Category: Crypto News

Cryptocurrency Exchange Cubits Shuts Down After $33M Scam

Exchanges 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

New Bitcoin ATM Tracker Site Launches in Russia

News A new website showing a map of cryptocurrency teller machines and other points of sale has been launched in Russia. The platform currently provides information about bitcoin ATM locations in the city of Moscow but its developers plan to expand its coverage globally. Also read: French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

The Daily In Friday’s installment of The Daily, we update a story we first reported on yesterday – the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. We’ll begin, though, by covering a slice of crypto crime concerning “bitcoin bandit” Nicholas Truglia. Also read: Digital Currency Platform Revolut

Chatter Report: Voorhees Questions ‘Smart Money’, Sechet Explains ‘Miners Don’t Vote’ Declaration

News In today’s Chatter Report, Erik Voorhees criticizes cryptocurrency-focused venture capital firms for reneging on their signed term sheet deals. Also, Steve Patterson calls out Amaury Sechet over Chris Pacia’s comment that miners don’t vote. Lastly, imaginary_username contemplates on the different roles of miners and users in Bitcoin.  Also read: BCH Devs Discuss Securing Instant