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Bitmain Incurred $625 Million in Losses, New Mining Machines to Turn the Tables for Q3
Within the first two months of 2019, privately-owned chips designer for bitcoin mining, Bitmain has reportedly incurred $625 million in losses discloses Bitcoinist. In particular, January’s losses added up to $345 million, followed by February’s additional $280 million. дальше »
2019-8-4 22:51 | |
Bitmain Loses $625 Million In Two Months, But Pins Hopes On New Tech
Bitcoin mining rig manufacturer, Bitmain, reportedly made losses of $625 million in the first two months of 2019. However, it has high hopes for a turnaround based on demand for new 7nm mining machines. дальше »
2019-8-3 12:51 | |
Bitfinex, New York Attorney General’s legal battle set to go on after fresh extension
The ongoing tiff between crypto-giant iFinex and the New York Attorney General’s Office (NYAG) over Bitfinex’s jurisdiction continues to pique the interest of the cryptocurrency community. While the initial legal battle was limited to New York AG’s claims of Bitfinex covering its $850 million losses with Tether, the two continue to fight over Bitfinex’s jurisdiction […] The post Bitfinex, New York Attorney General’s legal battle set to go on after fresh extension appeared first on AMBCrypto. дальше »
2019-7-30 13:35 | |
55,000 cryptocurrency users affected in Bitpoint’s $28 million hack
Embattled cryptocurrency exchange Bitpoint has revealed that roughly half of its 110,000 users were affected by last week’s $3. 02 billion yen ($28 million) hack, reports The Mainchi. Speaking at a Tokyo press conference, Bitpoint president Genki Oda noted that of the 3. дальше »
2019-7-16 15:47 | |
Japan’s Bitpoint Exchange Recovers Stolen Cryptos
Bitpoint, a Japan-based Bitcoin trading venue that suffered a 3. 5 billion yen ($32 million) heist last week, has reportedly found over 250 million yen ($2. 3 million) of the stolen digital assets, bringing down the total sum of lost cryptocurrencies to $28 million, reports local news source, The Mainichi on July 14, 2019. дальше »
2019-7-16 23:00 | |
Bitcoin Exchange Hack: $32 Million Stolen from Japanese Platform Bitpoint
The Japanese bitcoin exchange Bitpoint is the latest platform to fall victim to hackers, losing $32 million in cryptocurrencies according to a report by Remixpoint Inc. , its parent company. Bitpoint joins other Japan-based exchanges, including Zaif and Coincheck to suffer losses due to cyberattacks. дальше »
2019-7-12 19:00 | |
Tron’s Justin Sun Didn’t Cause a Suicide – But He Didn’t Stop It Either
TRON (TRX) founder Justin Sun found himself at the center of a $30 million controversy this week, after burned investors in a Chinese Ponzi scheme claimed Sun was complicit for their losses. Victims of the Ponzi say Sun’s failure to denounce the scheme – which purported to be associated with TRON – caused more damage […] The post Tron’s Justin Sun Didn’t Cause a Suicide – But He Didn’t Stop It Either appeared first on CCN Markets дальше »
2019-7-6 16:01 | |
Blockchain Developer Dispatch Labs Suffers Losses Despite Market Recovery
Dispatch Labs’ total remaining investment had dropped by more than half — from $13 million to around $6.5 million, in the aftermath of market drop
дальше »2019-6-16 03:11 | |
Chinese Bitcoin Trader Commits Suicide after Losing 2,000 BTC on 100x Leverage Bet
By CCN Markets: A Chinese Bitcoin trader has allegedly committed suicide after he lost investor’s money in a highly leveraged trade position. According to 8btc, Hui Yi lost 2,000 Bitcoins after he entered a short position which was liquidated after it went in the opposite direction. дальше »
2019-6-12 15:18 | |
Poloniex Users Threaten to Sue After Losing $13.5M in CLAM Flash Crash
By CCN: U. S. -based cryptocurrency exchange Poloniex has revealed that its lenders lost $13. 5 million in a sudden CLAM price crash. To cover its losses, the exchange slashed the principal of active BTC loans by approximately 16%. дальше »
2019-6-7 21:20 | |
Poloniex Announces BTC Margin Lending Pool Resulted in $13.8 Million in Losses
In a recent Medium post, crypto exchange, Poloniex shared a loss incurred in their BTC Margin Lending pool – one amounting to 1800 BTC or $13.8 Million (as per current conversions). The team has since found the source and shared the following: On May 26, a sudden, severe price crash in the CLAM market caused […] дальше »
2019-6-7 07:18 | |
Ethereum Classic [ETC]: Mining begins in Astor Network as community responds to 51% attack
Ethereum Classic [ETC] endured a 51% attack twice in the month of January, attacks which successfully latched on to ETC’s blockchain for several days. The losses estimated following the breach accounted for more than $1 million. дальше »
2019-5-28 20:00 | |
Cryptopia Fumbles Customers’ Stolen Crypto Recovery in Catastrophic F**kup
By CCN: Cryptopia, the cryptocurrency exchange shattered by an over $16 million hack earlier this year, is in a huge mess as a third-party server host demands $2 million to release customer data. The fall of Cryptopia In January, Cryptopia got hacked two times. дальше »
2019-5-27 14:20 | |
Infographic: An Overview of Compromised Bitcoin Exchange Events
The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2. дальше »
2019-5-25 21:56 | |
Tether Blockchain Snooping Reveals $12 Million Worth of USDT Sent From Treasury to Unknown Wallet
Tether and Bitfinex are at the center of an ongoing raging controversy which does not seem to die down any time soon. It all started with Bitfinex covering their losses with its USDT reserve and then manipulating their financial sheets to show no losses at all. It was followed by New York Attorney General filing […] дальше »
2019-5-23 00:24 | |
Tether Partly Backed by Bitcoin, Court Transcription Reveals
Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets. дальше »
2019-5-22 23:02 | |
UK: Crypto Scams Increased Three-Fold, Net Losses Decreased
According to a report from the Financial Times, the number of crypto and forex scams had increased three-fold in the past financial year, increasing from 530 to 1,834 in 2018-19. The net loss associated with the frauds summed to $34 million. дальше »
2019-5-21 22:00 | |
Tether [USDT] worth 12 million sent from Tether treasury to unknown wallet
Tether has been the center of rumors and speculation for a long time; however, the rumors and speculations reached a peak when NYAG, Letitia James, filed a lawsuit against Bitfinex and Tether for defrauding investors by covering up losses. дальше »
2019-5-21 20:53 | |
During Bullish April, Fiat-to-Crypto Exchanges Outperform Crypto-to-Crypto
In its April 2019 Exchange Review, released on May 20, 2019, London-based crypto data analysis firm CryptoCompare found that fiat-to-crypto exchanges performed much better than crypto-to-crypto platforms did over the last month, as cryptocurrency prices rose across the board. дальше »
2019-5-21 20:48 | |
Baidu Stock Slides 16%: Here’s Why China’s Google is Stuck in Freefall
By CCN: Baidu, China’s largest search engine and that country’s equivalent of Google, suffered a 16 percent stock price haircut after reporting a poor earnings quarter that stunned shareholders. Baidu Stock in Freefall After Q1 Losses Shock Investors As China’s economic growth continues to slide, one of its largest tech companies, Baidu, has taken a hit to advertising revenues. дальше »
2019-5-18 21:20 | |
Tether and Bitfinex Ask New York Attorney General for Fund Accessibility
Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens. дальше »
2019-5-16 18:51 | |
Bitfinex carries billion worth IEO
Bitfinex will be the first trading platform to attract approximately $1 billion during the initial exchange offering. The attracted financing will allegedly be spent on covering losses from $850 million confiscated due to New York Attorney General's investigation. дальше »
2019-5-16 10:16 | |
Binance Reveals Hack Information as Security Becomes a Public Concern
This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin. дальше »
2019-5-10 18:48 | |
Buffett’s Berkshire Scammed Out of Staggering $340 Million by Solar Ponzi Fraud
By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend. дальше »
2019-5-9 18:16 | |
Bitfinex Alleged $850M Fraud Now Wants To Raise $1B For Its Token
Following the controversy that Bitfinex allegedly used illicit funds to cover $850 million in losses, which it, along with… The post Bitfinex Alleged $850M Fraud Now Wants To Raise $1B For Its Token appeared first on Invest In Blockchain. дальше »
2019-5-9 10:39 | |
Canadian Crypto Mining Company Hut 8 Posts $136 Million in Loses During 2018 After $49.4M
Canadian cryptocurrency mining giant Hut 8 recorded $136 million in losses in 2018, according to its annual earnings report published Monday. Hut 8 Mining Corp (TSXV:HUT) is one of the world’s largest publicly traded crypto mining companies by operating capacity and market capitalization. дальше »
2019-5-9 23:41 | |
Bitfinex Releases White Paper for LEO Token Sale
Bitfinex is forging forward despite its ongoing row with the authorities, and it's looking for investors to support its efforts. Today, May 8, 2019, iFinex, the operator and parent company of the popular cryptocurrency exchange, released a private token sale white paper, putting to rest rumors of its Initial Exchange Offering (IEO). дальше »
2019-5-8 18:33 | |
Bitcoin Miner Hut 8 Reveals $136 Million Losses for 2018, Eyes Market Uptrend
Canadian BTC miner Hut 8 downplays 2018 losses within context of increased revenue and market recovery
дальше »2019-5-8 14:37 | |
Craig Wright’s wife Ramona Ang sues exchange for $3M in Bitcoin losses
News surfaced yesterday that the wife of Craig Wright, the man famous for claiming to be Satoshi Nakamoto, has supposedly lost $3 million worth of Bitcoin following a series of trading mishaps. дальше »
2019-5-8 13:33 | |
Donald Trump Paid Zero Taxes in a Decade, Lost More Money Than ‘Every Other American’: NYT
By CCN. com: The Donald Trump business lost $1. 17 billion in a decade according to tax information seen by the New York Times. The figures mean the “self-made” president lost more money between 1985 and 1994 than any other American. дальше »
2019-5-8 12:49 | |
Tether, Bitfinex Stay Afloat Amid Controversy
Tether and Bitfinex vow to fight NY attorney general’s claims that $850 million of Tether’s cash reserves was used to plug losses
дальше »2019-5-7 14:15 | |
Tron [TRX] records block height of 9 million
Justin Sun’s Tron [TRX] made headlines in the cryptospace after Sun’s controversial $20 million Tesla giveaway and the coin’s resurgence from its significant winter losses. While the larger community still holds mixed feelings about the 11th largest cryptocurrency on CoinMarketCap, Justin Sun sparked Tron’s buzz again by tweeting an interesting development, “#TRON reached 9 million block […] The post Tron [TRX] records block height of 9 million appeared first on AMBCrypto. дальше »
2019-5-7 10:30 | |
Bitfinex, Attorney General Legal Sparring Continues With New Court Filings
Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend. дальше »
2019-5-7 01:42 | |
Bitfinex Reveals $1 Billion Token Sale ‘LEO’ Despite $850 Million Tether Scandal
By CCN. com: Still mired in controversy over that $850 million loss, the powers at be at Bitfinex have come up with an idea to replace the funds and it’s raising eyebrows for a bounty of reasons. Bitfinex’s solution to try to make whole those who were burned in the hack that led to the losses is to issue more tokens. дальше »
2019-5-6 11:11 | |
S&P 500 Stock Plunges 24% After Brutal Q1 Loss Stuns Investors
By CCN: Stocks are broadly tanking today, but Fluor, Inc. , a Texas construction outfit, is leading the charge, with a roughly 24% loss by press time. The company lost 48 cents per share and announced the resignation of its 8-year CEO David Seaton. дальше »
2019-5-3 22:34 | |
NYPD: Bitcoin thieves posing as government officials have stolen over $2M
New York’s Police Department (NYPD) is alerting the public about phone scammers posing as Social Security Administration officials and requesting payment in Bitcoin, prepaid gift cards, and bank wire transfers. дальше »
2019-5-2 13:05 | |
Can Alchemint Live If Maker DAIs?
Stablecoins may be the least exciting tokens in the world of cryptocurrency, but even these projects have their share of drama. Last week, the New York Attorney General’s Office accused Bitfinex of masking $850 million in losses with the reserves of their stablecoin, Tether. дальше »
2019-5-2 00:57 | |
Bitfinex-Tether episode hardly affects stablecoin; continues to be pegged with cryptos despite systematic risk
The Bitfinex/Tether episode made headlines in the crypto community over the past week. The repercussions were felt even in the market as Bitcoin [BTC] plummeted by almost $400 after news broke out that Bitfinex used Tether reserves to cover up its undisclosed losses, speculated to amount to $850 million. дальше »
2019-5-1 19:30 | |
$300 Bitcoin Premium on Bitfinex as BTC Price Continues to Recover
Forget Korea’s Kimchi Premium, bitcoin is currently trading at a more than $300 of the market average on Bitfinex – the platform recently accused of covering losses of up to $850 million. Meanwhile, Tom Lee of Fundstrat says the lack of significant downtrend in the BTC price action since the Bitfinex news broke out isRead MoreRead More. дальше »
2019-5-1 18:18 | |
Bitfinex connected to HSBC account involved in bank fraud case, reveals US Department of Justice
The Bitfinex-Tether episode witnessed another twist in the tale after the United States Department of Justice revealed that a part of the $850 million connected to Bitfinex’s alleged losses was in its hands. дальше »
2019-5-1 15:45 | |
“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. дальше »
2019-5-1 01:22 | |
Tesla Embarrassed by Major Chinese Buyer in Giant New York Billboards for Million-Dollar ‘Electromechanical Failures’
By CCN. com: Times Square visitors were treated to an embarrassing shellacking of Elon Musk and his Tesla clown car on Monday. Three advertisements appeared in the popular area of New York City demanding that Tesla provide Shenma, a high-end Chinese ride-hailing firm, with compensation. дальше »
2019-4-30 09:18 | |