Report: Troubled Crypto Exchange Wex Finds New Owner

Cryptocurrency exchange Wex, successor of the infamous BTC-e, has a new owner. Dmitry Havchenko, a former Ukrainian entrepreneur turned separatist fighter, has reportedly bought the coin trading platform through a family member. He now wants to restore it and also to track down the lost “Vinnik’s treasure.” Also read: BTC-e Operator Alexander Vinnik to Go on Hunger Strike, Lawyer Says Wex Sold to Former Pro-Russian Fighter in Ukraine Wex’s operator, Singapore-based World Exchange Services, has been officially acquired by Havchenko’s daughter, 29-year-old Darya, BBC Russian Service reported. Local authorities did…

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Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature

The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature. Kik Kickstarts Its Crypto Strategy with Kin Tipping Kik, the popular messenger app for iPhone and Android, revealed today a new tipping feature that uses the company’s native Kin cryptocurrency token, reports The Next Web. The feature will be available today for a limited set of users, and will only be available on Android devices for the time being. Kik is a widely used messenger…

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Previously Inactive Whales Are Moving Large Amounts of BTC

Earlier this week, armchair sleuths began pointing out that large amounts of cryptocurrency from long-dormant addresses have been on the move. For instance, one wallet that’s been inactive since its inception in 2013 moved 66,452 BTC — worth around $245 million — to an unknown address. Hours later, a few more addresses from the top 20 rich list moved another $728 million worth of BTC.       Also read: Eight Historic Bitcoin Transactions More Than $1.5B Moved From Dormant BTC Wallets Cryptocurrency markets have been dreadfully bearish lately and have lost considerable…

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Bitwise Launches Bitcoin Fund, Driven by Client Interest

Finance Bitwise Asset Management has launched two new cryptocurrency funds, one of which only invests in BTC. The launch “is driven by inbound client interest and investor dissatisfaction with existing options,” the company says. The market downturn has also given investors “a unique opportunity to enter the market at prices many thought we’d never see again.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Two New Funds Bitwise Asset Management announced on Wednesday that it has launched two new funds: the Bitwise Bitcoin Fund and the…

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The Top 5 Barriers to Mass Adoption – And How to Overcome Them

You can’t write an article about crypto without mentioning the latest market massacre. That would be like not talking about the elephant in the room. Many people in the industry are still too new to remember Bitcoin’s many bubbles. Yet this latest one is so epic because of the amount of money bleeding out. But is there a light at the end of the tunnel? Could bitcoin’s plummeting price hold the key to mass adoption? Let’s take a look at the various factors getting in the way of mass adoption…

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3 TRON TRC-20 Tokens Worth Looking Into

Many believe that TRON’s MainNet launch meant the beginning of the end for Ethereum, as TRON now offered pretty much anything that ETH ever did, only better. While TRON never aimed at overthrowing Ethereum directly, it is possible for this to happen at some point along the way. While TRX itself started off as a token built on ETH blockchain, it managed to leave this ecosystem and create its own blockchain. Now, TRON offers others to create their tokens within the TRON ecosystem, and there are already several TRC-20 tokens…

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Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

In a landmark judgment, the Supreme Court of Chile has ruled that state-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx without explanation. The judges ruled that the bank acted in compliance with laws on money laundering and terrorist financing, a threat allegedly posed by censorship-resistant, decentralized cryptocurrencies. Also read: Finma: Crypto Startups Can Handle up to $100M Deposits in Switzerland Cryptocurrencies Lack ‘Intrinsic Value’ Cryptocurrencies such as bitcoin are not legally recognized in Chile, but they are not banned, either. Nonetheless, the ruling has significant implications for…

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Ethereum Classic Price Analysis: ETC/USD Remains Sell Near $4.40

Key Highlights Ethereum classic price declined further and even broke $4.00 against the US dollar. There is a key bearish trend line formed with resistance at $4.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to find sellers near $4.10, $4.20 and $4.40 if there is an upside correction. Ethereum classic price extended losses against the US Dollar and Bitcoin. ETC/USD remains sell on rallies if there is a recovery towards the $4.40 level. Ethereum Classic Price Analysis In the last analysis,…

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Markets Update: Cryptocurrencies Are Still Blood Red

As 2018 nears an end, cryptocurrency prices are dipping once again, having seen significant losses since the start of the year. This Wednesday, Dec. 5, the entire digital asset economy is valued at roughly $120 billion and most of the top 10 coins have lost 6-15% in value over the last 24 hours and 15-35% in the last week. Also Read: P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia The Top Digital Assets Continue to Lose Value Digital asset markets have plummeted once again to the…

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