Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he was extremely upset that his friend’s and family’s sensitive personal data “is now in the hands of [Poloniex].” Not too long after Tate’s tweet, the Poloniex Twitter account responded by denying ownership of U.S. customer data, and revealed the exchange would “delist DGB soon.”…

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The Politics of Destruction

For some time now, I have been aware of a widespread fascination among many libertarians with Jim Bell’s “Assassination Politics” (AP). At my request, Robert Vroman has defended the merits of AP. In this article, I will argue that AP is just about the single worst idea that libertarians could advocate. Despite my misgivings, I thank Vroman for his article, so that AP sympathizers may be reassured that I am not attacking a strawman. **This following article is an opinion piece written by the economist and libertarian author Robert Murphy.…

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Blockfi Launches Crypto Trading Platform

Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes Enforcement Network and expanded its state licenses to cover both lending and money transmission. Also read: Bitcoin ATMs Installed at 5 Major Malls in the US Trading Platform Launch Blockfi announced Thursday the launch of its crypto trading platform for individual and institutional investors. “Blockfi Trading will initially allow holders of cryptocurrencies to seamlessly…

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ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being employed as a result of ECB policy. The German economist also remarked that “we cannot expect that the general population understands what the ECB is doing.” Also Read: ECB President: ’We Should Be Happier to Have a…

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Crypto-Focused Lender Blockfi Launches Trading Platform

Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes Enforcement Network and expanded its state licenses to cover both lending and money transmission. Also read: Bitcoin ATMs Installed at 5 Major Malls in the US Trading Platform Launch Blockfi announced Thursday the launch of its crypto trading platform for individual and institutional investors. “Blockfi Trading will initially allow holders of cryptocurrencies to seamlessly…

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RBI Governor Discusses Crypto and Central Bank Digital Currency

The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also read: Indian Supreme Court Wraps up Crypto Hearing for the Year RBI Governor’s View on Cryptocurrency RBI Governor Shaktikanta Das reportedly talked about cryptocurrency and central bank digital currency (CBDC) on Thursday at a customary post-policy press conference. The governor “made it…

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Crypto Startups to Get up to $75,000 From the Government of Ukraine

Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will be distributed by the end of the year. Also read: Russian Tax Authority Registers Crypto as Part of a Company’s Capital New Fund to Spend $18M on Innovative Projects The new Ukrainian Startup Fund, described by its website as a national investment program that…

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Circle Warns Poloniex US Customer Assets May Be Sent to the Government

As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property. Also Read: Circle Drops Poloniex Leaving US Crypto Traders High and Dry Time Is Running out for Poloniex US Clients Circle, which specializes in digital assets and over-the-counter swaps, announced in October that it had decided to sell the cryptocurrency exchange it controls and that…

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Cryptocurrency Exchanges Are Fighting to Escape Binance’s Shadow

It’s impossible to assess the cryptocurrency landscape without considering Binance. It looms large over the industry, dictating trends, soaking up liquidity, and compelling new exchanges to fight tooth and nail for market share. Most exchanges aren’t gunning to become the next Binance. But they must all exist in its shadow while striving to carve a niche of their own. Also read: New List Claims 1.9 Million Bitcoin Held by Centralized Exchanges Binance Is a Giant That Won’t Stop Growing This week, a new exchange ranking system revealed that 1.9 million…

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Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles

The MLM monitoring publication behindmlm.com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin.eu has gone offline. According to the domain host Eurid, the onecoin.eu domain name is currently “under legal investigation.” Onecoin’s website going offline follows the recent arrest of the operation’s cofounder Konstantin Ignatov. Also read: Part Deux! Onecoin Buyer Beware: The Definitive Ponzi Exposé Onecoin Operations Come to a Halt For five years the Onecoin Ponzi, a scam that was promoted as a cryptocurrency, managed to attract more than $4 billion worldwide from investors.…

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