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Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition
2.7.2020
Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the year before. Localbitcoins did not provide detail about net profit. The Finnish...
$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts
2.7.2020
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts....
A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies
2.7.2020
The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK...
Bitcoin Miner Hut 8 to Add 275 PH/s of Mining Capacity With $8.3M Capital Raise
1.7.2020
Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed. Totonto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price...
Spanish Police Accuse Illegal Drug Vendor of Laundering $3.3M Haul in Crypto
30.6.2020
The National Police of Spain said vendors’ “purchase of virtual currency stands out.” They arrested 33 suspects across two parallel raids
Another Million People Tried Crypto in the UK + More News
30.6.2020
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.
Crypto adoption news
3.86%, or 1.9 million, of the general population in the UK currently hold cryptocurrencies, the Financial...
FCA Research Says 2.6 Million UK Residents Have Bought Crypto
30.6.2020
The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.”
California University Pays Million-Dollar Crypto Ransom
30.6.2020
The University of California at San Francisco has paid a million-dollar ransom following unsuccessful negotiations with a ransomware hacker group
Mining Giant BHP Completes $14 Million Iron Ore Trade Using Blockchain
29.6.2020
Multi-billion-dollar mining group BHP announced it has completed a $14 million iron ore trade using a blockchain platform
Innovation Grant Worth $15 Million to Encourage Asian Blockchain Startups
28.6.2020
Singaporean blockchain developers Building Cities Beyond creates an innovation grant to encourage development on its ecosystem
Skeptics Concerned Plustoken Scammers Plan to Dump $187M Worth of Ethereum
28.6.2020
Crypto market skeptics and speculators are concerned about 789,000 ETH that started moving four days ago last Wednesday. The transaction was recorded by Whale Alert, and the $187 million worth of ether stems from the Plustoken scammers. On Wednesday, June 24, 2020, at approximately 9:46 a.m. (ET)...
Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action ‘Violates Liquid’s Security Model’
28.6.2020
Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3...
US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value
27.6.2020
The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their...
12 Lessons From Winning and Losing $12 Million in Crypto
27.6.2020
Sharing personal experience, insights and hopes about cryptocurrency investment strategies
Final Judgment: Telegram to Pay Crypto Investors Back $1.2 Billion, US Court Orders
26.6.2020
The dispute between Telegram and the U.S. Securities and Exchange Commission (SEC) is coming to a close as the final judgment has been filed. Telegram has been ordered to pay back $1.2 billion. The company must also pay the SEC a fine of $18.5 million. Final Judgment in Case of SEC vs. Telegram...
Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle
25.6.2020
Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals. Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms...
Bitcoin-Inspired Web Comic Bulltardia Hides 10 Million Satoshi Prize
24.6.2020
Almost $1,000 worth of Bitcoin is up for grabs for finding the twelve parts of a wallet’s seed phrase within the serialized web comic "Bulltardia."
Ransomware Gang Seeks Million Dollar PayDay
23.6.2020
NCC Group revealed that a ransomware variant is now asking for million dollar ransoms
First Mover: The Logic Behind Three Arrows’ $200M Grayscale Bet
23.6.2020
Three Arrows has taken a large bet on GBTC but the halcyon days of the Grayscale premium flip may be numbered
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...