Bitcoin

Square Crypto Taps Matt Corallo to Accelerate Bitcoin Development

Square Crypto just contracted one of the globe’s most prolific bitcoin developers.

Square’s Second Quarter Revenue Almost Doubles from Previous Records

Payments firm Square detailed its second-quarter profit, revealing $125 million in bitcoin sales through its Cash App.

Indian Police Arrest Kidnappers Who Held Two Traders for 80 BTC Ransom

The kidnappers asked for a ransom of 80 bitcoin to be paid in exchange for the release of the two traders before kidnapping the third victim.

DOJ Says Bitcoin Escrow Company Swindled Investors for $7 Million

U.S. prosecutors have charged the leader of a bitcoin escrow firm with swindling investors for $7 million.

Norwegian Air to Enable Bitcoin Payments Through Exchange Set Up by Founder

Norwegian business tycoon Bjørn Kjos and his family have allegedly set up a cryptocurrency exchange and arrange to launch bitcoin payments at their airline, Norwegian Air Shuttle. 

New Jersey Man Charged with Running an Unlicensed Bitcoin Exchange

The charge has a maximum penalty of five years in prison and a fine amounting to $250,000.

Newegg Provides Bitcoin Payment Options to Additional 73 Countries

Newegg has announced that it will be offering bitcoin payment options to consumers in 73 countries.

UK Thieves Break Into Bitcoin Embassy, Get Nothing

According to a video posted on Facebook, the bold late-evening attack obtained what appeared like receipt tapes from a bitcoin ATM.

Bitcoin Ransomware that Attacked over 100 US Enterprises Spreads to China

The malicious code, called Ryuk, goes after “logistics companies, technology companies and small municipalities” with high data value.

Chinese Police Bust Mining Operation Following Surge in Electricity Usage

Eastern China police busted a bitcoin mining operation after an unusual increase in local electricity usage.

Protesters Burn Down Bitcoin Wallets Scam Operator’s House

At the height of its popularity, the company managed to rake in an average of over R2 million ($141,000) in cash deposits every day.

KuCoin Launches New Bitcoin Derivatives Trading Platform

Its initial offer is a bitcoin perpetual contract (XBTUSDM), which is quoted in dollars and with up to 20x leverage.

Fortress to Purchase Mt Gox Creditor Claims for $900 Per Bitcoin

The creditors of Mt Gox can now receive pennies on the dollar by offering their claims to Fortress Investment Group.

Electrum Wallet Announces Upcoming Lightning Network Support

The wallet service’s founder, Thomas Voegtlin, said that Electrum’s lightning network implementation is now close to an official release.

US Dementia Charity Accepts Crypto Donations

The charity listed the following as accepted cryptocurrencies for general fund donations: bitcoin (BTC), bitcoin cash (BCH), ether, (ETH), litecoin (LTC), and Coinbase’s USD Coin stablecoin.
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