Blockchain Bites: BitMEX Investigation, Trump’s Diagnosis, Babel’s Leaked Audio
Elsewhere, another European central banker has called for a "digital euro," Atari's cryptocurrency has a sale date and Venezuela built a national stock exchange on Ethereum.
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According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that represents a ratio of what customers are owed and what the firm has left on its balance sheet. The pitch claims that if Celsius customers hold on to their tokens there’s a possibility financial loss could be mitigated. Leaked Audio Verified by Former Celsius Employees Reveals an IOU....
Under intense pressure, Celsius, an experimental cryptocurrency lender, cracked under heavy pressure and was forced to file for bankruptcy in July. However, the CEO of the company recently revealed an outlandish proposal to his staff. Attempts are being made to give the company a badly needed shot in the arm. Leaked audio of the Celsius Network meeting […]
Many analysts and investors have been quite surprised at how stable Bitcoin’s price has been despite a plethora of bear-favoring developments within the markets From a macro perspective, President Trump’s recent viral diagnosis has rocked the traditional markets, which has had a trickle-down effect on crypto Within the crypto market, the recent $150m KuCoin hack, as well as the government’s charges against the BitMEX founders, have both spooked investors Despite all these factors placing pressure […]
As I mentioned in this week’s market wrap up, the bull run that occurred in the Bitcoin market last week was most likely the result of market manipulation. The Bitcoin price increased from the $220 range to around $260 without any discernible causes, suggesting that the spike in demand came from one person or a cooperative group. A new discovery serves to confirm my belief that the market was manipulated last week. A user by the name of LeakedNews_ on the Reddit sub Reddit /r/Bitcoin leaked an audio recording of a group of whales talking on Team Speak. They mentioned the Bitcoin market at....
Square became the latest publicly traded firm to pile cash reserves into bitcoin while members of BitMEX's founding team resign.