On July 11, fraudsters hacked into digital payment platform Cashaa’s over-the-counter desk, which serves Indian customers, and stole 336 Bitcoin (BTC), worth approximately $3.1million. Although Cashaa stated that there have been no users affected by this hack, they did put a hard stop on all crypto-related transactions for 24 hours to understand the incident better.
Bitcoin News
Two alleged criminals, one suspected of stealing thousands of Bitcoin and the other a money launderer with connections to Hezbollah, were extradited from Cyprus, according to the Department of Justice or DOJ. One of the suspects is wanted in Georgia and Arizona for cyber intrusion and extortion and the other is wanted in Florida for
It has been all over the news about the great Twitter Bitcoin hack of 2020. We’ve got you covered if you haven’t been paying attention to #CryptoTwitter this week. After a period of calm in the cryptomarkets, last week showed some movement. Unfortunately, it went in the wrong direction. Bitcoin was down about 3 percent
European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of July 17, down from €79 ($90.30) on Monday. Northern Data: “We’re as transparent as it gets” Northern
Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout. Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits. Recently,
Given the rate at which Grayscale usually buys Bitcoin, it seems like the cryptocurrency fund management company was trying to buy every single Bitcoin in existence. But this pattern ground to a halt more than three weeks ago and hasn’t picked up again since. Grayscale Bitcoin Trust Fund (GBTC) would typically file a Form 8-K
At the same time that volatility and short-term implied volatility have been sucked out of the market, longer dated options (six months or so until expiration) are still pricing closer to their historical average volatility in the 70% range. This steepness in implied volatility term structure suggests one of two things: Investors expect that this
Craig Jones, a Brazilian Jiu-Jitsu fighter based in Australia, has revealed he was one of the poor souls who missed out on the Bitcoin all-time high in 2017 after misplacing his coins. According to a July 16 post on the CoinJar blog, the 29-year-old former International Brazilian Jiu-Jitsu Federation World No-Gi Champion and two-time Abu
The hackers who conducted the massive Twitter hijacking on July 15 do not appear to be sophisticated Bitcoin (BTC) users, as they left trails leading to and from major exchanges that presumably hold the keys to their identities. Address bc1qxy summary. Source: Crystal Blockchain. The Bitcoin address that hackers used to solicit illicit donations is
Bitcoin (BTC) must reclaim $9,400 as soon as possible in order to change its bearish course, says Cointelegraph Markets analyst filbfilb. In an update on social media on July 16, the popular trader warned that the situation facing Bitcoin was fast becoming make or break. Filbfilb: BTC nearing end of the compression phase “BTC Bulls
The Bitcoin (BTC) market has been quiet lately. A little too quiet. As of Tuesday Bitcoin’s volatility levels had dropped to levels unseen since 2017. In recent weeks, Bitcoin has fallen behind as investors piled into altcoins such as Chainlink (LINK) and Cardano (ADA) . One possible explanation for Bitcoin’s consolidation may be an increased
Elon Musk’s Twitter account was apparently hijacked today following a series of attacks on cryptocurrency-related accounts, including major exchanges such as Binance, and U.S.-based Coinbase, and Gemini. Other handles compromised included the @Bitcoin Twitter account. Musk’s account pinned a tweet to his feed at 4:17pm ET which suggested that the entrepreneur would double any Bitcoin
Bitcoin (BTC) set another dubious record on July 15 as realized volatility sank to its lowest in three years. According to data from on-chain analytics resource Skew, 30-day realized volatility recorded its smallest reading since 2017 this week. BTC volatility echoes pre-$20K position Realized volatility refers to volatility as defined by various timespans. Low volatility
Darrell “Bubba” Wallace, the only African American driver in NASCAR’s top racing series, will now be flying around the track in a car adorned with the Bitcoin logo. According to a tweet posted by Twitter CEO Jack Dorsey on July 14, the NASCAR driver’s new paint job has at least two Bitcoin (BTC) logos along
The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900. According to the information revealed by ZDNet, a dark web marketplace claims that data from 142,479,937 MGM hotel guests are on sale. Preferred payment is denominated in
Peer-to-peer Bitcoin (BTC) marketplace Paxful announced on July 14 that its platform has witnessed another surge in trade volume, hitting the $4.6 billion mark and reaching over 4.5 million wallet registrations. Paxful is also forecasting an additional two million users by the end of 2020, as the company is entering its 5th anniversary. Emerging markets