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Bitcoin Gambling News March 12, 2020: Massive Dump Sees 2020 Gains Wiped Out

Written by:
Aaron Goldstein
Published on:
Mar/12/2020

Below you will find all the latest news pertaining to Bitcoin and the world of online gambling for Thursday March 12, 2020. 

Crypto Carnage Wipes Out 2020 Gains For Bitcoin, Ethereum, Ripple’s XRP, Litecoin, And Bitcoin Cash

Bitcoin and other cryptocurrencies have seen billions of dollars of their value wiped out in a matter of minutes during the early morning hours Thursday.

From Forbes.com:

The bitcoin price ditched around 30% over the last 24-hour trading period to lows of $5,721 per bitcoin on the Luxembourg-based Bitstamp exchange, from just under $8,000 yesterday, before slightly recovering to trade around $6,000.

Bitcoin's drawn out crash has been put down to global market turmoil sparked by oil cartel Opec's failure to agree to a supply cut last weekend, sending the oil price to historic lows, but some think bitcoin's move lower could have its origins elsewhere.

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March 11, 2020

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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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