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Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still Fuming

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Embattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchange’s bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole.   Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite … Read more

Bitgrail to Refund Hack Victims with Newly Created BGS Tokens

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Bitgrail has denied responsibility for the recent hack that saw the theft of 17 million XRB, or Nano, in comments made in a Telegram group for victims of the hack. Despite rejecting responsibility for the incident, the exchange states that it will “voluntarily” refund users through the creation and issuance of BGS tokens. Also Read:Three … Read more

Three Cryptocurrencies Whose 2017 Gains Beat XRP

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When media outlets report on the massive gains seen by cryptocurrencies in the monumental year of 2017, they often reference Ripple (XRP) as the biggest winner, which gained 36,000% in value from start to end. While Ripple did see the greatest price increase throughout the year among large and well-known coins, there are a number of other coins which far … Read more

Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year

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Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are … Read more

Cryptocurrency Exchange Bitgrail Suspends Operations After ‘Losing’ $170 Million of Nano

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Bitgrail, an exchange whose primary purpose was to facilitate the trading of nano, has folded after ‘losing’ 17 million XRB, valued at around $170 million. The Italian exchange had been offline for weeks, and its customers feared the worst. Today, its operator “Francesco The Bomber” confirmed the bad news, which gained short shrift from the … Read more

Five Trading Strategies to Build BTC Wealth During Altcoin Downtrends

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During a remarkable year for Bitcoin, and especially the past six months, many altcoins have seen an ever-dwindling BTC price. In response, many traders have shifted their focus to prioritizing dollar profits rather than Bitcoin. While it is much easier to be USD-profitable while Bitcoin surges, there are still a number of strategies traders employ to continue … Read more