Blockchain 

Hacker Returns Ethereum Domains Obtained in Auction Bug

The hacker who stole 17 Ethereum domain names during the Ethereum Name Service’s (ENS) auction decided to return them all. The promise of hefty compensation On Oct. 4, digital-collectibles marketplace OpenSea said that all of the stolen ENS names were returned successfully and that bidding on domain names will restart again in the coming weeks.  In the beginning of September, the ENS bidding process was exploited by a hacker who managed to steal 17 domain names for lower bids than other users placed. OpenSea, who ran the auction, explained that…

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Bitcoin 

Nigerian Crypto Educator Returns $80K in Bitcoin Received by Mistake

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet. Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12: “I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..  thank you. Kindly…

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Blockchain 

Canada Revenue Agency Audits QuadrigaCX’s Corporate Tax Returns

The Canada Revenue Agency (CRA), the country’s tax authority, is auditing the corporate tax returns filed by QuadrigaCX, the now-defunct Canadian cryptocurrency exchange.  CRA’s request for documents and information is significant According to an article by the Globe and Mail on Sept. 16, QuadrigaCX is now being audited by the CRA which has requested the tax returns from Oct. 1, 2015, to Sept. 30, 2018. The Canadian exchange has been generating headlines ever since its CEO, Gerald Cotten, was declared dead in India without ever revealing the passwords to access…

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Bitcoin 

Bitcoin Returns Have Dwarfed Every Tech IPO Since 2010, New Data Shows

Bitcoin’s performance has outstripped mainstream investments in internet firms since 2010 by an almost unthinkable factor.  Twitter user Crypto Godfather, CEO of blockchain-focused magazine Block Journal, shared data to corroborate this point on Aug. 27. Bitcoin price has exploded from a few cents to thousands of dollars  The earliest price data for Bitcoin dates back to March 2010, when the industry’s first (and now-defunct) Bitcoin exchange BitcoinMarket.com started its operations.  The coin’s value was just $0.003 — meaning that today’s price point of just over $10,100 represents an astonishing 338,433,233%…

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Bitcoin 

Litecoin ‘Excellent’ in Adoption and Investment Returns

American provider of investment data Weiss Ratings has ranked Litecoin (LTC) as “excellent” in regards to investment rewards and adoption Digital currency ratings unit Weiss Crypto Ratings has classified the fourth largest cryptocurrency in terms of market capitalization LTC as “excellent” when it comes to investment rewards and adoption. At the same time, the agency ranked the altcoin’s investment risk factor as “fair,” which resulted in the B- rate in the risk to reward ratio. Litecoin — a cryptocurrency and an open-source project released in 2011 with the idea to…

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Blockchain 

Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3. Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights of the company. As Cointelegraph previously reported, Setl filed for insolvency on March 7 with U.K. authorities. Per the March announcement, the company also appointed business advisory firm Quantuma as their independent administrator. The announcement also pointed out that the company was “seeking to place…

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Cryptocurrency 

Cryptocurrency Witnesses Better Returns than Equities This year

Good days may be ahead for cryptocurrencies. The sentiment of digital assets is improving slowly after witnessing a bear trend in 2018. The total cryptocurrency market cap has increased considerably by over $50 billion USD since the beginning of 2019. Many digital assets are outperforming the market when compared to the largest indices worldwide. CCI30 Increases by 40% Since the beginning of this year, the CCI30 (Cryptocurrency Index 30) has gained as much as 40%, reversing the initial downtrend. Cryptocurrencies like Bitcoin (BTC), which witnessed a drop in the middle of…

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Ethereum 

Ethereum ‘Will Quickly Test $200’ When ICO Market Returns

Initial coin offerings (ICO) will return within “18 months” and Ethereum (ETH) will “rebound aggressively,” BitMEX CEO Arthur Hayes told Cointelegraph Japan Dec. 26. BitMEX is a Hong Kong-based cryptocurrency trading platform that has become one of the largest trading platforms in the world by volume. Speaking in an exclusive interview, Hayes forecast a return to form for 2018’s “dead” ICO markets. “The use case for Ether is primarily ICOs. That market is dead right now,” he said, adding: “Once there are new issues, then Ether will rebound aggressively. When…

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