Hacker Steals $1 Million Using Just a Phone Number

In a method known as “SIM swapping,” 21-year-old hacker Nicholas Truglia stole $1 million from a San Francisco executive and hacked the phones of a number of other Silicon Valley and blockchain executives. A felony complaint filed this month in California’s state court reveals details of the ongoing case against Nicholas Truglia. Truglia has been charged […]

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After Coinbase, PayPal Bans Social Media Platform Gab ‘Just Because’

Gab.ai, the social messaging platform born in 2016 as an answer to the “Big Social Monopoly” of extant social media giants, has lost access to its PayPal account. PayPal: Gab Should ‘Find Alternative’ Gab, which in June saw itself unexpectedly banned from US cryptocurrency exchange and wallet provider Coinbase, did not receive an explanation from […]

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Tether Intentionally Obliterates 500 Million USDT

Yesterday Tether quietly took 500 million USDT out of circulation, then promptly destroyed them. Tether Supply Shrinks By $500 USDT Yesterday the stablecoin saga took a new twist as Tether Limited, the company responsible for minting and distributing the USD-pegged ‘stablecoin’ Tether (USDT) 00, removed 500 million USDT from circulation and destroyed them. Blockchain data […]

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House of Cards? Trade Volume of Big Exchanges Questioned

Amid market turbulence and general cryptocurrency uncertainty, some speculate fast-growing exchanges may be manipulating — or outright lying about — their trade volumes. Questions about inflated exchange volume have long plagued the cryptocurrency world. Outcry is now intensifying as once-unknown exchanges are enjoying seemingly smashing success in the midst of market slowdowns and uncertainty. Reporters from […]

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Lamassu Unveils New Line of Bitcoin, Cryptocurrency ATMs

On September 24th, Lamassu announced the introduction of their new line of cryptocurrency ATMs to the public. Lamassu calls its new line of ATMs, “Sintra.” The ATMs herald a new line of ATMs as another crucial step in crypto’s march towards widespread consumer use and accessibility.  Growing Industry According to CoinATMrader.com, there are currently roughly […]

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KYC-Friendly Companies Establish ‘Blockchain Association’ Lobbying Group in DC

High-profile cryptocurrency companies and tech veterans are joining forces to form the Blockchain Association — the very first DC-based lobbying group. Fully-Fledged Lobbying Group Prominent cryptocurrency companies such as Coinbase, Circle, Protocol Labs, as well as investors in the field like Digital Currency Group, Polychain Capital, and others, are among the founding members of Blockchain […]

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No More Coinbase and BitPay: Process Your Own Bitcoin Payments for $6 a Month

Merchants can now use a Bitcoin full node to process their own payments via the BTCPay server for under $6 a month — with or without Lightning Network functionality.  Removing Microsoft Azure Reliance A guide to the solution from creator and Bitcoin developer Nicolas Dorier published August 18 explains how merchants who want to accept […]

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‘We Don’t Want to Compete with Coinbase’ – Says Binance CEO

Changpeng “CZ” Zhao, shared some of his big ideas on the future of blockchain and cryptocurrency with Fortune magazine this week. And it’s probably worth listening to the man running the biggest crypto-exchange in the world. The future is not now, but is decentralised Binance acquired Trust Wallet this week, and here at Bitcoinist, we focussed on […]

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Coinbase Now Supports Buying Bitcoin With British Pounds

Cryptocurrency exchange service giant Coinbase has launched pound sterling (GBP) support for U.K. customers across its platforms. GBP Deposits/Withdrawals on Coinbase The San Francisco-based exchange announced the launch today (August 2, 2018), via a post on its blog. According to the statement, GBP deposits and withdrawals will be supported on Coinbase, Coinbase Pro, and Coinbase Prime. […]

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Coinbase Responds to Criticism: Set to Open New Portland Office with Focus on Customer Service

Following a barrage of heavy criticism for being widely underprepared in terms of customer service, Coinbase is set to open a new office in Portland that will be focused largely on customer support, compliance, finance, IT, and HR. Failing Customer Support Coinbase, the largest cryptocurrency exchange in the US, has been the object of heavy […]

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