Category: crypto


The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up This Year


The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up This YearOn February 25, onchain analysts noticed two 2010 block rewards that were transferred after sitting dormant for over a decade. A lot of old blocks have been spent in 2021, and after the large strings of 2010 block rewards spent on January 3rd and 10th, another massive string of 20 block rewards from 2010 were […]


Arca to Join the Bitcoin Trust Race Competing Against Numerous Crypto Fund Rivals


Arca to Join the Bitcoin Trust Race Competing Against Numerous Crypto Fund RivalsAnother firm is joining the bitcoin trust sector, as the California fund manager Arca has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its Arca Accredited Investor Bitcoin Trust. The trust will compete with a number of competitors including Grayscale’s popular bitcoin investment vehicle GBTC. Arca Files With the US SEC […]


Coinbase Files for IPO via Direct Listing on Nasdaq — Valuation Soars Above $100 Billion


Coinbase Files for IPO via Direct Listing on Nasdaq — Valuation Soars Above $100 BillionCryptocurrency exchange Coinbase has filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC). The company has chosen the direct listing route and has applied for its shares to be listed on Nasdaq. Coinbase filed Form S-1 Registration Statement for its IPO with the SEC on Thursday. The company revealed in […]


Blockchain Australia ousts retail merchant crypto project Qoin


Blockchain Australia has terminated Qoin’s membership of the association amid allegations that the crypto project is a pyramid scheme.

Blockchain Australia — the industry body for the novel tech in the country — has expelled Qoin, a retail merchant crypto project based in Gold Coast, Queensland.

According to a notice of disciplinary action issued on Feb. 19, Blockchain Australia initially served Qoin with a summons to respond on Jan. 29.

However, Qoin reportedly failed to respond to the notice, forcing Blockchain Australia to expel the project from its membership ranks. Detailing its decision, the notice reads:

“On 17 February 2021, the Board of Blockchain Australia, having considered the Notice and the Response and the circumstances of the matter, resolved, pursuant to the Constitution, to terminate the Member’s membership of Blockchain Australia. The former Member has been asked to cease the use of the Blockchain Australia logo and name in connection with their business or promotional activities.”

However, the Qoin team claims that it was not given ample time to respond by Blockchain Australia. Speaking to Cointelegraph, Andrew Barker, the project's chief marketing officer said that Qoin was appalled by the industry body's decision:

“The fact that a National Association like BCA has chosen to attack rather than support Qoin, being the largest Australian-based Digital Currency project that engages over 400 families that service 28,000 validated merchants and near 50,000 Qoin wallet holders, is simply bewildering to us.”

According to Barker, Blockchain Australia is acting on allegations propagated by third-party entities who have expressed such views on social media channels like Twitter. The Qoin website no longer displays the project’s membership to Blockchain Australia.

Indeed, Blockchain Australia’s action comes amid allegations that Qoin is a crypto pyramid scheme. Tweeting back in January, crypto educator and founder of Nuggets News Alex Saunders stated:

According to Qoin’s website, the project works by incentivizing retail merchants to accept the crypto with over 28,000 participants according to the website. However, critics like Saunders say members are unable to cash out from the system.

According to the country’s consumer law, pyramid schemes are illegal and participants in such programs face fines of up to 200,000 Australian Dollars.

Blockchain Australia did not immediately respond to Cointelegraph’s request for comments.




How PIVX Is Bootstrapping the Revival of Privacy Coins


Throughout its history, PIVX has marked many firsts on the crypto market. These include being the first PoS project to use zk-SNARKs, masternodes, blockchain governance, deflationary mechanisms, and private staking. With a solid value proposition and numerous achievements under its belt, PIVX makes use of innovative technology to create a privacy-oriented paradigm within the cryptocurrency […]



Pionex Is a Crypto Exchange With Built-in Automated Trading Tools You Can Trust


Pionex Is a Crypto Exchange With Built-in Automated Trading Tools You Can TrustThe international Pionex cryptocurrency exchange has been one of the fastest growing trading platforms in Asia in 2020 and it is now set to capture even more of the global market in 2021. What makes Pionex so popular is the trustworthy team of professionals behind it and the top notch automated trading tools that it […]


Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells


Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm's Institutional Arm SwellsOn Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round. Blockchain.com says the financing comes at a momentous occasion, as the firm’s wallets have seen 65 million created to-date in over 200 countries. […]


Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies


One of the largest darknet marketplaces for selling identity data and stolen credit card information, Joker’s Stash retired last month after making off with a cool $1 billion in cryptocurrencies. Weeks ago, U.S. and European officials seized some of the web portal’s servers tied to Joker’s Stash site, but were unable to completely shut operations […]


2021 Crypto Market Stats Show a Number of Other Coins Gained More Than Bitcoin


2021 Crypto Market Stats Show a Number of Other Coins Gained More Than BitcoinDuring the end of 2020 and into 2021, a great number of digital assets have seen significant gains and the bearish season that followed 2017 has turned its course. Bitcoin touched an all-time price high on February 11, 2021, reaching $49k per coin and three-month stats show bitcoin is up 198%. Despite the phenomenal 90-day […]






Paxful Celebrates the Real Reasons People Use Bitcoin Everyday With #BitcoinForAll Giveaway


Paxful Celebrates the Five Reasons People Use Bitcoin Everyday With #BitcoinForAll GiveawayPaxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, is celebrating the real reasons people use bitcoin everyday with a special $15,000 giveaway. The platform helps millions to have access to payments, e-commerce, remittances, wealth preservation and philanthropy with bitcoin. What Real People Use Bitcoin For With bitcoin’s incredible recent rally it is […]





Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack


Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True AttackFollowing the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestop shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number of cryptocurrency advocates believe the […]





By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close