A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC). Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce elsewhere, which
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An unfortunate Bitcoin (BTC) user was duped out of 0.255 BTC, almost $10,000, due to malware running on their computer. Louis Nel, a tech blogger and crypto enthusiast, flagged the issue on Twitter, referring to his friend as ‘C.’ A friend sent 0.255BTC from his bitcoin wallet to an exchange. He copied and pasted the
Despite the financial volatility that has engulfed the global economic landscape over the last month or so, there seems to be no stopping the growth of the cryptocurrency market, especially the nonfungible token (NFT) sector. This growth is highlighted by the fact that crypto’s total market capitalization has increased from around $800 billion to $1.8
The United Kingdom’s Financial Conduct Authority (FCA) is seeking senior executives with cryptocurrency-related expertise as the regulator is preparing to launch a new crypto department to regulate the industry. According to FCA’s job postings on LinkedIn, the authority is now hunting for a head of the digital assets department and a director of the payments
On March 15, the American fantasy sports contest and betting company Draftkings announced the company’s first in-house digital collectibles campaign called the “Primetime NFT Series.” The first Draftkings’ NFT series drop will be the “2022 College Hoops Collection” launched in unison with the single-elimination college basketball tournament known as NCAA’s March Madness. Draftkings to Drop
press release PRESS RELEASE. INTERNET CITY, DUBAI, Mar. 15, 2022 – LBank Exchange, a global digital asset trading platform, has listed CPLAY Network (CPLAY) on March 15, 2022. For all users of LBank Exchange, the CPLAY/USDT trading pair is now officially available for trading. While growing rapidly, crypto space is facing some strict restrictions in
The Ethereum software firm Consensys has announced the incubator has raised $450 million in a Series D funding round led by Parafi Capital. The latest financing brings the company’s valuation to over $7 billion, following the $200 million Series C raise Consensys secured last November. Consensys Raises $450 Million, Proceeds From the Round Will Be
CoinJoin, a popular Bitcoin (BTC) mixing tool, will block transactions associated or flagged as illegal. The announcement came from the official Wasabi Wallet Twitter account, of which Coinjoin is a part. The zkSNACKs coordinator will start refusing certain UTXOs from registering to coinjoins. pic.twitter.com/X3kBuQwieO — Wasabi Wallet (@wasabiwallet) March 13, 2022 The official announcement noted
Bitcoin (BTC) upped the volatility into the weekly close on March 13 as markets braced for geopolitical and macro economic cues. Long-awaited Fed action set to come this week Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it again came close to testing $38,000 support during Sunday. The pair had seen a quiet end
Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during television shows. It’s also the case that most advertisements today display messages from major internet-based brands like Amazon, which was ranked as the largest advertiser in the United States in 2020. Telecommunication
Those who studied history well might remember the city-states of medieval Europe. Back then, caravans of merchants traveled from one city-state to another, bringing luxury goods and news from far-away places. It was this lifestyle that enabled these merchants with freedom of mobility and choice. It is a very similar concept to the one described
A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money “will be in the crosshairs of this investigation.” DOJ’s KleptoCapture Task Force Will Take ‘Broader View’ A new Department of
Ever since its inception and throughout its turbulent journey toward mainstream acceptance, crypto has elicited both enthusiasm and trepidation in equal measure. After the unfair battering it has received over the years, the time has come to defend digital currencies. Unfortunately for crypto, first impressions count. Bitcoin (BTC) initially gained a tawdry reputation in its
In October 2021, it was estimated that approximately 15% of the world’s supply of Bitcoin (BTC) was in circulation in Latin America. According to a recent report released by Crypto Literacy, however, 99% of Brazilian and Mexican respondents failed a basic assessment on crypto literacy. Crypto adoption is well underway across the region — on
The Zapala Free Zone, an area located in Neuquen, Argentina that has the objective of incentivizing various productive activities, will receive its first bitcoin mining-related investment this year. The company that will create the power infrastructure for the mining farm aims to generate more than 114 MW of power for mining operations in the first
Bitcoin’s (BTC) last daily close above $45,000 was 66 days ago, but more importantly, the current $39,300 level was first seen on Jan. 7, 2021. The 13 months of boom and bust cycles culminated with BTC price hitting $69,000 on Nov. 10, 2021. It all started with the VanEck spot Bitcoin exchange-traded fund being rejected
Bitcoin consolidated on Friday, as prices hovered marginally below the $40,000 level. This comes following a volatile day of trading in which BTC fell to its lowest point since Wednesday. Ethereum also remained slightly above its recent support. Bitcoin Bitcoin continued to trade at high levels of uncertainty on Friday, following a volatile few sessions
South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said. South
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bank is reported to have commenced
Self-made wealthy individuals worldwide appear more likely to invest in cryptocurrencies like Bitcoin (BTC) as opposed to those who hold more of inherited wealth, a new survey suggests. Wealth-X, a research startup focused on wealth information, released on Thursday a new report on the peculiarities of crypto investments made by wealthy people worldwide. This report