Category: Blockchain

JBS, the world’s largest meat producer based in Brazil, revealed that the company had paid hackers a ransom of about $11 million worth of Bitcoin to solve the Ransomware. The company CEO revealed to The Wall Street Journal Wednesday. JBS USA Holdings Inc. learned the company was under attack last Sunday, receiving blackmail messages from hackers and demanding a

China took joint national actions to arrest more than 1,100 suspects involving committing crimes by conducting cryptocurrencies unlawful trading, Reuters reported. According to the local media coverages, The Public Security Ministry sent law enforcement units on Wednesday afternoon across Beijing City, Hebei, Shanxi Provinces and other 23 regions in total. Police officers had busted more

Interactive Brokers Group Inc has revealed plans to start providing crypto trading through its brokerage within the next few months. “Customers are asking for it, and we expect to be ready to offer it to them by the end of the summer,” said Thomas Peterffy, Interactive Brokers chairman and founder, said that at the Piper

Bitcoin (BTC) experienced a sharp correction that drove the price to lows of $30k after enjoying a remarkable bull run, which pushed the price to an all-time high (ATH) of $64,800 in mid-April. Bitcoin miners have been on the receiving end because this market crash slashed their profit margins.  As a result, their miner wallet

In an interview with CNBC on Tuesday, June 8, Marc Lasry, the founder of Avenue Capital Management and owner of the Milwaukee Bucks, acknowledged that Bitcoin had grown much faster than he thought it could. He stated that he should have purchased a lot more coins earlier. “I think the probability, as more and more

The Hong Kong Monetary Authority (HKMA) has outlined its new technological development roadmap dubbed the ‘Fintech 2025’. It aims to develop Fintech and digital currency, Hong Kong’s version of Central Bank digital currency (e-HKD).  Per the published report, the apex monetary authority seeks to drive the financial sector to adopt technology in its entirety by

Cryptocurrency exchange Kraken official announced launching the Kusama Parachain Auction platform. Kraken will support users of the exchange to bid on the Karura and Shiden projects. Karura is the Kusama network’s decentralised trading centre and pledged stablecoin platform. While Shiden, as the smart contract layer of the Kusama network, allows developers to design and build new

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, believes that as Bitcoin (BTC) continues being widely adopted, investors ought to accept the trajectory and level of volatility in the leading cryptocurrency. Bitcoin has shed off nearly half of its price After hitting an all-time high (ATH) of $64.8 in mid-April,

Politico media company featured Timothy Wu, a top tech advisor for the Biden administration recently. The media outlets cited a personal financial disclosure that Wu recently filed and estimated that he owns between $1 million and $5 million in Bitcoin. The adviser also owns between $100,001 and $250,000 in Filecoin, which provides decentralised crypto storage services.

U.S. Internal Revenue Service Commissioner Charles Retting told Congress that the authority needs more permission to collect cryptocurrency transfer data, Reuters reported Tuesday.  The IRS Chief gave testimony on Tuesday, requesting Congress to authorise more power by providing apparent statutory authority to tax agency to access data on cryptocurrency transfer over $10,000 that mostly underreported.