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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...
Redditors Hunt Lost Bitcoin Stash, Face Jail Time over Loans
10.6.2020
Crypto folks are having a mixed start to the month, with one man seemingly frustrated in his quest for over USD 5 million worth of missing bitcoin (BTC) – and another looking to stave off the bailiffs as creditors come in search of crypto loan repayments.
A Reddit user who claims he is on the hunt...
Market Update: Bitcoin Train Inches Toward $10K, Wild Predictions, Trillion Dollar Crypto Economy
10.6.2020
On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the asset will surpass $10K once again. However...
Even Russia’s Economy Ministry Doesn’t Want Crypto Ban, Derides Bill
10.6.2020
Russia’s long and winding road to crypto regulation has taken another unexpected twist – with the country’s Economy Ministry wading into a bitter dispute between pro-business groups and the crypto-skeptic Central Bank – with experts claiming that a new impasse could see regulation “delayed by...
Ledger Adds Bitcoin Buying; Brave Fork; Ethereum Cashback + More News
10.6.2020
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.
Adoption news
Major crypto hardware wallet manufacturer Ledger launched a crypto buying option on their Ledger Live application....
Bitcoin News Roundup for June 10, 2020
10.6.2020
As Chinese students prepare for bitcoin questions on their university entrance exams, some analysts say BTC is near the start of a multi-month bull run
A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless
10.6.2020
Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Reports from China show that a number of small mining operations are struggling and older bitcoin...
Stocks Steal Spotlight From Bitcoin Despite Market Crash Warnings
10.6.2020
Stock market seems to have stolen some attention from bitcoin (BTC), with young investors turning to equities. But as many expect a sharp correction and more volatility ahead, crypto analysts wonder what this would mean for the world's oldest crypto.
"So far bulls are in charge," writes...
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...
Bitcoin and Altcoins Seem Resilient Ahead of the Next Move
10.6.2020
In the past few sessions, bitcoin price traded in a crucial range above the USD 9,550 support. BTC is facing a couple of important hurdles near USD 9,850 and USD 10,000, above which there are chances of an increase in the coming days.
Similarly, most major altcoins are consolidating above...
London’s ETC Group to List Centrally Cleared Bitcoin ETP on Deutsche Börse’s Xetra
10.6.2020
A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month. In a statement released on June 9, Etc Group said the contract, known as Bitcoin Exchange Traded Crypto (BTCE)...
Data Shows Bitcoin Options Markets Are Maturing Much Faster Than Futures
10.6.2020
Data from the crypto analytical firm Skew.com shows that bitcoin options are maturing much faster than the futures markets launched in December 2017. Skew’s data shows that the open interest in bitcoin options has risen significantly in the last few months. Bitcoin options “are starting...
Not So Private: 99% of Zcash and Dash Transactions Traceable, Says Chainalysis
10.6.2020
Chainalysis says it can track 99% of transactions involving Zcash, and almost all of Dash’s – coins that both fancy themselves as private and untraceable. Now, that’s because the majority of users do not utilize the optional privacy-enhancing features available on the...
Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
9.6.2020
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence...
Over 2,000 Coca-Cola Machines Now Accept Bitcoin in Australia and New Zealand
9.6.2020
Over 2,000 Coca-Cola vending machines in Australia and New Zealand have started accepting bitcoin, thanks to an agreement between Coca-Cola Amatil and Centrapay. Coca-Cola Amatil is a major bottler and distributor in Asia Pacific, supporting 140 brands. Buy Coke With Bitcoin The bitcoin payment...
Bitcoin News Roundup for June 9, 2020
9.6.2020
With the price of bitcoin again struggling to breach $10,000 and volatility falling to recent lows, CoinDesk's Markets Daily is back with another bitcoin news roundup
2020 Libertarian Presidential Candidate Jo Jorgensen Talks Bitcoin, Endless Wars, Covid-19 Response
9.6.2020
On June 8, news.Bitcoin.com chatted with the U.S. 2020 Libertarian candidate for president, Joanne Jorgensen. The Libertarian Party’s nominee for president is the party’s first female candidate and she is a firm believer in free markets and civil liberties. This week our newsdesk...
Hundreds of Institutional Investors Send a Good Sign to Bitcoin & Co
9.6.2020
The results of a recent survey of 774 institutional investors in the US and Europe confirm that interest in and acceptance of cryptoassets as a new investable asset class is growing, according to Tom Jessop, president of Fidelity Digital Assets.
The subsidiary of the US-based mutual fund giant...
Coca-Cola Vending Machines in Australia & New Zealand Accept Bitcoin, Ether
9.6.2020
Coca-Cola and crypto fans in Australia and New Zealand can now enjoy both of those things at the same time. The US might come next.
One of the world's five major Coca-Cola bottlers, Coca-Cola Amatil and digital asset integrator Centrapay have partnered to allow all the drinkers of this popular...
Virtual Assets Unleashes Retail Cash Reload Innovation for Purchasing Cryptocurrency
9.6.2020
Instantly add cash to your Crypto Dispensers account with Green Dot @ the Register Chicago, IL – Virtual Assets, LLC is pleased to announce that it has entered into an agreement with Green Dot Corporation (NYSE:GDOT) to enable customers to purchase cryptocurrency with cash. This new service...