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World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months

The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC).Bitcoin didn’t do any betterJapan's Government Pension Investment Fund, or GPIF, decreased in value by almost 11% to 150.63 trillion yen or $1.4 trillion.

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World’s Second Largest Bitcoin Mining Wants to Lend you Bitcoin, Partners with BlockFi

[sociallocker id="55298"] China’s Poolin is bolstering its cryptocurrency lending business. The firm announced a partnership with BlockFi, the U.S.-based lending firm late on June 2, 2020.  Bitcoin Liquidity for Miners As reported on Cryptox, Poolin’s mining business will now expand to include more lending and financial services. New York’s BlockFi will act

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value

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Largest Private Investment Bank in Latin America Issues Real Estate Tokens on Tezos

Banco BTG Pactual is issuing its security tokens representing investment in real estate on the Tezos (XTZ) blockchain. Previously, the bank had issued its ReitBZ tokens on the Ethereum blockchain, raising $10 million in Ether (ETH) and Gemini Dollars (GUSD). Which blockchain will prevail in the future?Andre Portilho, head of digital assets

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Bitcoin’s 8% Drop Triggers Largest Liquidation on BitMEX in 2 Months

Bitcoin fell sharply on Sunday, triggering the highest long-short liquidations on crypto derivatives exchange BitMEX for the past two months. The top crypto by market cap fell by over 8.5% – its biggest single-day drop since March 12, when prices crashed nearly 40%, according to CryptoX’s Bitcoin Price Index. The decline could

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Europe’s Largest Private Hospital Hit By Crypto Ransomware Amid Pandemic

Hackers infected the IT infrastructure of the largest private hospital in Europe with ransomware.Cybersecurity news outlet, KrebsonSecurity, reported on May 6 that hackers compromised the IT systems of Germany-based private hospital, Fresenius. An anonymous source reportedly informed the outlet that the hospital’s systems were infected by the ransomware known as

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