Posts by CryptoDude

    Max Keiser Interview: Buy Bitcoin, 'Leave Alts to Dickheads Like Jamie Dimon'

    Max Keiser

    Max Keiser once again shared his thoughts with Bitcoinist on the latest happenings in France, how Russia may use Bitcoin for its strategic reserves, and why Bitcoin is king while altcoins should be “left to dickheads like Jamie Dimon.” Bitcoinist: What' have you been up to lately? Anything interesting in the works from Max Keiser? Max Keiser: What's new? Our new series on RT, "GONZO Max and Stacy," debuting on December 23. We're back on

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    The post Max Keiser Interview: Buy Bitcoin, ‘Leave Alts to Dickheads Like Jamie Dimon’ appeared first on Bitcoinist.com.

    TRON Giveaways and Promotions Kickoff for the Holiday Season

    Coin cryptocurrency Tron on the background of the main altcoins Ethereum, dash, monero, litecoin, Iota.

    Tron giveaways have started for the holiday season. The first industry players to launch such giveaways with Tron are Blockchain Cuties and Changelly. While Blockchain Cuties is offering new Tron themed sets for its users, Changelly is offering merchandise, cash prizes and three blocks of 8888 TR to users. Bitcoin Cuties' New Tron Themed Sets Bitcoin Cuties […]

    TRON Giveaways and Promotions Kickoff for the Holiday Season was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

    Report: Financial Criminal Allegedly Revealed as Figure Behind 'Blockchain Terminal' ICO

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    The man behind the “Blockchain Terminal” (BCT) Initial Coin Offering (ICO) has been ousted as a financial criminal who concealed his former identity from employees and investors alike. An investigation into the circumstances were published Dec. 11 on news outlet The Block Crypto

    The BCT project and its affiliated firm, CG Blockchain, are alleged to have raised as much as $31 million in an ICO to launch a crypto-focused version of the ubiquitous “Bloomberg Terminal” — a highly-successful financial data and trading tool for the traditional financial sector.

    According to the report, BCT’s glossy “institutional-grade” tool for crypto “trading professionals” had at its helm a man who operated as “Shaun MacDonald,” but was in reality a convicted fraudster, Boaz Manor, who had received a four-year prison sentence in Canada in 2012 for siphoning $106 million from a Toronto-based hedge fund he co-founded.

    The Canadian fund reportedly had $800 million in assets under management at its peak from 26,000 investors: Manor was also found guilty of using investors’ money to purchase $8.8 million worth of diamonds that later disappeared.

    Having agreed to a lifetime ban from the securities industry, Manor-turned-MacDonald withheld his conviction and identity from his colleagues at BCT, reportedly “growing a beard and [dying] his hair red.” While formally assigning the company’s presidency to Bob Bonomo — former chief information officer at $500 billion asset management firm AllianceBernstein — MacDonald was reportedly the primary driver behind the BCT venture.

    Although it marketed its $999 “Blockchain Terminal” to crypto hedge funds — a 32-inch “HD Terminal” with a hardware private key — the company is alleged to have raised most of its funds via a lucrative $31 million ICO for its native BCT token, which launched in September 2017.

    One of the project’s purported investors is the high-profile crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner, who tweeted his endorsement of the Blockchain Terminal in June, and is alleged to have invested as much as $1.3 million in the company’s ICO, according to two unnamed sources.

    NeuNer yesterday stated he had “lost a ton” of his own cash investing in the BCT “fraud,” but accused The Block of “defamatory” misreporting, and falsely claiming to have reached out to contact him for comment on the story.

    NeuNer has not responded to Cointelegraph’s request for comment by press time.

    Besides MacDonald’s misrepresentations, the Block reports that Bonomo “quietly resigned” from BCT in summer, following which MacDonald revealed himself as Manor to his employees, and purportedly ceased to pay them. With Manor’s whereabouts “unclear,” BTC has now rebranded as BCT Inc., and announced in late October its Terminal would go on sale in to the public.

    In June, the Bloomberg Terminal announced that it would begin listing crypto exchange Huobi's Cryptocurrency Index, as well as nine crypto-trading pairs.

    Source: https://cointelegraph.com/news…d-blockchain-terminal-ico

    Ex-Mt. Gox CEO Karpeles Denies Embezzlement as Prosecutors Call for Ten Year Jail Term

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    The former CEO of defunct Japanese Bitcoin exchange Mt. Gox, Mark Karpeles, could spend ten years in jail over alleged embezzlement, Japanese daily news outlet Nikkei reported Dec. 12.

    Karpeles, who presided over the major hack of Mt. Gox in 2014 that resulted in the loss of 850,000 BTC ($2.87 billion), has repeated denied any wrongdoing.

    In a Tokyo court on Wednesday, prosecutors read out an indictment against the embattled executive, who is currently confined to Japan as a condition of his bail, claiming he stole funds worth 340 million yen ($3 million). The prosecution has asked for a ten-year prison sentence for Karpeles’ alleged embezzlement.

    While not connected to the hack itself, Karpeles has attracted the attention of authorities as part of the investigation into how Mt. Gox lost so much money.

    He has often protested his innocence and publicly appealed to affected traders, speaking to his regret at the events.

    The exchange continues to conduct civil rehabilitation proceedings, which should see victims compensated for their losses.

    According to Nikkei, Karpeles today denied he “hacked and stole” money on his own, as well as manipulated Mt. Gox ledgers and used the embezzled funds to pay for property rent, furniture and business acquisitions.

    It remains unknown when the trail will conclude, the publication added.

    Japan continues to safeguard its local exchange sector after another major hack this January saw crypto exchange Coincheck lose over half a billion dollars of altcoins to malicious parties.

    Source: https://cointelegraph.com/news…ll-for-ten-year-jail-term

    TRXMarket: A New Decentralized Exchange on the Tron (TRX) Network Is Now Live

    Earlier today at 4am UTC, the first decentralized exchange on the Tron (TRX) network that offers TRC20 token trading was launched. The exchange known as TRX.Market, is also the first Decentralized exchange that is outside the Tronscan.org platform that currently only caters for TRC10 standard tokens. The team at TRX.Market made the announcement via twitter as […]

    The post TRXMarket: A New Decentralized Exchange on the Tron (TRX) Network Is Now Live appeared first on Ethereum World News.

    Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market

    Currently, when crypto believers generalize every Wall Street banker to be a Bitcoin critic, a celebrated hedge fund manager and former Goldman Sachs executive changed his perception. Mike Novogratz is a now a name beyond the mainstream finance, and perhaps among the only consistent voices speaking in favor of bitcoin even after its 80 percent-plus...

    The post Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market appeared first on NewsBTC.

    Reports: Crypto Exchange Kraken to Plan Private Offering After '$4 Billion' Valuation

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    United States cryptocurrency exchange Kraken is considering a private offering to high net worth investors, Finance Magnates reported Dec. 12, quoting emails sent by the company.

    Kraken, which is currently the subject of a lawsuit over its support of the competing forks of altcoin Bitcoin Cash (BCH), has reportedly valued its shares at $4 billion.

    According to Finance Magnates, executives are now offering select major clients to whom the email was sent a chance to acquire further equity, subject to a minimum investment of $100,000.

    “The transaction process will be done by a 3rd party service, who will run accredited investor checks, facilitate the execution of transaction documents, and the funding of your investment,” the email reportedly states.

    Those involved have until Dec. 16 to signal their interest, and will undergo vetting for eligibility prior to participating, Finance Magnates added.

    Kraken had not responded to a request for comment by Cointelegraph at press time.

    Last month, fellow exchange Coinbase informally ruled out holding an Initial Public Offering (IPO) after it was valued at $8 billion.

    Kraken has sought to upend ongoing regulatory demands in the U.S. in recent months, being one of just four exchanges to reject a request for information from New York authorities in September as part of their crypto exchange inquiry.

    The current Bitcoin Cash lawsuit focuses on alleged collusion to manipulate control of the altcoin and “centralize its network” following the contentious hard fork on Nov. 15.

    The fallout from the event continues, with rival factions laying blame on each other for various problems. Bitcoin.com CEO Roger Ver and Bitmain co-founder Jihan Wu are also named in the lawsuit.

    Source: https://cointelegraph.com/news…after-4-billion-valuation

    What to Expect from 'The 12 Days of Coinbase' Event

    The popular cryptocurrency exchange of Coinbase launched a new 12 day event similar to the popular Christmas carol of ‘The 12 Days of Christmas’. The Christmas carol has been long known to be a song that talks about giving gifts to loved ones in a 12 day period. In the classic song, the value and […]

    The post What to Expect from ‘The 12 Days of Coinbase’ Event appeared first on Ethereum World News.

    Interview: Stephen Innes Says Crypto, Bitcoin to "Grind Higher" Over Next Decade

    Just two weeks ago, “cross-asset trader” Stephen Innes, head of Pacific-Asia trading at Oanda, took to Bloomberg TV to convey his thoughts on late-2018’s crypto market tumult. After his short guest appearance on the network, he was quickly classified as a Bitcoin (BTC) bear, due to his expectation that the popular digital asset could fall below $2,500. Yet, through...

    The post Interview: Stephen Innes Says Crypto, Bitcoin to “Grind Higher” Over Next Decade appeared first on NewsBTC.

    Allianz GI CEO Kicks Bitcoin While it's Down, Wants Crypto "Outlawed"

    Although Bitcoin (BTC) has experienced an unquestionably dismal 2018, with BTC losing 80% of its value since its year-to-date high, there are still a number of skeptics hell-bent at putting the crypto industry six feet under. Case in point, the chief of a world-renowned financial institution, set in its traditionalistic ways, recently lambasted this nascent...

    The post Allianz GI CEO Kicks Bitcoin While it’s Down, Wants Crypto “Outlawed” appeared first on NewsBTC.