CipherTrace: Cybercriminals stolу $1.4 billion in cryptocurrencies in 2020
It's not even half a year, while cybercriminals have already stolen $1.4 billion in cryptocurrencies since the beginning of 2020. However, 2020 is unlikely to beat 2019 in terms of stolen crypto.
Can a pandemic accelerate massive adoption of cryptocurrencies?
The COVID-19 pandemic triggered a shift from cash to contactless payment methods. The crypto community immediately decided that bitcoins, Ethereum, and other crypto-assets are about to become an ideal alternative for financial transactions. But for a man in the street who does not understand how cryptocurrencies work, the technology may at first seem scary and inaccessible.
Forecast: Bitcoin may rise in price up to $100,000 within a year
The price of bitcoin temporarily exceeded the mark of $10,000, but the cryptocurrency was not able to maintain that achievement. However, according to some estimates, the price of bitcoin may exceed $100,000 within a year.
Russia tops country rating by transaction volume on LocalBitcoins
As the financial crisis deepens, and the Russian ruble fell, the demand for bitcoin jumped sharply in Russia. It became a leader in terms of transactions volume at LocalBitcoins.
Russian energy company estimates multibillion damage from illegal mining
Rosseti, the largest Russian energy company, claimed damage from illegal mining in the amount of 450 billion rubles within the last three years. 35 cases of theft of electricity for cryptocurrency mining were revealed.
Russian authorities promise not to introduce criminal liability for purchase of bitcoin
New bills on the regulation of cryptocurrency circulation in Russia do not suppose criminal liability for the purchase of cryptocurrencies, said the Russian State Duma parliamentarian.
Former head of Russian Post branch accused of mining at the workplace
The former head of the Russian Post branch in the southern city of Mineralnye Vody was suspected of illegal cryptocurrency mining using working equipment. The damage caused is estimated at 30,000 rubles ($400).
Tencent to spend $70 billion on blockchain and AI technologies
Chinese technology giant Tencent will invest 500 billion yuan ($70 billion) over the next five years in technologies aimed at improving internal infrastructure of the holding.
Media: China accelerates digital currency project due to COVID-19 and US rivalry
Chinese authorities plan to launch the state digital currency ahead of schedule to stimulate the economy amid toughening confrontation with the United States due to the spread of the coronavirus COVID-19 in the world.
Stats: USDT transaction value reached $212 billion in 2019
Tether stablecoin settled $212 billion worth of value in 2019. The sharpest jump in USDT transaction volume was recorded in the first half of last year.
Bitcoin transaction fees jump three-fold after halving
The bitcoin network demonstrates a sharp increase in transaction fees. Within nine days after the halving, miners earned almost 50% more on transaction fees than in the whole April.
Russia to criminalize cryptocurrency turnover, again
Russian State Duma parliamentarians proposed imprisonment for up to seven years for cryptocurrency turnover. At the same time, they call for legalization of blockchain projects tokens considered as unregistered securities in many countries.
Three pools control more than half of bitcoin hashrate
Over the past day, the total share of three mining pools, F2Pool, AntPool, BTC.com, exceeded 50% of the bitcoin hashrate. Such a redistribution of forces threatens to reduce the level of decentralization in the network.
Hackers infiltrated in supercomputers in Europe to mine crypto
Hackers successfully attacked supercomputers in Europe and mined cryptocurrency on them. Many of these computers were used to search for vaccines against Covid-19.
Author of books about Harry Potter asks to tell her about bitcoin
The British writer Joan Rowling, author of the much-loved series of seven Harry Potter novels, tweeted that she did not understand what bitcoin was and asked to explain it to her.
How to comply with new AML regulations if you are crypto wallet or crypto exchange
Written by Dmitri Laush, CEO GetID, an omnichannel identity verification solution.
