Bitsnapp weekly #4 — Two exit scams in one month

Pure Bit, South Korean exchange, has disappeared pocketing more than $30 million worth of user funds

Bitsnapp
Bitsnapp
3 min readNov 11, 2018

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Winners and Losers (TOP 50)

Winners
Losers

Recap

The SEC determined that the ERC20 token exchange EtherDelta offered a platform to trade digital asset securities, without being registered as an exchange. For this reason, the founder of EtherDelta Zachary Coburn was charged and consequently paid a fine of almost $400,000.

Pure Bit, South Korean exchange, has disappeared pocketing more than $30 million worth of user funds. The exchange was funded with an ICO earlier this year, and it’s the second exit scam this month, the first one being MapleChange.

Binance, the largest cryptocurrency exchange in the world, is launching a new division called Binance Research, in order to provide “in-depth analysis and data-driven insights of digital assets.”

The Bitcoin Cash hard fork is scheduled for the 15th of November, but many exchanges are preparing to support the newly-forked currencies.

News

SEC Charges EtherDelta Founder Over ‘Unregistered Securities Exchange’

Crypto Exchange in South Korea Pulls Exit Scam, Stealing $30 Million

https://cryptoslate.com/crypto-exchange-in-south-korea-pulls-exit-scam-stealing-30-million/

Binance is launching Binance Research in an effort to keep projects accountable

Bitcoin Cash Hard Fork Dilemma: What is The Future of BCH?

Major Banks Finalize First Syndicated Blockchain Loan for $150 Million

Vitalik: Ethereum (ETH) Can Scale to 500 tps Using ZCash’s ZK-SNARKs

Planting Bitcoin — Soil (3/4)

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Bitsnapp
Bitsnapp

Android crypto portfolio tracker, API sync for exchanges and mining pools, address tracking for many coins, charts, news and much more! https://bitsn.app