Tags : 36M


Cryptocurrency

Jack Dorsey’s Block Reviews $36M Impairment Loss on Bitcoin Holdings

Block Inc., the digital funds firm co-founded by Jack Dorsey, reported a $36 million Bitcoin impairment loss within the second quarter, one thing the corporate attributed to “broader uncertainty round crypto belongings.” In a shareholder letter on Thursday, Block stated its Money App—a web-based funds service that permits cryptocurrency purchases—generated $1.79 billion of Bitcoin income […]Read More

Regulation

Crypto IRA Firm Sues Gemini Over $36M Theft of Bitcoin,

Briefly IRA Monetary Belief misplaced $36 million in crypto in a February hack. The corporate makes use of New York-based crypto alternate Gemini to carry its digital property. It alleges that Gemini “didn’t have correct safeguards in place to guard buyer crypto property”—and desires to sue the alternate. IRA Monetary Belief, an organization which manages […]Read More

Cryptocurrency

Gemini Shopper IRA Monetary Hacked for $36M in Bitcoin and

Hackers stole $21 million in Bitcoin and $15 million in Ethereum from retirement accounts held with IRA Monetary Belief on February 8, in line with a report from Bloomberg primarily based on an nameless supply. The FinTech startup, which manages particular person retirement accounts in non-traditional belongings, has been coping with allegations of a significant […]Read More

Cryptocurrency

Canadian Police Make Arrest in $36M Crypto Heist

A Hamilton, Ontario youth has been arrested for being concerned in a a lot bigger cryptocurrency theft value $46 million CAD ($36 million USD).  The person was particularly arrested for the theft of over $5,000 CAD, in addition to possession of property or proceeds of property obtained by legal exercise.  The $36 million case, which […]Read More