Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.” In what appears to be a run on the crypto bank, the group intends to “apply to the Singapore courts for a moratorium,” as Vauld customers have tried to withdraw an “excess of a $197.7 million since 12 June 2022.” The decision to suspend withdrawals is a screeching U-turn. Reportedly, Vauld boasted $1 billion assets under management in May this year, while on June 16, a company email stated …

Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform. Shared on Twitter by BnkToTheFuture CEO Simon Dixon on Thursday, the three distinct proposals include either two options of restructuring and relaunching Celsius or potentially co-investing in the platform alongside wealthy Bitcoin (BTC) whales. “Proposal #1: A restructuring to relaunch Celsius and allow depositors to benefit from any recovery through financial engineering.” “Proposal #2: A pool of the most influential whales in Bitcoin to co-invest with the community.” “Proposal #3: An operational …

Celsius’ lead investor BnkToTheFuture and its co-founder Simon Dixon have offered to assist the network by deploying similar “financial innovation” used in 2016 to save cryptocurrency exchange Bitfinex from liquidation. Although the statement from Dixon on Saturday did not include specific details of the recovery plan offered to the Celsius’ board and CEO Alex Mashinsky, Dixon noted it would be similar to the one offered to Bitfinex after its hack in August 2016, which he claims was resolved within nine months: “I believe traditional finance will not have a timely solution for Celsius as we saw in the past with …

According to a report by an online monitoring web portal, Under the Breach, a hacker was able to penetrate the privacy protocols of major firms such as Trezor, Ledger and Bnktothefuture on May 24 and walk away with a host of sensitive customer data, including email addresses, home addresses and phone numbers. The documents posted by Under the Breach claimed that the hacker was in possession of three large databases that allegedly contained the details of more than 80,000 customers. In this regard, it was also rumored that the hacker was able to procure the above-stated information via an exploit …

Bitcoin (BTC) will be the only exit from the “global reset” of finance which will allow central banks to even destroy the banking system itself. That was just one conclusion from Simon Dixon, CEO of cryptocurrency funding platform BnkToTheFuture, in the latest episode of financial news program the Keiser Report on April 7. Dixon: “World’s largest regulated Ponzi scheme” is dying Discussing the global coronavirus epidemic and its impact on global finance, Dixon warned that the health aspect of the crisis was by no means its worst. “I don’t want to be dramatic, but this is a global reset in …

Cyprus based Bitcoin exchange Authenta Trade have recently been acquired by Costas Inc., providing the company with an injection of 32 mil. USD to its business plan, and to become a licensed exchange and Cyprus Investment Firm (CIF) after the approval of regulator. “AuthentaTrade wants to offer free deposit insurance, liquidity in both legacy and digital currencies, along with convenient payment options for both consumers and retailers. Our goal is to build, acquire, and connect multiple technologies to offer individuals and businesses a compelling suite of Bitcoin-related products and services for trading and payments,” says company in its announcement. The …

BraveNewCoin (BNC), a cryptocurrencies technology analysis website, raised $400K in the first week on the BnkToTheFuture global online investment platform. The added capital will allow BNC to increase its services both to the website viewers and to subscribers. Brave New Coin, funded in January 2014 is a Data and Research company focused on the Blockchain and Digital Equities industry. By collecting, indexing and building reports on countless digital assets with their market and industry activities they help developers and investors make their choices when building infrastructures or support for digital currencies. The BNC data-engine “taps into every exchange on the …