TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Wirecard AG €1.9 billion might have never existed. PayPal will sell cryptocurrency directly to customers. The upcoming film “Decrypted” depicts Satoshi being tortured. Telegram to direct its Digital Resistance movement to other countries. Binance listed DigiByte, and New Zealand police seizes $90 million from BTC-e former operator.
Wirecard AG Missing €1.9 Billion “Do Not Exist”
Wirecard, the Germany-based financial services provider, plunged into a disaster scenario after recognizing the funds owed to other financial institutions may have never existed. Yesterday, the company was frank, declaring, “The Management Board of Wirecard assesses … that there is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion EUR do not exist.” State prosecutors following the case are considering whether to arrest former CEO Markus Braun and other members, according to Reuters.
PayPal to Sell Cryptocurrency Directly
PayPal, a leading US-based payment processor, is planning to roll out direct cryptocurrency selling to its more than 300 million users, according to sources linked to Coindesk. These sources declared the company would allow its users to purchase and sell cryptos from its platform, with a wallet function for users to store their cryptos. Venmo would also include these features. The implementation of this new functionality would be available in the next three months. No support for specific cryptocurrencies was mentioned.
Upcoming Film “Decrypted” Shows Satoshi Nakamoto Being Tortured
Decrypted, a dark comedy film telling the story of an NSA team striving to end cryptocurrencies, will include scenes showing operatives torturing Bitcoin creator Satoshi Nakamoto. Asian American actor Akie Kotabe, who is portraying Nakamoto, will be tortured to obtain the information the team needs to destroy cryptocurrencies. Film production stopped due to the coronavirus pandemic, but according to their official site they have “about 70% of the film in the can,” and will resume shooting “as soon as is practical.”
Telegram Founder Announces “Digital Resistance”
Pavel Durov, the founder and CEO of Telegram, announced the company and “thousands of Russian engineers” joined forces, forming the Digital Resistance movement. In a message shared trough his Telegram channel, Durov explained the movement had a pivotal role in sidestepping the ban Telegram faced in Russia and that they are ready to face new challenges, directing these anti-censorship resources to other places where Telegram is still banned by governments, like Iran and China.
Binance Lists DigiByte
— Binance (@binance) June 22, 2020
Binance, the biggest cryptocurrency exchange, announced the imminent listing of DigiByte, a PoW cryptocurrency, stressing it was done without paying for listing fees in an article explaining the issue. Changpeng Zhao, CEO of the exchange, declared they had to “filter through some noise on this one,” stressing it would have happened sooner otherwise, thanking influencer Tommy Mustache for his support. DigiByte is now available on the exchange on three trading pairs: DGB/BTC, DGB/BNB and DGB/BUSD.
New Zealand Police Seize $90 Million From Former BTC-e Operator
New Zealand Police’s Asset Recovery Unit seized $90 million from a company property of Alexander Vinnik, the former operator of BTC-e, a US-based exchange. Alexander Vinnik and BTC-e are accused of being involved in money laundering schemes, computer hacking, ransomware attacks, theft, fraud, and corruption. This is the largest restraint of funds in New Zealand history, according to a PR release. Vinnik is currently held in French custody after being extradited from Greece.
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