An Israeli high-tech entrepreneur has paid for part of the purchase of a parcel of land in Kfar Shmaryahu in bitcoin, Globes reported on Wednesday. Moshe Hogeg, manager of the Singulariteam venture capital fund, bought a 1.25-acre plot in the upscale town near Herzliya for $19 million (NIS 70 million). Hogeg’s lawyers … [Read more...] about Land for Bitcoin in Kfar Shmaryahu Deal
Brian Fung, The Washington Post Published 10:01 am, Wednesday, June 20, 2018 Photo: Bloomberg Photo By Seongjoon Cho Image 1of/1 CaptionClose Image 1 of 1 A monitor showing virtual currencies at the Bithumb exchange office in Seoul, South Korea. A monitor showing virtual currencies at the Bithumb exchange office in Seoul, South Korea. Photo: Bloomberg Photo By Seongjoon Cho Why bitcoin exchanges keep getting hacked - and how to protect yourself 1 / 1 Back to Gallery The price of bitcoin took a tumble early Wednesday after a major South Korea-based cryptocurrency exchange, Bithumb, admitted that hackers made off with more than $31 million worth of virtual currency. The incident is the latest in a long string of thefts at the online portals where investors trade cash for digital coins such as bitcoin and ether. … [Read more...] about Why bitcoin exchanges keep getting hacked
For most of its 10-year history, the digital currency bitcoin has been viewed by some people as the future of money. Lately, to get some insight into what the future might hold, some are focusing on how bitcoin compares with currencies of the past. In the early days of the United States, before the dollar was king, most paper money was issued... … [Read more...] about Is Bitcoin the Future, or an Echo of a Failed Past?
Tech & Science Bitcoin Cryptocurrency The price of bitcoin has taken a sudden hit following news that one of the world’s most-used cryptocurrency exchanges had been hacked, losing more than $31 million. All of the major virtual currencies, including Ethereum, Litecoin and Ripple, recorded a significant stumble between Tuesday evening and Wednesday morning, according to metrics on CoinMarketCap. Bitcoin was knocked from $6,760 to $6,611 in a matter of hours. It is currently $6,643 per coin. South Korea-based Bithumb, the sixth-largest exchange by market capitalization, has asked customers not to deposit any funds into their digital wallets, but assured users that their asserts were safe. It said the issue was first noticed on Tuesday, with millions of dollars-worth of cryptocurrencies being stolen, but claimed that the financial losses would be compensated using its own virtual cash reserves. “All assets of our customers are securely saved in … [Read more...] about Bitcoin Price Drop: Cryptocurrency Exchange Hack Wobbles Market
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