Tag: 7M

Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain

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Decentralized finance (DeFi) continues to expand beyond Ethereum with the help of top-tier investors. Acala, a DeFi startup building on the Polkadot blockchain, has closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital. Other investors in the funding round include 1confirmation, Arrington XRP Capital, ParaFi Capital, Coinfund, Spartan Capital and others. Polkadot is a blockchain designed both to easily integrate with other blockchains and to host a number of independent but interconnected chains. Acala functions as what the Polkadot ecosystem calls a parachain, allowing it…

People Have Spent Almost $7M on ETH Gas for Uniswap

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Press time data from EthGasStation shows decentralized exchange Uniswap as the place users have spent the most Ethereum (ETH) on gas payments over the past 30 days. Uniswap participants shelled out a combined 17,700 total ETH as fuel to send their trades through — equalling $6.99 million spent on gas over the past month.  Tether (USDT) came in second place. People spent a combined total of $6.39 million in ETH as gas to transact the popular stablecoin. Chainlink (LINK) ranked eighth.  Uniswap has taken the crypto world by storm in…

Market Wrap: Bitcoin Slides to $11.8K; Uniswap at $7M in Monthly ETH Fees

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Bitcoin’s prices were off from Monday’s high. Meanwhile, high fees on Ethereum helped decentralized exchange Uniswap rake in $7 million over the past month. Bitcoin (BTC) trading around $12,002 as of 20:00 UTC (4 p.m. ET). Slipping 2.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,825-$12,412 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Aug. 16. Source: TradingView Read More: Bitcoin Mining Pools See Hashrate Drop Amid Rainstorms in China After hitting a 2020 high Monday, bitcoin dipped…

NetWalker Ransomware Gang Is Storing $7M in Bitcoin in SegWit Cold Storage

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NetWalker ransomware, which last week triggered cybersecurity flash warnings from the Federal Bureau of Investigation (FBI), has extorted $25 million in bitcoin from its victims during the months of the pandemic, according to a report by McAfee and CipherTrace. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

Over 7M Americans Own BTC But Hold None In Retirement Accounts

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Ryan Radloff, CEO of custody solution Kingdom Trust, recently explained a vast number of Americans do not hold Bitcoin (BTC) in their retirement accounts.  “There’s 7.1 million Americans that have already made the leap to buy Bitcoin or take the dive into our industry so to speak, and have a retirement account, but don’t have Bitcoin in their retirement account,” Radloff told Morgan Creek Digital co-founder Anthony Pompliano in a July 18 interview.  People have more to spend on Bitcoin in their retirement accounts Retirement accounts allow the public to…

Prosecutors Expect Guilty Plea From Alleged $7m Crypto Fraudster

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Jon Barry Thompson, the accused operator of a fraudulent crypto escrow service that defrauded $7 million from two customers, is expected to enter a guilty plea — with prosecutors aiming to finalize proceedings in September. “The parties expect to reach a disposition of this matter and respectfully request that the court set a control date in September 2020 for the entry of that disposition,” the prosecution wrote in a letter submitted to the court. In April, Thompson’s counsel, Peggy Cross-Goldenberg, indicated that both sides had made “substantial progress” towards disposition.…

Hacker Group Amassed $7M in Crypto by Selling Stolen Credit Cards

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A hacker gang known as “Keeper” established an interconnected network to steal credit card data from over 570 e-commerce sites. Since 2017, they have profited around $7 million in crypto by selling card information through the dark web. According to a July 7 study by threat intelligence firm, Gemini Advisory, the hacker group managed to create 64 attacker domains and 73 exfiltration domains. These domains were used to retrieve user credit card data from numerous e-commerce sites located across 55 countries. The malicious domains hosted an identical login panel from…