eToro CEO, Binance Exec Join Justin Sun’s $4.5 Million Buffett Lunch

The highly anticipated crypto power lunch between Warren Buffett and Justin Sun is growing and will now include two new members who promise to enrich the conversation between the two businessmen. eToro CEO Yoni Assia is one of them. Assia has been straightforward and actually pushed for an invitation instead of waiting for it. Would love to join as well ! I believe there is huge potential for social impact that can be done via #Crypto and would love to have @WarrenBuffett engaged with us ! https://t.co/n8G6ecm9vb — Yoni Assia…

Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto

Eliyahu Gigi, a 31-year-old from Tel Aviv, has been charged with stealing over $1.7 billion in a variety of cryptocurrencies. Gigi allegedly stole BTC, Ethereum, and Dash from users in the Netherlands, Belgium, and Germany.  Lawyer Yeela Harel of the cyber department in the State Attorney’s Office filed charges against Gigi on July 17, according to a report published the same day by Globes. Gigi has reportedly been charged with crimes including theft, fraud, and money laundering, among others. According to the report, Harel’s indictment claims that Gigi set up…

Crypto Exchange Bitpoint Admits to 50,000 Victims of $32 Million Hack

Japanese cryptocurrency exchange Bitpoint was hacked last week when hackers stole 3.5 billion yen ($32 million) from the exchange’s hot wallet, of which 2.5 billion yen were customer funds. It has now come to light that around 50,000 of its 110,000-strong customer base were affected by the hack, just days after an operational improvement order, imposed last year, was lifted at the end of June. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 More details have emerged about the Bitpoint hack The…

John McAfee Reiterates His $1 Million by 2020 BTC Price Prediction

In a rather haughty Tweet posted earlier today, American crypto enthusiast John McAfee wrote that he was “laughing his f—— ass off” at the concern over Bitcoin’s falling price this week. The entrepreneur went even further and reiterated his prediction that Bitcoin would reach $1 million by 2020. What has him so bullish? John McAfee Predicts Bitcoin $1 Million by 2020 Bitcoin price has fluctuated wildly in recent weeks. Unable to breach the $14,000 mark, Bitcoin topped out at approximately $13,650 and fell back below $10,000 at the end of…

Hacked Crypto Exchange Reveals New $2.3 Million Theft, $35 Million Total

After losing about ¥3 billion ($32 million) to cyber criminals last week, it now appears that hackers not only targeted the Japanese operations of Bitpoint but also other overseas exchanges running the firm’s cryptocurrency trading system. According to The Japan Times, cryptocurrencies worth $2.3 million were stolen in an earlier attack which targeted Bitpoint’s subsidiaries. The Japanese cryptocurrency exchange did not, however, disclose which subsidiary or subsidiaries were affected. Currently, Bitpoint Japan operates subsidiaries in Asia, South America and North America. Some of these subsidiaries are BITPoint Malaysia, BITPoint Hong…

New York City College Struck by Ransomware, $1.9 Million in Bitcoin Demanded

Munroe College in Manhattan has been hit by a ransomware attack that has shut down the college’s computer systems. The hackers are demanding 170 bitcoin (BTC), which is roughly $1.9 million. The malware infection came to light on the morning of July 10, but the specifications of the infection are still largely unknown, as reported by Bleeping Computer, July 12, 2019. College Network Shutdown At 2:45 AM PST, Monroe College’s entire computer network was shut down by an unknown ransomware, with hackers demanding they pay 170 BTC to restore their…

New US House Bill Would Fine Facebook’s Libra $1 Million Per Day

A proposed bill to fine major tech firms such as Facebook $1 million per day if they issue cryptocurrencies is being circulated by Democrats, Reuters reports on July 15. Reuters cites a copy of draft legislation — reported on by Cointelegraph when it first surfaced online last week — and notes that it proposes to impose a $1 million fine daily upon any firm that violates its proposed rules. Per Reuters, the bill is being put forward for discussion by the Democratic majority leading the United States House Financial Services…

Japanese Crypto Exchange Bitpoint Loses $32 Million in a Hack and Ceases Operations

When it comes to cyber-attacks on cryptocurrency service providers such as crypto exchanges, trading platforms, wallet service providers, etc. Japan has been quite prolific. Recently, another Japanese crypto exchange, Bitpoint, stopped its trading services due to a major cryptocurrency hack resulting in a loss of about 3.5 billion Japanese Yen ($32 million) worth of cryptocurrency, which includes popular cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), etc. On July 11th, Bloomberg reported that the Japanese crypto exchange and trading service provider Bitpoint ceased all operations after losing $32…

Ex-Hollywood Exec Indicted for Stealing and Pumping $22 Million into Bitcoin  

Dennis Blieden, a former executive at StyleHaul Inc., a marketing services, media, and technology firm that represents influencers on YouTube and Instagram, has been arrested for embezzling $22 million from the company. Blieden allegedly invested the money in bitcoin and other personal expenses, according to a press release on July 11, 2019. StyleHaul Exec Arrested  Per sources close to the matter, Dennis Blieden, a 29-year-old resident of Nevada who functioned as the controller and vice president of accounting and finance for StyleHaul Inc., between 2015 and March 2019, has been…

Bitpoint Hacked for $32 Million, Another Example of Crypto’s Volatility

A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a hot wallet (a wallet connected to the internet), but other funds held in cold wallets or offline haven’t been affected. The hacking was brought to light when an error appeared in the exchange’s outgoing funds…