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US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale
16.9.2020
Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets. Philip Rushton, president of Aviatrade, told news.Bitcoin.com that the first plane available for purchase via cryptocurrency is a six-year-old...
Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase
15.9.2020
Billion-dollar public company Microstrategy Inc. has bought 16,796 more bitcoins. The company has purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million. Microstrategy’s Bitcoin Investments Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoin, CEO Michael...
INX Becomes the First SEC-Registered IPO to Accept Crypto
15.9.2020
15th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has...
Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year
14.9.2020
So called decentralized finance (defi) lending platform Bzx on Sunday lost $8.1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.6 million); 4,503 ETH ($1.65 million); 1,756,351...
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
14.9.2020
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that...
NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week
14.9.2020
While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during...
Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders
13.9.2020
Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve...
Sushiswap Creator Returns $14 Million After Community Cries Exit Scam
11.9.2020
One week after the Sushiswap creator was accused of an exit scam, he has returned all of the coins he cashed out. The anonymous creator also apologizes to the community, including to Binance which came under fire for listing the sushi token. Sushiswap Creator Says ‘Sorry’ The creator...
The $700 Million Wallet Crack: Bitcoin’s 7th Largest Address Is Under Constant Attack
11.9.2020
During the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate. According to the CTO of the cybercrime intelligence firm, Hudson Rock, the wallet is being publicized on hacking...
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T
11.9.2020
A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after...
European Crypto Exchange Hacked for $5.4 Million in Bitcoin
11.9.2020
Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected...
Defi Project Yfdex.Finance Vanishes With $20M Investors’ Funds Just Two Days After Launch
11.9.2020
Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media...
Binance’s New Platform Will Connect CeFi and DeFi with $100m Fund
10.9.2020
Binance continues to chase after decentralized finance, known as DeFi, by giving its new Binance Smart Chain access to its centralized exchange
South African Crypto Exchange Luno Expanding Globally After Acquisition by Digital Currency Group
10.9.2020
Digital Currency Group has acquired South African cryptocurrency exchange Luno, which has more than five million customers in over 40 countries. The acquisition will help Luno expand globally, including across its existing markets in Africa, Europe, and Asia. DCG Committed to Helping Luno Expand...
Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report
10.9.2020
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent...
IRS doubles down, investing another quarter million dollars into tracking crypto transactions
9.9.2020
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right
Argentina Government Refuses to Pay $4M Bitcoin Ransom to Hackers Who Paralyzed Its Borders
9.9.2020
The government of Argentina has reportedly refused to pay a $4 million bitcoin ransom demanded by hackers who hijacked the country’s immigration systems, temporarily crippling cross-border movements. On Aug. 27, the cybercriminals – now identified as a group calling itself Netwalker...
Chinese mining giant Canaan announces $10 million share buyback
8.9.2020
Canaan will try to drive up its Nasdaq-listed stock from the $2 price mark
$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain
8.9.2020
According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin...
US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case
7.9.2020
A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...