Cryptocurrency News Overview – The Capital


Investment platform CurioInvest and Seychelles-based digital asset platform MERJ Exchange Ltd. will jointly begin offering a token backed by collector luxury cars.

The so-called Car Token (CT1) token is set to be attached to the value of collectible cars giving more people a chance to have a portion of an asset, BNN Bloomberg informed on the 30th of January, 2020.

Bitspark Shuts Down

Hong Kong-based blockchain remittance start-up Bitspark has abruptly announced its closure, citing internal restructuring issues.

On Feb. 3, Bitspark co-founder and CEO George Harrap officially announced the platform’s plans to shut down its services on the 4th of March, 2020.

According to the statement, Bitspark users will be able to withdraw their cryptocurrencies from Feb. 3 to March 4 as the platform’s functionality will stay intact over the period. After March 4, account logins will be disabled for a period of 90 days, with users being able to withdraw their funds via Bitspark customer support.

Crypto Ponzi Scheme Lures Unknown Number Of Baseball Players

Two men charged over an alleged crypto trading ponzi scheme lured investors, including professional baseball players, with social media posts boasting about their luxurious lifestyles.

On January 30, the Secret Service arrested the Arizona-based founders of Zima Digital Assets, John Michael Caruso, aged 28, and Zachary Salter, aged 27.

Caruso commonly refers to himself as “Krypto King” in social media posts and claims he’s been a cryptocurrency investor since 2012. He has a criminal history and was last released from prison in late 2017.

Cryptojacker Convicted In Japan

A Japanese court has demanded a man who infected website visitors with cryptocurrency mining malware face justice — after acquitting him.

As local daily news outlet The Mainichi reported on Feb. 7, the Tokyo High Court overturned a previous ruling which cleared the man, who was not named, of any wrongdoing.

Justin Sun, Tron Founder, Finally Meets Warren Buffett For Charity Lunch

On Jan. 23, Sun met with Buffett in a private not-for-profit country club in Nebraska, according to a press release shared with Cointelegraph on Feb. 6. The guests also included the founder of Litecoin Foundation, Charlie Lee, the CFO of Huobi, Chris Lee, the head of the Binance Charity Foundation, Helen Hai, and the CEO of eToro, Yoni Assia.

Indian Crypto Community Gets a Excited With The Start Of A New IEO

Source: Google.co.in

Despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India, WazirX — the Indian cryptocurrency exchange recently acquired by Binance — launched its WRX coin through an initial exchange offering on Binance Launchpad. On Feb. 5, 2020, WRX coin became available for live trading on Binance. The move was dubbed as a big achievement for the Indian crypto industry, as it will likely lead to global recognition.

Earlier, Cointelegraph reported that the 9,033 winners of WazirX’s token sale on Binance Launchpad were announced. Over 20,000 users participated and more than 136,000 tickets were claimed.

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