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$ 28 Million Frozen on QuadrigaCX Exchange

Quadrigacx Gecikmeler için Major Bankasını Suçluyor

Canadian Crypto Crypto Stock Exchange QuadrigaCX Blames Major Bank for Delays

The Globe and Mail reported that on October 8, Canada's largest crypto money exchange QuadrigaCX is charged with legal proceedings from a large bank for delays in paying customers money.

The Vancouver-based crypto-money exchange QuadrigaCX was launched in 2013 and is known as the first stock in Canada licensed by the Financial Transactions and Reports Analysis Center (FINTRAC) in Canada. At the time of the press, Quadriga's daily trading volume is around $ 600,000 per CoinMarketCap. the quadriga reportedIt is reported that the Canadian Imperial Trading Bank (CIBC) has experienced difficulty in accessing 21.6 million dollar funds since January, as the stock exchange freezes five accounts of the payment processor. Costodian Inc. and the owner, Jose Reyes, completely froze the accounts due to the inability to identify the owners of the bank funds.

According to CIBC, from December 4, 2017 to February 20, 2018, 388 users reportedly invested $ 51.8 million in their accounts. Later, some of these funds were withdrawn and accounted for $ 21.6 million.

According to Globe and Mail, CIBC should keep the disputed funds from the court. And QuadrigaCX asked Costodian to decide whether it was 388 users who had invested funds. Quadriga later accused the bank of the bank's money accidentally freezing. He claimed that he was the undisputed owner of most of the funds because he had no sah proof Rak of rival claims. Quadriga said:

. This court should not submit to the bank's groundless and highly offensive speculation, because Quadriga's business is a trading platform for those working in crypto-money trading. “

Gerald Cotten, CEO of Quadriga, said the legal issue has caused delays for a in small part “of 350,000 users of the change. None of the allegations were proved in court according to the Globe and Mail. Cotten said:

Bize There are delays in some withdrawal options, because CIBC keeps millions of dollars of payments that belong to us, especially one of our payment processors. “

According to Cotten, the number of participants in the crypto space closed by the banks is an surprising tarafından. According to Globe and Mail, Quadriga told customers that the banks in Canada had ine plotted ın against crypto jobs.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph