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BitMEX Explains the Attack to Doubting Customers; Refunds BTC 40


Major crypto derivatives exchange BitMEX said that the root cause of the DDoS attacks on March 13 has been identified, and more than BTC 40 (USD 211,000) refunded to the affected users. BitMEX published a blog post authored by its Co-founder and CEO, Arthur Hayes, stating that the exchange...

BTC Hashrate Follows Price Drop – 20% Lower Before Bitcoin Halving


Four days ago, digital currency markets lost billions and prices sank to levels not seen since last March. The market bloodbath has affected bitcoin miners as they are making fewer profits than they were a week prior. By Monday, March 16, BTC’s hashrate slid below the 100 exahash (EH/s)...

Italian Red Cross Raises BTC 2.84 to Fight Covid-19 + More News


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. Coronavirus news The Italian Red Cross and the Colli Albani Committee have launched a bitcoin fundraising, raising donations in...

US State Wants to Legally Seize Unclaimed Cryptocurrencies Left at Custodians


The U.S. state of Illinois has advanced a bill to consider unclaimed cryptocurrencies at custodians abandoned after five years. The coins will then be liquidated and the proceeds remitted to the State Treasurer. The cryptocurrency owners will have no recourse against the custodians or the state....

With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%


Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week...

Crypto Networks Stress Tested During Bitcoin’s Wild Week


Crypto valuations haven’t been the only casualties of this week’s market crash; crypto networks have also felt the strain. As onchain activity has ramped up in response to the market slump, fees have soared and the mempool filled on the BTC and ETH chains. Other crypto networks have...

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