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Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP

An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported.

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Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BT…

The prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high, according to data analytics firm Skew.

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Bitmain Delays Delivery of Bitcoin Miners as Co-Founders Battle for…

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies.

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Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Ton…

The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits.

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Bitfinex Scoffs at Tether Market Manipulation Lawsuit: Bittrex and…

Bitfinex says the second attempt by plaintiffs to frame the bitcoin manipulation complaint will fail just like the first attempt.

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German Authorities Confiscate $30 Million in Bitcoin From Pirate Mo…

German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized.

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Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryp…

Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels.

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$5.6 Million Double Spent: ETC Team Finally Acknowledges the 51% At…

The Ethereum Classic (ETC) blockchain network lost $5.6 million to one miner following a 51% attack initially thought to be a chain split.

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South African Bitcoin Investment Company Faces Fresh Scam Allegations

FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam.

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Sa…

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province.

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% La…

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights.

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Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Co…

Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s).

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Single Miner Reorgs Ethereum Classic - Devs Report a Chain Split

Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today.

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Indian Government Confirms Crypto Bill Is 'Awaiting Approval'

The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries.

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