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Tag Archives: Million

Hong Kong Exchange KuCoin Nets $20 Million Investment From Major VC Firms

Hong Kong-based international cryptocurrency exchange KuCoin has closed a Series A funding round worth $20 million, the company confirmed Nov. 14. Led by IDG Capital, Matrix Partners and Neo Global Capital, the funds will go towards the release of KuCoin’s 2.0 platform, expansion into new markets, research and more. “We will continue to spare no effort in exploring the best ...

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Tokyo Police Arrest 8 Men Allegedly Involved in $68 Million Crypto Pyramid Scheme

Tokyo police have arrested eight men that are suspected of collecting a total amount of $68.4 million in cash and cryptocurrency using a pyramid scheme, Japanese daily newspaper Asahi Shimbun reports Wednesday, Nov. 14. The suspects claimed to run a U.S. investment company dubbed “Sener,” conducting seminars with foreign speakers. The police report that at least one of the meetings ...

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Dash Stress Test Passes 3 Million Transactions, Smashes Bitcoin Cash Record by Nearly 50%

Dash’s network processed a historic number of transactions during a recent stress test, far surpassing the previous record for a Bitcoin-based network held by Bitcoin Cash. On the 11th of November, a pre-planned stress test was launched on the Dash network, run by Delta Engine, the company behind MyDashWallet. The stress test broke previous records by reaching over 3 million ...

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Bitmain Sues Anonymous Hacker Over $5.5 Million Theft

Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5.5 million in cryptocurrency last April from the company’s account on the digital exchange Binance. The hacker’s identity is still unknown, and he’s described only as “John Doe” in official court documents, which were filed in accordance with the lawsuit on November 7, 2018, with the U.S. District ...

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Hackers Demand $6.3 Million in Bitcoin From Malaysian Media Giant

Twitter Facebook LinkedIn Advertisement Ransomware creators have attacked Malaysian media giant Media Prima Bhd and are demanding bitcoins before they can allow access to the company’s compromised computer systems. According to The Edge Markets, which initially broke the news, the hackers struck on November 8 consequently denying the company’s employees access to the email system. The hackers are now demanding ...

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Manhattan Real Estate Worth $36.5 Million to be Tokenised and Sold to Investors

A blockchain startup has partnered with a broker-dealer company to create a tokenised real estate investment opportunity. Fluidity and Propellr will offer tokens representing shares in a multimillion-dollar block of condos in Manhattan, New York, allowing buyers to invest as much or as little as they like. Blockchain Continues to Disrupt the Real Estate Industry Michael Oved, the co-founder of ...

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Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud …

The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 months on wire fraud charges. ...

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US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes

U.S. citizen Joseph Kim of Phoenix, Arizona has been fined $1.1 million and sentenced to 15 months in jail for misappropriating Bitcoin (BTC) and Litecoin (LTC) from several people, the U.S. Commodity Futures Trading Commission (CFTC) reports Friday, Nov. 9. The CFTC found out that Kim defrauded his employer, a Chicago-based proprietary trading firm, transferring approximately $601,000 worth amount of ...

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Rivetz Raises $5.5 Million in RvT Token Pre-Sale

Rivetz Intl, today announced it has secured $5.5 million USD (19,000 ETH) in a private pre-sale of its Rivet (RvT) token, a cybersecurity token developed to provide verifiable security controls for cloud authentication, IoT, blockchain, and legacy financial transactions. The RvT token enables multi-factor authentication across devices, to achieve provable security at both the transaction and authentication level. The Rivetz ...

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