Bitcoin News in Review: Bitcoin Price, CryptoDouble, EgoPay, and More
Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week, here on CryptoCoins News. This week, the bitcoin price dropped below $200 USD before slightly rising again to the low $200's, bitcoin scam CryptoDouble disappeared with over 2000 bitcoins, bitcoin payments processor EgoPay ceased all trading, and more. Keep scrolling for this week's top stories. Bitcoin Price. The bitcoin price dropped to nearly $150 USD this week, before going back up to the low 200s. This continues the long downwards price trend we've seen over the past....
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It appears the fluctuating bitcoin price is really taking its toll on related businesses. Recently CEX.io went so far as to halt its cloud mining operations. CoinTerra has ceased granting payments to customers due to growing debts, and now electronic payment processor EgoPay is joining the ranks as the latest bitcoin-delving company to bring its operations to a temporary halt. Clients logged into the EgoPay site are allegedly receiving the following message: "EgoPay Members will be experiencing higher than normal review times for all withdrawals and deposits as EgoPay is currently....
CryptoDouble, a newly launched company that promised to double cryptocurrency investments within 100 hours of deposit, recently disappeared with customers' 1,000 BTC - leaving behind nothing but an offline website. From what we could gather from the leftover material, CryptoDouble claimed itself to be a brainchild of some really serious "investors" that were able to return twice the amount deposited. An excerpt from their dead website read: "[We] are the group of professional traders and skilled analysts with valuable experience in the sphere of cryptocurrency. All transactions in the....
Payment solutions company Payeer has shown CoinDesk evidence that it has $185,503.32 and €5,460.75 in a frozen wallet with EgoPay. Electronic payment processor and gateway EgoPay has frozen accounts belonging to a number of its clients, including cryptocurrency exchanges such as BTC-e and Bitmarket.pl. BTC-e told CoinDesk that EgoPay is denying it access to $80,000 of its funds having placed this sum in a "frozen wallet". Slovakian cryptocurrency exchange GOLDUX.com confirmed $7,183 of its funds are also being withheld by EgoPay, which is based in Lithuania and registered in Malta. The....
Apparently EgoPay has had a nasty blow to its... ego. After freezing funds and bringing its operations to a temporary halt last week, the company has confirmed that it has been the victim of a massive hack, and ultimately, an insider is suspected. Back in December, Lithuania-based exchange GOLDUX.com made the claim that the company had indeed been the victim of a hacking, but EgoPay refused to support such a claim... Until now... The company verified the hack in a recent blog post, and later went on to discuss the event further by saying: "False values were made available in the merchants....
EgoPay's former CEO Tadas Kasputis has told CoinDesk that the company's bitcoin-related customers lost $1.1m in the hack. Third-party payment processor EgoPay suffered a hack in late December, the company has confirmed in a blog post. The post claims the person or persons involved interfered with a number of transactions. Explaining more about the hack, EgoPay writes: "False values were made available in the merchants platform, when no actual value was transmitted in EgoPay. This hacker then proceeded to convert this fake value into irreversible currencies all within a one-hour window.....