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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...
Singapore’s Three Arrows Capital Buys 6% of Grayscale’s $3.5 Billion Bitcoin Fund
12.6.2020
Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust. According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped up the equivalent of 21 million shares of the Trust’s...
Bitfinex Hackers Move Another $4.1 Million Bitcoin in Their Biggest Pay Day Yet
12.6.2020
Cyber-thieves from the Bitfinex hack of four years ago continue to cash out, this time transferring the equivalent of $4.1 million in bitcoin to an unknown wallet address. Crypto tracking tool Whale Alert reports that hackers moved 416 bitcoin (BTC) on June 11. The funds, valued at $4.1 million...
Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction
11.6.2020
History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees....
Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th
11.6.2020
Switzerland, 11th June 2020. Swiss-based crypto platform Eidoo has today burned almost one third (1/3rd) of the total supply of utility token $EDO as they prepare for its June 18th token upgrade, in collaboration with sister company Provable Things. In one of the largest-scale token burns in...
Nightmare Come True: User Pays $2.6 Million in Transaction Fees to Send $134 of Ether
10.6.2020
A record ethereum transaction fee has been paid today: $2.6 million to transfer $134. The user probably mixed up the fields on the value of the transfer and the fee, eventually paying 10,668 ETH in fees, or $2.6 million, on a transaction mined by Sparkpool. A nightmare come true, the customer sent...
South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent
9.6.2020
The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round
Patoshi Researcher Says “Altruistic” Satoshi Will Never Spend His 1.1M Bitcoin
6.6.2020
Bitcoin founder Satoshi Nakamoto will never spend his “1.1 million bitcoins” because he is altruistic, Patoshi Pattern researcher Sergio Demian Lerner has said. The Patoshi Pattern exploits privacy flaws of an early protocol, v.01, to identify blocks possibly minded by Satoshi Nakamoto....
Crypto-Powered Brave Browser Reaches Over 15 Million Monthly Active Users
4.6.2020
Cryptocurrency-powered web browser Brave Browser announced that its monthly active user count increased 125% over the past year
50 Million-user Chat App KakaoTalk Launches Crypto Wallet Today
3.6.2020
South Korea’s Kakao Group, the operator of the KakaoTalk chat app, says that its long-awaited crypto wallet Klip debuts today – in theory providing most of the country with immediate access to cryptoassets.
KakaoTalk claims to have around 45 million monthly active users in South Korea (87% of...
US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies
2.6.2020
U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most...
Partner at $500 Million Fund Explains Key Criteria For Investing in Startups
2.6.2020
Partner at Initialized Capital Brett Gibson reveals his firm’s main criteria for early-stage startups to invest in and explains the most promising products on the market
US Government Puts Out $5 Million Bounty for Petro Supervisor
2.6.2020
The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes
UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief
1.6.2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske...
'New Google' Settles With SEC For $29 Million
29.5.2020
A company that was heralded as the “New Google” settles with the SEC, agreeing to return $29 million to ICO investors, in addition to a $400,000 penalty
JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees
28.5.2020
JPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Originally filed in 2018, the suit alleges that the bank overcharged customers for buying cryptocurrencies using Chase credit cards, classifying the purchases as cash advances. JPMorgan Settles...
NYC Hacker Charged Over $94 Million Bitcoin-for-Cards Scheme
28.5.2020
Vitalii Antonenko is facing up to 20 years in jail for selling sensitive data after the prosecution traced his Bitcoin wallet
Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus
26.5.2020
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans...