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Lost Bitcoin to Skyrocket Unless Investors Start Making Wills
9.7.2020
A looming crypto inheritance crisis could lead to millions of tokens becoming irreparably lost if the findings of a new report prove to be true.
A whopping 89% of surveyed cryptocurrency investors said they, on some level, were concerned about losing their assets when they die, but less than...
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months
6.7.2020
The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization
Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19
6.7.2020
Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic
Bitcoin Price Consolidating But What Happens if $9K Support Is Lost?
5.7.2020
Several signs are pointing to a new bear market for Bitcoin as mining chip manufacturers are feeling the pinch from the halving and the global economic downturn
Samsung to Launch App that Reports ‘Lost or Stolen’ Crypto + More News
1.7.2020
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
Samsung and South Korean software firm Uppsala are set to launch a crypto losses tracking system for...
Australians Lost More Than $14M to Crypto Scams in 2019
22.6.2020
A study by Scamwatch suggests cryptocurrency scams are a real threat in Australia
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...
Community Donates 0.7 BTC to Phishing Victim Who Lost Entire Bitcoin Holdings
14.6.2020
Crypto community members have donated 0.7 BTC to the victim of a phishing scam who lost his entire Bitcoin savings
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...
Former KFC Employee Built a Crypto Drug Empire, Lost It All Today
8.6.2020
The Leicester Crown Court confiscated over $2.29 million from an online drug kingpin who ran a darknet store from the attic of his home
Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share
2.6.2020
Bitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost market share. The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash per second (TH/s) and power efficiency of 37.5 joules per terahash (J/TH)....
Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
22.5.2020
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that...
What I Learned the First Time I Lost a Million Dollars
21.5.2020
It doesn't take long to learn how to trade, but it takes a lifetime to learn how to manage risk, says Jeff Dorman, CIO at Arca
BlockFi: Hacker Sim-Swapped Employee’s Phone, No Funds Were Lost
19.5.2020
The hacker compromised an employee's phone and gained access to users' personal information, including their names and addresses, but BlockFi says no funds were affected
Economists Predict Worst Recession Ever for India Amid Lockdown Extension
19.5.2020
Economists have predicted that India will face its worst recession ever as the country announced another nationwide lockdown extension. India’s economy is forecasted to contract 45% in the second quarter following the Rs 20 lakh crore coronavirus relief stimulus package which some economists...
ETH Community Discuss DAO For Reversing Funds Lost to Wrong Addresses
17.5.2020
The Ethereum community on Reddit are discussing ways to prevent users from losing funds as a result of wallet address types
17,000 Creditors Hope to Recover Assets Lost to Defunct Exchange QuadrigaCX
13.5.2020
QuadrigaCX trustee Ernst & Young has received close to 17,000 proofs of claim from creditors, denominated in various fiat and cryptocurrencies
Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown
4.5.2020
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation...
Community Fraud Site Tracks 8.5M XRP Lost to Giveaway Scams
24.4.2020
Scammers have taken XRP holders for nearly 8.5M tokens since 2019 using fake airdrops and YouTube giveaways, according to a community fraud prevention site