Wednesday, 26 January 2022

Tag Archives: cryptocurrency

Cryptocurrency Exchange Binance Eyeing $1 Billion in Profits

LONDON: Leading cryptocurrency exchange Binance is thriving despite 2018 seeing a massive downturn in pricing for cryptocurrency. As alluded to last month by Arthur Hayes, co-founder of exchange BitMex, the falling price of cryptocurrency has yet to dampen the growth most exchanges are seeing throughout 2018. While investors scramble to ...

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$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

LONDON: The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht. Ulbricht, better ...

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Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom

NEW YORK: Many in the cryptocurrency community thought that Bitcoin bottomed at $6,000, as it held over that price level for weeks on end. However, Bitcoin dropped under $5,800 on the weekend, leading some to believe that Bitcoin’s price could move even lower. Brian Kelly, leading cryptocurrency trader and analyst ...

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Bitcoin Price Rebound Above $10,000 by 2019, Analyst Predicts

LONDON: Todd Gordon, founder of TradingAnalysis predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be ...

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More than $1.2b in cryptocurrency stolen since 2017

NEW YORK: Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. The estimates were part ...

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Circle Announces USD Cryptocurrency

LONDON: The company said the latest investment raises its valuation to about $3 billion, from a reported $480 million in 2016. Investors in previous funding rounds include such giants as Goldman Sachs, Baidu and investment bank China International Capital. Also, Circle announced that it will issue fiat-based digital tokens. The ...

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Iran Develops Its Own Cryptocurrency

TEHRAN: Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says the Iranian cryptocurrency is being developed under a joint project involving the ministry’s ICT Research Institute, Central Bank of Iran’s Monetary and Banking Research Institute and the state-run Post Bank. “Last week, in a joint meeting aimed ...

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Bill Gates Says Bitcoin has Caused Deaths

NEW YORK: Microsoft founder Bill Gates criticised the anonymity of cryptocurrencies during a Reddit “Ask Me Anything” session on Tuesday, even going so far as to suggest that their use in the illicit drugs trade has directly caused death. “The main feature of crypto currencies is their anonymity,” he said. ...

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Hackers used Tesla’s cloud to mine cryptocurrency

LONDON: The electric car maker was hit by hackers recently, something security researchers at cloud security firm RedLock revealed. RedLock said that the unprotected Kubernetes console that Tesla owns saw hackers getting into their systems, and mining cryptocurrency. Kubernetes is something Google designed, and is used to deploy and manage ...

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