More than $ 3 000 000 stolen from Bitcoin Gold

More than $ 3 000 000 stolen from Bitcoin Gold

Users who suffered an online fraud accused official Bitcoin Gold website for recommending a wallet called mybtgwallet.com and believe that this led to such huge losses.

Scammers sent out requests asking users to provide their private keys to “generate Bitcoin Gold wallets”. People who did that soon found out that all their digital currency was gone. As a result of this complex scam fraudsters got around $ 3,300,000.

Before the theft, the team of Bitcoin Gold attempted to create a new version of Bitcoin and advertised mybtgwallet.com, convincing users that it was secure enough.

Bitcoin Gold representatives have already stated that they are examining the issue with a number of security experts:

 

“When we receive reliable information that a particular website or application is not secure enough, we immediately remove it from our website. Mybtgwallet website was considered to be reliable until this incident, but like it is with all third-party resources, the website was not entirely under our control and we were not able to track what was happening there. The investigation showed that somebody changed mybtgwallet after it was initially published”.

BTG team will soon disclose further results of its investigation.

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Cryptocurrency Prices: The Rating Is in the Red Zone

Cryptocurrency Prices: The Rating Is in the Red Zone

According to the trading portal Coinmarketcap.com, Bitcoin (BTC) fell by 2.27% in the last 24 hours. The price at the time of writing is $8122.

The prices of cryptocurrencies are jumping again. Only yesterday they were growing, but today the rating is showing red numbers again. Ripple decreased by 3.27%, Monero lost 6.31%, Stellar fell by 5.10%, the price of EOS is also in the red zone – it dropped by 2.76%.

Ethereum is showing a fall by 2.95%. Its value at the time of writing is $682 per coin.

The total market capitalization is $370 billion. Bitcoin accounts for 37.3% of the total amount. It is $138 billion in monetary terms.

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The Japanese bank MUFG Will Launch Its Own Cryptocurrency

The Japanese bank MUFG Will Launch Its Own Cryptocurrency

After loud statements by Buffett and Gates concerning cryptocurrency, it seemed that at least the state institutions of countries would refuse from it, but a Japanese bank Mitsubishi UFJ Financial Group still decided to acquire its own cryptocurrency, MUFG Coin, in 2019.

“Regarding the speculation (in) media reports, these reports are not based on any announcement by MUFG, and the details have not been decided,” the bank’s spokesman said in an emailed statement to Reuters. “However we can only say that it’s true that MUFG is conducting demonstration experiments on the ‘Coin’ within the company utilizing a blockchain technology.”

According to NHK Japan, the digital currency MUFG Coin will be tested for suitability in several regions of the country. 100,000 people who are associated with the company will be able to participate.

Representatives of the bank will provide an opportunity for users to use the cryptocurrency as a means to pay for goods and services in shops and institutions. The bank’s digital currency can be transferred to the accounts of those who participate in the project. If the idea is successful, then MUFG will be the first Japanese bank that has its own digital currency.

The MUFG coin can be used exclusively in Japan. In the world market it can be traded in pairs at non-financial currency exchanges instead of USTD (Tether cryptocurrency, tied to the dollar).

Those people who have downloaded and installed an application that automatically converts deposits into MUFG Coin will be able to take part in the test of the new currency. The cost of one coin is equal to one yen.

We remind you that the management of Mitsubishi UFJ Financial Group announced its intention to launch a  cryptocurrency exchange with the national currency, as well as a service with split Bitcoin-accounts.

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