Steemit Inc. Bought Out By Justin Sun and the Tron Foundation, Soft Fork Takes Away Steemit Inc’s Blockchain Voting Rights Amid Community Controversy

February 26, 2020  /  by Zachary Mashiach
On February 14 Steemit Co-Founder Ned Scott announced that he had sold Steemit Inc. to Justin Sun and the Tron Foundation for an undisclosed sum of money. Since then the Steemit community has been mired in controversy and outrage, and a soft fork has just taken place to prevent the Tron Foundation from having access… Read more

Economic Indicators Point Towards Global Recession As Coronavirus Break Out In Iran, South Korea, and Italy; Will Bitcoin Continue To Be Used As A Safe Haven Asset?

February 25, 2020  /  by Zachary Mashiach
We’ve talked about how the Coronavirus will likely have a major impact on financial markets, including Bitcoin (BTC), largely due to the Chinese economy slowing to a crawl. Since then, the Coronavirus has broken out in multiple other countries, and a slate of economic indicators suggest that a global recession may be developing. Will Bitcoin (BTC)… Read more

Tradesatoshi Crypto Exchange Closing Down, Has All the Signs of Being an Exit Scam

February 21, 2020  /  by Crypto.IQ
TradeSatoshi, which is a crypto exchange that launched in the United Kingdom in 2015, has announced that it is closing down. However, users are crying foul. Right off the bat, users will only have until March 1 to withdraw funds, which is less than 10 days from when the announcement was made. It is unusual… Read more

The Ethereum Name Service (ENS) and Unstoppable Domains Offer Decentralized Alternatives to DNS

February 21, 2020  /  by Crypto.IQ
The Ethereum Name Service (ENS) and Unstoppable Domains are decentralized alternatives to the standard Domain Name Service (DNS).  Essentially, all domain names must be approved by DNS authorities, including domain names which use .com, .co, .org, .biz, .gov, etc. However, in some countries censorship is occurring. For example, in Turkey, there are 150 words that… Read more

Gemcoin Founder Faces at Least 10 Years in Prison after $147 Million Fraud

February 21, 2020  /  by Crypto.IQ
The Founder of Gemcoin, Steve Chen, has pleaded guilty to wire fraud and tax evasion charges, and faces a minimum sentence of 10 years in prison. Gemcoin operated from 2013 to 2015 and defrauded 70,000 people for a total of $147 million. Gemcoin claimed to be a cryptocurrency backed by gemstones, although no gemstones existed.… Read more

FCoin Exchange Closes Down After Losing $125 Million Due to Supposed Technical Errors, Reeks of Exit Scam

February 20, 2020  /  by Zachary Mashiach
Chinese cryptocurrency exchange FCoin has been permanently shutdown while simultaneously losing up to $125 million of customer’s funds. The CEO claimed this was due to technical errors, but this situation has the tell-tale signs of a collapsed pyramid scheme and exit scam, as will be detailed in this article. FCoin was the pioneer of ‘transaction… Read more

CME Bitcoin Futures Record $1.1 Billion of Volume in Just One Day

February 20, 2020  /  by Crypto.IQ
The Chicago Mercantile Exchange (CME) Bitcoin Futures exchange saw one of its biggest days ever on Tuesday with $1.1 billion of volume, which could perhaps be viewed as a sign that institutional interest in Bitcoin (BTC) is increasing. Technically, the highest daily volume of $1.3 billion occurred on May 13, right as the mini bull… Read more

Coinbase Becomes First Purely Crypto Company to Be Approved as a Visa Principal Member

February 19, 2020  /  by Crypto.IQ
Coinbase, one of the most reputable and popular crypto exchanges in the United States, has become the first purely crypto company to be approved as a Visa principal member. This means Coinbase can now directly issue Visa debit cards without any 3rd party. Further, Coinbase could theoretically issue Visa debit cards for other corporations, such… Read more

BlockFi to Launch Mobile App and Crypto Rewards Card after Raising $30 Million

February 14, 2020  /  by Crypto.IQ
BlockFi, a popular decentralized finance (DeFi) firm with $650 million of assets under management, has successfully raised $30 million of investments from a group of venture capital firms. This money will be used to increase the number of BlockFi staff and to expand BlockFi’s product offerings. Specifically, BlockFi is aiming to launch a mobile app… Read more

IOTA Doomsday: Wallet Compromised, Network Turned Off Via Centralized Kill Switch, While the Co-founders Fight Over 65 Million Coins Stolen from Early Investors

February 14, 2020  /  by Crypto.IQ
The War On Shitcoins Episode 20: IOTA (MIOTA). The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that… Read more
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