Nowhere does the phrase ‘misfortunes don’t come singly’ appear to be truer than in the case of Hong Kong-based cryptocurrency exchange Gatecoin which has been hacked, had its banking accounts frozen, lost funds to a payment processor and now faces liquidation all in a span of three years. In a statement, Gatecoin revealed that it has to ‘cease operation with immediate effect’. According to Gatecoin, its current predicament was triggered by problems it experienced with banking partners. This saw it turn to a French-regulated payments firm but it soon ran into problems with the payments processor. Gatecoin Bites the Dust

The post Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze appeared first on CCN

You may be interested

shares3 views

Dream Market Shuts Down: Has the DEA Claimed Another Darknet Victim?

Brian Evans - Mar 26, 2019

After almost six years in operation, Dream Market is calling it quits. CCN has confirmed rumors of the shutdown. Since the original message was unsigned, there is…

jussie smollett
shares3 views

Jussie Smollett Wrist Slap is an Absolute Slap in the Face to Real Victims

Brian Evans - Mar 26, 2019

The Jussie Smollett case may be over, but the Empire star’s bizarre hate crime hoax leaves an awful mess in its wake. Have a little bit of…

shares2 views

Hershey Chocolate Company Joins Blockchain Advertising Consortium

Brian Evans - Mar 26, 2019

Leading chocolate production company, The Hershey Company, has joined blockchain-based consortium AdLedger

Most from this category

%d bloggers like this: