Losses from crypto hacks plunge 67% in April to $60 million
The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April.
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US Homeland Security returns $314K from 2016 Bitfinex hack
The funds were seized by U.S. Customs and Border Protection. Recovery efforts for the remaining funds are ongoing. Via a July 6 announcement, cryptocurrency exchange Bitfinex says it has received $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) from the United States Department of Homeland Security. The seizure was conducted in cooperation with U.S.…
Crypto mixer Blender has been rebranded to Sinbad, says Elliptic
Elliptic's analysis of wallets tied to a suspected Blender operator showed $22 million going to Sinbad as well as similar "characteristics of transactions" between the mixers. 67 Total views 1 Total shares Own this piece of history Collect this article as an NFTBlender, the cryptocurrency mixer sanctioned by the United States Department of the Treasury’s…
Russian Embassy Asks France to Put Vinnik Under House Arrest in Home Country
Russian authorities are not stopping their efforts to help Alexander Vinnik — an alleged fraudster who is accused of laundering as much as $4 billion in Bitcoin (BTC) — to return to his homeland.In another attempt to extradite Vinnik, the Russian Embassy reportedly requested that France place the alleged former BTC-e operator under house arrest…
Binance’s brief pause of Ethereum withdrawals leaves community perplexed
Binance paused ERC-20 withdrawals without offering a credible explanation, letting speculation about its true motives run wild. 1420 Total views 6 Total shares Binance had a hiccup with its withdrawals for Ether (ETH) and all ERC-20 assets on Friday, with users being unable to access any of their Ethereum-based assets for about one hour. The pause came…
Trump or Biden? Bitcoin wins regardless of US election — Barry Silbert
Whether it is a Democratic sweep led by Joe Biden or a Donald Trump reelection, Bitcoin (BTC) would likely thrive. Industry executives, including DCG and Grayscale CEO Barry Silbert, say both a Trump or a Biden win would buoy BTC.The optimistic stance of industry execs despite the glaring election risk comes after Grayscale’s Bitcoin study.Trump…
BlackRock Bitcoin spot ETF nod ‘unlikely in near term’ — QCP Capital
Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon.That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects.SEC's Gensler presents Bitcoin ETF roadblockBTC price action has offered more than 20% gains since BlackRock, the…
Report: Some Crypto Mining Apps Remain in Google Play Store Despite Recent Ban
According to a report by the Next Web published on August 28, several cryptocurrency mining apps remain in the Google Play Store despite the ban. On July 27, Google banned crypto-mining apps from its Play Store. An update to Google’s developer policy read that "we don't allow apps that mine cryptocurrency on devices." The company…
Buying Bitcoin is preferable to BTC mining in most circumstances — Analysis
While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin, most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up due to the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of…