Tag Archives: Profit

HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

Nearly $7 million worth of Ethereum has been emptied out of the HEX purchase address in the past few days. A series of 36 transactions, each containing 1,337 ETH, depleted the bulk of the remaining Ethereum which had been sent to the HEX purchase address. Continue reading HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

Australian Police Seize Illegal Gun Runner’s Bitcoin to Cash 2000% Profit

Australian authorities have become unwitting benefactors of Bitcoin’s impressive bull run in recent years. The Australia Federal Police’s latest Annual Report highlights a bust which netted them a cool 2000% profit. In it, the Feds reveals seized bitcoin worth approximately A$ 7,300 ($ 4,995) in 2016 from a man using the cryptocurrency to purchase three weapons in contravention of the 1901 Customs Act. Continue reading Australian Police Seize Illegal Gun Runner’s Bitcoin to Cash 2000% Profit

Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017

Blockchain analytics firm CipherTrace released a report this morning showing that roughly $1.7 billion in cryptocurrency was stolen or scammed over the course of 2018. The amount stolen by hackers alone is staggering: over $950 million. The figure represents an increase of more than 300% from 2017. Continue reading Cryptocurrency Thefts and Scams Raked in 300% More Profit Last Year than 2017