Early Tuesday morning, Bitcoin made the largest price surge in recent memory. Growing in value from just $4,180 USD to $5,080 in a short window, the cryptocurrency gained 22% while most of the country slept. Now, a number of analysts think that this surge could mark the start of the next bull run.
During a FinTech meeting held in Chicago on March 18th, Mayor Ralph Emmanuel made it very clear that he wants his “Windy City” to pioneer the ongoing worldwide crypto revolution.
When you think things can’t get any worse, they usually do. Now, 115.000 QuadrigaCX crypto investors, who trusted QuadrigaCX fintech solutions with their hard-earned money, are still waiting with empty hands for their money back or at least for some answers. Unfortunately, as the QuadrigaCX case unfolds it seems that things are getting shadier than ever. It seems that one of the co-founders have a dark past he was trying to hide by changing his name and hiring IT experts to purge his questionable past. Omar Dhanani, now known as Michael Patryn used to be a known con-artist in the US. American authorities charged and arrested him for trying to pull up numerous scams. These scams include credit-fraud, identity theft, and burglary. Continue reading “Surviving QuadrigaCX Co-Founder Has A Criminal Record”
For the past few weeks, Canadian financial regulatory authorities have been considering regulating cryptocurrency exchanges in the country. The QuadrigaCX scandal seems to be yet another reason for the regulatory agencies to intervene in the”Wild West” they consider the cryptocurrency industry to be.
Coffee chain Starbucks has reached an equity deal with US cryptocurrency platform Bakkt. The Block reported that they received a “sizable equity cut” and that Starbucks will be heavily involved in the process of developing the app. For receiving this equity, Starbucks will allow Bitcoin to be used to purchase drinks at their stores. Bakkt has a vision of creating a new global market to trade and store online assets in the form of crypto.