Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

Bitcoin Price Crashes to $6,400 Triggered by Massive $35 Million Sell Order

TweetShareBy CCN: On May 17, within minutes, the bitcoin price plummeted from around $7,800 to $6,400 in a flash crash, recording an unexpected 18 percent drop.The bitcoin price briefly plunges to $6,400, recovers swiftly (source: coinmarketcap.com)The sudden decline in the bitcoin price led the valuation of the crypto market to plunge from $257 billion to…

Tech-Averse Warren Buffett’s Company Wolfs $900 Million in AMZN Stock

Tech-Averse Warren Buffett’s Company Wolfs $900 Million in AMZN Stock

TweetShareBy CCN: By the end of Wednesday’s trading, Warren Buffett’s company Berkshire Hathaway had a stake in Amazon’s stock worth $904 million, an SEC disclosure reveals.To get a sense of scale for how big Amazon.com is, the $900 million stake in Amazon’s stock only puts Berkshire Hathaway in control of 0.1% of the e-commerce giant’s retail…

RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hack

RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hack

TweetShareBy CCN: It may not have sounded the death knell immediately but the January hacking of New Zealand-based cryptocurrency exchange Cryptopia changed everything forever.Now the crypto exchange which lost NZD$ 23 million (approximately $15 million) in the security breach five months ago has appointed liquidators.Cryptopia Limited appoints Grant Thornton as Liquidators – https://t.co/A35rq1Jls3— Cryptopia Exchange…

Boom! Crypto Hack Victim Wins Bombshell $75 Million Case

Boom! Crypto Hack Victim Wins Bombshell $75 Million Case

TweetShareBy CCN: Crypto investor and entrepreneur Michael Terpin was awarded $75.8 million in California’s Supreme Court in a civil judgment against a man Terpin claims stole cryptocurrency assets from him. But Terpin has only just begun. The entrepreneur is also pursuing damages from AT&T and other members of the 21-year-old defendant’s gang.Crypto Crusader Unmasks Gang…

Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss

Uber IPO Smacks Saudi Wealth Fund with $200 Million Loss

TweetShareBy CCN: The Saudi Arabian Public Investment Fund (PIF) was one of the first believers in Uber, ponying up billions of dollars to invest in it back in 2018.Now that the ride-sharing company has finally gone public, the fund stands to be one of the biggest losers. The fund bought in at $48.77 a share,…

Binance CEO Reveals New Details of ‘Damaging’ $44 Million Bitcoin Hack

Binance CEO Reveals New Details of ‘Damaging’ $44 Million Bitcoin Hack

TweetShareBy CCN: On May 10, Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, released a security incident update regarding the firm’s loss of 7,000 bitcoin.Following the high-profile security breach of the exchange during which sophisticated tools and methods were used to steal $44 million from Binance, the firm swiftly revamped its security…

Tim Draper-Backed Email Paywall BitBounce Attracts 4 Million Users

Tim Draper-Backed Email Paywall BitBounce Attracts 4 Million Users

TweetShareBy CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on crypto mainstream adoption given its immediate real-world use case. He…

Australian Crypto Scams Jump 190%, Still a Fraction of $500 Million Fiat Bust

Australian Crypto Scams Jump 190%, Still a Fraction of $500 Million Fiat Bust

TweetShareBy CCN.com: While 2018 was a tough year for cryptocurrency enthusiasts with the persistent bearish market conditions, it was a bumper period for scammers in Australia.According to the Australian Competition and Consumer Commission (ACCC), the use of cryptocurrencies in scams surged by 190 percent year-on-year. In 2018 the number of cases where scammers were paid…