Klarna Raises over $650 Million to Reach $10.6 Billion in Europe

Klarna, the Swedish payment firm, has reportedly recorded a massive growth in the U.S. as the country continues to battle the emergence of the COVID-19. Klarna has become the biggest Fintech Unicorn in Europe after amassing over $650 million in an online equity funding round. This has taken the company’s valuation to $10.6 billion. The Swedish payment firm has reportedly recorded a massive growth in the U.S. as the country continues to battle the emergence of the COVID-19. The global pandemic has had a considerable effect on consumer preference and…

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase

Billion-dollar public company Microstrategy Inc. has bought 16,796 more bitcoins. The company has purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million. Microstrategy’s Bitcoin Investments Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoin, CEO Michael Saylor revealed on Tuesday. He tweeted: On September 14, 2020, Microstrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses. This…

The $700 Million Wallet Crack: Bitcoin’s 7th Largest Address Is Under Constant Attack

During the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate. According to the CTO of the cybercrime intelligence firm, Hudson Rock, the wallet is being publicized on hacking forums in order to crack the password. Wallets with a massive amount of bitcoin (BTC) are listed on bitinfocharts.com in a list called the “Bitcoin Rich List.” During the last ten years, crypto proponents have scrutinized this list in order to figure out the…

European Crypto Exchange Hacked for $5.4 Million in Bitcoin

Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected to the internet. Eterbase used these wallets to facilitate day-to-day trading activities on its platform. However, hot wallets tend to be susceptible to hacks on account of their being connected to the internet. “Law enforcement authorities have been informed and we will assist as much as we can in…

IRS doubles down, investing another quarter million dollars into tracking crypto transactions

On Sept. 8, the IRS’s criminal investigation department signed a $249,900 contract with a blockchain analytics firm to expand its crypto tracing tools.  The contract provides limited information, but it follows an overarching trend of the IRS stepping up its game when it comes to crypto.  The firm behind the contract, Blockchain Analytics and Tax Software, is a relative unknown compared to familiar faces in analytics like Chainalysis. The firm’s only prior government contract was for only $9,800 with the U.S. Treasury for serving as an expert witness. Just last week…

This European Crypto Exchange Was Just Hacked for $5 Million

In the first crypto exchange hack of this bull market, a European crypto exchange was hacked for around $5 million. Only the exchange’s “hot” wallets were compromised per their report. A hot wallet is a cryptocurrency wallet connected to the Internet. For exchange, hot wallets are often used to enable fast withdrawal of one’s holdings, as the opposing “cold” wallets are meant to take some effort to access. Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000 Crypto Exchange Hacked For $5 Million Announced on Twitter and in…

$700 Million Worth of Synthetic Bitcoin Is Circulating on the Ethereum Blockchain

According to onchain data, there’s now 69,836 synthetic bitcoin tokens (over $700 million) circulating on the Ethereum blockchain. Out of the six synthetic bitcoin token projects, wrapped bitcoin (WBTC) commands the largest number of coins with over 63% and 44,622 WBTC. Synthetic bitcoin (BTC) has grown massively in recent weeks and since news.Bitcoin.com’s last report on the subject, there was 38,021 BTC circulating on the Ethereum chain. Since then, that metric has jumped more than 83% as there’s now 69,836 synthetic bitcoin tokens in the wild on September 7, 2020.…

Bitcoin Price Slips Below $10,000, Liquidating $40 Million

Bitcoin has sustained a strong correction over the past few days as legacy markets have turned red. The price of the leading cryptocurrency just plunged under $10,000 minutes ago for the third time in the past 48 hours. BTC now trades for $9,950 as of this article’s writing, around a percent or two above the local lows of $9,800. The market’s momentum seems to be bearish. This is exemplified by futures markets for Bitcoin, which have begun to print a series of negative funding rates, which means the prices of…

SaTT Breaks the Bank With $1 Million Collected in 48 Hours – The ICO Race Is Back?

After 2 years of development and an initially difficult experience (in the middle of a bear market), the SaTT project, which offers an original advertising solution based on blockchain and is already working with the biggest social networks such as Facebook, Twitter, YouTube, and Instagram, has just achieved exceptional performance, selling more than a million dollars of its SaTT tokens…in less than 48 hours. Does this performance, which took everyone by surprise, signal the return of euphoria around ICO and blockchain projects? Are we going to see a comeback of…

South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex

A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC) and foreign currency investment pool. In a press statement, the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) said it jointly charged Jali and two accomplices for orchestrating the “Ponzi scheme”. Arley Ray Johnson and John Frimpong, both of Maryland, fraudently solicited…