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Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers


CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data. It is unclear whether customer information was also compromised. Reuters reported that the bitcoin wallet...

BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic


While many institutions struggled to recover from the market downturn experienced in March, publicly traded, blockchain focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285% in Q2 2020, through well timed investments in both Bitcoin (BTC) and Ethereum (ETH), and crossed the...

Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value


The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows...

BitMEX-affiliated Firm Leads USD 3.4m Investment in S African Exchange


The investment arm of a new company operated by the creators of derivatives platform BitMEX, has spearheaded a USD 3.4-million cash injection in VALR, one of Africa’s biggest crypto exchanges. Per a press release shared with Cryptonews.com, the Series A equity round of funding in the VALR exchange...

Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards


Mastercard said Monday it had granted Wirex principal membership status, becoming the “first” native cryptocurrency outfit to do so. The membership allows Wirex, a London-based digital payments firm, to issue payment cards directly to consumers, making it easier for people to buy, hold...

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