Month: December 2020

XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

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Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked … Read more

Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested

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Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest the victims and freeze their assets. Bitcoin Extortionists Arrested in India … Read more

An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1

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An unknown person incurred a transaction fee of more than $80,000 or (3.49079570 bitcoins) when transferring bitcoin worth $1.16. According to Blockchain.com, the December 19 transaction, which is included in block 662052, had an input of 3.49084570 bitcoin and an output of 0.00005000 bitcoin. As one report explains, the unusually high fee may have been … Read more