denying a bullish run that looked like it had potential to hit it recent 2019 highs. And this, in turn, made the cryptocurrency market capitalization to fall suddenly. BTC bulls were looking…
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Facebook Cancels Calibra Launch in India
It is no news that the Indian government frowns at cryptocurrency and anything related to digital assets, and that recently included Facebook’s crypto, Libra and its Calibra wallet, which have been surrounded by so many controversies recently. Days after Indian government officials publicly expressed discomfort with Facebook plans concerning its cryptocurrency Libra and were looking…
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Good news For Blockchain Technology as Kakao Claims Its New Blockchain is 15x Faster Than Ethereum
After launching its Klaytn blockchain technology platform for enterprise last month, one of South Korean messaging app provider has come out with the claims that their Blockchain network is 15 times faster than Ethereum. This was announced by Kakao subsidiary company, GroundX, in a press conference that held yesterday in South Korean capital Seoul. As…
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Scam Alert: 5 arrested by Italian Authorities, 93 social media pages and 7 websites seized for promoting Onecoin
The controversial cryptocurrency Onecoin which is considered to be the most infamous cryptocurrency scam pulled off so far continue to suffer nemesis. The crypto scam was reported to have raised $4 billion before it was shut down. Officials of Special Antitrust Unit in Verona, Italy have managed to seize 93 social media pages and 7…