Day: July 5, 2021

Fortune 500 Companies and 1 Billion Users: Cardano Foundation Shares Its Goals for Next 5 Years

In his recent presentation, Frederik Gregaard, CEO of the Cardano Foundation, has shared some lofty goals that the Zug-based organization has for the next five years. Ads Ads According to the CF strategy, three Fortune 500 companies could hold and use ADA, the native token of the Cardano blockchain, by 2024. Other objectives include increasing

Brazilian ‘King of Bitcoin’ Busted for Alleged $300 Million Fraud

Brazilian Federal Police have dismantled a cryptocurrency scheme that allegedly skimmed at least 1.5 billion Brazilian reais (about $300 million) from over 7,000 victims. After a nearly three-year investigation, authorities were able to gather enough evidence to arrest Cláudio Oliveira, better known as “The Bitcoin King.” Oliveira served as president of the Bitcoin Banco Group,

Vietnam Changes Tune on Crypto with Pilot Plans

Vietnam’s Prime Minister Phạm Minh Chính has asked the State Bank of Vietnam to study and conduct a pilot implementation of cryptocurrency-based technology over the next two years, Vietnam News has reported. Vietnam More Open to Crypto The Vietnamese government seems to have changed its view on cryptocurrencies. Vietnam News has published a report indicating

Bitcoin.org Reportedly Hit With DDoS Attack, Ransom Demand

The original Bitcoin website Bitcoin.org was today hit with an “overwhelming attack” and a ransom demand, the site’s operator confirmed to Decrypt. According to the pseudonymous operator of the website, Cøbra, a distributed denial-of-service (DDoS) hit Bitcoin.org and then the attackers demanded 0.5 Bitcoin—$17,055 at today’s price. A DDoS attack is a coordinated attempt to

Ex-Cryptopia Employee Admits to Stealing $170,000 in Crypto From Exchange

An ex-employee of hacked New Zealand-based cryptocurrency exchange Cryptopia today pleaded guilty to stealing over $170,000-worth of digital assets and customer data, according to reports. The defendant, who cannot be named yet for legal reasons, admitted to two counts of theft at Christchurch District Court, New Zealand news site Stuff reported Monday. Cryptopia was New

Bitcoin.org Hit with “Absolutely Massive” DDoS Attack

“Cobra,” the pseudonymous owner of Bitcoin.org, has revealed that the website is currently being hit with an “absolutely massive” distributed denial-of-service (DDoS) attack. In a fiery tweet, the prominent developer claims that the DDoS attackers will not stop unless they get paid a Bitcoin ransom. Ads Ads https://t.co/OsFgRFRRZb getting hit with an absolutely massive DDoS

Ohio DoJ Auctions $19.2 Million in Bitcoin Seized in 2018

The U.S. Department of Justice’s Northern District of Ohio has sold over $19.2 million worth of Bitcoin seized from Mark Simon, who pleaded guilty to selling counterfeit identification documents and money laundering. DOJ Auctions Seized Bitcoin The U.S. Department of Justice’s Northern District of Ohio has sold Bitcoin worth roughly $5.1 million when seized in

What is Thorchain? The DeFi Bridge for Bitcoin, Ethereum and More

While crypto markets are maturing, developing more financial products, and gaining users, most crypto assets are still marooned on their native networks. This means assets minted on a network like Ethereum cannot be used or directly traded to another crypto network, like the Bitcoin blockchain or Binance Smart Chain. Swapping assets across blockchains is reliant

Bitcoin Gang Has Its Luxury Cars Seized by Brazil Police

Brazil’s Federal Police on Monday seized luxury cars, jewelry, and bags of cash that belonged to a money-laundering gang in Curitiba, Paraná, according to a report by Brazilian newspaper O Globo. Ads Ads Image by oglobo.globo.com The criminals managed to embezzle 1.5 billion reals ($295 million) with the help of cryptocurrencies. The operation, which was

Aave to Launch Institutional Lending Markets This Month

Ethereum’s largest lending protocol, Aave, will launch private lending markets for institutional clients this month. Lending Market For Institutions Aave is going institutional. The protocol’s founder, Stani Kulechov, confirmed the update in a Blockworks discussion focussed on “Next Steps for Institutional DeFi” last week. An email summarising the discussion later confirmed that the protocol would

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