PlusToken Exit Transactions Totaled 22493 Bitcoins or $2.9 billion

When it comes to cryptocurrencies and scams, unfortunately the list is too big to count. In very few occasions however, the transactions by which the scams made their exit have been as large as the 4 transactions from the alleged PlusToken scam. The recent large BTC transactions are likely from PlusToken, but we have not been able to confirm it yet. — Whale Alert (@whale_alert) August 17, 2019 The first notice about the extremely large transactions came from Whale Alert – the twitter service account dedicated to following all the…

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103 Bitcoins Lost: QuadrigaCX Clients Still Left in the Dark

Earlier this year, the CEO of QuadrigaCX passed away and left behind a lot of issues for the exchange and its customers. 6 months later, the Canadian crypto exchange is now defunct, but users are still requesting information about the recent loss of 103 bitcoins. Back in February, QuadrigaCX appointed Ernst & Young (EY) to act as an independent third party to monitor all the proceedings in the creditor protection case. A short time after EY’s appointment, the company announced that Quadriga inadvertently transferred 103 bitcoins to cold (offline) wallets…

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Marketing Campaign Gone Wrong: Bitmain Against Mangocoin

Promotion is a key element when it comes to the sale of a new asset. Marketing agencies aren’t one of the most overpaid branches of the modern world for nothing. One of the most efficient marketing strategies out there, is to have a highly-respected member of the community to aim to attract stand behind the new product. Sometimes however, the highly-respected members’ reputation can quickly take a turn for the worse if the product turns out to be a scam. The crypto world has had its fair share of scams…

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Answer to Libra is Ready: China’s Digital Currency Has Been Completed

After Libra revealed its white paper, a lot of geopolitical and financial analysts speculated about China’s potential answer. A little less than a month later, rumors began surfacing that China was already in development of its own digital currency to counter Libra. Last week, The People’s Bank of China (PBoC), claimed that the counter-cryptocurrency is now ready. Mu Changchun, a deputy director in the PBoC stated that a prototype has successfully been developed now. Mu explained that this prototype adopts blockchain architecture and becomes a reality after more than 5…

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Quonic: Crypto-Friendly Bank Is Open to Crypto Companies

It’s a very welcomed sight when banks finally begin to realize how outdated they are and attempt to modernize. Quonic Bank from New York City bank however, has recently begun to do business with crypto companies. This puts the bank in the very limited list of US financial institutions who have begun to embrace the crypto sector. Quonic Bank opened a checking account for a bitcoin ATM company last month. There are also ongoing negotiations to complete a contract to deliver banking services to another emerging crypto startup. Steven Schnall,…

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Smominru: Monero Malware Now Goes After User Data

The Malware Smominru is known for mining Monero (XMR) and having a very large infection rate. Projections show that there are at least 500 000 infected personal computers. According to the cybersecurity company Carbon Black however, it seems that Smominru has received a major upgrade. The company’s Threat Analysis Unit seems to have discovered that a new component has been added to the malware. This new component enables Smominru to now steal system access information. The report states that the stolen information is almost always found on the dark web…

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New RAT Targeting Cryptocurrencies Discovered by Zscaler ThreatLabz

Zscaler ThreatLabZ analysts have managed to locate a unique type of trojan that overwhelmingly seems to target cryptocurrencies. In last week’s blog post, analysts from the cyber security firm reveal that they managed to identify a new remote-access trojan (RAT). This new RAT is able to capture the administrative control of the infected computer and scan its entire browsing history for activity which involves crypto, social media, credit card usage and others. This RAT has been dubbed Saefko and seems to be written in .NET. NET is a software framework…

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No Deal Brexit Will Increase Bitcoin Importance in the Global Economy

Many analysts agree that the looming possibility of a no-deal Brexit, could propel Bitcoin’s price to unexpected heights. A rather bold prediction comes from the CEO of Commerce Block, Nicholas Gregory. He goes as far out as to state that an eventual no-deal Brexit could fundamentally change Bitcoin’s position in the entire global economy. The ever-increasing prospect of a no-deal Brexit, recently caused the UK pound to lose value against many other major currencies. As the newly-appointed Brexiteer Boris Johnson stated: “The United Kingdom will do or die and eventually…

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Should Young People Invest in Bitcoin

  Young people have a time horizon of 30 to 50 years of investment period toward their retirement age of 60 years old or even earlier. Having that in mind, it’s advisable to invest when you’re young. In addition to that, young people should also know where to invest their money. Should you invest in a company? Should you invest in mutual funds? Or should you invest in currency? One of the most popular investments is a cryptocurrency, specifically Bitcoins.  Should young people invest in bitcoin? If you want to…

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Tether Whales Are Over 300 and They CAN Influence Bitcoin’s Price

Earlier this week, Coin Metrics released data showing that exactly 318 addresses hold at least $1 million in Tether. This means that those 318 Tether whales hold roughly 80% of the entire global Tether supply. Nic Carter, co-founder of Coin Metrics also mentioned that much like other crypto whales, a great deal of the Tether whale accounts, belong to major crypto exchanges like Bitfinex and Binance. The report further dives in the difference between traditional crypto whales and Tether whales. Bitcoin whales for instance, hold roughly 20% of the entire…

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