Bitfinex hackers moved an additional $ 4.1 million in Bitcoin during their biggest payment day

Bitfinex hackers moved an additional $ 4.1 million in Bitcoin during their biggest payment day

The electronic thief from the Bitfinex hack of four years ago continues to withdraw money, this time transferring the equivalent of $ 4.1 million in bitcoin to an unknown wallet address. Cryptocurrency tracker Whale Alert reported that hackers moved 416 bitcoin (BTC) on June 11. The funds, valued at $ 4.1 million at the time of the transaction, were deposited in 20 separate transactions, each worth from 15 to 33 BTC. This is probably the biggest pay day for hackers. When the stolen money first moved in June and August 2019, about 170 BTC and 300 BTC worth about $ 2.3 million and $ 2.7 million at the time, were flowing.

Indian Government reviews Cryptocurrency: Report

Indian Government reviews Cryptocurrency: Report

The Indian government is believed to be reviewing the crypto ban and the Ministry of Finance has initiated inter-ministerial consultations. The move is said to have been prompted by the Supreme Court to break the banking ban imposed by the central bank, the Reserve Bank of India (RBI). India plans for Crypto to be reportedly rekindled Cryptocurrency ban plans in India are reported back on the table. The Economic Times (ET) reported on Friday that India is seeking to introduce a ban on cryptocurrencies, as the government sees the legal framework to be more effective than a circular from the Reserve Bank of India (RBI) on this problem.

Singapore's three-arrow capital buys 6% of Grayscale's $ 3.5 billion Bitcoin fund

Singapore's three-arrow capital buys 6% of Grayscale's $ 3.5 billion Bitcoin fund

Three Arrows Capital Ltd bought a 6.26% stake in the US $ 3.5 billion Grayscale Investment Bitcoin Trust investment. According to a filing filed with the U.S. Securities and Exchange Commission (SEC), the Singapore-based cryptocurrency hedge fund appropriated 21 million shares of the Trust Trust's issued capital. The shares are valued at a total of $ 227 million as of June 11. Each share is trading at $ 10.80 on the free market. In bitcoin terminology (BTC), the shares of the Three Arrows represent about 20,000 BTC out of 365,000 BTC currently held by the Grayscale fund on behalf of investors. It was a sizable acquisition by any investor.

Charles Hoskinson: Recursive SNARK can help scale Bitcoin

Charles Hoskinson: Recursive SNARK can help scale Bitcoin

In an interview with Cointelegraph, Charles Hoskinson said that in his opinion, recursive sharks could be a solution to Bitcoin Bitcoin (BTC) scalability issues. Intellectual dishonesty Hoskinson believes that there is a lot of intellectual dishonesty in the debate about block size, eventually leading to the creation of Bitcoin Cash (BCH). Discussing the main argument of Bitcoin core supporters that an increase in block size will lead to a greater concentration of the network, Hoskinson said: Just an argument. And this is the intellectual dishonesty of that argument. So it's like saying: network, CPU and hard disk capacity will never increase in size. I mean, what is it? Did you create Bitcoin in 2009? What is the average bandwidth of a network connection? What is the average disk storage capacity and CPU manpower? My cell phone today is as powerful as the most powerful gaming computer you can buy in 2009.

Difficult to mine Bitcoin has not done this since 2018

Difficult to mine Bitcoin has not done this since 2018

The difficulty of mining bitcoin has been doing this since 2018, which is $ 3 million in BTC Bitcoin (BTC) looks like it did at the bottom of its 2018 bear market - and one basic thing is to repeat a move that has only happened twice in its history. An analysis of the difficulty of the Bitcoin network after its latest correction on June 4 shows major similarities with when BTC / USD trades as low as $ 3,100. Course difficulties for third history This week, difficulty of adjustment decreased by 9.3%. That followed a downward shift two weeks earlier - -6%. If the next correction is also negative - currently forecast at -7% - this will only be the third time that three negative adjustments have occurred. Except for December 2018, the only other occasion was a record of eight consecutive downward adjustments since 2011. The phenomenon of repetition may also be significant. Difficult to provide an estimate of the benefits of miners and bringing it down encourages participation in Bitcoin transaction validation.

Instead, your Crypto tax may be donated to charity

Instead, your Crypto tax may be donated to charity

Cryptocurrencies have become one of the easiest ways to donate to charity without the funds being transferred to third parties. The cryptocurrency community is extremely knowledgeable about finance and insights. While everyone is calling for cryptocurrency acceptance, and many merchants accept cryptocurrencies as payment, most people want to accumulate more cryptocurrencies, not spending them. The holders think it will be more valuable in the future, so why spend it now? Spending Bitcoin (BTC) at Starbucks for a cup of coffee is a huge pain at the side. While the transaction itself can be relatively painless with the help of a mobile app, the accounting and tax implications can be intimidating if you trade regularly. This is because the US Internal Revenue Service classifies cryptocurrencies as assets, meaning that if it is appreciated, you owe interest on the amount that is appreciated at the time you use it. No one wants to find out their tax liability for a $ 2 cup of coffee.

Former China Central Bank Exec praised Bitcoin's "Commercial Success"

Former China Central Bank Exec praised Bitcoin's "Commercial Success"

The former vice president of the People's Bank of China, or PBoC, Wu Xiaoling, praised what she called Japan's commercial success with Bitcoin (BTC) on June 5. According to China's local store, Sina, Wu said in the book's preface - Talking to top officials about digital currencies - that cryptocurrencies are the most successful commercial application of blockchain so far. The former director of the PBoC, also emphasized that no other blockchain-related projects have achieved the commercial success of the Bitcoin network. However, Wu commented: Bitcoin Bitcoin is the most successful commercial application of blockchain technology. Bitcoin, as a separate currency, has a market base, but it is also limited to the private money sector.

Grayscale is buying more than just Bitcoin

Grayscale is buying more than just Bitcoin

22% of Grayscale Investments cryptocurrency fund managers Buy Ether as Ether throughout 2020 so far, with a cumulative total of $ 110 million. Despite paying close attention to the recent massive accumulation activities of Bitcoin Investment Committee Grayscale, or BIT, the crypto fund manager is also aggressively raising the amount of Ether (ETH). Speaking in a recent episode of the Coincrum market podcast, Grayscale's director of investor relations, Ray Sharif-Askary, revealed that $ 110 million ETH has been purchased by the company since 2020. .

Price analysis 6/6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

Price analysis 6/6: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

Many cryptocurrencies are showing strength by moving near their recent highs even as gold is selling off. US stock markets are in tears as traders cheer on the biggest jobs to date. This report has improved sentiment because it shows that the blip in the economy due to the pandemic is temporary. Many traders who have sat on the sidelines are likely to jump in stocks for fear of missing out on what might be the early stage of a strong rally. The shift to this stock has led to a decline in the price of gold, which is considered a safe haven against market volatility. However, it is important to note that the cryptocurrency market has not been negatively impacted and is holding quite well. This shows that traders are not moving away from cryptocurrencies because they expect the price to rise further. After the excitement in the stock market declines, traders are likely to turn their focus back to the cryptocurrency.

Bitcoin is a way to correct economic injustice: By Isaiah Jackson

Bitcoin is a way to correct economic injustice: By Isaiah Jackson

Last week, Minneapolis police officers killed a 46-year-old black man charged with buying cigarettes on a fake $ 20 bill. Ongoing protests have erupted across the country, condemning police brutality and racism. Part of this conversation - on the streets, on the waves and in people's homes - is the economic inequality that separates black Americans from the rest of the nation. In Minneapolis, for example, the average income of black households is $ 38,200, less than half that of their white counterparts. Like everywhere else, protests are also a divisive issue in the cryptocurrency ecosystem. However, there is a general agreement that there is no easy technological solution to the bigger problems that are plaguing the nation.

The free market will determine Cardano's fate from: IOHK from Charles Hoskinson

The free market will determine Cardano's fate from: IOHK from Charles Hoskinson

A high token price gives an important strength project, believing that IOHK CEO Charles Hoskinson. Price tokens in the company of developers and many will hold their noses. In a lunch interview with the Financial Times in 2018, Ethereum creator Vitalik Buterin said that he felt the price obsession had smothered the waters around the cryptocurrency and created the wrong incentives. . The original ideal programmers, who wanted blockchain to transfer power from corporations and governments to individuals, last year began to be overtaken by those who are quick to get rich. Some ICOs are scams. Buterin was dismayed when his blockchain was flooded by mercenaries, creating a swift push, which shed light on the article.

Overview of the US stock market - Stocks closed lower as Chinese concern increased

Overview of the US stock market - Stocks closed lower as Chinese concern increased

US stocks fell lower than expected economic data, reversing the trend in the S&P 500. President Trump announced that he planned to have a press conference on Friday to discuss issues related to China. That took the wind out of sales of investor sentiment. GDP contracted more than expected, Durable orders fell due to demand for transport equipment collapsed. The initial jobless claims slowed down but it still increased by 2.1 million. Most areas in the S&P 500 are lower, despite a recovery in broader markets. Utilities are defensive, are the best performing areas, according to the trend-following period. US output was almost unchanged on Thursday while oil prices rose after news that oil production continued to decline in the US. This helped buoy energy stocks.

Blockchain Bites: Facebook ED Calibra Facelift and Tencent from ‘Investing in new infrastructure

Blockchain Bites: Facebook ED Calibra Facelift and Tencent from ‘Investing in new infrastructure

We are happy to be back after a long weekend. Come with the news. India's central bank has clarified its cryptocurrency stance, and Tencent is seeking to invest in ED's emerging technologies, including blockchain and its digital wallet subsidiary Facebook, that have announced trade. New brand and new details. You are reading Blockchain Bites, everyday the most important stories in blockchain and cryptocurrency news, and why they matter. You can subscribe to this and all CoinDesk newsletters here.

Polkadot acts as a Web3 platform pushing potential Mainnet

Polkadot acts as a Web3 platform pushing potential Mainnet

Polkadot is currently live after their debut chain candidate (CC1). According to a blog post from Web3 Foundation, the main developer of Polkadot, he announced Tuesday that the genesis block of blockchain-of-blockchains has been mined. The first phase of Polkadot CC1 provides two important things: Requests & endorsements and wagers, Pol Poladadot's co-founder, Gavin Wood wrote in another post. In other words, the first time Polkadot administration parameters were given with limited functionality. Wood hinted at the upcoming soft launch of the interoperability project earlier this month at the Ready Layer One conference.

Focus on Retirement: Crypto Custodian Rolls Out Hybrid IRA Provided

Focus on Retirement: Crypto Custodian Rolls Out Hybrid IRA Provided

Digital asset monitoring firm Kingdom Trust is offering investors a unique retirement account for traditional and digital assets. Called Options, a South Dakota-based supervisor is providing a self-service retirement platform where investors can buy, sell, or hold stocks, exchange-traded funds (ETFs), and Digital assets in a tax-privileged account, said Ryan Radloff, CEO of Kingdom Trust. Currently, less than 1% of the 100,000 retirement accounts that Kingdom Trust provides custody of have any digital assets as part of their portfolio.

The number of Bitcoin on cryptocurrency exchanges reached the lowest level in 18 months

The number of Bitcoin on cryptocurrency exchanges reached the lowest level in 18 months

The total number of bitcoins held in cryptocurrency exchange wallets dropped to an 18-month low to just over 2.3 million on Monday, according to data estimates from Glassnode. The decline marks an annual 11% decrease in the number of bitcoins held by exchanges. Meanwhile, over the same period, the amount of ether in exchange wallets increased by more than 7%. Some market participants see this as a sign that many bitcoin investors are increasingly directly acquiring their cryptocurrencies. Citizens are accumulating positively and market participants seem to have a higher time priority these days, according to Fel Felman, head of trading at Stamford, BlockTower Capital based in Conn. . I think the trend will continue.