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CoinDCX raises $2.5 mn in funding round led by Polychain Capital

coindcx raises $2.5 mn in funding round led by polychain capital

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MUMBAI: Cryptocurrency exchange CoinDCX on Tuesday said it has raised $2.5 million (around Rs 18.92 crore) in a funding round led by crypto investment platform Polychain Capital, in its second fundraise since the beginning of the lockdown.
In a statement, the cryptocurrency exchange said the funding – which also had Coinbase Ventures’ participation – reinforces its efforts to push crypto adoption through dedicated campaigns.
Polychain, which had also participated in a $3 million funding round in March, is among the largest cryptocurrency investment firms globally and works to accelerate the global adoption of cryptocurrency, the statement said.
The Supreme Court had in early March allowed trade in the controversial cryptocurrency in India, quashing curbs imposed by the Reserve Bank after a strong rally in the unregulated cryptocurrencies like Bitcoins on exchanges.
Many constituencies have concerns on cryptocurrencies because of their non-fiat character, and the complex or non-transparent way in which its supply is governed, unlike money supply in the regulated way.
The exchange said since February, it has witnessed 10 times growth in sign-ups in one week, 47 per cent growth in trading volumes, 150 per cent growth in daily active users in March alone, and was also the first cryptocurrency exchange in India to integrate …

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Cryptocurrency wallet providers Trezor and Ledger deny reports they were hacked

cryptocurrency wallet providers trezor and ledger deny reports they were hacked

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Cryptocurrency wallet providers Trezor (SatoshiLabs s.r.o.) and Ledger SAS are denying reports that they have been hacked and data stolen from their customers being offered for sale in the dark web.
The hacking claim comes via data breach monitoring and prevention service Under The Breach, which claimed Sunday that data stolen from both companies is being offered by a hacked who obtained the data by an exploit of Shopify Inc. The hacker in question also claims to have stolen data from online investment firm BnkToTheFuture and hardware wallet provider KeepKey, among others.
Although there are cases of individual users of Shopify claiming they have been hacked, Shopify itself has never officially been known to have been hacked.
The allegedly stolen databases are said to include customer information such as names, addresses, phone numbers and email addresses for more than 80,000 users but do not include wallet keys or other information that could provide access to users’ cryptocurrency holdings.
The hacker offering the databases is said to be the same person or group behind a breach of the Ethereum Forum in 2016.
In response to the reports, Trezor said in a statement Sunday on Twitter that “there are rumors spreading that …

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Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges | Bitcoin News

goldman sachs hosting bitcoin call as institutional interest in cryptocurrency surges | bitcoin news

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As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation.Goldman Sachs’ Bitcoin Call for ClientsNew York City-headquartered investment bank Goldman Sachs is hosting a call for clients on May 27 entitled “US Economic Outlook & Implications of Current Policies for Inflation, Gold and Bitcoin.” Goldman Sachs’ Investment Strategy Group, part of the firm’s Consumer and Investment Management Division, has issued a notice inviting clients to the call where they can learn about bitcoin.Sharmin Mossavar-Rahmani, Goldman Sachs’ head of Investment Strategy Group and chief investment officer for Wealth Management, will host the event. She is responsible for the firm’s overall strategic asset allocation and tactical investment strategy. Two other economists will join her for the call. One is Jason Furman, former chairman of the Council of Economic Advisers and professor at Harvard Kennedy School (HKS). The other is Jan Hatzius, Goldman Sachs’ chief economist and head of Global Economics and Markets Research. According to the firm, Hatzius is also a two-time winner of the …

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The Global Cryptocurrency Mining Hardware Market is expected to grow by $ 2.80 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period

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Global Cryptocurrency Mining Hardware Market 2020-2024 The analyst has been monitoring the cryptocurrency mining hardware market and it is poised to grow by $ 2. 80 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period.New York, May 25, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Cryptocurrency Mining Hardware Market 2020-2024” – https://www.reportlinker.com/p05772590/?utm_source=GNW Our reports on cryptocurrency mining hardware market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising popularity of mining pools, increasing number of product launches, and growing demand for cryptocurrency-specific hardware. In addition, rising popularity of mining pools is anticipated to boost the growth of the market as well. The cryptocurrency mining hardware market analysis include product segment and geographic landscapes The cryptocurrency mining hardware market is segmented as below: By Product • ASIC • GPU By Geographic Landscapes • APAC • North America • Europe • South America • MEA This study identifies the increasing popularity of ICOs as one of the …

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Teen dubbed ‘Baby Al Capone’ stole $23.8M from cryptocurrency bigwig: lawsuit

teen dubbed ‘baby al capone’ stole $23.8m from cryptocurrency bigwig: lawsuit

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CoinList co-founder and president Andy Bromberg says more people believe cryptocurrency is a ‘safe haven,’ which is causing the industry to grow in the market. A teenager at the center of a multimillion-dollar cryptocurrency scheme kept his alleged criminal habits under wraps to classmates and even family as they assumed he was just a gamer who hit the jackpot with bitcoin, according to court papers and a New York Post report.Continue Reading BelowEllis Pinsky was 15 when he allegedly began his scheme, through which he has stolen more than $100 million in cryptocurrency as “the ringleader” of what a federal lawsuit calls “a sophisticated cybercrime spree,” court papers show.”I could buy you and all your family… I have 100 million dollars.”- Ellis Pinsky (Lawsuit, page 5 of 27)But the teen’s habits and mysterious wealth apparently never raised alarm bells at his high school or even at home in Westchester County.US BILLIONAIRES GOT $434 BILLION RICHER SINCE CORONAVIRUS PANDEMIC BEGAN”His best friend thought he was making money through trading Bitcoin and stock,” an ­insider told the Post, under the condition of anonymity, later adding: “I think he told his parents that he made Bitcoin online through video games and got …

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View: China’s crypto is all about tracing — and power

view: china’s crypto is all about tracing — and power

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By Andy MukherjeeThe coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout.
An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal tender. If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.
The trials are taking place just as the blame game around the coronavirus deepens mistrust between the U.S. and China. With President Donald Trump warning that Washington would respond if Beijing intervenes against protests and democratic movements in Hong Kong, chances of a detente from last year’s trade war are fading.
Outside the People’s Republic, the big question is if the digital yuan is a challenger to the dollar. Within China, though, there’s a more mundane explanation for why Beijing wants to turn banknotes in circulation into virtual tokens.
Chinese consumers …

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Bitcoin Price Drops to $8,840 — Key Metrics Signal BTC May Correct Further

bitcoin price drops to $8,840 — key metrics signal btc may correct further

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Within the last hour Bitcoin (BTC) price dropped to $8,840. The drop came with less than 8 hours left before the weekly close.A confluence of miners selling more BTC than they mine, Bitcoin recording 6 consecutive lower highs, and the retest of the $8,800 support leaves BTC vulnerable to a severe pullback.Six consecutive lower highs since June 2019As shown on the daily chart, since June 19 Bitcoin has recorded six consecutive lower highs. The price rejected at $14,000, $13,300, $12,300, $10,600, $10,500, and $10,000, making every local top lower than the previous peak.In technical analysis, lower highs indicate that buyers are failing to establish a new bull cycle. Every time a lower peak is reached, it shows the selling pressure in the market is simply too strong to break out of it. Bitcoin records six consecutive lower highs since June 2019. Source: TradingviewA clear rejection of the $9,800 to $9,900 range and the projected third test of the $8,800 support level suggest Bitcoin is not ready to initiate a rally above $10,000 just yet.Triple test of $8,800The price of Bitcoin rebounded at $8,840, testing the $8,800 support area for the second time within four days. Typically, the digital asset tends to break down below a heavy level of support in the third or fourth …

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Cryptocurrency data and infrastructure providers have raised $286M in funding since 2014

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Cryptocurrency data and infrastructure startups have raised over $286M in venture funding from 2014 to 2019.As noted in The Block Research’s State of the Digital Asset Data and Infrastructure report, this funding is spread across 44 venture deals, $47.8mm per year and $6.5mm per deal. 2017 saw a 1,183% increase in venture funding from the prior year. Between 2017 and 2017, the data and infrastructure sector in the cryptocurrency industry saw a 33% compound annual growth rate. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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How ‘Baby Al Capone’ pulled off a $23.8 million crypto heist

how ‘baby al capone’ pulled off a $23.8 million crypto heist

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In January 2018, a team of some half-dozen computer hackers — scattered across Europe and the United States — scammed their way into Michael Terpin’s cryptocurrency account, fleeced it and laundered the funds: some $23.8 million, according to a bombshell lawsuit.
Allegedly at the center of the heist was Westchester teen Ellis Pinsky. According to papers filed May 7 in Manhattan federal court, Pinsky is “an evil mastermind.” The suit asks for $71.4 million.
The wildest part? Ellis was just 15 years old at the time of the theft.
To neighbors and classmates at Irvington HS, he was an ordinary 10th-grader who ran track, played soccer, loved cool sneakers and got good grades. Ellis’ bedroom in the $1.3 million home he shared with his family, including his NYU Langone-physician mother, had three computer monitors for playing his favorite games, Counter-Strike and Call of Duty.
But according to an insider, there was at least one unusual thing about Ellis. As related in the complaint, he once allegedly wrote to an acquaintance, “I could buy you and all your family. I have 100 million dollars.” The complaint also alleges that an accomplice saw, in December 2017, “records indicating that Ellis had $70 million.”
Ellis and friends partying with champagne at Up&Down …

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Satoshi Nakamoto Lowered Cryptocurrency Value Rumor

satoshi nakamoto lowered cryptocurrency value rumor

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Members of the cryptocurrency community noticed activity that they suspected belonged to the founder of Bitcoin, and as a result, the value of the cryptocurrency began to decrease. Cryptocurrency like Bitcoin, allows people to exchange tangible money digitally. The price can fluctuate, and the value of a coin depends on what the exchange rate is at the time. As a result, people can invest in bitcoins and see a profit based on the current exchange rate.
Satoshi Nakamoto is the name commonly used to refer to the founder of the decentralized digital currency, Bitcoin. Typically anonymous, trading occurs at the peer-to-peer level, leading to the suggestion it could make third-party groups, such as banks, obsolete. However, as an effect of the anonymity, the solution has sometimes been used for criminal purposes, including money laundering and ponzi schemes. Despite the anonymity, bitcoin mining exists to prevent anonymous individuals from double-spending the cryptocurrency through the use of blockchain technology where blocks store unique information in a public database.

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Related: Do Crypto And Blockchain Companies Have A Sexism Problem? 
The Whale Alert Twitter account tracks large crypto …

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