By Alun John and Tom Westbrook HONG KONG (Reuters) – Poly Network, the cryptocurrency platform which lost $610 million in a hack earlier this week, confirmed on Friday it had offered the hacker or hackers a $500,000 “bug bounty”. In a statement it thanked the hacker – who it dubbed a “white hat”, sector jargon…
As the global cryptocurrency market hit $2 trillion for the first time in nearly three months, the industry players on Friday said the surge in the market cap indicates a wider acceptance of crypto assets across the globe, including in India. Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin)…
California Governor Gavin Newsom signed Senate Bill 908, including the California Debt Collection Licensing Act, into law on September 25. Persons who engage in debt collection in California with California residents will be required to be licensed by January 1, 2021, under the Act. The Act, in particular, covers businesses that collect debt on their…
By Gertrude Chavez-Dreyfuss and Michelle Price WASHINGTON (Reuters) -Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing more than $600 million in digital coins from token-swapping platform Poly Network, only to return $342 million worth of tokens less than 48 hours later, the company said. Here is what we know so far about…
By Simon Evans MIAMI (Reuters) – Soccer star Lionel Messi’s financial package in his move to French club Paris St Germain includes a payment in crypto currency fan tokens, a source close to the matter told Reuters on Thursday. Argentine Messi left Spanish side Barcelona and signed a two-year contract with Paris St Germain (PSG),…
Cryptocurrency exchange WazirX said it has seen a staggering 2,648 per cent growth in user sign ups from tier-II and tier-III cities in India. The exchange has over 7.3 million users, and has clocked over $21.8 billion in trading volume in 2021 till date. Tier-II and tier-III cities have driven almost 55 per cent of…
By Tom Wilson LONDON (Reuters) – Hackers behind one of the biggest ever digital coin heists have now returned over half of the $610 million-plus they stole, the cryptocurrency platform targeted by the hack said on Thursday. Poly Network, a platform that facilitates peer-to-peer transactions, said on Twitter https://twitter.com/PolyNetwork2/status/1425733950614360064 that, as of 0818 GMT, hackers…
By Tom Wilson, Tom Westbrook and Alun John LONDON/SINGAPORE/HONG KONG (Reuters) -Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of about $600 million in digital coins they stole, blockchain researchers said on Wednesday. Poly Network, a decentralised finance platform that facilitates peer-to-peer transactions, announced the hack on Twitter…
With the ever fluctuating-economy, many are seeking alternative ways of preserving wealth. As a result of this, many have come to realize just as men of ancient times did that gold is one of the best ways of preserving wealth. In these times, the price of this precious metal equally rises and falls in relation…
The government on Tuesday said it will take all measures to eliminate the use crypto-assets in funding illegitimate activities or as part of the payment system. In a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also said the government will explore the use of block chain technology proactively for…
