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Tag Archives: Mln

$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price

Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents are one of the main ...

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Wall Street’s EF Hutton Wants to Raise $60 Mln Issuing Crypto ‘Instruments, Coins, Tokens’

U.S. stock brokerage firm EF Hutton plans to issue $60 million in various cryptocurrency instruments from January 2019, Bloomberg reported September 13. The latest in a series of crypto-related announcements this month, the company’s parent organization HUTN said it would begin offering “multiple instruments, coins and tokens” which would “generate proceeds of at least $60 million.” The move comes the ...

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Australian Firm Aiming for $15 Mln ICO for Crypto Exchange Addresses Regulatory Scrutiny

Byte Power Group (BPG), the Australian company aiming to launch the country’s first cryptocurrency exchange using an ICO, responded to regulatory pressure with fresh information about its plans Wednesday, September 5. In a statement to the Australian Securities Exchange (ASX), BPG addressed concerns the regulator raised last month as details of the fundraising became public. BPG has since begun selling ...

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More Than $500 Mln Tether Issued in August Is Not Impacting Crypto Markets

New issuances of stablecoin Tether (USDT) are not currently affecting the prices of either major cryptocurrencies or smaller altcoins, Bloomberg reports August 24. In the article, Bloomberg noted that the allegations that Tether has been used to manipulate or stabilize the price of Bitcoin (BTC) — previously put forward in a paper from the University of Texas — are not ...

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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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Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain

The Hong Kong University of Science and Technology Business School has received a $20 million research grant to improve the security capabilities of electronic payment systems, China News reported Aug. 12. The Hong Kong University of Science and Technology (HKUST) Business School has reportedly partnered with the University of Hong Kong (HKU), the Chinese University of Hong Kong (CUHK), and ...

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Counterparties Could Foot the Bill For $416 Mln BTC Futures Trade Shortfall on OKEx

Crypto exchange OKEx has issued an official statement today, August 3, in response to its forced liquidation of a colossal misfired Bitcoin (BTC) futures trade worth a notional $416 million that was initiated by an unidentified problem trader earlier this week. OKEx, currently the world’s second largest exchange by traded value, has said that its risk management alert system was ...

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Square’s Bitcoin Integration Turns $37 Mln Revenue in Q2 2018

Twitter CEO Jack Dorsey’s payments service Square generated over $70 mln in Bitcoin revenues in the first half of 2018, the company revealed in a quarterly report to the U.S. Securities and Exchange Commission (SEC) August 1. Square, which began offering users the option to buy, sell, and store Bitcoin in its wallet late last year, saw $37 mln in ...

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