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Bitcoin Cash Leads the Charge With 31% Price Increase

Written by:
Guest
Published on:
Jun/03/2018

After a series of dips in quick succession, bitcoin cash (BCH) has rebounded sharply over the past six days. The latest downtrend saw prices bottom near $884, which coincided with the broader market’s recent swing low near $303 billion.

Prices have since recovered more than 31% to $1,161.29, which includes a 7% rally on Sunday.  Read More Here

MORE CRYPTOCURRENCY NEWS

Taiwanese Miner Shot by Gangsters After Failing to Deliver on Returns - The bitcoin miner, identified only as Mr. Wu, was shot by two members of the criminal organization ‘Freshwater Gang’. Though shot seven times, the victim did manage to survive.

The Freshwater Gang has invested approximated $50 million TWD (nearly 1.677 million USD into Mr. Wu’s mining operation, and had been expecting quick returns. Mr. Wu was unable to meet the expected initial payment of $10 million TWD (approximately $340,000 USD).  Read More

Cryptocurrency Hackers Are Stealing from EOS's $4 Billion ICO Using This Sneaky Scam - Scammers have breached an internal system of the company behind the record-setting EOS ICO—and succeeded in tricking the cryptocurrency’s investors out of as much as millions of dollars’ worth of their new money.

But while Block.one has sold almost all of its one billion EOS coins to investors, a significant portion of them—along with the cryptocurrency Ethereum often used to purchase EOS—are ending up in the hands of hackers.  Read More Here

- Aaron Goldstein, Gambling911.com

Business/Financial News

Lithuania Dabbles in Crypto-Coin as Central Banks Look for Ways to Fend off Facebook

Lithuania Dabbles in Crypto-Coin as Central Banks Look for Ways to Fend off Facebook

Lithuania is about to issue the first central bank-produced digital coin in the euro zone, part of a project to trial state-backed digital currencies and blockchain technology in everyday use.

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

'Sophisticated' Hacker Plunders $450,000 From Defi Protocol Balancer

In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens.

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Lobbyist Abramoff Charged in Cryptocurrency Fraud Case

Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday.

New Zealand Seizes $90M From Russian Bitcoin Fraud Suspect

New Zealand Seizes $90M From Russian Bitcoin Fraud Suspect

New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States.

Canadian Crypto Firm Collapsed Due to Ponzi Scheme by Late Founder, Regulator Says

Last year’s collapse of Canadian cryptocurrency trading platform Quadriga CX was due to a Ponzi scheme operated by founder Gerald Cotten, who died suddenly in December 2018, the country’s biggest securities regulator said on Thursday.

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