Investments

Matic Network Allocates 100% of Team & Foundation Tokens to Staking in Second Token Unlock

Source Node: https://coinfomania.com/matic-allocates-staking-second-token-unlock/?utm_source=rss&utm_medium=rss&utm_campaign=matic-allocates-staking-second-token-unlock
Time Stamp: April 7, 2020 9:27 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Matic Network has shared vital information on how they intend to allocate its second batch of tokens scheduled to be released later this month. According to the project, the need to provide clarity on the details of the “second token unlock” is imperative to address any future concern or confusion, while adding that the token allocation is designed to be favorable to both token holders and the entire Matic Network ecosystem.  The Matic’s token supply is to be allocated based on five distinct categories such as Teams, Advisors, Foundation, Ecosystem,

New Zealand Financial Regulator Warns Public About ‘Profit Bitcoin’ Scam

Source Node: https://cointelegraph.com/news/new-zealand-financial-regulator-warns-public-about-profit-bitcoin-scam
Time Stamp: April 6, 2020 10:53 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Amid the apparent global surge of cryptocurrency-related scams, New Zealand’s financial regulator has warned the public against another suspected Bitcoin (BTC) investment scam scheme.In an April 6 statement, the country’s major financial watchdog, the Financial Markets Authority (FMA), issued an official warning against “Profit Bitcoin” — an alleged get-rich-quick scam that promises returns by using software that “wins” Bitcoin trades with “99.4% accuracy.”Scam purportedly involved false claims from the New Zealand’s governmentThe FMA noted that the entity and its website, theprofitbtc.com, have the “hallmarks of a scam,” emphasizing that Profit

Bitcoin’s Hedging Performance in the Wake of the Coronavirus Outbreak

Source Node: https://cointelegraph.com/news/bitcoins-hedging-performance-in-the-wake-of-the-coronavirus-outbreak
Time Stamp: April 4, 2020 5:46 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to be its worst single-day loss ever. However, on Thursday, March 12, 2020, the Dow then recorded the fifth-largest drop in modern history based on percentage points by a staggering amount of almost 10%. Unfortunately, the losses did not stop there. Four

Crypto Traders Allegedly Involved in a $35m Ponzi Scheme

Source Node: https://cointelegraph.com/news/ecrypto-traders-allegedly-involved-in-a-35m-ponzi-scheme
Time Stamp: April 3, 2020 1:02 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Three alleged cryptocurrency traders ran a Ponzi scheme which scammed more than 100 investors for over $35 million, according to a lawsuit filed by an entity formed by the victims in a federal court of Florida, United States.According to an announcement published on April 2, Q3 Investment Recovery Vehicle, who represents defrauded investors, accused the trio of alleged crypto traders of cheating victims by promising them a winning trading formula. Former NYSE and Wells Fargo workers among the accused The federal securities fraud case names three individuals as the primary perpetrators of

Binance Set To Launch Bitcoin Options Amid Many Other Developments

Source Node: https://insidebitcoins.com/news/binance-set-to-launch-bitcoin-options-amid-many-other-developments/256363
Time Stamp: April 3, 2020 8:26 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

There are a few certainties when it comes to reporting within the crypto industry. Binance extending its offerings is one such thing, even amid a global pandemic. It doesn’t happen every day, it might not also occur every week, but Binance will always expand, it seems. The company has established itself as a heavyweight in the industry and doesn’t seem to be keen on letting that title go.Incorporating Options To Its ArsenalAs a testament to this, Binance has announced yet another new development to its service offering, adding Options trading

Spanish Tax Watchdog Puts 66,000 Crypto Traders on Notice

Source Node: https://cointelegraph.com/news/spanish-tax-watchdog-puts-66-000-crypto-traders-on-notice
Time Stamp: April 3, 2020 12:26 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

The Spanish tax authority has begun sending out warning notices to 66,000 cryptocurrency holders to remind them of their tax obligations.According to Europa Press, the Agencia Estatal de Administración Tributaria (AEAT) began the campaign on April 1, and will keep firing off letters until June 30 in the midst of the national COVID-19 crisis.The 66,000 notices represents a sharp increase from 2019, the first year of the campaign, when a reported 14,700 notices were sent out. The tax watchdog is also targeting those who earn income abroad and from real estate

1.1 Million In USDC Invested Into Uniswap and PoolTogether By Coinbase

Source Node: https://insidebitcoins.com/news/1-1-million-in-usdc-invested-into-uniswap-and-pooltogether-by-coinbase/256195
Time Stamp: April 2, 2020 8:55 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Coinbase, one of the world’s heavyweight exchanges, has recently invested 1.1 million in USDC to the decentralized finance protocols of PoolTogether and Uniswap.Pushing In 1.1 Million In USDC To Smart ContractsAccording to the announcement the San Francisco-based crypto exchange had made, the funding itself comes from its USDC Bootstrap Fund. This Fund was created back in September of last year, with an initial funding clocking in at $2 million. The move itself comes as a bid from the exchange to stimulate the growth of the USDC within the Decentralized Finance