Tag: Billion

Crypto Hacks Take $1.7 Billion in 2018—Yikes!

Crypto Hacks Take .7 Billion in 2018—Yikes! Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $ 1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than […]

Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges

Report: Two Hacker Groups Stole Billion From Crypto Exchanges A new report alleges that just two groups of hackers dominate the majority of cybercrime directed against cryptocurrency exchanges. Together, these groups have responsible for stealing about $ 1 billion of cryptocurrency so far. Also Read: Arwen Enables Self-Custody for Traders […]

$15.4 Billion of New Cryptocurrency Value Was Created During 2018

.4 Billion of New Cryptocurrency Value Was Created During 2018 A report recently published by Diar has estimated that nearly $ 15.42 billion of value was added to the market capitalization of the combined cryptocurrency markets in the form of newly created tokens and crypto asset inflation during 2018. Also […]

Cumulative Volume on Huobi Derivative Market Exceeds $20 Billion

Cumulative Volume on Huobi Derivative Market Exceeds Billion Huobi has announced that its cryptocurrency derivative platform, Huobi DM, has surpassed $ 20 billion in cumulative trading volume. The announcement comes just one month after the platform exited beta mode. Also Read: Eastern European P2P Markets See Strongest BTC Volume in Over […]

Bitpay Reports Processing Over $1 Billion Transactions in 2018

Bitpay Reports Processing Over Billion Transactions in 2018 Popular cryptocurrency payment processor Bitpay has released figures showing that the company maintained strong performance during 2018, despite the downturn in the market. For example, while other ventures had to downsize recently, Bitpay’s staff increased by 78 percent from the previous year. […]

Circle’s Cryptocurrency OTC Desk Swapped More Than $24 Billion in 2018

Circle’s Cryptocurrency OTC Desk Swapped More Than Billion in 2018 Finance company Circle claims its over-the-counter (OTC) cryptocurrency trading desk swapped a notional volume of $ 24 billion last year. The Boston-based company’s Circle Trade desk reportedly executed more than 10,000 cryptocurrency settlements between 600 unique counterparties in 2018. Also […]

Coinbase Raises $300 Million, Reaching $8 Billion Valuation

Coinbase Raises 0 Million, Reaching Billion Valuation The San Francisco-based cryptocurrency exchange and brokerage service Coinbase announced on Tuesday that it had raised $ 300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up […]

World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

World’s Biggest Banks Helped Clients Steal Billion in Taxes in Europe Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($ 63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a […]