A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments. A former Etihad Airlines flight attendant says he faces up to three years in jail in the United Arab Emirates (UAE) for being unable to make […]
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Japanese crypto firm Freessets announced a new technology that enhances Bitcoin wallet privacy. Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy. According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from […]
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Investment firm ETC Group plans to list a Bitcoin ETP on Germany’s Xetra digital stock exchange in late June. London-based ETC Group will list the first crypto exchange-traded product on Germany’s Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new […]
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Bitcoin price is stalling under $10,000 while the U.S. stock market nears a record high. The Nasdaq, an index which primarily represents tech stocks like Amazon, Microsoft, and Alphabet, has surpassed 10,000 points to hit a new record high. The move above 10,000 effectively erased all the losses suffered from the coronavirus pandemic, yet, the […]
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Russian police arrested a 30-year-old crypto miner who they accuse of stealing over $494,000 in electricity from the state power network. Police arrested a resident in Makhachkala, Russia, on June 9, who allegedly created an illegal massive crypto-mining structure that connects around 500 platforms to the local power supply network. According to the June 6 […]
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Can Bitcoin’s network handle mainstream adoption? As Bitcoin (BTC) continues to pick up mainstream traction, the asset’s blockchain scalability remains an issue, according to Decred co-founder Jake Yocom-Piatt. “There is enough demand for on-chain Bitcoin transactions during peak demand times to completely fill blocks and drive fee rates up substantially,” Yocom-Piatt told Cointelegraph, noting the struggles […]
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Coinbase experienced its highest single-day net BTC withdrawal in the wake of the outage incident, with even the author of “Black Swan” quitting the exchange. Coinbase experienced the largest net outflow of Bitcoins (BTC) in ages in the wake of the recent service outage. Even Nassim Taleb has left the nest. Black Swan The June […]
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The latest moves from ransomware groups suggest that gangs are forging alliances to create a mafia-style structure. Recent ransomware attacks from well-known cybercriminal groups have been suggesting that gangs are forging cartel-style alliances to pressure their respective victims to pay the ransom requests. Cointelegraph has obtained access to what seems to be a darknet site […]
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The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round. South African blockchain peer-to-peer renewable energy platform Sun Exchange obtained a $3 million investment from Arch Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement issued Monday. Sun Exchange allows international clients to buy […]
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The last time this much Bitcoin was withdrawn from exchanges, the price rose 88%. If this pattern repeats, we would see Bitcoin go to $18,000 by the end of August. June 8, 27,000 more Bitcoins (BTC) were withdrawn from the exchanges than deposited, the last time there was such a significant outflow, Bitcoin appreciated 88%. […]
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