Thursday, May 19, 2022

cryptocurrency

Hackers steal over US$600 million in major crypto heist

The haul was valued at US$545 million when it was stolen on March 23, but was worth about US$615 million based on prices Tuesday, making it one of largest thefts ever in the crypto world.

US seizes US$3.6 billion of stolen bitcoin in record haul

A couple allegedly sought to launder the proceeds of 119,754 bitcoin – then valued at US$65 million – that were stolen during a 2016 hack of the virtual currency exchange Bitfinex.

Bitcoin tumbles to six-month low as Ukraine conflict fears shake markets

The largest cryptocurrency trading down 7.4% at US$33,650, its lowest since July 24, taking losses from its all-time high of US$69,000 hit in November past 50%.

North Korean hackers stole US$400 million in cryptocurrency in 2021, says report

A UN panel of experts that monitors sanctions on North Korea has accused Pyongyang of using stolen funds to support its nuclear and ballistic missile programs to circumvent sanctions.

Bitcoin faces uncertain 2022 after record year

Having more than trebled in value to US$60,000 between December 2020 and April, bitcoin has lost some shine to trade at under US$50,000 heading into the new year.

Top Islamic finance expert disagrees with fatwa on cryptocurrency

This comes after an influential Indonesian ulama body declared the lucrative digital currency trade as haram.

Vietnam police smash US$3.8 billion cryptocurrency ring

The gambling ring is reportedly the biggest ever uncovered by Vietnamese police.

Indonesia Muslim body forbids cryptocurrency trading

The country's powerful Ulama Council issues a fatwa, or religious edict, as virtual currency trading soars in Indonesia and elsewhere.

Mastercard expands cryptocurrency services with wallets, loyalty rewards

Mastercard says its partners can also allow customers earn and spend rewards in cryptocurrency instead of loyalty points.

In world first, bitcoin becomes legal tender in El Salvador

Bitcoin can be bought and spent using a cyber wallet app called Chivo, while cash can be drawn, in dollars, from some 200 bitcoin ATMs hastily erected countrywide.

Facebook could launch digital wallet this year, report says

Facebook's crypto unit head says company leaders 'feel pretty committed' to launch the digital wallet called Novi this year.

PayPal to let UK users buy, hold and sell cryptocurrency

UK-based customers will be able to choose from four types of cryptocurrency: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

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