The irreversibility of cryptocurrency transactions presents a unique challenge for recovering stolen assets. The seed funding round was led by Framework Ventures and other investors.
CoinDesk
Large Dogecoin Holders Take Advantage Of Price Recovery To Dump Their Bags
In the space of one week, the price of Dogecoin has already pumped tremendously. The meme coin is already up more than 150% in a 7-day period to reach a new six-month high of $ 0.16. During this time, investors have no doubt taken advantage of the situation to actually sell some of their coins for a profit. Most notable of these have been the largest DOGE investors, who have dumped millions of dollars worth of tokens.
Crypto Exchange Zipmex Meets Thai Regulators To Discuss Next Steps Of Recovery
Crypto exchange Zipmex has planned to meet with the Thailand Securities Exchange Commission along with other regulators to discuss the recovery plan. Zipmex had recently submitted a letter which will request to schedule meetings with the security regulators.
This meeting shall also include the crypto firm’s potential investors. The exchange had suspended the withdrawals in the month of July due to a financial crisis. A meeting that involves Thailand’s SEC and investors of Zipmex is important before a funding deal is finalized.
Zipmex stated,
Crypto Twitter Sees ‘Bearish Wedge’ Pattern in Bitcoin’s Price Recovery
The rising wedge has strengthened the case for a renewed sell-off toward $ 16,400, one observer said.
CoinDesk
Crypto Lending Platform Celsius Discloses A New Recovery Plan
Crypto lending platform Celsius Network had filed for bankruptcy on July 13. A month prior to that the crypto lender had ceased withdrawals along with transfers from accounts. Celsius representatives appeared in court which is in relation to the company’s bankruptcy hearing.
It has now disclosed through a presentation what its next step towards recovery would be. The crypto lending platform has worked to provide a financial oversight in order to procced with restructuring. This document that Celsius has prepared, mentions how it shall form a plan to allow the users to take cash or choose for ‘long crypto’.
DeFi Tokens Are The Winners Of The Recovery Trend With Double-Digit Gains
The decentralized finance (DeFi) space has not been left out of the relief rally that has been rocking the crypto market. While other top coins are doing well, the DeFi tokens seem to have taken this one step further as they make a splash across the charts. With Ethereum leading the charge, these DeFi tokens have seen more gains than any other group of cryptocurrencies in the space.
Bitcoin Price Recovery Banishes Slump as Momentum Tests $12,000
On strictly regulated crypto exchanges such as Coinbase, the bitcoin price fell to $ 9,700 on July 2, recording a 30 percent drop from its yearly peak at $ 13,868 achieved in late June. In the past two days, within a 48-hour span, the bitcoin price has shown rapid recovery from $ 9,700 to $ 11,800, demonstrating a four […]
The post Bitcoin Price Recovery Banishes Slump as Momentum Tests $ 12,000 appeared first on CCN Markets
Markets Update: Crypto Prices Show Strong Recovery After Binance Loss
Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($ 40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well.
Also read: $ 500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction
“Clear and Robust Strategy” Nets 0.023% Recovery of Bitfinex’s Hacked Funds (So Far)
According to an official statement published on February 25, 2019, Bitfinex has revealed that the United States government returned 27.7 BTC (worth about $ 105,000 USD) to the exchange, as part of restitution for a hack that was effected on the exchange back in 2016.
The returned tokens represent just 0.023 percent of the bitcoin stolen in the infamous 2016 hack.
Bitfinex said that U.S. federal law enforcement informed them in November of last year that it had obtained access to the stolen funds.
Bitfinex CFO Giancarlo Devasini was full of praise for the efforts of law enforcement officers in the recovery, stating:
BCH Devs Lock in Code for the Chain’s Next Upgrade: Schnorr and Segwit Recovery
On Feb. 14, a group of Bitcoin Cash (BCH) developers sat down and discussed the featured items for the scheduled upgrade this coming May. According to the programmers, two specific features will be ready for the upgrade: Schnorr signatures and Segwit recovery. The developers also detailed that certain features like nullfail and the 100-byte transaction size will not be ready for the May hard fork.
Also read: Cryptocurrency Can Now Be Purchased at 10,000 French Tobacco Shops
Bitcoin Price in Recovery Mode – Will it Close the Week on a High Note?
The bitcoin price on Friday posted a modest 0.9 percent surge as it corrected from its ascending channel support level and sought to climb back into bullish territory. Bitcoin Price Charges Back Toward $ 3,500 The bitcoin-to-dollar exchange rate (BTC/USD) established its intraday low at $ 3,371 right at the beginning of the Asian session. The pair consolidated until the European trading hours kicked in, after which it underwent a modest correction. The positive sentiment rippled through the US trading session, during which BTC/USD established an intraday high at $ 3,458. The upside correction appeared despite a shocker from Canada. QuadrigaCX, the region’s
Dow Jones Sess Stunning 10% Recovery, But This One Key Factor Could Fuel Even More Growth
Since January 3, within a one-month span, the Dow Jones Industrial Average has recovered from 22,682 points to 25,102 points, by more than 10 percent. It has been a stunning 30 days for the Dow Jones, which was at risk of entering a bear market after falling by 19 percent from its all-time high. The short-term recovery of the Dow was mainly attributed to the Federal Reserve rate, which is expected to remain stable in the range of 2.25 percent to 2.5 percent. But, another key factor may have largely affected the sentiment around the U.S. stock market throughout the
Ripple’s XRP Jumps 10%, Leading Wednesday’s Crypto Market Recovery
The cryptocurrency market moved higher on Wednesday with XRP (XRP) leading the way up 10.2% on the day to $ 0.317137. As first pointed out by Mati Greenspan, an analyst for eToro, the current market rally followed the XRP surge, which occurred roughly 5 minutes before other major cryptocurrencies began to increase in price. Indeed, it does appear […]
SludgeFeed
Bitcoin Price: Technicals Say ‘Sell!’ Despite Wider Crypto Market Recovery
The cryptocurrency market experienced a minor-to-moderate recovery on Wednesday, but that doesn’t mean the mood has turned bullish. The Bitcoin price’s technical factors still favor selling, even as the asset pushes back toward $ 3,500. In the altcoin markets, Bitcoin SV has continued its long-running slide from glory over the past few days of trading. At present, a single BSV coin is worth less than 1 Dash. Bitcoin Price Flashing ‘Strong Sell?’ Bitcoin earned a sell rating across markets. On itBit, its rating was “strong sell.” The Bitcoin price was different everywhere, making for arbitrage opportunities as large as the day
Why the US Debt Machine Should Make Investors Wary of the Dow Jones Recovery
By CCN.com: Since early 2018, virtually every type of debt in the U.S. has achieved an all-time high, surpassing trillions of dollars, and that should make Americans wary of the recent recovery seen in the Dow Jones Industrial Average and wider U.S. stock market. Don’t Trust the Dow Jones Rebound Investors including Doubleline Capital founder
The post Why the US Debt Machine Should Make Investors Wary of the Dow Jones Recovery appeared first on CCN
Trump Faces Speedbump in China Trade Deal: Will This End the Dow Jones Recovery?
By CCN.com: On January 23, the Trump administration reportedly rejected the offer from China to send two vice-ministers to the US to continue the trade talks. The Dow Jones, which has been on a decline since January 18, may face a major trend reversal. Following a steep decline from 25,826 points to 21,792 points in
The post Trump Faces Speedbump in China Trade Deal: Will This End the Dow Jones Recovery? appeared first on CCN
Traders: Bitcoin Price Recovery Above $3,400 May Lead to Strong Short-Term Rebound
By CCN.com: On January 22, in a steep a sell-off, the Bitcoin price dropped from $ 3,615 to $ 3,401 by around six percent on the day. Although a continuous fall below the $ 3,400 mark could have led to an extended sell-off throughout January, traders have said that the rebound of Bitcoin from a key support level … Continued
The post Traders: Bitcoin Price Recovery Above $ 3,400 May Lead to Strong Short-Term Rebound appeared first on CCN
Investor: Bitcoin is Undervalued, Individuals Building on it Will Lead to Recovery
Over the last 48 hours, following a large loss on Christmas, the Bitcoin price has recovered back to around $ 4,000. The dominant cryptocurrency, which still holds a market valuation of over $ 64 billion, has demonstrated wild volatility in a wide price range from $ 3,100 to $ 4,300 throughout December, struggling to recover to November levels. Last
The post Investor: Bitcoin is Undervalued, Individuals Building on it Will Lead to Recovery appeared first on CCN
Abrupt Recovery: Bitcoin up 7% in Minutes, Ethereum Rises 13% from Day’s Low
Within nine minutes, the Bitcoin price surged from $ 3,625 to $ 3,900, by 7.5 percent. Other crypto assets like Ethereum (ETH) followed, recording a 13 percent upswing from the day’s low. Although Bitcoin and the rest of the crypto market only recovered to Thursday levels, the unforeseen turnaround of the short-term trend of crypto assets led … Continued
The post Abrupt Recovery: Bitcoin up 7% in Minutes, Ethereum Rises 13% from Day’s Low appeared first on CCN
US To Provide Regulatory Clarity On Crypto: Token Recovery In Sight?
According to a report released by Kate Rooney, a markets reporter at CNBC, two congressmen — Warren Davidson and Darren Soto — are preparing a bipartisan bill to exclude crypto from the country’s securities law. The bill, entitled “Token Taxonomy Act,” is set to be introduced to the House in the months to come in
The post US To Provide Regulatory Clarity On Crypto: Token Recovery In Sight? appeared first on CCN