Following the theft of 342,000 Ether from major South Korean crypto exchange Upbit, some are floating the theory of an inside job rather than a hack. Following the theft of 342,000 Ether (ETH) ($50 million) from major South Korean crypto exchange Upbit, some commentators have suggested that the hack was actually an inside job. As […]
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Blockstream CEO and HashCash inventor Adam Back has controversially compared Ethereum with the notorious medical-testing startup Theranos. Blockstream CEO Adam Back — inventor of the hashcash Proof-of-Work (PoW) system later used in Bitcoin’s (BTC) mining algorithm — has controversially compared Ethereum (ETH) with the now-defunct biotech startup Theranos. As part of a Twitter exchange published […]
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Fresh research has challenged the perception that Bitcoin mining is irreconcilable with tackling climate change. Fresh research has challenged the perception that Bitcoin (BTC) mining is irreconcilable with tackling climate change. Major science and technology magazine The New Scientist published a report on the new findings on Nov. 20. Prior research over-reliant on “blanket” assumptions […]
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Crypto exchange UpBit announced that 342,000 ETH worth about $50 million were sent to an unknown wallet. Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — has notified users of the theft of 342,000 Ether (ETH) from its hot wallet. The incident was confirmed in an official statement […]
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News that South Korean exchange Upbit had lost control of 342,000 ETH appeared to send shockwaves through Bitcoin markets, which lost $7,000 support. Bitcoin (BTC) fell below $7,000 once again on Nov. 27 as fresh selling pressure suddenly impacted already fragile markets. Cryptocurrency market daily overview. Source: Coin360 Likely exchange hack rocks BTC price Data […]
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Stablecoins have the potential to temper the systemic threats posed by USD domination of global foreign currency reserves, analysts have argued in a new piece for the WEF. Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published […]
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The benefits of a currency which bypasses restrictions on saving means those saddled with inflationary debt can free themselves, argues hedge fund executive. Bitcoin (BTC) has the ability to bring the world’s population out of debt thanks to its ability to allow consumers to save without permission. That was according to Misir Mahmudov, the author […]
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India’s biggest crypto exchange, WazirX, was bought by Binance, sending a wave of optimism in the crypto ecosystem. In April 2018, the Reserve Bank of India, the country’s central bank, initiated a major crackdown on the trade and purchase of cryptocurrencies such as Bitcoin within its borders. RBI Deputy Governor Bibhu Kanungo declared that all […]
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Digital asset security startup Fireblocks announced that it is moving more than $2.5 billion in crypto each month only six months after launch. Digital asset cybersecurity startup Fireblocks announced that it is currently moving more than $2.5 billion in cryptocurrencies each month. In a Nov. 26 press release, Fireblocks revealed that the company has seen […]
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Bitcoin price hovers around the $7,200 mark as the market remains sluggish following major losses on the week. Tuesday Nov. 26 — Most cryptocurrencies are back to trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past 24 hours. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started […]
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