Early Wednesday morning, 43,564 BTC – worth more than $313 million at current prices – was withdrawn from Bittrex to an unknown wallet. To put that in perspective, it’s almost as much as the daily trading volume of Bitfinex and Coinbase combined.$313 Million Sent only for $1: Try That With FiatWhat is remarkable about this particular transaction – aside from the size – is that the fee to transfer that much Bitcoin was only $1. You can’t even buy a cup of decent coffee for $1 anymore, let alone transfer millions of dollars in fiat currency.Now compare that to trying to wire fiat currency. Depending on the amount being transferred, you could pay thousands in ‘hidden’ fees on top of a transfer fee that is 10 – 20x greater – or more – than that of Bitcoin. For example, if you were to try to

Veteran entrepreneur and noted crypto proponent John McAfee has announced that his 2020 presidential campaign has officially begun. Of course, with U.S. authorities looking for him, McAfee would likely be arrested as soon as he set foot on American soil, but since when has he let a few pesky details stop him?McAfee made the announcement Tuesday morning on Twitter, boasting that he is “a perfect candidate to disrupt this system.”The McAfee 2020 U.S. Presidential Campaign has now formally begun. I cannot be President. You all know this. But I hope you also know that I am a perfect candidate to disrupt this system, and I fully intend to do so. Welcome to our first campaign video.https://t.co/bcWFlMryUy— John McAfee (@officialmcafee) December 3, 2019McAfee first announced his intention to run

The head of a $230 billion Singaporean investment fund is the latest high-profile public figure to have their likeness used to promote Bitcoin Pro – an investment scam making the rounds on Facebook.Ho Ching, who has served as Temasek’s CEO since 2004, warned her more than 57,000 followers on Monday:“Just to alert everyone that there have been some more fat frogs jumping in the streets! […] The scams masquerading as breathless news from Straits Times, Channel News Asia, etc, have resurfaced and are making the rounds again, using my name and making up fake breathtaking quotes from me and others.”Fake Ad of Bitcoin Investment ScamThe ad bears the “as seen on” logos of several legitimate and reputable media outlets, including The New Paper, The Business Times, Today, The Independent Singapore,

The head of a $230 billion Singaporean investment fund is the latest high-profile public figure to have their likeness used to promote Bitcoin Pro – an investment scam making the rounds on Facebook.Ho Ching, who has served as Temasek’s CEO since 2004, warned her more than 57,000 followers on Monday:“Just to alert everyone that there have been some more fat frogs jumping in the streets! […] The scams masquerading as breathless news from Straits Times, Channel News Asia, etc, have resurfaced and are making the rounds again, using my name and making up fake breathtaking quotes from me and others.”Fake Ad of Bitcoin Investment ScamThe ad bears the “as seen on” logos of several legitimate and reputable media outlets, including The New Paper, The Business Times, Today, The Independent Singapore,

It’s that time of year again. Thanksgiving is just days away, and you know what that means. No, I’m not talking about the family get-together or passing out in front of the TV after eating way too much.I’m talking about shopping! Bitcoin Black Friday 2019 is here and there are some crypto-related deals on this year’s list that you won’t want to pass up.Ledger Nano Hardware Wallet – 30% Off + Free ShippingFrom now through December 2nd, you can save 30% site-wide on all Ledger products. This includes bundles, accessories, and devices. In addition to their Black Friday discounts, Ledger is also offering free shipping with no minimum order amount!Ledger accepts Bitcoin and Bitcoin Cash in addition to credit cards and PayPal.Shop Bitcoin Black Friday deals at Ledger »Ledger Nano STrezor

The official Monero website has been hacked and versions of its downloadable Command Line Interface (CLI) software have been infected with XMR-stealing malware.A security warning was sent out on Twitter alerting users that “CLI binaries available on http://getmonero.org may have been compromised at some point during the last 24h. Investigations ongoing.”#Monero Security Warning:CLI binaries available on https://t.co/UYopePqqdo may have been compromised at some point during the last 24h. Investigations ongoing.https://t.co/BqnONy4PPg— Monero || #xmr (@monero) November 19, 2019Shortly thereafter, Monero’s core development team confirmed the incident on Reddit, admitting that the infected files had been served from the website for roughly 35 minutes before they switched to a secure fallback

Blockchain took it on the chin this week as several big names in the industry speculated that the technology that underpins Bitcoin and other cryptocurrencies has been over-hyped. Meltem Demirors, CIO of CoinShares Group, even went so far as to declare blockchain “dead.”Don’t Start Eulogizing Blockchain Quite YetDemirors, along with more than a thousand enthusiasts, investors, financial managers, regulators, and other movers and shakers in the crypto space, were on hand at this year’s Invest: NYC conference on Tuesday.Elaborating on the demise of blockchain, she explained:“After two, three years of spending a lot of money on this and a lot of investment dollars going into this, I think the bigger question as an investor is: What’s the scalable revenue model and is there equity value that’s

In yet another example of China’s changing view of cryptocurrency, the People’s Liberation Army’s (PLA) media mouthpiece is calling for its soldiers to be rewarded with crypto to incentivize performance.A Tokenized Rewards and Demerits SystemA recent article in the military-run PLA Today suggested that some form of cryptocurrency could be used as part of a performance assessment rewards system that would gauge how well soldiers completed tasks, progressed in their training, and other criteria.Such a system could “award or deduct tokens according to one’s daily performance and thus generate an objective assessment would effectively energize human resource management,” the article said.In addition, several military use-cases for blockchain technology were also proposed to improve information