Trump’s Crypto Venture Secretly Built A Way To Freeze Your Funds, Investor Cl...

Ripple, the so-called decentralized payment network, has frozen funds worth more than US$1 million that belong to the company’s former co-founder Jed McCaleb. Since their initial launch, Ripple has represented themselves to the public as a payment network of “decentralized” gateways that convert different assets or types of payments—such as bitcoin or Paypal—into IOUs tradeable in the Ripple network. On August 1, 2014, Ripple introduced a feature called “Balance Freeze” which allowed the network’s gateways to freeze and prevent funds from being traded, an action that they claimed was....

United States President Donald Trump’s crypto venture is facing fresh scrutiny after a government watchdog said the project sold tokens to buyers linked to hostile or sanctioned actors, including entities tied to North Korea and Iran. Related Reading: NBA Star Strikes Gold In Forgotten Bitcoin Stash – Details The watchdog’s findings have added a political […]

The Russian Ministry of Interior has rejected a request filed by clients of Wex to do its part in the blocking of crypto funds removed from a wallet controlled by the now-defunct crypto exchange. Over 10,000 ETH have been recently withdrawn from the wallet and transferred to other platforms. Wex Victims Try to Freeze $46 Million of Cryptocurrency Lost to Bankrupt Russian Exchange The Investigation Department of the Ministry of Internal Affairs of Russia (MVD) has refused to act on a request from victims of crypto exchange Wex to take steps aimed at seizing digital assets worth $45.9....

Silicon valley based Bitcoin startup 21 Inc. recently admitted to have raised a whopping $116 million in venture funding. In the past one year and a half, 21 was secretly collecting small chunks of funds from investors like Andreessen Horowitz, Khosla Ventures, and several other firms. The company's CEO and co-fonder Matthew Pauker also revealed eBay cofounder Jeff Skoll, PayPal cofounders Max Levchin and Peter Thiel and Expedia CEO Data Khosrowhahi as one of the 21 Inc.'s investors. However, the name of one investor that surprised the entire community was Qualcomm Ventures - a renowned....

BTC China, which is now the world's largest Bitcoin exchange, has received a whopping $5 million in Series A investor funds from venture capitalists from Lightspeed China Partners and Lightspeed Venture partners. It's a lot of money, and it's absolutely needed. The exchange has been growing so rapidly and has passed Mt. Gox as the number one exchange, with an average of 90,000 BTC trades daily (about $5.4 million at the current exchange rate). Bobby Lee, who heads BTC China says the money will be used for "general operating expenses", but to also "aggressively grow and expand the....