A man hired to fix a business’s IT systems for $1,700 was jailed for 20 months after stealing $38,000 of cryptocurrency he found while in the company network. An IT specialist was jailed for 20 months at Liverpool Crown Court on June 11, after stealing cryptocurrency worth over £30,000 ($38,000). According to the St Helens…
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A cryptocurrency analyst has suggested that price manipulation was behind Bitcoin’s current (and previous) all-time highs, and that the $20,000 December 2017 price was “fake.” Cane Island Alternative Advisors’ Timothy Peterson has claimed that Bitcoin’s (BTC) near-$20,000 all-time high in December 2017 was “fake.” In a tweet on June 11, Peterson said that it took seven…
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A third transaction with a transaction fee worth thousands of Ether has confirmed as experts suggest foul play again. A third intriguing transaction has taken place with a 2,310 Ether (ETH) transaction fee, valued at over $540,000 at time of press. Occurring less than 24 hours after the first two transactions with over $5.2 million…
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Recorded Future says that Thanos deploys a particular encryption technique in its attack and offers a revenue-sharing scheme for external hackers. Cybersecurity firm, Recorded Future, revealed on June 10 that a ransomware attack named “Thanos” has been promoted on a number of darknet hacking forums since February. According to the report, Recorded Future’s Insikt Group…
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Maze ransomware group threatens to leak stolen data from Threadstone Advisors, LLC. Ransomware gang, Maze, strikes again. This time, the victim is a US-based independent advisory firm specializing in the consumer and retail sectors. They have a number of big clients including businesswoman and former Spice Girl, Victoria Beckham. Maze’s official dark web blog lists…
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bitFlyer Blockchain revealed a new blockchain-based new app to allow fair voting at virtual shareholders meetings. The blockchain arm of Japan-based bitFlyer Holdings is debuting a new app for shareholder voting. According to an announcement by bitFlyer Blockchain, the new app — dubbed bVote — aims to allow Japanese corporations to conduct general shareholders meetings…
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South Korean insurance giant KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients. Major South Korean insurance firm KB Insurance plans to implement a blockchain-enabled mobile message delivery system for its clients. According to a June 9 report by industry news outlet Ledger Insights, KB will use the system jointly…
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An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future. South Korean media outlets suggest that local merchants could accept the upcoming digital yuan as a payment method once the COVID-19 pandemic passes and Chinese tourist flow increases in the country. According…
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A report by CoinMetrics has found at least 80% of the entire capitalization of five top stablecoin projects is held in less than six accounts on each respective network. A report published by CoinMetrics has found extreme wealth centralization among many top stablecoins, with at least 80% of the total capitalization for five top stable…
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Japanese crypto firm Freessets announced a new technology that enhances Bitcoin wallet privacy. Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy. According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from…
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