By CCN Markets: A cryptocurrency investment scheme in South Africa’s Kwa-Zulu Natal Province has proven that having an unoriginal name, Bitcoin Wallet, never stopped any scam from raking in tens of thousands of dollars daily from the masses. According to The Citizen, the cryptocurrency scam is operating from Kwa-Zulu Natal’s rural town of Ladysmith. The scam is estimated to be drawing in R2 million ($ 135,000) daily in a town of just over 60,000 people. The investment scheme owned and operated by Sphelele ‘Sgumza’ Mbatha is promising returns of 100 percent within 15 working days. Initially, the lowest investment amount
Female Esports Gamers Are Raking in Cash on Skillz
Skillz, a mobile multiplayer gaming platform that features dozens of games, reportedly had a blow out year, with the top-10 players winning more than $ 8 million in combined prizes. Notably, 7 of the top-10 earners were women. The top 10 #mobile #eSports athletes of 2018 won a combined $ 8 million, with our top #player earning over […]
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Two Groups Have Dominated Cryptocurrency Hacks, Raking in $1 Billion: Chainalysis
Blockchain analysis firm Chainalysis has disclosed that just two groups benefited from the majority of cryptocurrency hacks that have occurred to date. Per The Wall Street Journal, the two hacking groups could have obtained as much as $ 1 billion in cryptocurrencies. Since bitcoin came into being, over $ 1.7 billion worth of cryptocurrencies are estimated to have been stolen. According to Chainalysis’ chief economist, Philip Gradwell, the two hacking groups are most likely still active. While disclosing that tracking the funds that were stolen in publicly reported hacks took three months, Chainalysis pointed out that their analysis might be incorrect. The
Crypto Exchanges are Raking in Billions in Revenue Despite Market Struggles
Coinbase, the largest fiat-to-crypto exchange in the global market, is set to bring in over $ 1.3 billion in yearly revenue by the end of 2018. Binance, the go-to crypto exchange for digital asset traders, recorded a profit of $ 200 million in January, nearing that of Germany’s biggest financial institution Deutsche Bank. Upbit and Bithumb, two
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