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Fortune 500 Companies and 1 Billion Users: Cardano Foundation Shares Its Goals for Next 5 Years
On 05.07.2021 by adminIn 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
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Brazilian ‘King of Bitcoin’ Busted for Alleged $300 Million Fraud
On 05.07.2021 by adminBrazilian 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,
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Vietnam Changes Tune on Crypto with Pilot Plans
On 05.07.2021 by adminVietnam’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
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Bitcoin.org Reportedly Hit With DDoS Attack, Ransom Demand
On 05.07.2021 by adminThe 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
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Ex-Cryptopia Employee Admits to Stealing $170,000 in Crypto From Exchange
On 05.07.2021 by adminAn 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
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Bitcoin.org Hit with “Absolutely Massive” DDoS Attack
On 05.07.2021 by admin“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
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Ohio DoJ Auctions $19.2 Million in Bitcoin Seized in 2018
On 05.07.2021 by adminThe 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
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What is Thorchain? The DeFi Bridge for Bitcoin, Ethereum and More
On 05.07.2021 by adminWhile 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
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Bitcoin Gang Has Its Luxury Cars Seized by Brazil Police
On 05.07.2021 by adminBrazil’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
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Aave to Launch Institutional Lending Markets This Month
On 05.07.2021 by adminEthereum’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