Monthly Archives: November 2018

Investor Lawsuit Brought Against AT&T, T-Mobile for SIM Swapping Hacks

Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping.” The suit alleges that both companies possessed flaws in their security systems and failed to properly train their employees to work against hackers seeking to gain access to users’ smartphones. SIM swapping occurs when a hacker gathers information on a potential victim, such as their phone password, answers to their security […]

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Binance CEO: Business Still Good, Despite Exchange Volume Drop

Speaking with CNBC Africa, Binance CEO Changpeng Zhao said that despite lower trade volumes, the business is still “profitable.” Binance cryptocurrency exchange CEO Changpeng Zhao said that the company is not concerned over low trade volumes caused by the current market slump, according to an interview with CNBC Africa posted on YouTube Nov. 8.   Speaking on CNBC Africa’s “Crypto Trader” show, Changpeng Zhao — also known as CZ — said that the exchange is not worried by a volume drop of almost 50 percent since last […]

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Early Win for Shrem: Judge Unfreezes Assets in Winklevoss Lawsuit

In a short-term win for bitcoin advocate Charlie Shrem, a federal judge has lifted the freeze on Shrem’s financial accounts in an ongoing legal battle against the Winklevoss twins. Shrem’s financial accounts and assets were temporarily frozen via an attachment order following the suit’s initial filing. The order allowed the U.S. Marshall for the Southern District to freeze Shrem’s assets, instructing cryptocurrency companies like Coinbase and Xapo and legacy financial institutions to freeze Shrem’s assets up to $30 million, the amount the Winklevosses are seeking in damages. […]

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Swedish Man Sentenced After Sending Bomb to Crypto Firm Over Lost Password

A Swedish man was sentenced to six and a half years in prison after sending a bomb to employees of the Cryptopay Bitcoin wallet, debit card service, and exchange platform. A Swedish court has sentenced a man to six and a half years in prison after he sent a “potentially lethal homemade bomb” to a U.K.-based crypto firm, BBC reports today, Nov. 9. Jermu Michael Salonen, 43, faced several charges in the Stockholm District Court, including sending a bomb to Cryptopay employees in London, and mailing a […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 9

Following a breakout earlier this week, some coins have returned to their range-bound action. Let’s see what the charts forecast.   The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While many experts and investors view the current crypto bear market as a negative, economist Tyler Cowen, professor at George […]

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Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million

Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading  Revenue Soars but Profits Fall During the third quarter of 2018, the Toronto-listed miner extracted 1,978 BTC at a cost of $3,394 per coin, almost half the average market price of bitcoin for […]

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Institutional Investors And How They May Change The Crypto Market

More institutional investors have been getting into the Crypto sector in the past few months. Bloomberg recently reported that hedge and endowments funds have been buying Cryptos worth millions of dollars through private transactions. This has seen miners go-ahead to offer over-the-counter OTC Crypto sales with some having liquidity desks to support about $250 million to $30 billion in trades. In the past, institutional investors have cited volatility as the main factor that has kept them away from joining the sector. Nevertheless, with most coins such as […]

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Amazon and ConsenSys-Built Kaleido Launches Full-Stack Marketplace

Blockchain software-as-a-service (SAS) project Kaleido has launched a marketplace to provide its users with a “full-stack enterprise platform.” Their “Blockchain Business Cloud” now features a “new marketplace [of] trusted tools and services from Kaleido, AWS, and members of the new partnership program, all offered as plug-and-play.” The suite of services will feature oracles, wallet and ID services, supply chain tools and even legal contract software. According to a company statement, “Clients now have access to native AWS integrations, popular services such as HD wallets for privacy and […]

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93% of Brits Have Heard of Bitcoin, but Only 4% Have Bought It, Survey Shows

UK market research company YouGov’s survey on Bitcoin shows that 93 percent of Brits know about the currency, but are not likely to purchase it. The vast majority of British people – 93 percent – have heard of Bitcoin (BTC), but only 4 percent claim to have bought it, according to a recent poll by UK market research company YouGov published Nov. 7. According to the survey, conducted this month, nine out of ten Brits have heard of Bitcoin, however, they report not understanding it. Only 4 […]

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Malaysia’s Education Ministry Sets up University Degree Verification System via Blockchain

The Ministry of Education of Malaysia is setting up a NEM blockchain-based university consortium to combat degree fraud. The Ministry of Education (MoE) of Malaysia is establishing a University Consortium to combat degree fraud using blockchain, the ministry announced in a tweet Nov. 8. According to the ministry’s tweet, the system is designed to issue and verify the authenticity of university-issued degrees. The new government-backed consortium will initially be comprised of six public universities and their diploma-verifying system is set to operate using the NEM (XEM) blockchain. […]

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