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Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe

Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2. 1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations of falsifying accounts and market manipulation. дальше »

2020-6-26 00:30


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Is Binance Risking Future FCoin Mishaps with its ‘Build Your Own Exchange’ Platform?

The recent insolvency of the Chinese cryptocurrency exchange FCoin raises questions about the inner workings of trading venues. Some observers have reasoned that Binance’s solution to make it easier for companies to launch their own digital currency exchanges risks creating more incidents like FCoin in the future. дальше »

2020-2-20 07:10


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Bitcoin Highlighted as Lebanese Banks on Brink of Insolvency

With the global health of banks not in a good space thanks to a potential financial crisis looming, some countries have essentially thrown in the towel sending their economies into a tailspin. Lebanon is one such country that is facing a banking crisis that is not only damaging its economy but also looks as if […] The post Bitcoin Highlighted as Lebanese Banks on Brink of Insolvency appeared first on BeInCrypto. дальше »

2020-1-28 09:18


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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »

2019-4-27 01:30


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New Pwc Report on Crypto Insolvency Captures the ICO Chaos

Accounting firm Pwc’s Hong Kong branch recently released a crypto insolvency report guiding crypto business owners on what to do “when things start to go wrong.” News.Bitcoin.com spoke to the crypto head of Pwc’s Asia operations, part of the team who released the report, on how he views the current cryptocurrency landscape, the factors that […] The post New Pwc Report on Crypto Insolvency Captures the ICO Chaos appeared first on Bitcoin News. дальше »

2019-2-28 04:45


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New Insolvency Rumors Surround Bitfinex, Reports Finder

Fresh trouble could be brewing from cryptocurrency exchange Bitfinex as Finder is reporting on some unusual occurrences related to the exchange. Citing screenshots of CryptoCapital website, the intermediary which was handling Bitfinex’s banking channels most recently, Finder noted that Bitfinex had been removed from the supported exchanges list. дальше »

2019-2-5 20:34