Winklevoss: ‘Crypto Doesn’t Need Rules,’ Cryptocurrency Companies Do

Contrary to their Gemini billboard slogans, crypto doesn’t actually need rules, clarified Cameron Winklevoss. Instead, it’s companies that deal in cryptocurrencies that require “thoughtful” oversight, particularly in light of the recent QuadrigaCX fiasco. Winklevoss: Crypto Doesn’t Need Rules, But… It’s no secret that the Winklevoss twins have been championing the ‘sanitization‘ of cryptocurrency. With their…

Read more »

QuadrigaCX’s Deceased CEO Personally Funded User Withdrawals In 2018

The exchange also lost its legal representation, but at least it seems like its late CEO was a nice guy. We almost went one whole week without a single QuadrigaCX development, but the Canadian cryptocurrency exchange has now added a few more folds to a story that has become a veritable cootie catcher. On March…

Read more »

QuadrigaCX co-founder Michael Patryn’s history worrisome

Another day dawns and even more upsetting news emerges for QuadrigaCX customers. One of QuadrigaCX’s founders, Michael Patryn, allegedly was convicted of crimes, changes his name, and possible wasted away millions by trading cryptos. Canadian news outlet The Globe and Mail did a bit of investigative reporting into Patryn. They uncovered several documents of an…

Read more »

Court Approves QuadrigaCX’s Extended Stay Of Proceedings

You can’t always get what you want, but if you try sometimes, you just might find, you get 45 extra days and a new CRO. Troubled Canadian cryptocurrency exchange QuadrigaCX and its court-appointed monitor, Ernst & Young (EY), spent March 5 in court working out the details for an extended stay of proceedings and the…

Read more »

QuadrigaCX Founder’s Widow Seeks Court Costs Compensation – BTCMANAGER

Jennifer Robertson, the widow of Gerry Cotten, the late founder of the now-defunct QuadrigaCX cryptocurrency exchange has asked the court to repay her legal costs to the tune of C$300,000 ($225,000), reports Bloomberg on March 5, 2019. Repayment Request The QuadrigaCX saga resumes; as per sources close to the matter, Jennifer Robertson, the widow of…

Read more »

Is Bitcoin (BTC) Sliding in Response to QuadrigaCX Disappointment?

Bitcoin prices down 2.2 percent Five of the six QuadrigaCX cold wallets are empty Transactional volumes drop, demand could see participation pick up to above 37k Even with Bitcoin (BTC) liquidation, bulls have the upper hand as long as prices are trending above Feb 18 low. In that case, risk-off traders may search for entries…

Read more »

Kraken Offering $100K Reward for Discovery of QuadrigaCX Coins

Any idea of the whereabouts of the missing QuadrigaCX coins? Kraken is offering a $100K reward if you do. Kraken Continues to Self-Police the Industry Ever since inception, Kraken has made more efforts than most in the cryptocurrency space to fight against crypto theft. In the absence of stricter regulation, in fact, the Kraken history…

Read more »

QuadrigaCX was keeping customer funds in a safety deposit box

Millions of dollars might be sitting in a tiny little drawer, just waiting to be found. A 2014 podcast interview with QuadrigaCX’s former CEO, Gerrald Cotten, revealed that the exchange was keeping some of their assets in offline paper wallets, stored in safety deposit boxes. On March 12, 2014, Cotten sat down to be interviewed…

Read more »

BitGo Announces $100M Insurance for Its Customers' Crypto Assets Through Lloyd’s of London

Photo: BitGo / Medium Security of digital assets remains one of the main issues for cryptocurrency holders. This type of assets is still rather new for a wide audience which causes a number of worries and concerns. A new wave of fears was caused by the situation with the major Canadian crypto exchange. This month,…

Read more »

Bad Streak for Bitcoin Exchange QuadrigaCX: Another $400k Lost

Photo: Pixabay Though from childhood we hear from everyone that it’s important to stay an optimist in any situation, for Canadian crypto exchange QuadrigaCX it may be rather difficult now when one trouble is just followed by another one. What Happened As CoinSpeaker has already reported, the exchange has faced with a risk to be…

Read more »

A Dead CEO, Lost Keys, and the Ire of Thousands of Canadians: Ernst & Young Has its Hands Full

Ernst & Young will be appointed by the Canadian Apex Court on February 5th to investigate the intrigue surrounding Canada’s QuadrigaCX crypto exchange. After months of withdrawal issue complaints, the CEO has reportedly died in India, taking the private keys to the exchange’s cold wallets with him to his grave. Also read: Grizzled – Welcome the…

Read more »

Failed Exchange QuadrigaCX Claims $190 Million Lost Amid Speculation of Foul Play

A series of increasingly curious events continue to unfold around QuadrigaCX, Canada’s largest cryptocurrency exchange. The service has closed, claiming to have lost access to most of its funds. However, analysts have uncovered what may be transfers of the so-called inaccessible cryptocurrencies, as well as evidence of accounting inconsistencies surrounding the exchange’s handling of its…

Read more »