Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges
Jan26

Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto users are still keeping large sums of digital asset holdings on trading platforms...

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Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year
Jan26

Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year

Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies. Their number has increased for a third consecutive year and many new jobs have been created. Also read:...

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The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
Jan26

The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors

In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in New Zealand that allegedly have links to the Onecoin operation and founders. Also read: Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles...

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Leading Swiss Stock Exchange Now Offers 12 Crypto Exchange-Traded Products
Jan26

Leading Swiss Stock Exchange Now Offers 12 Crypto Exchange-Traded Products

Switzerland’s principal stock exchange, SIX Swiss Exchange, now has 12 cryptocurrency exchange-traded products listed. The latest addition, the 21shares Short Bitcoin, allows investors to profit from falling prices of the digital currency. Other listed crypto products include those that track the price movements of BCH, BTC, ETH, XRP, BNB, and tezos. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks...

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Internet Provider RCN Asks Court to Dismiss Piracy Liability Lawsuit
Jan26

Internet Provider RCN Asks Court to Dismiss Piracy Liability Lawsuit

Last summer several major music companies filed a lawsuit against Internet provider RCN. Helped by the RIAA, they argued that the ISP turned a blind eye to pirating subscribers. The lawsuit is in many regards similar to the ones against other ISPs, such as Cox, Grande, and Charter, which were all accused of failing to terminate the accounts of repeat infringers. According to the labels, RCN knew that some of its subscribers were...

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