Blockchain.com Loan Desk On Track to Lend Over $120 Million In November

United Kingdom-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million this month. On Nov. 14, the Block reported that Blockchain.com has been quietly building its loan desk to be competitive with firms like Genesis Global Trading and BlockFi. CEO of Blockchain.com, Peter Smith, said that his lending business initially started out by making loans to other cryptocurrency lending firms on a “case-by-case basis.” While the company lent out around $10 million in new loans during the month of August, by the…

Canaan Targets $100 Million Through US IPO

One of the most significant developments of the past few months in the crypto sphere has been the potential initial public offering of Bitcoin miner maker Canaan. The company is the second-biggest company in the category, and its IPO is all set to be one of the biggest events in the crypto space this year. In a new development, the company stated that it wishes to raise as much as $100 million from its IPO in the United States. The statement is a bullish one and goes to show that…

Ledger Vault Secures $150 Million Crime Insurance Policy for Digital Assets

Ledger Vault, the custody arm of hardware wallet manufacturer Ledger, has procured a crime insurance policy developed with broker and risk advisory firm Marsh and insurance company Arch Insurance Limited. According to an announcement on Nov. 14, the Ledger Vault platform now provides its users a customized crime insurance program for cryptocurrencies for up to $150 million. The program applies to third-party theft of the master seed and private keys, secure transmissions of the master seed fragments, and insider Ledger employee theft caused by collusion. Commenting on the new offering,…

Bitcoin.com Wallet App Marks Over Five Million Wallets Created

The Bitcoin.com Wallet has now achieved a major milestone with over 5 million wallets created since the app launched just a little over two years ago. An upcoming version of the digital wallet app will add SLP token support and additional features. Also Read: Video: Bitcoin Cash Lets You Buy Equity Over the Counter at a Bar Bitcoin.com Wallet Continues to Grow Bitcoin.com today marks more than five million wallets created with the company’s official wallet app. The Bitcoin.com Wallet was launched back in August 2017 and quickly gained a…

Canaan Creative Sets Terms, Plans to Rake in $100 Million in Upcoming US IPO

Chinese cryptocurrency mining giant Canaan Creative has announced terms for its United States initial public offering (IPO) planned for later this month. On Nov. 13, Renaissance Capital reported that Bitcoin (BTC) mining giant Canaan Creative announced its plans to raise $100 million by offering 10 million American depositary shares (ADS) at a price range from $9 to $11. This would potentially put the company’s overall market value at some $1.6 billion, with an enterprise value of $1.4 billion. An ADS is a U.S. dollar-denominated equity share of a foreign-based company…

Dutch Police Bust CEO of Blockchain Game Firm, Komodore64 – €78 million Gone?

About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Dutch Police Bust CEO of Blockchain Game Firm, Komodore64 – €78 million Gone?

About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Mexico: State-Owned Oil Firm Targeted in $5 Million Bitcoin Ransomware Attack

Petroleos Mexicanos (PEMEX), a state-owned petroleum company established in 1938, has suffered a ransomware attack that has succeeded in shutting down its computers and online payment systems. The hackers are demanding for 565 BTC and have given the firm a 48-hour deadline to send the money. DoppelPaymer Attacks PEMEX In a fresh bitcoin (BTC) ransomware attack, Mexico’s state-run petroleum company has been targeted by crypto thieves looking to get $5 million richer. Per sources close to the matter, a group of bad actors has succeeded in infecting the computer and…

Real Estate Developer Sells New York Condo for $15.3 Million in Bitcoin

Ben Shaoul, a real estate magnate based primarily in New York City and the president of Magnum Real Estate Group, has sold a condo for $15.3 million all payed in Bitcoin(BTC)trade. The residential property located in Manhattan at the Upper East Side and was purchased by a Taiwanese buyer. Magnum Real Estate group represented the landlord who intends on converting the rental of 389 East 89th Street into complete condos for sale. The property sold earlier this month is part of this chain, standing at 11,400 square foot space. According…

Bitcoin Price Jumps Up and Down Resulting in Market Losses of $90 Million

Bitcoin price spiked and fell suddenly making the markets lose $90 million and everyone believe that a Bitcoin rally is underway. Most Bitcoin traders’ open positions were threatened yesterday by a swift and sudden spike in Bitcoin prices between 11:15 am Eastern and 11:21 am Eastern. Bitcoin prices increased from $8,787.11 to $9,123.34 within that time range. Insiders and cryptocurrency enthusiasts attributed the sudden spike to liquidations of short positions worth about $58.04 Million. Most of the gains made at the start of trading were retained but before the end…