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Tag Archives: Cryptocurrency

South Korea’s Biggest Cryptocurrency Exchange Investigated by Local Police, Market Drops

UPbit, South Korea’s biggest cryptocurrency exchange, was investigated by local police and 10 investigators after its headquarters in Seoul were raided. Chosun, the country’s biggest mainstream media outlet, reported that the South Korean authorities are suspecting UPbit of illicitly moving customer funds to the account of its executives. Investigation Ongoing …

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8,200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects Bitcoin Price

The Mt. Gox trustee, who was tasked to sell about 200,000 bitcoin after the bankruptcy of the now-defunct cryptocurrency exchange Mt. Gox, is suspected to have dumped another 8,000 bitcoin on the cryptocurrency market. Domino Effect As CCN reported yesterday, CNBC’s Fast Money contributor and BKCM founder Brian Kelly stated …

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Chinese Messaging Giant WeChat Shuts Down 3rd Party Blockchain App

WeChat, a popular Chinese Super App developed by Tencent which offers multiple products like messaging, social networking and payments within the same app has blocked a third party Blockchain app. WeChat is one of the world’s largest platform with more than 1 Billion active users worldwide. WeChat has support for …

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