Day: May 24, 2019

Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

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Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. Also read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations Hackers Love to Profit from People Leaving Funds on Centralized Crypto Exchanges Over the years, hackers have managed to make a lucrative career stealing…

Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

boss

Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. Also read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations Hackers Love to Profit from People Leaving Funds on Centralized Crypto Exchanges Over the years, hackers have managed to make a lucrative career stealing…

One of the Social Media Cryptos Will Succeed

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Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, has suggested that one of the crypto assets created by social media giants will succeed. Novogratz made his remarks during an interview with CNBC published on May 24. At the end of the interview, Novogratz noted: “I think Facebook’s payment currency, I think Telegram’s gonna have one…You’re gonna see one of those payment coins work, and I think that has the chance to be a real currency.” Earlier in the interview, Novogratz reiterated his stance that bitcoin (BTC) is…

AT&T Partners With BitPay To Accept Online Bill Payments in Cryptocurrencies

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U.S. telecom giant AT&T teamed up with cryptocurrency payment processor BitPay to accept online bill payments in cryptocurrencies such as Bitcoin. AT&T customers can now use the BitPay platform to pay their online bills with cryptocurrencies held in their crypto-wallets. While BitPay still remains focused on Bitcoin (BTC) for executing payment transactions, it added settlement support few months ago for Bitcoin Cash (BCH) as well as stablecoins USD Coin (USDC) from Circle, Gemini dollar (GUSD) from Gemini and Paxos Standard (PAX) from Paxos. Paying in cryptocurrencies is seen as the…

Ethereum Co-Founder Vitalik Buterin Proposes Creating On-Chain Ether Mixer

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Ethereum (ETH) co-founder Vitalik Buterin has proposed creating an on-chain smart contract-based ether mixer in a note on collaborative development platform HackMD on May 24. In his note, Buterin argues that the Ethereum ecosystem needs more privacy, and points out that the default behavior is to do everything through a single account, allowing for all of the user’s activities to be linked to each other. Furthermore, he notes that simply spreading the ether across multiple addresses is not a solution, since the transactions sending ETH to those wallets connect them.…

Crypto Exchange Binance Confirms Margin Trading Coming ‘Soon’: Report

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Binance has confirmed it will be launching a margin trading service, after the cryptocurrency exchange accidentally tweeted images suggesting the service was in development. First noticed by Twitter users earlier on Friday, Binance posted screenshots of its platform in dark and light modes, asking users which one they preferred. The screenshots contained a dedicated tab titled “Margin,” with a message saying that margin trading carries a “higher potential profit,” but also “greater risks.” Margin trading refers to using borrowed funds from a broker or exchange to trade an asset. Image via…

Crypto Exchange Binance Confirms Margin Trading Coming ‘Soon’: Report

boss

Binance has confirmed it will be launching a margin trading service, after the cryptocurrency exchange accidentally tweeted images suggesting the service was in development. First noticed by Twitter users earlier on Friday, Binance posted screenshots of its platform in dark and light modes, asking users which one they preferred. The screenshots contained a dedicated tab titled “Margin,” with a message saying that margin trading carries a “higher potential profit,” but also “greater risks.” Margin trading refers to using borrowed funds from a broker or exchange to trade an asset. Image via…

Corporate Giants Embracing Crypto is Massive Boon For Bitcoin: Researcher

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Binance’s loss of 7,000 Bitcoin (BTC), Bitfinex and Tether’s trouble in court, and the continual disapproval of BTC exchange-traded funds (ETFs) aside, the crypto news cycle has been widely positive. This trend continued on Thursday, with a multibillion-dollar telecommunications giant revealing that it would be taking its first foray into cryptocurrency, shocking investors this ecosystem over. Related Reading: Bitcoin Currently Consolidating After Dropping Towards $7,700, But a Strong Bounce May Be Imminent AT&T Partners With BitPay Announced Thursday, AT&T, a Texas-based American technology giant valued at $234 billion, will be…

LocalBitcoins Imposes Restrictions on Iranian Accounts

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Major peer-to-peer cryptocurrency exchange LocalBitcoins.com has banned users living in Iran, according to their website as of today, May 24. Screenshot of LocalBitcoin Iranian page as of press time A source had previously told Cointelegraph in an email that the impetus for restricting Iranian transactions is to comply with financial regulations in Finland, where the headquarters of LocalBitcoins.com is located. Moreover, exchanges are purportedly cutting off Iranian users due to sanctions previously imposed on other exchanges by the United States. Major crypto exchanges Coinbase and Binance do not currently support…

Litecoin (LTC) Price Soars 13% to Smash Weekly High of $100

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By CCN: Litecoin price (LTC) rose above $100 Friday for the first time in eight days, a move that marked the asset’s likelihood of retesting its 2019 high at $107.60. The world’s fifth largest cryptocurrency by market valuation bounced to 100.88 at 1106 UTC – the highest since May 17, 2019, according to San Francisco-based Coinbase exchange. The surge appeared in the wake of a market-wide upside correction, in which all the leading digital assets posted impressive intraday gains. Nevertheless, the session profits noted in the Litecoin market were higher than those…