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Tag Archives: Faces

Coinbase Commerce Announces Addition of New Features, Faces Increasing Competition

Coinbase Commerce has announced the addition of new features and plugins being added to their platform in a recent announcement. The move to add new features comes as Coinbase Commerce is facing increased competition from their competitors. WooCommerce Plugin WooCommerce is the most popular eCommerce platform on the web with almost 50,000,000 downloads. The platform allows businesses to sell a variety of ...

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OKEx Faces a Major Long Position Liquidation Problem

There’s never a boring day in the world of Bitcoin and cryptocurrency. Some new form of drama seems to unfold at every possible turn. A new discussion on Reddit focuses on a major long position which was liquidated on the OKEx platform. It seems unlikely this open loss will be repaid, which could have all kinds of troublesome consequences. The ...

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HitBTC Faces More Backlash Due to Stringent KYC Requirements

Cryptocurrency exchanges play a vital role in the world of Bitcoin and altcoins. Not every exchange has a solid reputation, which is only to be expected. HitBTC is facing a lot of scrutiny over its KYC procedures for verifying user accounts. It seems this situation is only getting further out of hand as time progresses. HitBTC Issues Are Growing Worse ...

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SALT Lending Faces Some Major Setbacks

Various cryptocurrency firms have tried their hand at the lending business. Most of those firms have failed, for rather obvious reasons. It now seems SALT Lending is headed in the same direction, as the project has allegedly suffered some big setbacks over the past few days. SALT Lending Is Struggling It is evident there are some challenges for cryptocurrency firms ...

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Swiss Crypto Mining Firm Faces Enforcement Action for Potentially Unauthorized ICO

The Swiss Financial Market Supervisory Authority (FINMA) has launched enforcement proceedings against crypto mining firm Envion AG over its potentially unauthorized token sale, according to a FINMA press release today, July 26. Swiss-based Envion AG is an off-grid mining company that claims to use decentralized, clean energy to power its mobile mining units, and completed its month-long Initial Coin Offering ...

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EOS Faces Constitutional Crisis over Frozen Accounts

“Consensus by conference call” — that’s how one critic characterized the on-chain governance model employed by the nascent EOS network in the wake of several high profile incidents involving block producers. Most recently, the network’s 21 block producers — organizations who verify transactions and validate blocks — froze seven EOS accounts allegedly belonging to thieves who had stolen funds by ...

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Ethereum Price Watch – ETH/USD Crashes Below $500, Faces Tough Climb – Crypto Currency News

Key Highlights: Ethereum continued its decline on Thursday, crashing below the pivotal $500 level to a one-month low. ETH/USD is currently on a downward trend testing a major support level at $460. A major resistance level has been established at $490. ETH/USD Facing Tough Climb Following a sharp decline in the cryptocurrency market this past weekend, Ethereum continued its decline ...

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LA Trader Faces Prosecution for Illegal Bitcoin-Fiat Exchange

A Bitcoin trader in Los Angeles, California is facing prosecution for allegedly running an unregistered multimillion dollar Bitcoin-fiat money transmitting business, NBC LA reported yesterday, June 11. Under her pseudonym the ‘Bitcoin Maven’, Theresa Tetley, 50, reportedly earned at least $300,000 annually from her black market business, which ran between 2014 and 2017 via a listing on localbitcoins.com. The U.S. ...

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