Amazon before Bitcoin acceptance?

Bitcoin was already being discussed as a payment method for Amazon in 2014. At the time, the company couldn’t get used to this idea. Almost six years later, Jeff Bezos, founder of Amazon, is again in contact with the cryptocurrency. What spoke against the introduction of BTC on Amazon at the time? The scalability and market volatility risks of the cryptocurrency are likely to have been decisive for the rejection of Bitcoin. On November 19, Ham Serunjogi, co-founder and CEO of Chipper Cash, stated in a tweet that his FinTech…

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Cryptocurrency platform attack via social engineering at GoDaddy

Employees of the domain registrar GoDaddy fell victim to social engineering. They gave attackers access to cryptocurrency platforms. GoDaddy confirmed that some of its employees have fallen for a social engineering scam. Due to the captured data, hackers have taken over the email and DNS records for a number of crypto trading platforms. According to a report by Krebs on Security, GoDaddy had “a break-in where hackers tricked employees into transferring ownership and / or control of certain domains to them.” This social engineering targeted the Liquid.com domain name owned…

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Wild speculation – Huobi: Bitcoin exchange manager allegedly arrested

A Huobi manager was rumored to have been arrested. Despite denials, many investors are selling their bitcoins. Then there’s a mysterious tether payment at Huobi. Unconfirmed rumors suggest that the COO of Singapore-based Bitcoin exchange Huobi was arrested on Monday. Huobi himself denied these rumors, claiming that Robin Zhu was on a normal business trip and will attend a meeting on Tuesday. Nevertheless, some investors did not allow themselves to be appeased and already started to reduce their Bitcoin deposits. The rumors are clearly reverberating, after all, Huobi is one…

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Chainalysis: Already 3,700,000 Bitcoin lost forever

The amount of Bitcoin is known to be limited. But how big is the percentage of lost BTC? Chainalysis gets to the bottom of this question and sees the increased number of institutional investors as a price driver. There are many myths about lost bitcoins. The blockchain analysis company Chainalysis has come to a highly remarkable result in their search for reasons for the BTC price rally 2020. In its new report, the company says there are currently around 14.8 million bitcoins in circulation. In addition, there is a considerable…

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Hong Kong: is China behind the new crypto regulations?

Apparently, it will soon be mandatory for crypto exchanges in Hong Kong to apply for a license from the supervisory authority SFC. The pressure from China could well be behind the new regulation. According to a report by Reuters news agency, there is a change of course in Hong Kong. Accordingly, all platforms that trade in cryptocurrencies are subject to regulation. The city’s market overseer announced this on Tuesday. So far, the “opt-in” procedure has applied in Hong Kong. Hong Kong’s financial supervisory authority, the Securities and Futures Commission (SFC),…

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vpnMentor exposes Bitcoin fraud for Facebook users

vpnMentor uncovered a phishing operation targeting hundreds of thousands of Facebook users worldwide and targeting Bitcoin fraud Cyber criminals have stolen Facebook passwords and lured friends of their victims with posts related to them on websites promoting a Bitcoin scam. Security researchers from vpnMentor revealed that they made their entire operations available in an unsecured database. The cloud server is now offline. The perpetrators put unsecured Elasticsearch database online The security researchers at vpnMentor, Noam Rotem and Ran Locar, have disclosed a fraud in which approximately 13.5 million data records…

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BitConnect promoter faces a long prison sentence

A leader in the global crypto pyramid scheme BitConnect faces years in prison. A court ruling is expected in February 2021. John Bigatton, the former chief scammer of the Australian branch of the BitConnect pyramid scheme, may be wandering behind Swedish curtains for a long time. As the Australian Securities & Investments Commission (ASIC) published via press release, the authority is conducting an investigation against Bigatton for multiple offenses against applicable Australian financial law. The Australian is charged with the following crimes: Operating an unregistered investment platform (maximum penalty: five…

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China’s bitcoin miners can no longer pay electricity bills

The Chinese government’s ongoing aggressive behavior towards the Chinese crypto industry has resulted in Bitcoin miners now facing difficulties paying their electricity bills. According to a tweet published on November 16, 2020, 74 percent of surveyed Chinese miners are currently having trouble paying their electricity bills. The background to this problem is that the Chinese government has been cracking down on the exchange of crypto and fiat currencies for a long time. In 2020, the government called for vehement action against money laundering and other illegal activities. This particularly applies…

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Bitcoin spin-off Bitcoin Cash splits again

The proposal to pay developers via a miner’s fee first caused a dispute in the Bitcoin Cash community and has now caused a hard fork. With the Bitcoin spin-off Bitcoin Cash, another spin-off took place on Sunday. Behind the fork is a group called Bitcoin ABC around the developer Amaury Sechet. Their goal was an update with a protocol change that was supposed to introduce a kind of mining tax at Bitcoin Cash: Eight percent of the mining income should be automatically transferred in order to finance developers working on…

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The best asset in the world: asymmetrical returns with Bitcoin investments

In the world of portfolio theory there is an overarching, irrevocable dogma: Those looking for higher returns must be prepared to take more risk. So there is typically a linear relationship between risk and return. The big question is how Bitcoin fares from this point of view. This can be checked with government bonds. German government bonds, rated with the top AAA rating, promise a return of -0.59 percent over ten years. Not a particularly good investment, but pretty safe. Meanwhile, the current interest rate on Brazilian 10-year bonds is…

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