Crypto

Bcause bets it all on bitcoin

Bcause bets it all on bitcoin

On Thursday, August 8, Judge Janet Baer continued the current round of proceedings in Bcause’s ongoing federal bankruptcy case until September 4.  Bcause demonstrated to the court there is hope a confirmable reorganization plan can be...

What is going on at LedgerX?

What is going on at LedgerX?

LedgerX may have launched trading on the contract market platform designated by the CFTC in June as reported by the cryptocurrency press on July 31. According to details shared exclusively with CoinDesk, the online news service that broke the...

Can LedgerX Deliver?

Can LedgerX Deliver?

On Monday, June 24, the CFTC licensed LedgerX as a futures market and it joined the ranks of the CFTC triply crowned: swap execution facility (SEF), derivatives clearing organization (DCO) and now designated contract market (DCM). CME and ICE...

Bcause: “Not There Yet”

Bcause: “Not There Yet”

The hearing on WESCO’s motion to lift Bcause’s bankruptcy protection and/or to remove the bankruptcy court’s stay on a lower court’s order to pay WESCO continued on Monday, June 24.  WESCO, an electrical equipment supplier, has asked the court...

Bcause’s Next Steps in Bankruptcy

Bcause’s Next Steps in Bankruptcy

Bcause LLC, the failed cryptocurrency trading platform and mining services provider, was back in court on Friday, June 21, on a motion by WESCO, a secured creditor, to be paid now, before the remaining cash in the enterprise is dissipated....

Phishing for trouble (and bitcoin)

Phishing for trouble (and bitcoin)

If you get an email from someone who quotes poetry at you before demanding bitcoin under the threat of physical violence, don’t panic - you’ve probably just been hit by a phishing attack. Phishing accounts for the vast majority of cyber...

Mining Troubles Take Down Ecosystem

Mining Troubles Take Down Ecosystem

Judge Janet Baer presided over a motion hearing on June 5 in the bankruptcy proceedings of Bcause, ”the world’s first full-stack cryptocurrency ecosystem.”  Bcause’s full stacks include mining, spot trading and futures trading, as well as a...

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