Tag Archives: Bitcoin Businesses

To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight

Billionaire Richard Branson appeared to cry tears of joy when his ‘Bitcoin-friendly’ Virgin Galactic reached the edge of space for the first time December 13. World Sees First Commercial Space Flight Branson, who revealed himself as a Bitcoin believer and investor in 2013, watched as SpaceShipTwo, the latest vehicle from the Virgin Galactic and The Spaceship Company, broke… Read More »

Coinbase Slammed For Venezuela ZCash Airdrop Being an ‘Advertising Strategy’

US cryptocurrency exchange Coinbase has received intense criticism for giving Venezuelan families a grand total of $1 per day – in altcoin ZCash, which it added to its books days previously. Scroogebase? In a blog post December 11, executives claimed that the initiative dubbed the “12 Days of Coinbase,” was meant to “empower those who don’t have enough.”… Read More »

Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd., the UK-based entity trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the loss of €29 million ($33 million) in February… Read More »

Only Bitcoin Gets to Be a ‘Legal Pyramid Scheme’ Like Gold, Says Mike Novogratz

Bitcoin proponent and former Wall Street hedge fund manager Mike Novogratz remains optimistic despite the prolonged 2018 bear market. The investor holds that Bitcoin will become “digital gold” – a store of value in the same sense gold is.  ‘Now I’m The Ugly Face of Crypto’ Having made a series of accurate calls in the past, Novogratz admits… Read More »

‘We’ll Be Right Back!’ – Signs Point to Exit Scam For Cryptocurrency Platform Cubits

Users are venting frustration at UK-based cryptocurrency wallet and exchange Cubits after the service went offline following alleged payment delays. Cubits Website Disappears Overnight Cubits, the trading name of Dooga, a company formed in London in 2014, became involved in a legal battle over allegations it was hacked earlier this year, a court ruling in the company’s favor… Read More »

Bitcoin ETF Approval Chances Down to 10%, Says Legal Expert

Following last week’s delay of the SEC to decide on whether to approve or not the proposed, commodity-backed bitcoin ETF proposal of VanEck and SolidX, legal expert Jake Chervinsky now says that there is a 10 percent chance of its approval.  ‘I Think the ETF is in Trouble’ Jake Chervinsky, a legal expert who correctly predicted that the SEC… Read More »

‘Proof Of Keys’ Wants You to Get Your Bitcoin Off Exchanges on January 3

Cryptocurrency investor and entrepreneur Trace Mayer plans to use the anniversary of the Bitcoin genesis block to make holders reclaim their private keys. Mayer To Bitcoin HODLers: Reclaim Sovereignty In a video introduction to the plan, which he dubbed ‘Proof of Keys,’ Mayer appealed to the Bitcoin community to remove all funds not under their direct control, specifically… Read More »

‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals

BTC price crash may have been sparked by an ‘unusual’ uptick in miners selling to finance the BCH hash war, according to BitMEX Research. Meanwhile, other metrics reveal that the recent price decline is disproportional with BTC market fundamentals.  BTC Price Crash and Bitcoin Cash Hash War Bitcoin 00 has lost around 45 percent of its value in… Read More »

Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot… Read More »

‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance… Read More »