Welcome to In Case You Missed It (ICYMI), a lightning-fast set of Monero payments to buy Fortnite merchandise brought by your favorite player, Linzerd. Bitcoin ten times as popular as crypto and blockchain. Paxful grows driven by Africa. Fortnite merch store now accepts Monero. Hackers ask for bitcoin ransom for 9/11 files. Mike Novogratz acquires more shares, and DMM bye-byes the mining business.
Hackers Ask Bitcoin Ransom for 9/11 Insurance Files
The hacker group known as The Dark Overlord hijacked a data file containing insurance information related to 9/11 cases from several law firms, and now they are asking a Bitcoin ransom for the file. The law firms affected by this hack were Hiscox Syndicates Ltd, Lloyds of London, and Silverstein. The hacking group announced they will release the keys to the encrypted files one at a time if the firms do not pay. “Pay the fuck up, or we’re going to bury you with this” they stated.
DMM Exits the Cryptocurrency Mining Business
Another Japanese giant has decided to exit the cryptocurrency mining business. DMM is an entertainment an e-commerce conglomerate that got into mining last September when the cryptocurrency market was near its boom. But now they informed that due to reduced profitability, they will withdraw from the market and sell their existing miner stack during the first half of 2019, following GMO’s footsteps.
Fortnite Merch Store Now Accepts Monero
The official store for the uber-popular game Fortnite, known as the Fortnite Retail Row, has started accepting Monero, the popular privacy-based cryptocurrency, as a means of payment for their products. Although they are not using a native solution for this, going for a third party cryptocurrency payment provider like Globee instead, it is nonetheless a great opportunity for gamers to spend their cryptocurrency on official merch from the game. Fortniters rejoice!
Bitcoin Searched 10 Times More Than Blockchain
According to data from Google Trends, ranking searches from all over the world for different topics on the search engine, the term bitcoin is still quite more popular than the words blockchain and the general term cryptocurrency. Bitcoin was searched ten times more than these other terms, with its popularity going down during 2018. This goes to show the name bitcoin has power within itself and explains why some forks use the term despite having no relation to the original cryptocurrency.
Paxful Grows, Powered by Africa
Paxful, an over the counter cryptocurrency exchange much like LocalBitcoins, has achieved more than 20% growth by placing a special emphasis on their business in the Africa. According to an article by CoinDesk, more than 40% of the new users on the exchange were from Africa, remittances and cross-border payments being the more popular use cases. Powered by this, Paxful increased more than 100% in transaction volumes.
Mike Novogratz Increases Stake in Galaxy Digital
Mike Novogratz, the known cryptocurrency investor and founder of Galaxy Digital, has acquired more shares in his own company, putting more of his skin in the game. Mike bought shares for 5.5 million dollars, giving him 2.7 million of shares of the company. Now Mike controls around 80% of issued shares. He can hit and miss with predictions, but he puts his money where his mouth is.
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