Bitcoin Scams Swindle Singapore Investors for $78,000 in 3 Months. 6th December 2018 by Web Master. Between September and November 2018, a total sum of $78,000 was lost to cryptocurrency scammers in Singapore after they used a series of strategies involving spreading false information about fake investments online to attract investors. A Straits Times report reveals that the scams were ... The founder of TrueDigital, Sunil Hirani said; “Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities…But the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other ... Bitcoin experienced its first massive jump in value during the 2013 Cyprus banking crisis when, after squandering their customer’s money on foolish, risky investments, Cypriot banks used depositor funds to bail themselves out. With each additional crisis event the allure of bitcoin expands, tempered only by the coin’s volatility. Bitcoin traders are gladly remarking that Bitcoin’s price trajectory has been positive for the last five consecutive days, without significant pullbacks. Bitcoin trading firms are joining forces to entice big institutional investors into the vibrant cryptocurrency market. Digital Asset Holdings is in negotiations with investors for a US$35 million funding round that will value the firm at US$100 million. The company hopes to close the round by Christmas Eve, reported the New York Post. Founded in 2014 by financial markets entrepreneurs Donald Wilson and Sunil Hirani, Digital Asset develops technology that leverages distributed ledgers to improve the settlement ... After a single meeting with founder Sunil Hirani of True digital, it was like he had an epiphany, as he learned about their goals of tokenizing fiat through a blockchain payment system. He said that their work is “not just a conceptual thing and that he believes that the grip on reality that they have with the ebbs and flows of the financial system is their greatest feature. With the ability ... Bitcoin’s price might not be all that right now, but Coinbase, a US-based digital currency wallet, wants to pay its customers a reward for holding on to its stablecoin. Unlike Tether, a popular stablecoin that was purportedly fully backed by US dollars but then revealed it wasn’t, Coinbase’s stablecoin is fully backed by dollars on deposit in a bank. Millionaire investor and Shark Tank star Barbara Corcoran has revealed that buying a home with bitcoin is the future. Her comments come at a time when cryptocurrency’s market capitalization has been plummeting for months now coupled with gruff criticism from some quarters. In a recent interview with Money, Corcoran intimated that buying and selling a home … Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme To Evade Bitcoin Regulators ; Digital Asset — The Early Formulation. The company, founded in 2014 by Sunil Hirani, Don Wilson ... Ethereum, the second largest digital currency, dropped by 9.78 percent over the last 24 hours, falling to $621 at 7.05pm on March 14 after opening at $690.83.. At 9.04am, the token fell further ...
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