The Criminal Past of Quadriga’s Co-Founder Has Been Revealed

The mystery surrounding the disappearance of $ 190 million in crypto from Canadian exchange Quadriga deepened as it was revealed the surviving founder is a reported ex-con who served 18 months in a federal U.S. prison for identity theft, bank fraud and credit card fraud. Michael Patryn, who founded Quadriga with Gerald Cotten, has been revealed as Omar Dhanani. After denying this and disputing reports linking him to his criminal past, records were obtained showing that Patryn legally changed his name twice, six years before he founded Quadriga with Cotten. Here are today's top legal stories ⬇ 1. Omar Dhanani, now

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Analysts: New Zealand Tragedy ‘Stunned Markets,’ Launched Gold Past $1,300

In the wake of a historically dreadful shooting in New Zealand, one of the statistically safest countries in the world, you would be forgiven for thinking that financial markets would be reeling from the horror of seeing 49 people gunned down. NZ is not the United States in terms of gun violence – the last time that more than ten people died in a shooting was 1990, nearly 20 years ago. Instead, there was an apparent bout of risk-on, with major US indices like the Dow Jones and Nasdaq rising sharply on the day. One area where analysts did believe

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Bitcoin Price Crawls Past $3,800 – But You Shouldn’t Trust This False Recovery

The bitcoin price started Monday with a small recovery to compensate for Sunday’s massive losses, but crypto investors shouldn’t get their hopes up. Bitcoin (BTC/USD) established its intraday high at $ 3,861, up around 1 percent for the 24-hour period. On Sunday, the pair dropped approximately 10 percent in just 9 hours – a dump, precisely. It started consolidating upwards after finding a new low at $ 3,721. At the same time, the bitcoin market reported lower intraday volume and volatility, indicating that the bearish action was still far from over. Bitcoin Price Faces Stiff Resistance above $ 4,200 In late November 2018,

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Newsflash: Bitcoin Price Rips Past $4,100, Crypto Market Cap Hits $139 Billion

The bitcoin price broke higher on Saturday, ripping past the psychological resistance at $ 4,000 and briefly stretching above $ 4,100. The flagship cryptocurrency had been hovering in the low $ 3,900s for most of the week after touching $ 4,000 on Feb. 18. Trading volume had begun to decline, leading some analysts to question whether the market was going to consolidate before making another push higher. However, overall cryptocurrency market trading volume spiked back toward $ 27 billion on Saturday, enabling the bitcoin price to launch as high as $ 4,137 on Bitstamp before settling back down to a present value of $ 4,090. Other top

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Dow Secures 9-Week Winning Streak, Roars Past 26,000 with Minutes to Spare

The Dow Jones Industrial Average rallied on Friday to rescue its nine-week winning streak, and the US stock market bellwether further crossed another milestone by edging across the 26,000 mark minutes prior to the closing bell. Dow Creeps Higher for Ninth Consecutive Week The Dow jumped by 181.18 points or 0.7 percent to 26,031.81. The S&P 500 rose 0.64 percent but fell short of 2,800, and the Nasdaq outperformed with its 0.91 percent rally to round out a positive end to the US stock market’s weekly trading session. Friday marked the first time since November that the Dow had closed

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