Bitcoin Back Up Above $10K Sunday

Bitcoin Back Up Above $10K Sunday

After several weeks of trading in narrow ranges, bitcoin breached $10,000 on Sunday for the first time since early June.

Submitted by Reuters on,

Wozniak Sues YouTube Over Bitcoin Scams, Did Twitter Employees Aid Hackers?

Wozniak Sues YouTube Over Bitcoin Scams, Did Twitter Employees Aid Hackers?

Apple co-founder Steve Wozniak announced he will be filing a lawsuit against YouTube, claiming the site failed to remove a series of scam videos that used his name as a means of enticing viewers to send Bitcoin to a specific wallet.

Submitted by Aaron Goldstein on,

Probe Into Ladbrokes Parent Company Expands, $890K in Bitcoin Seized

Probe Into Ladbrokes Parent Company Expands, $890K in Bitcoin Seized

The United Kingdom tax authorities have widened their ongoing investigation into online sportsbook operator GVC Holdings allegedly regarding the activities of its former Turkish subsidiary.  GVC Holdings is the parent company of Ladbroke, PartyPoker and Bwin.

Submitted by Jagajeet Chiba on,

3 Minute Sportsbook Payouts at BetOnline! Whales Move USDT 110,000,000 in 1 Hour

3 Minute Sportsbook Payouts at BetOnline!  Whales Move USDT 110,000,000 in 1 Hour

Talk about fast online sportsbook payouts, one customer of BetOnline reported via Twitter he received his within - drum roll please - three minutes.

Submitted by Aaron Goldstein on,

FBI Hunts for Bitcoin Scammers in Massive Twitter Hack

FBI Hunts for Bitcoin Scammers in Massive Twitter Hack

The Federal Bureau of Investigation is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the social media platform.

Submitted by Reuters on,

High-Profile Twitter Accounts Swept Up in Wave of Apparent Hacking Demanding Bitcoin

High-Profile Twitter Accounts Swept Up in Wave of Apparent Hacking Demanding Bitcoin

A wave of tweets in apparent hacking swept through Twitter (TWTR.N) on Wednesday, with more than half a dozen high-profile accounts - belonging to U.S. presidential candidate Joe Biden, billionaire Bill Gates, and rapper Kanye West, among others - used to solicit bitcoin donations.

Submitted by Reuters on,

Coinbase Readies Landmark Stock Market Listing

Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter.

Submitted by Reuters on,

Lithuania Dabbles in Crypto-Coin as Central Banks Look for Ways to Fend off Facebook

Lithuania Dabbles in Crypto-Coin as Central Banks Look for Ways to Fend off Facebook

Lithuania is about to issue the first central bank-produced digital coin in the euro zone, part of a project to trial state-backed digital currencies and blockchain technology in everyday use.

Submitted by Reuters on,

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens.

Submitted by Aaron Goldstein on,

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday.

Submitted by Associated Press on,

New Zealand Seizes $90M From Russian Bitcoin Fraud Suspect

New Zealand Seizes $90M From Russian Bitcoin Fraud Suspect

New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States.

Submitted by Associated Press on,

Casinos Push for Cashless Gambling Payments, Citing Virus, A Boost for Bitcoin?

Casinos Push for Cashless Gambling Payments, Citing Virus, A Boost for Bitcoin?

The American casino industry wants gambling regulators to make it easier to adopt cashless payment transactions on the casino floor, citing a desire to help customers avoid handling money during the coronavirus outbreak. 

Submitted by Aaron Goldstein on,

User Pays $2.6 Mil in Transaction Fees to Send $134 of Ether

User Pays $2.6 Mil in Transaction Fees to Send $134 of Ether

Wynn reportedly is in good hands, even as the worldwide pandemic rages on.  Forbes estimates that "it may take until Q3/Q4 for the demand slump to recover, which could reduce the company’s revenue by at least 30% from $6.6 billion to $4.2 billion.

Submitted by Aaron Goldstein on,

The Benefits of Crypto Casino Gambling

Crypto has emerged as the banking method of choice for millions of online casino players in recent years. Most of the leading casino sites now accept Bitcoin and other cryptocurrencies for deposits and withdrawals. These are the seven key benefits of using crypto for online casino gambling:

Submitted by Payton on,

Investors Say Spike in Bitcoin Could Take Time

Investors Say Spike in Bitcoin Could Take Time

Investors expecting a sudden surge in bitcoin’s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.

Submitted by Reuters on,

Hackers Move $800K, $1.4 Bil in Crypto Stolen, $5M Reward for Crypto Superintendent

77.644901 BTC (796,638 USD) of stolen funds was transferred from a Bitfinex Hack 2016 to an unknown wallet this past week.

Submitted by C Costigan on,

“Peculiar” BTC Price Action Sparks Volume Surge

“Peculiar” BTC Price Action Sparks Volume Surge

The price of Bitcoin shot above the $10,000 mark for the first time since February.

Submitted by Aaron Goldstein on,

Bitcoin Shoots Over $10K

Bitcoin Shoots Over $10K

The price of Bitcoin has hit an important milestone June 1, 2020, crossing above the $10,000 mark.

Submitted by Aaron Goldstein on,

New Bitcoin Bug Could Wreak Havoc, YouTube Censorship Blockchain Alternative Lbry.tv

New Bitcoin Bug Could Wreak Havoc YouTube Censorship Blockchain Alternative Lbry.tv

Bitcoin's timelocked transactions used to discourage miners were found to be bugged.

Submitted by Aaron Goldstein on,

North Korea Accused of Cyber Attacks on Crypto Exchanges

The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payments through hundreds of front companies.

Submitted by Associated Press on,

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

Man Charged in Scheme That Used Bitcoin to Buy Personal Data

A New Hampshire man has been charged in a fraud scheme that involved using Bitcoin to buy stolen personal data belonging to people across the country, officials said. 

Submitted by Associated Press on,

Does a Higher Bitcoin Value Mean More Bitcoin Casinos?

Does a Higher Bitcoin Value Mean More Bitcoin Casinos?

Bitcoin is one of the most baffling currency concepts ever created in the 21st century. While others are keener to continue transacting with traditional currency, others have shifted to using bitcoin in their daily transactions. Some have even gone so far as playing in online casinos using this cryptocurrency. 

Submitted by Payton on,

Argentina Cryptocurrency Trading Crackdown

If you have ever met anyone from Argentina, you probably have heard how difficult it is to get money in and out of that country.  Bitcoin and other cryptocurrencies have helped in recent years, but now Argentina is beginning to crack down on local Bitcoin trading.

Submitted by Aaron Goldstein on,

Did Bitcoin's Creator Just Move 50 BTC? First Time Since 2009

Rumors that Satoshi Nakamoto, Bitcoin's creator, had moved 50 BTC remain unsupported, claims Zack Voell of CoinDesk.

Submitted by Aaron Goldstein on,

Cryptocurrency Company Closes Montana Data Center Operation

A digital currency company announced the closure of its Montana data center and the initiation of bankruptcy proceedings.

Submitted by Associated Press on,

The Fed’s Unlimited Ammo Highlights Importance of Bitcoin’s Digital Scarcity

The Fed’s Unlimited Ammo Highlights Importance of Bitcoin’s Digital Scarcity

In a follow-up interview, last night on 60 Minutes Powell made comments that underscore the importance of the digital scarcity hard-coded into the Bitcoin protocol. 

Submitted by Aaron Goldstein on,

Bitcoin Loophole a Scam? App Claims You Can Make $13K in 24 Hours

Bitcoin Loophole a Scam? App Claims You Can Make $13K in 24 Hours

A bitcoin investment scheme calling itself Bitcoin Loophole claims it can help people make over $13,000 within 24 hours via its algorithmic crypto trading app.  You can become a millionaire in just 61 days.  But wait!. This is a scam associated with a different kind of investment, according to Kevin Helms of Bitcoin News.

Submitted by Aaron Goldstein on,

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

So much of the end of the world coming following Bitcoin's third ever halving.  As of Wednesday night Eastern Standard Time, the largest cryptocurrency was trading at just over $9300, peaking at $9411 earlier in the day.  This represented an increase of more than 4%.

Submitted by Aaron Goldstein on,

Bitcoin Goes Through Third Halving, Blockchain Solution for Provably Fair Gaming

Bitcoin Goes Through Third Halving, Blockchain Solution for Provably Fair Gaming

Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down. 

Submitted by Aaron Goldstein on,

Whales Sink Price of Bitcoin

The price of Bitcoin fell from a high of $9990 to $7995 before rebounding to $8656 late Saturday.  This represented at 15% drop.

Submitted by Aaron Goldstein on,