Venezuela Arrests Suspects in $2 Million Bitcoin Heist As if US sanctions, economic volatility, and an at-times hostile government weren’t enough, Venezuelan traders also have to deal with hackers. The Venezuelan Scientific, Criminal, and Criminalistic Investigations Corps (CICPC), the equivalent of the Federal Bureau of Investigation in the US, recently announced the arrest of two
Active Bitcoin Addresses Neared Record Highs in November Roughly 19.6 million Bitcoin addresses either sent or received BTC during the month of November. According to blockchain data provider Glassnode, that’s the third-highest number ever for a single month, following January 2018 (19.67 million) and December 2017 (21.64 million). Active Bitcoin addresses are nearing a new
PayPal Is Already Boosting Bitcoin Trading Among Users: Survey In brief Mizuho Securities, an investment bank, asked 380 PayPal users about their trading habits 17% said they’d already traded Bitcoin on the app. PayPal began allowing US-based users to pay with Bitcoin this past month. According to a new survey from Mizuho Securities, the investment
Russia’s Largest State-Owned Bank to Launch Crypto ‘Experiment’ With JP Morgan In brief Russia’s largest state-owned bank is considering launching its own digital coin. Sberbank is also considering launching a digital asset trading platform. It’ll start work next year. Sberbank, Russia’s largest state-owned bank, may soon launch a digital asset trading platform and its own
The Libra Association Rebrands Itself to ‘Diem’ In brief The Libra Association has changed its name to “Diem.” Ahead of the stablecoin’s early 2021 launch, the organization also added several new experts to its staff. Currently, “the Association is in active and productive dialogue with FINMA.” The Libra Association, a member organization of Facebook’s Libra
Bitcoin Lacks Transparency and Integrity, Says Trump Ex-advisor In brief Former Goldman Sachs president Gary Cohn said that Bitcoin’s system has no integrity because no one owns it. “For all the reasons it’s a strong developing asset class, it may fail,” he said. At the same time, Cohn praised central banks’ digital currencies as the
The Strange Message Written on Ethereum 2.0’s First Block The Ethereum 2.0 Beacon Chain launched today, starting the first phase of the scaling upgrade on the world’s second biggest blockchain by market cap. While the launch went as planned, there was one surprising element. On the very first block, a message was written that nobody
Coinbase Enabled MicroStrategy’s Massive $425 Million Bitcoin Buy In brief Coinbase facilitated MicroStrategy’s $425 million investment in Bitcoin. Before today’s announcement, it was not known which custodian MicroStrategy used to purchase Bitcoin. Coinbase has also made it clear it is ready to help other companies diversify into crypto. Coinbase facilitated MicroStrategy’s $425 Bitcoin investment this
Bitcoin Price Drops $900 in Minutes After Breaking New High Bitcoin got within touching distance of the elusive $20,000 mark earlier today when its price suddenly fell $900 in less than 10 minutes. BTC trading opened at $19,695 on Binance today, after which Bitcoin’s price continued to grow, reaching as high as $19,888. However, the
Bitcoin Price Drops $900 in Minutes After Breaking New High Bitcoin got within touching distance of the elusive $20,000 mark earlier today when its price suddenly fell $900 in less than 10 minutes. BTC trading opened at $19,695 on Binance today, after which Bitcoin’s price continued to grow, reaching as high as $19,888. However, the
