World’s Largest Bitcoin ATM Software Platform Acquired By Bitstop Founders
Andrew Barnard and Doug Carrillo of Bitstop have announced the acquisition of Genesis Coin Inc.
Genesis Coin Inc., the first and largest bitcoin ATM software platform in the world, announced that they have been acquired by Bitstop Founders Andrew Barnard and Doug Carrillo.
According to the press release sent to Bitcoin Magazine, Genesis Coin’s technology powers over 35% of all bitcoin ATM transactions around the world. Barnard and Carrillo built one of the first and largest private label bitcoin ATM platforms through Bitstop. Based in Miami, FL, Bitstop has over 2,500 bitcoin ATMs worldwide.
Three Arrows Founders’ Locations Unknown As Court ‘Manhunt’ Begins
Unconventional actions are being taken by the liquidators of the collapsed crypto hedge firm Three Arrows Capital to compel the fund’s founders into complying with the law’s due process.
After a British Virgin Islands court apparently placed the company into liquidation at the end of June, the Singapore-based firm filed for Chapter 15 bankruptcy in a federal bankruptcy court in the Southern District of New York in July.
Now, based on court documents, as traditional methods of service have failed, the court-appointed liquidators from the consultancy firm Teneo and its attorneys have asked a US judge to allow them to serve subpoenas on 3AC founders Su Zhu and Kyle Davies via their social media accounts and email addresses, Forkast and other news outlets reported, Tuesday.
Polygon Founder’s Crypto VC Firm Raises $50M Fund
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Three Arrows Founders Speak Out After Hiding For Weeks Because Of Death Threats
The disgraced founders of Three Arrows Capital spoke comprehensively about the catastrophic failure of their once-flying hedge fund after five weeks of hiding out. They said that they had received threats to their lives, which is why they remained under the radar.
Bloomberg reported on Friday that Su Zhu and Kyle Davies, both 35 years old, asserted that Three Arrows’ margin calls on loans that should never have been made because of their botched crypto investment are now descending.
Zhu and Davies blame the sudden downfall of Three Arrows to their wildly ambitious assumptions, with Zhu stating that they set themselves for a market “that never materialized.”
Three Arrows Capital Founders Nowhere To Be Found, Liquidators Say
The founders of Three Arrows Capital are nowhere to be found, a filing by advisory firm Teneo, which is expected to liquidate the remaining assets of the embattled cryptocurrency hedge fund, disclosed.
Late in June, Three Arrows filed for Chapter 15 bankruptcy in the British Virgin Islands as a result of a severe selloff in digital currencies.
The action was intended to shield foreign firms’ assets from US creditors. Three Arrows, co-founded by Kyle Davies and Zhu Su, went bankrupt after defaulting on a $ 670 million loan granted by crypto broker Voyager Digital, which has also now declared bankruptcy.
Independence Day: Why America’s Founders Would Be Bitcoiners
On this July 4th, let’s remember that America’s founding fathers wanted to create a republic based on sound money like Bitcoin.
Introduction: A Republic Built On Hard Money
On July 4, 1776, the Continental Congress approved the Declaration of Independence, marking the United States’ formal succession from Great Britain.
The Declaration contained revolutionary language, written by men willing to use violence and sacrifice their lives to throw off the bonds of tyranny and secure their rights to self-determination:
Bitcoin Maximalists Celebrate Ethereum’s ‘Demise’ amid Founder’s Scaling Concern
Ethereum developers are having trouble scaling the most prominent smart contract platform in the world. Ethereum and The Bitcoin Cash Gambit It’s that simple. Scaling something worth billions of dollars without breaking it is a monumental task. Development roadmaps have regularly been delayed. Founder and Ethereum developer Vitalik Buterin thinks that the next era of […]
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Quadrigacx Saga: Founder’s Widow Owns $5.6m Properties, Hospital Confirms Cotten’s Death
Troubled Canadian cryptocurrency exchange Quadrigacx may be newly armed with a 30-day stay from creditors, following the Feb. 5 bankruptcy hearing, but its late CEO’s widow, Jennifer Robertson, is on shifting ground as her affidavit is being picked apart by customers, experts and conspiracy theorists.
Also read: Report Claims Quadrigacx Never Held More Than 1,000BTC
Cotten’s Death Births Several Conspiracy Theories
Quadrigacx, until last year the largest Canadian exchange by traded volume, gained notoriety when it filed for bankruptcy protection, claiming that its founder and chief executive officer, Gerald W. Cotten, died in India on Dec. 9 without revealing the keys to cold wallets containing CAD $ 190 million (~US $ 145 million). A Nova Scotia Supreme Court judge on Tuesday granted Quadriga’s request for creditor protection from as many as 115,000 customers.
Indian Police Seize Unocoin’s ATM, Arrest Two Founders
One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approvals.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Several Items Seized
Indian police have seized a recently-installed kiosk operated by Bengaluru-based cryptocurrency exchange Unocoin, the Times of India reported on Wednesday.
The kiosk was reportedly located at Kemp Fort Mall on Old Airport Road in Bengaluru. It was launched on Oct. 15 as an automated teller machine (ATM). According to the police, the machine is “illegal as it had been set up without approvals,” the news outlet detailed, elaborating:
Minter Is Ready for Integration with Telegram Founder’s Project
This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Minter, a blockchain network originating from the largest Russian-speaking crypto Telegram community DeCenter, has announced its integration with Telegram Open Network (TON), the project founded by Pavel Durov, the
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Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stablecoin
With an e-commerce company leading the launch of a new stablecoin, its founders and allies believe they can really bring crypto to consumers.
Cobinhood Founders Raise $20 Million for Blockchain That Processes 1 Million Transactions Per Second
The founders of cryptocurrency exchange Cobinhood are commissioning the development of a new blockchain capable of processing 1 million transactions per second, a massive undertaking given that Bitcoin transaction can take hours to complete and Ethereum transactions range from 1-5 minutes, with even Visa’s ~2000 tx/s being dwarfed in comparison. The company behind the project
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Turcoin Ponzi Scheme Exposed, Founders Flee with Millions
Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June.
Also read: Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police
US Court Indicts Founders of Crypto Company for Fraudulent Scheme
A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $ 25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
Three Founders Indicted
The US Department of Justice (DOJ) announced on Monday that the founders of a cryptocurrency-related company have been indicted in the Manhattan federal court.
Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin
On Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors and family offices.
Also read: This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification