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USD 200m Hacker Group Targets American, Japanese Crypto Exchanges
25.6.2020
A security firm has warned that a group of hackers named CryptoCore has been raiding crypto exchanges – and may have amassed a USD 70 million crypto pot, leaving a USD 200 million trail of damage in its wake.
Per a report from Clear Sky Security, CryptoCore is thought to comprise individuals based...
Buy Stablecoins With Your Credit Card in Lumi Wallet
24.6.2020
Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card. The highest grossing stablecoins on the crypto market are fully integrated for exchange and purchase in-wallet. Transactions under...
KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal
24.6.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
On June 24, 2020, KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market added support for US Dollars (USD), meaning traders can buy cryptocurrencies like USDT, BTC and ETH with USD via PayPal...
Average Price of Bitcoin More Than Quadrupled Between Reward Halvings
23.6.2020
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging. If an individual was to invest $10 a week into purchasing bitcoins since July...
Sparrow Raises USD 3.5 Mil in Series a Funding
23.6.2020
23 June 2020, Singapore – Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC. Kenneth...
British Money Printer Goes BRRR: Bank to Buy USD 125bn of Bonds
18.6.2020
The Bank of England – the UK’s central bank – has sent its money printers into full BRRR mode, agreeing to essentially create USD 125 billion worth of pound sterling as the coronavirus pandemic continues to disrupt the British economy.
Per the BBC, the bank’s nine-member governing council voted...
Bancor Discovers Security Vulnerability, Drains USD 460,000 Of User Funds
18.6.2020
Bancor, an on-chain liquidity protocol for Ethereum and other blockchains, has discovered a security vulnerability. The team informs that upon discovery it has used a white-hack attack to migrate all funds at risk to safety, and all user funds are secure, although the situation is still...
PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’
18.6.2020
PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users
Sender of USD 5.3 Million ETH Transactions Reportedly Revealed
17.6.2020
It seems that the victim of last week's USD 5.28 million Ethereum (ETH) fee transactions has been revealed.
Blockchain analytics and security firm PeckShield claims to have identified the sender - a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange...
South Korea Announces USD 680M ‘Digital New Deal’ + More News
16.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
The South Korean government has announced a USD 680 million spending plan on a post-COVID 19 “Digital New Deal,”...
China’s Government Fuels Stablecoin Economy: Hong Kong Protesters, Singapore and Mainland Residents Flee Capital Controls
13.6.2020
A recent study published by Amun researcher, Eliézer Ndinga, shows that USD-pegged stablecoins are being leveraged in Hong Kong as “vehicles for capital control flight.” The report shows how individuals from mainland China, Singapore, and Hong Kong are moving their capital out...
US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’
12.6.2020
On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher...
South Korean Police Bust Suspected USD 41.5M Ethereum Crime Ring
12.6.2020
Police in Seoul, South Korea, have searched and seized data from at least two unnamed crypto exchanges in the hunt for the masterminds of a suspected ethereum (ETH) fraud ring believed to be worth at least USD 41.5 million.
Per reports from KBS and Joongang Ilbo, the ring made use of multi-level...
Bitcoin Users Could've Saved Half a Billion USD in Fees - Report
11.6.2020
Network fees must be paid, but what if you don’t have to pay as much? Bitcoin (BTC) users could've saved around half a billion USD in network fees had there been a full SegWit and batching adoption, according to Bitcoin startup Veriphi.
Per Veriphi’s latest report, almost half a million blocks...
Another USD 2.6M Paid in Ethereum Fees - Many Doubt it's a Mistake
11.6.2020
Source: Adobe/djjeep_design
Another USD 2.6 million in fees was paid for a different Ethereum (ETH) transaction, and people are doubting that this is a mistake as previously thought.
The Cryptoverse was surprised by yet another small value sent with a dizzying fee within 24 hours. Compared...
Crypto Derivatives Blossomed In May, Celsius Hit USD 1B + More News
5.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchange news
Derivatives represented 32% of the crypto market in May, compared with 27% in April, according to a report...
USD 100,000 'Reserved' of USD 1M in Bitcoin Giveaway by Draper Goren Holm
5.6.2020
Blockchain venture studio Draper Goren Holm pledged to give USD 1 million in Bitcoin (BTC) to celebrate their annual blockchain-focused conference going digital, with almost 1,000 sign-ups already.
The venture studio focused on incubating and accelerating early-stage blockchain startups was founded...
Ousting the Greenback: USD Still King as BTC and CBDCs Mount Challenge
4.6.2020
The advent of digital money will threaten the U.S. dollar’s global dominance, but it won’t be easy to dethrone the current global reserve currency
Bitcoin Drops Below USD 10,000, Erases 24 Hour Gains in Minutes
2.6.2020
After staying above USD 10,000 for around half a day, bitcoin (BTC) dropped below this important level once again, in 10 minutes erasing all its gains in the past 24 hours.
At pixel time (15:07 UTC), BTC trades at USD 9,557 and is unchanged in a day. The price is still up by 8% in a week and 14%...
America’s Most Wanted: USD 5m Bounty Offered for Venezuela Crypto Boss
2.6.2020
America has slapped a USD 5 million bounty on the head of Joselit Ramírez Camacho, Venezuela’s head of cryptocurrency – accusing him of “having deep political, social and economic ties to multiple alleged narcotics kingpins.”
In an official release, the American Immigration and Customs...