Crypto News

Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Advertisement Twitter Facebook LinkedIn Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was […]

Crypto News

$50 Million ICO Lands Crypto Lender SALT in Hot Water with SEC: WSJ

Advertisement Twitter Facebook LinkedIn SALT Lending, a cryptocurrency loan provider who raised tens of millions of dollars during through an initial coin offering (ICO) with support from crypto pioneer Erik Voorhees, has become the latest blockchain firm to attract the attention of US securities regulators. Crypto Loan Provider SALT under SEC Investigation The Wall Street […]

Crypto News

Activision Alums Raise $16 Million to Build EOS-Focused Blockchain Game Studio

Advertisement Twitter Facebook LinkedIn Mythical Games is “a next-generation game technology studio.” Their focus is online games where players own the assets they develop or acquire in the game – true digital ownership powered by the blockchain, as opposed to managed digital ownership backed by centralized servers. It’s an important difference. When a player acquires […]

Crypto News

Hackers Demand $6.3 Million in Bitcoin From Malaysian Media Giant

Advertisement Twitter Facebook LinkedIn Ransomware creators have attacked Malaysian media giant Media Prima Bhd and are demanding bitcoins before they can allow access to the company’s compromised computer systems. According to The Edge Markets, which initially broke the news, the hackers struck on November 8 consequently denying the company’s employees access to the email system. […]

Bitcoin

Bitfinex: New Fee Policy Suggests $30,000 Fee to Withdraw $1 Million

Cryptocurrency exchange platform Bitfinex recently released an updated fee structure for fiat withdrawals. The twelfth-largest exchange also revealed that it processed more $ 1 billion in fiat withdrawals throughout October 2018. Three Percent In an announcement published on the platform’s website on Sunday (November 11, 2018), Bitfinex revealed its new fee structure. According to the […]

Bitcoin

eToro Invests $1 million in Blockchain Experiment to Reduce Wealth Inequality

eToro has invested $ 1 million out of its pocket to launch a blockchain experiment that would research how to reduce wealth inequality. The multi-asset brokerage company announced on Friday that “GoodDollar Experiment” will test a cryptocurrency that pays social interest to the economically underprivileged. These tokens will be distributed among verified participants for free with […]

Crypto News

Popular Thai Actor and Siblings Plead Not Guilty in $24 Million Bitcoin Fraud

Advertisement Twitter Facebook LinkedIn Three Thai siblings who are being prosecuted for defrauding a 21-year-old Finnish investor of bitcoin worth 797 million baht (approximately US$ 24 million) in the Criminal Court of Bangkok have pleaded “not guilty” for the charges. At the hearing, prosecutors accused the siblings, Prinya, Supitcha and popular Thai actor Jiratpisit Jaravijit […]

Crypto News

BBVA and Co-Lenders Complete $150 Million Syndicated Loan on a Blockchain

Advertisement Twitter Facebook LinkedIn Two European and one Japanese bank one have completed the first blockchain-based syndicated loan. Together with France’s BNP Paribas and Japan’s Mitsubishi UFJ Financial Group, Spain’s banking behemoth BBVA utilized a private blockchain network in arranging a syndicated loan amounting to US$ 150 million for grid operator Red Electrica. Initially reported […]

Bitcoin

Square Generates $43 Million in Bitcoin Revenue in Q3, Profits Reach $500,000

Mobile payments and merchant services provider Square, Inc. has revealed its Q3 revenue report, and with it has shared some positive growth in Bitcoin-related revenue. Square Shows Steady Continued Growth in Bitcoin Revenue According to Square’s third quarter 2018 revenue report, the mobile payment firm generated $ 431 million in adjusted net revenue – beating […]