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Tag Archives: lost

Diar Report Reveals 30% of Bitcoin Supply is Lost or Yet to be Mined

A recent report by cryptocurrency research publication Diar has revealed some interesting statistics about Bitcoin wallets and the nature of their owners. The findings show that the majority of Bitcoin is held in a small number of wallets and many of these have had no outgoing transactions even despite the 2018 bear market. Resolve Amongst Long-Term Holders Seems Strong The ...

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Another $10 Billion Lost; Why Have Crypto Markets Dumped Again?

Another week, another dump; Ethereum, EOS, and VeChain, all in pain. Just when the crypto community was thinking a recovery could be possible, markets take a big dump once again to dash all hopes. Wiping out all gains over the past few days, markets have slid back below $200 billion and are looking extremely bearish again today. Bitcoin has lost ...

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Over US$8 Million Lost by 2,600 Investors in South Korea’s ‘Treasure Ship’ ICO

Millions of dollars are estimated to have been sunk by investors seeking a piece of the ‘Russian treasure ship’ ICO fronted by a South Korean ‘treasure-hunting’ firm. According to South Korean police, it has been tentatively concluded that about 2,600 people invested around 9 billion won or slightly over US$8 million in Shinil Group which claimed to have discovered a ...

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Mt. Gox Crypto Exchange Opens Claims for Creditors to Request Lost Funds

Creditors of hacked Japanese cryptocurrency exchange Mt. Gox began filing civil rehabilitation claims Thursday, August 23 in a fresh attempt to retrieve their lost bitcoins. An online claims submission process released by trustee Nobuaki Kobayashi details the various prerequisites for the exchange’s creditors, who now have until October 22 to submit a filing. The news follows on from an update ...

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Over $2 Million Lost to Crypto Scams in Second Quarter of 2018

A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via crypto scams. The report, entitled “Spam and phishing in Q2 2018,” notes so-called “crypto giveaways” as a pervasive example of phishing, wherein cybercriminals dupe individuals into giving up sensitive information as part of a ...

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Investor Files Lawsuit Against AT&T Over Hack That Allegedly Lost Him $24 Mln in Crypto

An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto, CNBC reports August 15. Plaintiff Michael Terpin has reportedly filed a 69-page complaint with the U.S. District Court in Los Angeles against his erstwhile telecoms provider, alleging that $24 million in cryptocurrency was ...

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Market Plummets But Hope Isn’t Lost Yet for Bitcoin

Bitcoin fell by over $500 today as a result of an SEC announcement, which formally delayed the verdict regarding the VanEck-backed ETF for 45 days. While things may be beginning to look bearish for this early-stage market, many remain hopeful when taking a mid to long-term outlook on this nascent industry. Market Tumbles To Yearly Lows After Weeks Of Speculation  Over ...

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Bitcoin ETFs May Have Lost the Battle, But Not the War

On July 26, the U.S. Securities and Exchange Commission (SEC) scrapped the application for a Bitcoin exchange-traded fund (ETF) run by brothers Tyler and Cameron Winklevoss. While the market took the news negatively and the price of BTC crumbled — though it jumped back to the green within 24 hours — the ETF case is far from being closed: As ...

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