Day: August 1, 2020

CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data. It is unclear whether customer information was also compromised. Reuters reported that the bitcoin wallet owned by the cyber thieves received 414 BTC on July 28 as payment for the ransom. At current prices, the ransom would be worth more than $4.8 million. According to the report, the attackers infected CWT’s computer network with a ransomware called Ragnar Locker, which encrypted…

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Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks and Regulators to ‘Cool Gold Rush’ Chinese regulators and major banks are taking measures to curb the trading of gold and other precious metals by investors in order “to cool [the] gold rush,” Reuters reported Wednesday. Gold prices hit record highs this week as investors look for safe-haven assets…

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Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today. The blockchain network is asking service providers to halt deposits while it carries out maintenance of the chain. The latest event follows a similar attack in January 2019, which led to some exchanges taking pre-emptive action. Both Ethereum Classic (ETC) and one of the founders have since put out a statement acknowledging this event which they term a chain split. ETC suffered a reorganization (reorg) of approximately 3,693 ETC blocks which occurred at block 10,904,146.…

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Three years ago at approximately 2:14 p.m. ET, the first Bitcoin Cash blocks were mined. That day, block 478,558 was the last common block found, and six hours later Viabtc mined the first Bitcoin Cash block (nr 478,559). The course of history was changed ever since this point, as the scaling debate took the dispute to a whole new level. Bitcoin Cash (BCH) proponents are celebrating the third anniversary of the chain split that took place three years ago on August 1st. The peer-to-peer electronic cash system has come a…

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Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma, and Wrapped Bitcoin (WBTC). Coinbase said the review process includes “significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.” There’s no guarantee that crypto assets under review will gain automatic listing. “[Our] goal is to offer support for all assets that meet…

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On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals to doubler scams. The suspect Graham Clark has been charged with over 30 felonies and was taken into custody by the FBI, Secret Service, and Florida law enforcement. On July 15, there was a massive Twitter hack where a large number of Twitter accounts were breached.…

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