UPbit is suspected of fraud for apparently selling cryptocurrency to customers that it does not hold. The suspicion led to a raid on the largest cryptocurrency exchange in South Korea. UPbit is one of the largest cryptocurrency exchanges in the world. It hosted about $1.6 billion of cryptocurrency trades in the past 24 hours, making … Continue reading Korea’s Largest Crypto Exchange UPbit Raided – Suspicion of Fraud
The anonymous benefactor behind the bitcoin (BTC) based Pineapple Fund has announced the closure of the project in a heartfelt farewell post on Reddit. In total, the bitcoin-only charity has donated $55m worth of BTC to numerous non-profit organizations. The initial goal set by the unknown philanthropist in last December was to donate 5057 BTC, … Continue reading $55m worth of BTC Donated to Charity
It is no secret that Bitcoin and its ilk have become more popular among the rich and wealthy following the explosive increase in price experienced during 2017. However, although the currency is a virtual one, many investors are making sure to safeguard their cryptocurrency assets in an old-fashioned way. The startup Xapo is operating actual … Continue reading Where Do Silicon Valley Millionaires Keep Their Bitcoin?
Microsoft founder and the second wealthiest person on the planet with an estimated net worth of $90 billion Bill Gates has been a staunch critic of bitcoin and cryptocurrencies in general, claiming that, “I would short it if there was an easy way to do it. As an asset class, you’re not producing anything, so … Continue reading Tyler Winklevoss Dares Bill Gates to ‘Put Your Money Where Your Mouth Is’ and Short Bitcoin