First Crypto EFP Transaction to be Concluded

The participants of the transaction say that they realized the first EFP-transaction in the history through the Chicago Mercantile Exchange
25 July 2018   636

The futures trading platform ED & F Man Capital Markets and the exchange for institutional investors itBit carried out the EFP-transaction for the exchange of bitcoin futures for a physical asset. This is reported by CCN.

The participants of the transaction say that they realized the first EFP-transaction in the history of the crypto-currency industry through the Chicago Mercantile Exchange (CME Group).

Every day we facilitate EFPs for our clients in physical assets such as soybeans, wheat and treasuries. EFPs on CME Bitcoin futures mark an important step forward in the maturity of the regulated derivatives market for digital currencies.

Brooks Dudley

ED&F Man Capital Markets Inc.

CEO itBit Paul Cevadini is convinced that such institutional solutions will help to calm the differences in the crypto-currency market.

Prior to this transaction, the US Commodity Futures Trading Commission (CFTC) only approved bitcoin-futures trades, settlements in which were conducted in a fiat currency. This type of transaction implies that after the expiration of the contract, the investor will receive only the monetary value of bitcoin, and not the cryptocurrency itself.

G Suite & Target Twitter Accounts Hacked

Scammers hacked verified G Suite and Target Twitter account to use it for another fake "crypto giveaway"; 5.8634 bitcoins received
14 November 2018   99

Twitter accounts of one of the leaders in US retail Target and Google G Suite services were hacked by unknown, who immediately announced the free giveaway of bitcoins. The legitimate owners returned access to their pages quickly enough, but fraudsters still managed to get about $ 30,000.

After hacking the account G Suite, which has more than 800k subscribers, announced the distribution of 10 000 BTC. As reported by The Next Web, this post was deleted after 10 minutes. At the moment, Google has not commented on the situation.

Scammers message
Scammers message

Account Target, which has a little less than 2M subscribers, announced the distribution of 5 000 BTC.

Representatives Target confirmed hack of account, starting an investigation into the circumstances of the incident.

Early this morning, our Twitter account was inappropriately accessed. The access lasted for approx. half an hour & one fake tweet was posted during that time about a bitcoin scam. We have regained control of the account, are in close contact with Twitter & are investigating now.

As exploers show, there were no transfers to the of hackers of the G Suite account. However, with the help of a post on the Target page, attackers were able to get 5.8634 bitcoins.