Qiwi Employee Used Company Machines To Mine 500,000 Bitcoin And Lost It All
The CEO and majority shareholder of Qiwi- a Russian e-payment firm, Sergey Solonin, revealed that a company employee had mined 500,000 bitcoins in 2011 using his hardware without his knowledge. Solonini told the story while addressing students at the Moscow Advanced Communication School last week on  Wednesday. According to reports, Solonin discovered that one of… (0 comment)

Hacking cases in the cryptocurrency industry are becoming more frequent costing the exchanges hundreds of millions this year alone. Etherscan becomes the latest hacking victim on Monday after an unknown person hacked its sites. According to reports, the hacker was able to penetrate Etherscan’s system and  leave pop-up text that stated: “1337,” decades’ old hacker… (0 comment)

Iran Turns To Cryptocurrency in Preparations for the Upcoming Sanctions
A few months ago, the Iranian government turned to cryptocurrency in preparation for the upcoming sanctions. Iran had announced in April that it had developed an experimental domestic cryptocurrency to test whether or not cryptocurrency would be the much-desired savior. Iran’s new currency will allow people in Iran to send and receive money both locally… (0 comment)

Indian Committee Recommends Crypto for Payments
There may still be hope for cryptocurrencies in India. According to a recently released report titled “Legal Framework: Gambling and Sports Betting Including Cricket India”, cryptocurrencies could be used to make payments after all. The report was constituted to provide a mechanism that will tackle illegal gambling in India. After the government imposed a ban… (0 comment)