Wednesday, 26 January 2022

Tag Archives: cryptocurrency

Investor bets $1M on Bitcoin reaching $50K within 12 months

LONDON: An investor has put his 1 million dollars on a bet that Bitcoin will reach 50,000 dollars by the end of 2018. The investor, most probably an institutional investor, placed the bet on LedgerX, an online market of Bitcoin derivatives. The first of its kind trade was confirmed last ...

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Bitcoin Lost Almost $8K in Value in the Last 24 Hours

If you’re Bitcoin-rich and sitting on enormous, life-changing gains, here’s a tip from the pros: Sell loudly, publicly and theatrically. You just might avoid charges of epic hypocrisy. In recent days, members of the cryptocurrency old guard have announced they’re bailing out. Some, like Emil Oldenburg, claim to be switching ...

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South Korea Investigating North Korea in Bitcoin Hack

SEOUL: South Korean officials are investigating whether North Korea was involved in the theft from and collapse of a bitcoin exchange in South Korea Tuesday, according to published reports. The Wall Street Journal reported late Wednesday that investigators are looking into the hack of Youbit, based in Seoul, and added ...

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Exchange giant CME’s bitcoin futures get tepid take-up in debut

NEW YORK/LONDON/SYDNEY: Bitcoin futures got a muted reception after their debut on CME Group late on Sunday, with volumes in the tens of millions of dollars in the first 12 hours of trading, as warnings about the risks of bitcoin sounded ever louder. The launch of futures by the world’s ...

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Bitcoin to consume all of the worlds energy by 2020

Bitcoin transactions are the new consumers of electricity. The amount of energy consumed in a single transaction can power up one house for a month. The cryptocurrency, Bitcoin uses electricity to make verification trades expensive. This makes transactions costly and free from frauds. In order to make the verification process ...

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Starbucks customer laptops hacked to mine cryptocurrency

LONDON: Coffee chain Starbucks says it has taken action to stop customer laptops being used to generate the cryptocurrency Monero. On December 2, a Twitter user called Noah Dinkin posted a screenshot that showed that the public Wi-Fi available in a Starbucks store in Buenos Aires, Argentina, had been hacked ...

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Hackers steal $64 million from cryptocurrency firm NiceHash

LONDON: A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies. NiceHash matches people looking to sell processing time on computers in ...

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Winklevoss twins become world’s first bitcoin billionaires

SINGAPORE: Tyler and Cameron Winklevoss – the Harvard University rowing twins who famously sued Mark Zuckerberg claiming he stole their idea for Facebook – have just become the world’s first bitcoin billionaires, say media reports. The 36-year-old brothers lost their case against Zuckerberg but received a settlement of US$65 million ...

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Bitcoin just smashed $7,000

LONDON: Just over 24 hours after it passed the $6,500 mark, bitcoin soared past another psychologically significant level this morning, rising above $7,000 (GBP 5294.8). The cryptocurrency hit $7,010 in mid-morning trading, up more almost four per cent, as it continued to climb following the announcement by US exchange operator ...

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