Chinese Police to Bust $87M Worth Crypto Thieves

To date, this case has already become one of the largest in terms of the amount of stolen cryptocurrency
20 August 2018   699

Chinese police have arrested three suspects in theft of bitcoins and another cryptocurrency in the amount of $ 87 million, reports Xinhua.

The investigation lasted several months. Suspects were arrested in Beijing and the provinces of Hunan and Changchun. Representatives of law enforcement agencies noted that several unnamed Internet companies provided assistance to the authorities in the framework of investigative actions.

In March, victim named Jan reported on the theft from his computer cryptocurrency for $ 14.5 million. First, the police found out the data of one suspect named Zhou, and then it became known about his accomplices.

During the investigation, it was found that the suspects committed a series of cyber attacks on corporate and private networks and were able to steal $ 87 million in cryptocurrency.

The police added that the investigation is continuing. Nevertheless, this case has already become one of the largest in terms of the amount of stolen cryptocurrency assets.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   109

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.