Bitcoin

Bitcoin Daily: VeChain Blockchain Platform Loses $6.7M In Cyberattack; Bottle Pay Bitcoin Startup Shuts Down Amid New EU Regulations

Cryptocurrency

A hacker reportedly took tokens worth $6.7 million from the VeChain Foundation, which is the group behind the VeChain public blockchain platform construction, Yahoo Finance reported.

VeChain, which was started in 2015 in Singapore, showcases a lending platform based on the blockchain that aids clients in assessing the quality of items purchased via supply chain analysis. The platform features the VeThor Token (VTHO) and VeChain Token (VET). The team has reportedly made a list of all addresses associated with the hacker’s address and requested that all exchanges  freeze any funds originating from those addresses since the reported hack occurred.

In other news, Sweden’s Riksbank has put into place the public procurement of a supplier of technology to the eKrona pilot project and intends to make an agreement with Accenture, according to an announcement. The assignment involves deciding how the eKrona could work in a pilot environment. The main goal of the project is to widen the bank’s understanding of the eKrona’s technological potential. Eleven requests to participate came out of the public procurement. The organization chose three suppliers that were given invitations to make tenders.

Meanwhile, Bottle Pay, the bitcoin payments startup, closed down, noting the AMLD5 European Union regulation that is taking effect early in January, Coindesk reported. The company, which is based in London, notched $2 million in September. The Bottle Pay app once let users send small portions of bitcoin via social media handles and texts from Twitter to Telegram. In a statement, the company said, “The amount and type of extra personal information we would be required to collect from our users would alter the current user experience so radically, and so negatively, that we are not willing to force this onto our community.”

And Crypto.com is making EOS more useful by integrating the digital currency into multiple flagship offerings, Cointelegraph reported. The platform recently rolled out its crypto fundraising platform, “The Syndicate,” and its exchange. EOS will be listed via The Syndicate on the exchange this week. Crypto.com reportedly wants to make purchasing, selling, paying, sending, earning and tracking digital currencies much easier than it is as it stands.

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