Tag Archives: Million

Sq.’s Money App Bitcoin Income Surges 600% to $875 Million in Q2, Revenue Up 711%

Sq. Inc. has reported a big bitcoin income improve within the second quarter. Its Money App generated $875 million in income, a 600% improve from the earlier 12 months. As well as, Sq.’s bitcoin gross revenue jumped 711%. Sq. Money App’s Bitcoin Income Sq. launched its efficiency report for Q2 2020 on Tuesday. The corporate’s… Read More »

Peer-to-Peer Bitcoin Buying and selling Tops $95 Million as Sub-Saharan Africa Information Set All Time Excessive

Weekly peer-to-peer bitcoin buying and selling volumes topped $95 million globally with a number of nations recording new all-time highs for the 12 months. The report buying and selling volumes coincided with probably the most bullish week for cryptocurrencies with bitcoin (BTC) briefly buying and selling above $12,000. As data from Usefultulips exhibits, peer to… Read More »

Darkish internet medication distributors charged with trafficking $270 million in Bitcoin

An American darkish internet vendor and a Costa Rican pharmacist have been charged with trafficking unlawful medication value round $270 million in Bitcoin. The duo was indicted by a federal grand jury within the District of Columbia on Tuesday, in response to a report by the US Division of Justice. The report emphasised the efforts that… Read More »

Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Commerce

A federal grand jury within the District of Columbia has charged two Costa Rican residents for illegally promoting opioids on the darknet.  Initially from the USA, David Brian Pate is a darknet vendor who together with Costa Rican pharmacist Jose Luis Hou offered medicine value 23,903 Bitcoin (BTC) — roughly $270 million — to darknet… Read More »

Sq. says Money App generated $875 million in bitcoin income throughout Q2, posting $17 million in gross revenue

Sq. stated Tuesday that it made $875 million in bitcoin income by way of its Money App service in the course of the second quarter of 2020.  The discharge — which got here a day early stemming from what Sq. called an “early exterior entry of the corporate’s quarterly financials” — additionally notes that Money… Read More »

U.S. seizes $6.5 million in bitcoin and tether from ‘Banana Fund’ Ponzi scheme

The U.S. Division of Justice has seized crypto funds totaling about $6.5 million from the administrator of an alleged Ponzi scheme referred to as the “Banana Fund.” The DOJ filed a complaint for the forfeiture of the funds final Wednesday. The administrator of the Banana Fund is an unnamed international nationwide, based on the criticism.… Read More »

Accused Twitter Hack Mastermind Owns $three Million in Bitcoin

The 17-year-old accused of orchestrating the Twitter hack earlier this month that hijacked the accounts of the world’s wealthy and highly effective is a Bitcoin multimillionaire, in response to his lawyer. A decide set Graham Clark’s bail at $725,000 Saturday as he awaits trial on 30 legal counts for the July 15 incursion. {The teenager}… Read More »

Massive Journey Agency CWT Pays $4.5 Million Bitcoin Ransom to Hackers

CWT, one of many greatest journey firms within the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the agency’s laptop system, stealing delicate company information. It’s unclear whether or not buyer info was additionally compromised. Reuters reported that the bitcoin pockets owned by the cyber thieves acquired 414 BTC on July… Read More »

Almost $100 Million in Bitcoin Moved to Ethereum in July, Led by Retail Merchants

Ethereum is still the most well-liked off-chain vacation spot for bitcoins as its provide of tokenized bitcoin (BTC) grew greater than 70% in July. Greater than 20,000 BTC — value roughly $225 million — are actually tokenized and utilized in Ethereum-based protocols. Wrapped Bitcoin (WBTC) represents over 76% of the whole tokenized bitcoin provide with… Read More »

Bakkt Futures Quantity Hits $122 million, as Bitcoin Reached New 11-Month Excessive

Volumes on bitcoin futures provided by Bakkt set a document excessive on July 27, with 11,500 contracts traded on the institutional alternate. Altogether, the contracts are price about $126 million, on the time of writing. Every contract is equal to at least one bitcoin (BTC). Whole open curiosity – an indicator of the full variety… Read More »