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U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

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Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $ 32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients. 

Also read: Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

Exchange Enters Into Voluntary Administration

The administration means that investors cannot deposit or withdraw funds until further notice. It’s not clear how much worth of bitcoin the exchange was holding on behalf of customers at the time of closure.  Read more...

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Cubits Revolutionizes iGaming Industry With Hybrid Fiat/Bitcoin Solutions

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It is no secret how there seems to be a major opportunity for digital currency to gain mainstream adoption in the iGaming world. Even though Bitcoin adoption is still fairly slow when looking at things on a global wallet, companies like Cubits are working hard to pave the way. Thanks to this convenient wallet service, iGaming operators from all over the world can accept Bitcoin payments without too much hassle.

Also read: Bitcoin Trading Volume in Kenya Doubles Amidst Safaricom Turmoil  Read more...

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Bitcoin Casino ATM Lets Users Instantly Top Up Their IGaming Account

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Bitcoin and iGaming seem to go hand in hand these days, as the ever popular digital currency offers iGaming merchants an extra revenue opportunity. During the ICE Totally Gaming conference, which is currently ongoing, one of the days was completely dedicated to Bitcoin. It was during that day we were presented with a new breed of Bitcoin ATM, developed by SoftSwiss and Cubits.

SoftSwiss & Cubits – Bringing Bitcoin to iGaming

SoftSwiss is a company well known for their casino software, or to be more precise, their Bitcoin casino software. SoftSwiss recognized the potential of Bitcoin as a rapidly emerging alternative to both electronic money and traditional currencies. Online gamblers highly value their anonymity, and Bitcoin is offering exactly that option.  Read more...

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Sci-Fi Coin Week : Cubits – Colonial Treasury!

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To continue our Sci-Fi week, we are stepping away from the Star Trek universe for now. It’s time to introduce Cubits to you.

Any true Sci-fi fan will know that Cubits is a “government regulated currency” used in the Battlestar Galactica universe.

To create a cryptocurrency, called “Cubits”, and make it exactly the opposite of government regulated, only adds to the fun if you ask me.

Cubits is a SHA-256 cryptocurrency, also supporting both Proof-of-Work and proof-of-Stake, just like Gold Pressed Latinum.

Considering there are only 58 million Cubits ever generated, you’d better not spend too much time at the bar drinking, or gambling!  Read more...

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Sci-Fi Coin Exchange Launching Soon!

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What do Sci-fFi & cryptocurrency have in common? That’s right, a lot of tech savvy , passionate people. Sometimes referred to as “geeks” or “nerds”, there are the people who are developing the services everyone in the future will use. And I’m sure you will use their new & upcoming project : the SciFi Coin Exchange !

There are a bunch of Sci-Fi coins in circulation, such as Cubits, FireFlyCoin , United Federation of Planets Credit System, to name a few. We have also witnessed the landing of UFO, and earlier today we mentioned the soon-to-be released AlienCoin. It’s not like we’re being invaded or anything, but you’ld better make sure to be in the right alliance. (Go Browncoats!)  Read more...

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