Bitcoin Trader Customers Face Losses After Management Disappears
A popular bitcoin arbitrage service has collapsed, resulting in the loss of customer funds and the dissolution of a company that had a notable presence in the industry. The news marks the second time in recent weeks that the future of a well-known company in the bitcoin ecosystem has fallen into jeopardy, following the revelation that digital currency exchange Moolah would file for bankruptcy amid financial troubles. Questions about the platform's solvency began to emerge in June, when users asked for the Bitcoin Trader leadership to publish financial audits, though such a disclosure has....
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The whereabouts of Alexander Altunbashev, a Bulgarian entrepreneur and crypto trader, are unknown since Monday. Law enforcement officials are now investigating his possible abduction while some in the local crypto community speculate he might be hiding from disgruntled investors.
Bulgarian Authorities Investigate Possible Kidnapping of Alleged Crypto Millionaire
Police in Bulgaria are trying to locate a businessman who went missing under strange circumstances earlier this week. The 32-year-old Alexander Altunbashev is an IT specialist and entrepreneur who, according to media....
To attract and retain the interest of institutional traders, we need advanced risk management tools that can maximize gains for investors. Risk management is a vital element of success for any trader in any market. No matter the size of the capital you’re trading with or investing in, losses are going to be inevitable, particularly in highly volatile markets like cryptocurrency. Learning how to manage risk to minimize losses is vital. Yet, it’s also necessary to master risk management in order to ensure maximum gains. After all, the more you’re willing to risk, the greater the potential....
This article will present an overview of Bitcoin-Trader investment opportunities. Bitcoin-Trader is a digital currency investment management company launched at the end of 2013, offering Bitcoin related investments to the general public. In April 2013, the Bitcoin-Trader Team decided to develop a business model of its own. As the result Bitcoin Trader was born, with a clear vision to create a company that revolutionizes the way to earn residual income, with the main focus on sustainability, longevity and outstanding customer support. The company firmly believes in the ingenious....
Futures trading platform BitVC has altered the way it handles forced liquidation risk management, replacing the 'socialized system losses' method that was sometimes unpopular with users. The platform, a subsidiary of Chinese exchange Huobi, says it will implement a new method called 'automatic counterparty deleveraging'. A BitVC representative said the system is the first of its kind in the high-leverage bitcoin futures market and, while still not perfect, offers a significant improvement over other risk-management strategies in similar markets. Automatic reduction of leverage. He went on....
Bitcoin-Trader.biz has disappeared overnight with the only communication being a letter sent out to all of their victims claiming that a hacker stole all of their funds and that they offered to comply with the hacker's ransom notice. Bitcoin-Trader closed all of their social media accounts as well as their website almost overnight, while ducking under the cover of playing the victim of a hacker and claiming to file for bankruptcy. The letter sent to all former account holders reads like an emotionless story of cop-outs to the effect of, "We got hacked, and we'll file for bankruptcy. Ciao!"....