Widow of QuadrigaCX CEO Denies Hiding Assets from Crypto Creditors

  Jennifer Robertson, widow of QuadrigaCX CEO Gerald Cotten, asked a judge to put a restructuring specialist in charge at the failed crypto exchange, saying her management role has brought unwanted public attention. In an affidavit filed with the Supreme Court of Nova Scotia in Canada, Robertson asked for Peter Wedlake, a retired partner and senior vice president at audit firm Grant Thornton, to be appointed chief restructuring officer (CRO). In this role, Wedlake would take charge of Quadriga’s efforts to recover some $136 million in cryptocurrencies said to be…

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

  “Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial…

Facebook Bans Bitcoin Crypto Ads and ICO’s

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Cryprocurrency ads   Facebook has now cracked down on cryptocurrency ads from Bitcoin and other ICO’s. Facebook says this is done, as a safety measure to project their viewers. How’s it going this is Candace Falcone buzz for those that don’t know me I am one of the broadcasters on our podcast was just now listed on iTunes we just uploaded episode 4 a few days ago so take a listen and after the video if you have any suggestions for any upcoming segments we can feature on the podcast let…

Did the Mt. Gox Trustee Bitcoin Sell-Off Cause the Crypto Market to Crash?

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On September 25, the Mt. Gox trustee released a document entitled “Announcement on Measures to Secure Interests of Bankruptcy Creditors,” disclosing the sale of over $230 million worth of crypto including Bitcoin and Bitcoin Cash. While it still remains unsure whether the decline in the price of BTC and the valuation of the crypto market was triggered by the sell-off of Bitcoin and bitcoin Cash by the Mt. Gox trustee, the recent correction of the market coincided with the release of the document. Since March, within a period of six…

Crypto Daily News | Crypto Market Rebounds; Coinbase Reponds

Crypto Market Rebound

In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations. Crypto Daily News: September 20th, 2018 Crypto Market Rebounds The crypto market is rebounding this morning, after taking a sharp fall last week after rumors spread that Goldman Sachs (NYSE:GS) wasn’t focusing on a cryptocurrency trading desk. Later, GS confirmed that the news was “fake” and that the desk is, in fact, ready, but waiting for demand. Currently, the crypto market is trading just above…

Crypto Daily News | Former SpaceX Engineer Starts a Crypto Exchange

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In today’s edition of Crypto Daily News, we’ll cover the details of the SpaceX engineer’s new crypto exchange and what Zimbabwe’s Finance Minister said about crypto lately. Crypto Daily News: September 17th, 2018 Former SpaceX Engineer Starts a Crypto Exchange Joshua Greenwald, former SpaceX engineer, is currently the CEO of LXDX and the company just announced that it is launching its own public digital currency exchange. LXDX currently holds its own proprietary software that’s focused on levels of performance not currently seen in the current crypto market. LXDX offers a low…

Crypto Daily News | OKEx Founder Arrested; Man Loses Savings on BTC

Crypto News OKEx Founder

In today’s edition of Crypto Daily News, we’ll cover the details of OKEx’s founder being arrested by Shanghai police and the story on the man losing his life savings after Bitcoin (BTC) crashed. Crypto Daily News: September 11th, 2018 OKEx Founder Arrested The top crypto news today revolves around the latest reports of OKEx’s founder, Star Xu, being arrested for fraud by Shanghai police. Sina News: Star Xu, founder of OKCoin/OKEX, is being investigated by Shanghai police. According to Lu Jun, officer at the local PD, Xu was suspected of…

‘Crypto Assets Are Here to Stay,’ Says EU Commission Vice President

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The European Commission, the executive body that proposes legislation for the EU, will this year conclude a regulatory assessment for the governance of crypto assets, because they are “here to stay,” a high-level has official said. Speaking at a press conference after a meeting of the Economic and Financial Affairs Council last Friday, Valdis Dombrovskis, vice president of the European Commission, said member states are supportive of moves to chart regulations governing the cryptocurrency industry in the economic region. Dombrovskis said: “We also had a good exchange of views on crypto-assets. We…

Bittrex Partners With Trading Firm on Crypto Securities Offering

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U.S.-based cryptocurrency exchange Bittrex is partnering with a regulated alternative trading system (ATS) with the aim of ultimately launching trading in crypto securities. In an announcement Thursday, Bitrex said it is working with Rialto Trading, which currently offers fixed-income products for traders, to gain regulatory approval to support “blockchain-based securities,” according to a press release. If approval is granted, Rialto plans to launch a “comprehensive” securities offering, including an issuance advisory service, placement, trading and custody. For the system, the firm will leverage its ATS and the tools it uses…

China Seeks to Block Access to 124 Foreign Crypto Exchanges

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Chinese regulators are moving to block more than 100 overseas crypto exchanges from offering trading services to domestic investors. Shanghai Securities Times, a mouthpiece of the Chinese financial authorities, reported on Thursday that the China National Fintech Risk Rectification Office has so far identified 124 trading platforms with overseas IP addresses but that are still available in the country. The office now plans to step up its efforts in monitoring commercial use of cryptocurrency and to block internet access to these trading platforms, the report said. Authorized in 2016 by China’s State…