Bitfinex Hackers Move Another $4.1 Million Bitcoin in Their Biggest Pay Day Yet
Jun12

Bitfinex Hackers Move Another $4.1 Million Bitcoin in Their Biggest Pay Day Yet

Cyber-thieves from the Bitfinex hack of four years ago continue to cash out, this time transferring the equivalent of $4.1 million in bitcoin to an unknown wallet address. Crypto tracking tool Whale Alert reports that hackers moved 416 bitcoin (BTC) on June 11. The funds, valued at $4.1 million at the time of the transaction, were sent in 20 separate transactions, each bearing between 15 and 33 BTC. This is perhaps the biggest pay day...

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Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm’s Flagship Visa Card Ends in December
Jun12

Bitpay Reveals Crypto-to-Fiat Prepaid Mastercard, Firm’s Flagship Visa Card Ends in December

On June 11, 2020, the cryptocurrency payment services provider, Bitpay announced the firm is launching a prepaid Mastercard that can be loaded with a variety of digital assets. The Atlanta-based company says the card can be spent anywhere Mastercard is accepted and users can “instantly convert cryptocurrency into fiat currency.” For quite some time now, the Atlanta-based Bitpay has offered a prepaid Visa card that allows...

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Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market
Jun12

Russian Ministry Slams Bill to Ban Crypto — Experts Warn Easy to Bypass, Creates Black Market

Russia’s Ministry of Economic Development has informed parliament of its disapproval of the bill to ban cryptocurrency. Experts say a ban will be ineffective as people can use technology to bypass it, leading to the creation of an “uncontrolled black market.” Russian Ministry Criticizes Bill to Ban Crypto The Russian Ministry of Economic Development has sent a letter to the State Duma, the lower house of the Federal...

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Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction
Jun12

Speculation Rife as User Pays a Second $2.6 Million Fee in Ether Transaction

History repeated itself on Thursday, after the Ethereum blockchain processed another transfer with fees of $2.6 million – the second such unusual, record-fee transaction in 24 hours. A user sent 350 ether (ETH), worth about $86,400 and paid 10,668 ETH, or $2.6 million, in transaction fees. The latest transaction was mined on block 10241999 by the Ethermine pool, a unit of Bitfly. Notably, this is a transaction that originates...

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Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th
Jun12

Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th

Switzerland, 11th June 2020. Swiss-based crypto platform Eidoo has today burned almost one third (1/3rd) of the total supply of utility token $EDO as they prepare for its June 18th token upgrade, in collaboration with sister company Provable Things. In one of the largest-scale token burns in the history of cryptocurrency, this burn of 28 million $EDO will see the Eidoo project remove approximately 80% of their company-owned tokens....

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