Crypto News Platforms 

Early BitMEX Investor Files Suit Against the Platform

“In November, it was revealed that email data belonging to the customers of BitMEX had been leaked during a security breach” writes Nick Marinoff for livebitcoinnews.com. BitMEX – one of the world’s largest and most prominent bitcoin and cryptocurrency exchanges – is being sued by one of its early investors over potential fraud and lost equity.Court documents suggest that Hayes may have worked to conceal the equity owed to Amato and to hide information relating to his investments. Source: livebitcoinnews.com

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Crypto News 

QuadrigaCX Victims Request Proof of Gerald Cotten’s Death By Exhuming Body

“In October, the widow of Gerald Cotten, Jennifer Robertson, handed over $9 million in assets to the users of the QuadrigaCX crypto exchange” writes Joeri Cant for cointelegraph.com. Cotten’s death and the significant losses” sustained by users of the cryptocurrency exchange.The law firm further points to publicly available information about the debacle surrounding the Canadian crypto exchange, which, in the firm’s view, further highlights “the need for certainty around the question of whether Mr.Cotton reportedly died in India from a fatal disease in December 2018, taking with him the private…

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Crypto News 

US Court Dismisses $150 Million Lawsuit Against Crypto Exchange FTX

“The judge of the United States district court in California has dismissed the lawsuit brought against crypto derivative exchange FTX for market manipulation and the sale of unlicensed securities in the US. As Finance Magnates reported earlier, the lawsuit was filed by an entity called Bitcoin Manipulation Abatement LLC and demanded $150 million from the exchange in punitive and exemplary damages” writes Arnab Shome for financemagnates.com. Meanwhile, in August the company raised $8 million in a seed funding round from well-known crypto venture capitals including Proof-of-Capital, and Consensus Lab.P. 12(b)(1)…

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Crypto Futures News Platforms 

Wall St. to Washington: Bakkt Launches New Products, CEO Joins Senate

“Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures” writes Stephen O’neal for cointelegraph.com. In two weeks, the all-time high rose to 452 BTC futures contracts per day.Bakkt’s main feature is physically delivered BTC futures contracts, which the platform actively marketed ahead of launch.However, the offers of both Chicago exchanges are settled in cash, while the ICE-backed platform debuted physical one-day BTC futures contracts. Source: cointelegraph.com

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Crypto News Platforms 

Crypto Exchange Coinbase Pro Is Adding Support For Orchid Trading

“Major American cryptocurrency exchange Coinbase is adding support for Orchid (OXT) on its professional trading platform Coinbase Pro” writes Joeri Cant for cointelegraph.com. In October, Coinbase introduced a mobile app for Coinbase pro customers.According to a blog post published by Coinbase on Dec. 12, Coinbase Pro will start accepting OXT deposits starting Friday, Dec. 13, “for at least 12 hours prior to enabling full trading.” The company also noted: As the company has done in the past, Coinbase Pro will ramp up to full OXT trading in four steps: transfer-only,…

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Crypto Futures News 

BitMex Investor Sues the Exchange for $300 Million

“Crypto futures exchange BitMex has been sued for $300 million by an early investor under the charge of fraud, Bloomberg reported on Thursday” writes Arnab Shome for financemagnates.com. The seed investor is seeking $50 million of the value of his equities, along with another $250 million as punitive damages. Meanwhile, the futures exchange was involved in a massive controversy recently when it accidentally leaked the personal emails of a number of its customers.The lawsuit was brought in by Frank Amato and RGB Coin, who claimed to be the first seed…

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News Platforms 

Binance Announces Partnership With Paxful Enabling 167 Fiat Currencies

“Major cryptocurrency exchange Binance announced a partnership with peer-to-peer (P2P) crypto trading platform Paxful with the aim to enable the P2P platform as a Binance fiat gateway” writes Adrian Zmudzinski for cointelegraph.com. Furthermore, in November Binance added support for buying Bitcoin and other cryptocurrencies with the Turkish lira and partnered with stablecoin operator Paxos to implement its fiat gateway.As Cointelegraph reported, the exchange also announced the launch of its fiat gateway for Latin America today. Source: cointelegraph.com

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Crypto News 

Binance Adds New Fiat Payment Options Through Integration With P2P Exchange Paxful

“You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments” reports coindesk.com. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment…

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Crypto News 

Bitcoin Exchange BitMEX Faces $300M Investor Lawsuit Over Lost Equity

“In total, the investor is seeking a giant $300 million settlement” writes William Suberg for cointelegraph.com. Following Amato’s initial investment, the exchange purportedly received another $30,000 from startup accelerator SOSV, which would trigger Amato’s contracted equity conversion.A former JPMorgan derivatives trader is suing one of the world’s biggest cryptocurrency exchanges for $300 million after it allegedly failed to deliver his equity.Amato says he was among the first seed investors in BitMEX in 2015, contributing $30,000 on the understanding he would later receive equity in the company. Source: cointelegraph.com

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Crypto News 

Director of Uganda Exchange Dunamis Coins Questioned Over Alleged Scam

“Last week, Live Bitcoin News reported on a story involving a cryptocurrency exchange known as Dunamis Coins Resources Limited, based in Uganda” writes Nick Marinoff for livebitcoinnews.com. The news comes as sort of a relief in the sense that Uganda does not recognize digital assets as legal money.The exchange was requiring all those interested in seeking consideration for its crypto and blockchain-based jobs to donate $5.The trouble was that about a month later, the exchange went dark, and all who applied lost money.The exchange was under fire from users who…

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