Crypto EcoBlog
The tweet by Bitcoin Block Bot on June 27, 2020, reported a large-scale transaction, involving the movement of $933 million worth of bitcoin. Interestingly, the total transaction fee cost was 0.00005271 BTC, which is just meager $0.48.Whale alert! ? Someone moved 101,857 BTC ($933M) in block 636,503 https://t.co/sy099uLVBV— Bitcoin Block Bot (@BtcBlockBot) June 26, 2020A total of 101,857 BTC was split unequally between two separate bitcoin recipient addresses. That’s a total of 0.485% from...
Read More »Augur v2 Comes On July 28th, Brings A New Token And REP Rename
The veteran decentralized betting platform Augur will launch the second version of its project on the Ethereum mainnet on July 28th, 2020.The current REP token will be renamed, and upon the launch of Augur v2, the company will introduce a new coin as well.Augur v2 Arrives In Late JulyAs CryptoPotato reported in January this year, the veteran blockchain firm planned to introduce its second version later in 2020. The statement outlined several notable changes in the operational process. Those...
Read More »Altcoin Season on Wall Street Booms: Wirecard AG Stock Up 700% In 5 Days
Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. WDI plunged to a bit over 1 EUR and jumped to above 9 EUR earlier today following positive news from the UK’s regulator.Wirecard AG’s Stock Price Roller-CosterThe company’s drama began a few weeks ago as its decade-long auditor Ernst & Young was unable to locate 1.9 billion EUR ($2.1bn) in company funds. Shortly after, long-time CEO Markus...
Read More »BitMEX Operator Appoints Financial Expert Dr. David Wong As Non-Executive Chairman
HDR Global Trading Limited (HDR), the operator of the cryptocurrency derivatives trading platform BitMEX, announced today that financial expert Dr. David Wong has joined the company as a non-executive chairman.Joining HDR will see Dr. Wong working alongside three other board members, including co-founder and CEO Arthur Hayes, co-founder Ben Delo, and co-founder and CTO Samuel Reed.30 Years Of Financial ExperiencePer the release shared with CryptoPotato, Wong is a recognized industry leader...
Read More »Police In Spain Tracks Down Alleged Child Porn Organization Using Bitcoin Transactions
The Spanish Civil Guard arrested multiple people across the country who are allegedly involved in the distribution of child pornography. It was an international investigation on a dark-web case where people used cryptocurrency to pay for illegal content.Scheme Busted Through Cryptocurrency PaymentsAccording to a recent report, police in Spain had detected the alleged criminals by following cryptocurrency payments of users who entered the child porn web platforms. In a few operations,...
Read More »Crypto.com And TenX Resume Crypto Card Issuance As UK FCA Lifts Wirecard UK Restrictions
The UK Financial Conduct Authority (FCA) has allowed Wirecard UK to resume payment services. Consequently, the companies handling cryptocurrency debit cards resumed their issuance.Wirecard UK Resumes Regulated ActivityFollowing the missing $2.1 billion of company funds and Wirecard filing for insolvency, the UK FCA, which authorizes and supervises its subsidiary Wirecard Card Solutions, suspended all regulated activities last week.UK’s watchdog argued that the primary objective of these...
Read More »Bitcoin Solves This: $2.8 Billion Worth of Gold Counterfeited by Chinese Company from Wuhan
If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20 billion yuan ($2.8 billion) with the fake bars. 83 Tons of Fake Gold Bars According to a report by ZeroHedge, Wuhan Kingold Jewelry Inc., a company founded and operated in Wuhan, China, has...
Read More »Bitcoin Price Could Dive To $6K If It Falls Below $8,500 Soon, According To The Wyckoff Pattern
By examining a well-known technical component, the popular YouTuber The Moon believes that Bitcoin could be heading towards $6,000 in the next few months if it breaks the vital $8,500 level.Bitcoin And The Wyckoff Distribution PatternThe cryptocurrency analyst initially posted the chart on Twitter in which he has inserted BTC’s current position on the Wyckoff distribution pattern. It works as a medium-term technical instrument that begins in a preliminary supply stage (PSY) where the asset’s...
Read More »Rising DeFi Protocol Balancer Loses $500,000 To Hacker In Pool Exploit (Updated)
The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday.Balancer Lost $500k In Pool VulnerabilityDeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s pools. News about the hack emerged on social media on Sunday evening, but Balancer did not issue an official report until this morning.According...
Read More »Binance Rolls Out 50x Leverage For Compound (COMP) While OKEx Adds Support For Spot Trading
Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance.Trading COMP With 50x LeverageStarting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be able to both long and short COMP on perpetual contracts, using leverage between 1x and 50x.Unlike traditional futures contracts, a...
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