Bitcoin News in Review: Moopay, Documentaries, Data Breaches, and More
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week, here on CryptoCoins News. This week, a large scandal developed over Moopay’s bankruptcy, “The Rise and Rise of Bitcoin” documentary received lots of positive reviews, several companies saw large-scale data breaches, and more. Check out our video and keep scrolling to see this week’s biggest news. In an unexpected move, Alex Green, CEO of Moopay, announced that his company would be filing for bankruptcy and ceasing all operations. Green cites “rising costs and dropping revenue,” and is....
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Moopay LTD confirmed rumors and announced today that after long talks with leading altcoin exchange MintPal, they have acquired their business. Mintpal will join the ranks of Moopay's payment processing service Moolah this August. Moopay plans to make serious security upgrades to the exchange, starting with a full audit and making sure all the back doors are closed. CCN. Founded earlier this year, MintPal has always run a business model of quality over quantity. They have done their best to make sure scam-like coins do not enter their trading platform. The exchange has seen a high amount....
The SEC is currently investigating "Alex Green" and Moopay LTD along with seven other cryptocurrency companies. The confirmation of government action comes by way of CoinFire, a reputable news site that was first tipped off to SEC and DOJ involvement last week, before the public implosion of MintPal, Moopay, and Moolah. The veracity of the ongoing investigations has since been confirmed with both government agencies and sources within said agencies; however, the names of the seven other cryptocurrency companies currently under investigation are staying unpublished so as not to hinder....
Moopay LTD, the digital currency service provider more commonly known as Moolah, has purchased MintPal, the altcoin exchange which recently suffered from a severe hack that compromised nearly $2m in customer funds. With the acquisition, Moopay said it plans to use Mintpal as its primary altcoin trading platform. Moolah.io already operates the digital currency exchange Prelude, a subservice of Moopay that focuses on dogecoin and bitcoin. Alex Green, CEO of Moopay, stated that he believes MintPal will benefit from Moopay's significant development and security expertise, and that the....
In a shocking announcement, Alex Green, CEO of Moopay LTD revealed on October 14, 2014 that Moopay will be filing for bankruptcy, ceasing all operations. Through a blog posting on the official Moolah page, a bitcoin exchange, Green explained the hardships that the company is facing and the future of Moolah, MintPal and MooFarm. "After 10 months as a high-risk startup in a volatile environment, Moolah has reached a stage where it is unable to continue operations in today's market. With rising costs and dropping revenue, and the loss of a number of key clients vital to the ongoing operation....
When MooPay LTD acquired MintPal in July, their main focus was improving security. MintPal fell victim to an attack on VeriCoin earlier this year, showing a hint of weakness in their pre-existing security and some loss of faith in the exchange. Once MooPay LTD took over, they made it their mission to improve security to garner more trust and faith in the popular cryptocurrency exchange. They immediately began planning a Version Two upgrade to the site as soon as possible. On Saturday, MintPal suffered from a DDoS attack on their website, pushing the Version Two implementation by....