Bitcoin 

Crypto Miner Steals $5M Worth of Computing Power Using Identity of Riot Games Founder

The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for crypto mining. A case of stolen identity In a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill, the co-founder of Riot Games,  was the previously anonymous victim of Singaporian national Matthew Ho’s identity theft scheme. Riot Games is most famous as the developer behind the massively successful League of Legends. Ho allegedly used Merrill’s American Express credit card information…

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Blockchain 

Stellar Burns Over 55 Billion Tokens Worth $4.7 Billion USD

The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.  According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient as it moves forward.  Of the over 85 billion tokens that were earmarked for SDF operations, giveaway programs and partnership programs, the SDF burned over 55 billion.  At a current price of $0.085 per token, the…

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Bitcoin 

Roger Ver Says $5 Bitcoin Cash Giveaway Could Be Worth $5,000 Someday

Bitcoin Cash’s Roger Ver took to Facebook to announce that he is giving away Bitcoin Cash (BCH) to further spread the adoption of the fourth-largest cryptocurrency by market capitalization. Bitcoin Cash price to increase by almost 100,000 percent? On Nov. 4, the Bitcoin Cash proponent and former CEO of Bitcoin.com, Roger Ver, said that he will send $5 worth of BCH to all of his Facebook friends, which “could easily become worth $5,000 some day” — an increase of 99,900%. If people are not already part of Ver’s network of…

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Bitcoin 

Are Tax Moves to Puerto Rico Worth It for Crypto Holders?

Some in the crypto community have embraced Puerto Rico, which seems to have done a good job of promoting itself. But is it for you? I can only address the tax issues, not anything else.  To a large extent, the tax issues depend on what kind of income you will generate, whether personal or business, from where you generate it, and when the income — or even the appreciation in assets — occurs. Ideally, you want all income and all gain to come from Puerto Rico, and all the income…

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Blockchain 

Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

Online payments processor Stripe announced that it has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. $250 million to expand its global reach On Sept. 19, Stripe announced in a press release that the company has raised $250 million in additional funding from investors, which include venture capital (VC) firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, the San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the…

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Bitcoin 

Bitcoin Addresses Worth $100,000 or More Hits All-Time-High

The number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 to press time —  has hit an all-time high, multiple data sources reveal. According to BitInfoCharts’ Bitcoin Rich List, as of Sept. 17, there are 157,210 addresses holding between 10 and 1,000,000 BTC.  Earlier this month, Coin Metrics’ State of the Network report had plotted the latest data historically to reveal that these mega-holders are at an all-time high for the network. No. of Bitcoin wallet addresses holding >10 BTC. Source: CoinMetrics, Sept.…

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Bitcoin 

Over 50% of Morgan Creek Founder Anthony Pompliano’s Net Worth Is In BTC

Founder of the capital management firm Morgan Creek Antony Pompliano said on CNBC’s Squawk Box that over half of his net worth is in Bitcoin (BTC). In a video published on Twitter on Aug. 6, channel’s another guest, Canadian businessman and TV personality Kevin O’Leary, called this “a shame”: “That’s crazy. I forbid that, that’s insane, that breaches everything about diversification in investing. […] 50 percent? shame on you! That’s nuts!” In this turn, Pompliano asked how much of O’Leary’s current net worth is in the stock market. O’Leary did…

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Cryptocurrency 

Bitcoin Mining Manufacturer Canaan Files for IPO in US Worth $200 Million

As per a report, Canaan Creative, the major Bitcoin miner manufacturer, is supposed to have confidentially filed for an IPO in the US. As Bitcoin has grown into one of the biggest cryptocurrencies in the world, a range of industries have cropped up that are seeking to provide services that will help create a more robust ecosystem, and most of them are bearing fruit. For instance, new crypto exchanges are cropping up every other day, and it has become an industry in itself. However, not much has yet been talked…

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Bitcoin 

25 Bitcoin Transactions Worth $6 Billion Included in One Block

Several high-value bitcoin (BTC) transactions were included in a single block on June 30. Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30. Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction. Wallet 1 initiating the transaction sent 24,392.93062596 BTC to wallet 2, and 300 BTC to wallet 3. This last address received a total of 5,800 BTC, and was a receiving wallet in all…

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Ethereum 

Bitcoin Worth Over $9,200 as Top Cryptos See Growth

Friday, June 14 — Most of the top 20 cryptocurrencies are reporting moderate growth on the day by press time, as bitcoin (BTC) crossed the $9,200 mark. Market visualization courtesy of Coin360 Bitcoin is currently up over 6% on the day, trading around $9,250 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just over $29 billion. The…

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