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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...
New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator
23.6.2020
Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company...
PlusToken Moves $67 Million to Unknown Wallet, Signalling a Potential EOS Dump
22.6.2020
We only need to look to recent history for what this transaction means
OmiseGO's Parent Company SYNQA Raised $80 Million in Series C
22.6.2020
According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia
Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis
21.6.2020
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis. Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June...
A Multi-Million Mystery: Likely ETH Fee ‘Victim’ Steps Into Spotlight
19.6.2020
A deeper dive into the story involving a potential scam operation paying millions in ETH transaction fees twice in a row
How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
19.6.2020
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures....
Crypto.com Joins Open Payments Coalition of Over 100 Million Users
18.6.2020
Crypto.com joined over 40 finance and technology firms by becoming a member of the Open Payments Coalition
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
Demand for Charter Cities During Covid-19 Pandemic Grows Exponential – People Desire Semi-Autonomous Zones
17.6.2020
For quite some time now, a number of libertarians, bitcoin evangelists, and blockchain entrepreneurs have been promoting the idea of charter cities and seasteading concepts. One such project, Pronomos Capital, has raised $9 million from heavyweight investors like venture capitalist Peter Thiel....
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...
Alleged Ponzi Scheme Sent the $5 Million in Ether Gas Fees
17.6.2020
The origin of the abnormal Ether transactions that paid more than $5 million in gas fees seems to be Korean “exchange” GoodCycle
Crypto Founder Sentenced to Seven Years in Prison for $25 Million Scam
17.6.2020
A federal court in Manhattan sentenced the founder of a $25 million ICO scam to 87 months and a fine of up to $250,000
Kazakhstan Seeks to Attract $740 Million Crypto Investment in Three Years
16.6.2020
Kazakhstan is aiming to attract nearly $740 million dollars in investment through various crypto industry-related activities over the next three years
Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall
16.6.2020
Ethermine will now proceed to distribute its $2.6 million bonanza from a series of bizarre ethereum transactions last week after the fund’s owner failed to make a valid claim. On June 11, the miner, a unit of Bitfly, received the record fee in a transaction involving just 350 ether (ETH),...
Blackmail is Behind Multi-Million ETH Transfer Fees, Say Researchers
13.6.2020
Researchers have concluded that the recent Ether transfers that spent over $5 million in gas fees are the result of hackers trying to extort a compromised exchange
Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers
13.6.2020
Hackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests. The hackers may have gained access to the exchange’s funds but failed...
Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx
12.6.2020
The Ontario Securities Commission (OSC) has completed its investigation of what happened to the defunct cryptocurrency exchange Quadrigacx which owes over 76,000 clients a combined $215 million in assets. Supposedly deceased, its founder Gerald Cotten was found to have committed a series of fraud...