The Worst Hacks and Breaches of 2020 So Far

Iran, China, Russia—the gang was all here in the first half of this year. Oh, and also an unprecedented pandemic that’s been a boon for...

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The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
Jul04

The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies

The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks, sidechains, and the Schnorr Signature algorithm.” A recently published IRS-CI Cyber Crimes Unit request that’s available for...

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Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election
Jul04

Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election

According to a number of crypto prediction markets and futures, Trump will still win the election in 123 days, but his chances have lessened a great deal. No matter who wins, however, the large sums of money flowing into these wager platforms indicate that people love to bet on election outcomes. It’s been roughly four months since the start of the coronavirus outbreak in the United States and it has shaken the country to its...

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Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger
Jul04

Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger

Arcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm. Vertical Ventures will buy Arcane Crypto for $33 million by issuing over 6.6 billion new shares. Each share cost $0.005 or half a cent, according to a statement released by the company on July 2. Once the merger is completed, Arcane, which operates Arcane...

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Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation
Jul04

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation

A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 million DAI in circulation. There seems to be another mystery in the world of...

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