Shortly after being ordered to remove the Bitcoin white paper from its website, Bitcoin.org has been hit with an “absolutely massive” distributed denial of service (DDoS) attack, according to the site’s pseudonymous operator.

A former employee of the now-defunct New Zealand-based cryptocurrency exchange Cryptopia has pleaded guilty of embezzling NZD 245,000 (US $172,000) worth of cryptocurrencies and stealing customer data.

U.K. bank Barclays has said it is blocking customers from using their debit and credit cards to deposit funds on popular cryptocurrency exchange Binance in a bid to keep their money “safe.”

Sponsored: 1xBit is incredibly excited to announce that DAI token has been added to the list of 31 cryptocurrencies available for depositing and withdrawal!

Top stories in the Crypto Roundup today:

• Bitcoin.org Suffers ‘Absolutely Massive’ DDoS Attack
• Former Cryptopia Employee Pleads Guilty to Stealing Over $170,000
• UK Bank Barclays Starts Blocking Payments to Binance
• Daily Movers – COMP, AAVE, SNX
• Sponsored: DAI Stablecoin - Now Available on 1xBit.com

Bitcoin.org Suffers ‘Absolutely Massive’ DDoS Attack

Shortly after being ordered to remove the Bitcoin white paper from its website, Bitcoin.org has been hit with an “absolutely massive” distributed denial of service (DDoS) attack, according to the site’s pseudonymous operator.

The attackers are reportedly demanding 0.5 BTC, worth over $17,000, to halt the attack and allow the site’s services and operations to be restored to normal. A DDoS is a type of attack that targets a site’s infrastructure by flooding it with request traffic to overwhelm its system and render it inoperable.

Bitcoin.org is an open-source website first registered by Bitcoin’s first two developers, Satoshi Nakamoto and Martti Malmi, and has been dealing with a number of legal threats over the last few months.

Former Cryptopia Employee Pleads Guilty to Stealing Over $170,000

A former employee of the now-defunct New Zealand-based cryptocurrency exchange Cryptopia has pleaded guilty of embezzling NZD 245,000 (US $172,000) worth of cryptocurrencies and stealing customer data.

The ex-employee admitted to charges of theft by a person in a special relation and theft. He will receive his official sentence on October 20. The employee reportedly had issues with management regarding the management of private keys of wallets held by the exchange.

At one point, they reportedly made an unauthorized copy of private keys from Cryptopia’s wallets and saved it on an external storage device so it was accessible on their personal computer.

The incident is said to be unrelated to the exchange’s hack in January 2019, when a hacker stole over $17.5 million from its wallets. The theft occurred after Cryptopia began its liquidation process. Liquidators then noticed 13 bitcoin had been illegally withdrawn in a series of transactions.

UK Bank Barclays Starts Blocking Payments to Binance

U.K. bank Barclays has said it is blocking customers from using their debit and credit cards to deposit funds on popular cryptocurrency exchange Binance in a bid to keep their money “safe.”

The bank has been contacting customers who have used their cards on Binance this year advising them it is halting payments until further notice and asks them to search for the Financial Conduct Authority’s (FCA) guidance on Binance to clarify the situation. The FCA, it’s worth noting, announced Binance was not allowed to conduct any regulated activities in the country.

A Barclays spokesperson said:

"With effect from today, Barclays intends to stop credit and debit card payments to Binance. This action does not impact on the ability for customers to withdraw funds from Binance."

Regulators in other markets have offered similar warnings in the last few weeks, with Thailand even threatening criminal charges.

Daily Movers – AAVE, COMP, SNX

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Aave (AAVE) - Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

Compound (COMP) - Compound is an ERC-20 asset that empowers community governance of the Compound protocol; COMP token holders and their delegates debate, propose, and vote on all changes to the protocol.

Synthetix (SNX) - Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties.

DAI Stablecoin: Now Available on 1xBit.com

1xBit is incredibly excited to announce that DAI token has been added to the list of 31 cryptocurrencies available for depositing and withdrawal! 

DAI is an Ethereum-based stablecoin DAI, which price is aimed to be equal to $1, and it’s backed by crypto collaterals that can be viewed publicly on the Ethereum blockchain.

According to MakerDAO, the creators of DAI, this stablecoin is unique as “unlike traditional fiat currencies, DAI is unbiased - available to anyone, anywhere - and it is not caged by the parameters of conventional financial services, such as slow payment settlement and expensive fees”. 

Moreover, there are some extra benefits of using DAI. First of all, it is a secure and decentralized stablecoin with a long history of security. Secondly, it does not depend on banks, meaning that there is no constant risk of the bank closing or seizing the account that supports the entire protocol, nor is it required to trust that these funds exist in the bank. Thirdly, it is a widely supported stablecoin in many exchanges as Kraken, Coinbase and others. Additionally, DAI is easily accessible and respects the privacy of its users, everyone can access the system without the need for KYC (so does 1xBit.com platform).

1xBit is an online gambling platform with a wide list of cryptocurrencies supported, the best odds and a great variety of options to bet on.

On 1xBit.com the users can take advantage of DAI stablecoin and get 50 free spins as a special bonus. All you have to do is register with no KYC procedure and deposit in DAI. Note, that the minimum deposit amount required for getting free spins is 150 DAI. Don’t forget to use a promo code COMP125 and claim a 125% 1st deposit bonus. 

It is a limited-time offer, so make the best of your way to try DAI tokens and get free spins until July 16!

1xBit.com - the future of cryptocurrency gambling is now!

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