Claim: Crypto Exchange Lost $500,000 Due to AurumCoin 51% Attack

A little-known cryptocurrency called AurumCoin (AU) has claimed that it was hit by 51 percent attack, and crypto exchange Cryptopia, where the cryptocurrency is listed, lost 15,752.26 AU (approx. $550,000 at the time of writing this article). However, the cryptocurrency has shifted the blame on Cryptopia. On AurumCoin’s website, it has claimed that it is not

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Bancor’s Cross-Chain DEX Between Ethereum and EOS is Now Live

Bancor, a popular decentralized exchange (DEX) protocol on the Ethereum blockchain announced in September that they’d build a bridge to the EOS network. The new platform, called BancorX, is now live. BancorX enables token conversions between 110+ Ethereum and EOS-based assets. Projects launching on the platform include Everipedia, eosBLACK, BetDice, MEET.ONE, KARMA, Prochain, and Chaince.

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EOS Decentralization Questioned Again as Block Producers Freeze 27 Accounts

After just one week of the EOS mainnet going live, the community is questioning its decentralized nature. Early last week, the network’s 21 block producers who verify transactions and validate blocks froze seven EOS accounts allegedly belonging to thieves who had stolen funds by scamming users through phishing scams or other attacks. Thought the first

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Japanese Police Arrest 16 Individuals in Monero Cryptojacking Case: Report

Cryptojacking is the process of installing mining scripts or outright malicious malware onto computers of unsuspecting users to mine cryptocurrencies. The most popular among these is Coinhive, a javascript mining script installed on websites. Hackers have been installing Coinhive on websites with weak security to mine Monero. Since Monero is a privacy coin, it makes

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Gilmore Girls’ Alexis Bledel to Star in Bitcoin Thriller ‘Crypto’

Alexis Bledel, known for her performance in the hit television show Gilmore Girls, has signed on to star in a cryptocurrency money laundering thriller titled Crypto. The film will also start Beau Knapp (Seven Seconds), Kurt Russell (The Hateful Eight), Luke Hemsworth (Westworld), Jeremie Harris (Legion) and Vincent Kartheiser (Mad Men). Directed by John Stalberg Jr., the

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LA Trader ‘Bitcoin Maven’ Faces Jail Time for LocalBitcoins Activity

A Los Angeles trader on LocalBitcoins who goes by the name “Bitcoin Maven” is facing up to 30 months in prison for running an illegal money transmitting business. NBC Los Angeles claims fifty-year-old Theresa Tetley made at least $300,000 a year trading on the platform, with a transaction volume of $6 million to $9.5 Million between

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Declining GPU Sales to Cryptocurrency Miners ‘Healthy’: AMD CEO

GPU manufacturers Nvidia and AMD each enjoyed massive sales over the past year, partially thanks to miners who buy GPUs to mine cryptocurrencies. However, those sales are now declining. The demand for GPUs kept increasing as the value of cryptocurrencies went up throughout 2017. But after the market cap reached an all-time high of $830

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Bitmain Leads $3 Billion Crypto Exchange Circle’s $110 Million Series E Round

Goldman Sachs-backed cryptocurrency exchange Circle now has a new investor to its name, the Chinese crypto mining giant Bitmain. A new investment round led by Bitmain values the exchange at $3 Billion and also includes other notable names like Accel and Blockchain Capital. Along with the new funding round, Circle also announced their plans for

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Ripple Launches Venture Capital Fund ‘Xpring’ to Bootstrap XRP Adoption

San Francisco-based Ripple, the creators of XRP cryptocurrency has announced a new project called “Xpring” (pronounced “spring”) to provide financial backing to companies that develop products and services for XRP, the third-largest cryptocurrency with a market cap of more than $29 billion today. Currently, Ripple is being tested out, or used by multiple banks and

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