Crypto Ethone

  A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker websites, Winning Poker Network (WPN), has been buying millions of dollars worth of bitcoin in recent weeks from OTC desks to meet players’ cashout demand, Bloomberg reported Thursday, citing WPN CEO Phil Nagy. Nagy explained that bitcoin is in so much demand that brokers are charging up to a 1.5% premium. He clarified that WPN does not hold onto bitcoin, adding that the cryptocurrency is converted into fiat currency as soon as possible. He revealed that his platform does more than 60% of its transaction volume in bitcoin, totaling about $100 million a month. Noting t...

  San Francisco, Nov 22 (IANS):  Fraudsters have used employees at Internet names and registrations management major GoDaddy to attack multiple cryptocurrency services over the past one week, said a report. While GoDaddy acknowledged that "limited" number of GoDaddy employees fell for a social engineering scam, the company did not reveal how the employees were tricked by the fraudsters to make the unauthorised changes required for the attacks, KrebsOnSecurity reported on Saturday. The attacks led to modifications of "a small number" of customer domain names, according to GoDaddy spokesperson Dan Race who said that the incident was still under investigation, the report noted. The use of GoDaddy employees in the attacks came to light after cryptocurrency trading platform liquid.com last week reported a security incident that occurred on November 13. "A domain hosting provider 'GoDaddy' that manages one of our core domain names incorrectly transferred con...

  The monster raise might be an indication that Pantera’s ambitions are inflating in lock-step with Bitcoin’s rising price. In a filing with the SEC yesterday, Bitcoin hedge fund giant Pantera Capital announced an equity offering of up to $134 million — among the largest capital fundraising efforts in the seven year history of the firm.  Formed in 2013 as the first-ever Bitcoin fund in the United States, Pantera initially raised a comparatively measly $13 million, and later $25 million, according to reporting from Cointelegraph. But in 2018, the fund directed its efforts towards a larger raise that would result in the formation of a third investment fund, dubbed Venture Fund III.  This new fund attracted $164 million from 2018-2020 , with the bulk of the capital inflows bookending crypto’s dreadful 2019 year. Now, as crypto seems poised to enter yet another raging bull market, the SEC filing indicates that Pantera has big plans ahead.  While there has...

  American retired rapper, record producer and streamer Sir Robert Bryson Hall II, aka Logic, said he bought USD 6m worth of bitcoin (BTC)  last month.  The artist subsequently changed his Twitter account name to Bobby Bitcoin in a reference to his crypto investment, but also one of the rapper’s aliases, Bobby Tarantino, which is also the name of his fifth mixtape. As reported, earlier in November, Logic said to his 2.4m followers on Twitter that his manager and founder of  Visionary Music Group , Chris Zarou, finally convinced him to buy BTC . At pixel time (11:11 UTC), BTC trades at USD 18,321 and is up by 3.5% in a day and 13% in a week. The price rallied by 49% in a month and 128% in a year. Between November 6, when Logic admitted to following his manager’s investment advice, and today, BTC went from below USD 16,000 to above USD 18,000 today. Source: cryptonews.com

  Student records are now moving onto blockchain networks, at least in Vietnam. According to TomoChain’s official  announcement , the Vietnam Ministry of Education and Training (MOET) has announced its partnership with TomoChain, a smart contact platform based in Singapore, to store the certificates and academic records of its tertiary education students under a newly-coined National Qualifications Archive (NQA) program. This is a milestone for Vietnam, of which crypto and blockchain industries are still nascent as compared to its counterparts in the region.  The National Qualifications Archive program is the first large-scale nationwide implementation of blockchain technology by the public sector in Vietnam.  The records will be stored and viewable on TomoChain’s blockchain, which can process up to 3,000 transactions per second at a low cost of less than $1 USD. “Diploma and certificate management is an issue that needs to be resolved by technology, which is signif...

  Dubai’s IBC Group, has announced an investment of $10 million - or a stake of around 20,000 Ether - in the upcoming launch of Ethereum 2.0.    The investment is to be made in partnership with Canada based CanETH, an institutional-grade staking service for holders of Ether, which facilitates users participating in Ethereum 2.0.   “We are very excited by the ‘Proof of Stake’ concept proposed for the Ethereum 2.0 smart contracts and are locking up 20,000 eth which is a one way trip till phase 2, this lockup shows our confidence in ETH2 and dedication to the beacon chain,” says Khurram Shroff, Dubai-based entrepreneur and Chairman of IBC.    “The greener and more efficient version being introduced in the second iteration addresses the unsustainably high energy consumption required by the ‘proof of work’ model, making it even more attractive.”   Ethereum founder Vitalik Buterin has announced December 1, 2020 as the date for the "Genesis" launch, which wi...

  PrimeBit had recently experienced an increase in trading volume thanks to the current cryptocurrency bull market. According to sources PrimeBit – a P2P crypto contract trading platform competing directly with BitMEX, Kraken, Deribit, and others – is in the final stages of negotiating a deal with a fintech company operating in the cryptocurrency markets.  The name of the investor is to be revealed when the deal is finalized .  How much is PrimeBit worth?  The market leaders BitMEX and Kraken are valued at from $2 billion to $4 billion each.  Although PrimeBit is a younger product it has already grown to 40k registered traders. The users can exchange simple linear contracts on bitcoin, ethereum, and litecoin, trading with BTC or USDT accounts.  An innovative auto-deleveraging system and liquidity solutions allow the platform to offer the market-leading 1:200 maximum leverage on all trading pairs. The majority of traders use PrimeBit WebTrader, while native...