One of the most popular cryptocurrency exchange platforms had long been accused of standing behind a market manipulation scheme that led to the 2017 bubble. In October 2019, iFinex Inc., the company behind Bitfinex found that a class-action lawsuit had been filled in New York Southern District. The class-action had
Latest Crypto and the Market News by Crypto Frontline
Another year passed and we wish a Happy New Year to all people celebrating the holiday. Unlike 2018, the cryptocurrency market performed positively, as a whole, with the large-cap tokens leading the market recovery. On January 1st, the global market cap started at $127.3 billion and on December 31st it
On December 24th, Rakuten Wallet Inc., a consolidated subsidiary of Rakuten Group and an operator of a crypto-asset exchange business, announced a new service that will allow customers holding Rakuten Super Points to convert them into crypto assets using the Rakuten wallet app. Back in February, we’ve seen how the
A new wave of selling hit the cryptocurrency market during the afternoon of December 18th, triggered by a Bloomberg report citing a Chainalysis claim that a multi-billion-dollar Chinese Ponzi scheme had been dumping cryptocurrencies for the past few months and could continue to do so in the near term. Ether
Up until a year ago, hardware wallets were considered to carry the highest level of security, but a series of researches had proven that even when using them, there could be some vulnerabilities exploitable by hackers. Vulnerabilities in Ledger and Trezor, two of the most popular hardware wallets, had been
It’s November 28th and we wish a happy Thanksgiving to all people celebrating today! Coincidence or not, the holiday spirit caught most of the cryptocurrencies in green, as the market started to recover from the lowest levels seen in months. Despite some positive expectations, cryptocurrencies took a dive during the
The cryptocurrency market had almost reached the $200 billion threshold after a new round of selling had pressured most of the prices. Online publications are debating which might have been the reason behind this aggressive selling, but based on our assessment, this looks like a mini “pump-and-dump” scheme, which is
A November 11th report from The Business Times shows that JP Morgan, the largest US bank, and The Monetary Authority of Singapore (MAS) have managed to create a prototype for a multi-currency blockchain-based payments network. JP Morgan had already announced earlier this year that it will launch its own stablecoin,
Last week was all about the latest news coming from China, a country that decided to embrace the blockchain technology. We’ve mentioned at then that there was no mention of cryptocurrencies, yet the market cap jumped impulsively higher. In order to calm the water, The People’s Daily, a publication under
The cryptocurrency market took a V-turn on Friday, October the 25th, apparently supported by a piece of legislation passed by the Standing Committee of the 13th National People’s Congress in China. Although there is no mention of cryptocurrency in the law, since it refers only to cryptography, the market treated
