Nexus Mutual CEO Loses 370,000 NXM Tokens to Hackers

A hacker has gained access to the computer of Hugh Karp, the CEO of decentralized finance (DeFi) insurer Nexus Mutual and carted away with a total of 370,000 NXM tokens worth over $8 million.

According to a report posted on Nexus Mutual’s Twitter account, the hack happened at 9:40 am after the attacker completed KYC 11 days ago and then switched membership to a new address on Friday, December 3rd.

However, only Karp’s account was affected, the pool of funds and all systems are safe.

Coinstar Records 5000 Bitcoin ATM, with 65% Growth in US

Coinstar, an American company operating coin-cashing machines now has 5,000 Coinme bitcoin ATM across the United States adding 11 cryptocurrency exchanges, which has made its location grow by 65%.

The chief executive of Coinme, Neil Bergquist, told Coin Desk that Coinme is the only participant to offer cash-to-crypto services and the company is expanding to give the majority of the U.S. population access to digital currencies.

CC Metals & Alloys Might Be Mining Bitcoins

There are reports that CC Metals & Alloys (CCMA), a company owned by Ukrainian oligarch Ihor Kolomoisky and his business partner Hennadiy Bogolyubov is allegedly producing bitcoins.

According to workers who asked for anonymity in phone-in conversation on Radio Svoboda, the warehouses is now filled with computers that produce cryptocurrencies while the plant’s main production is standing.

CC Metals & Alloys (CCMA) was shut down in July due to unfavourable market conditions.

EY and Microsoft Plans to Leverage Blockchain Solutions for Gaming Royalty Management

Ernst & Young LLP (EY) and Microsoft have announced plans to use blockchain-based solutions to help Xbox gaming partners and other content creators to provide a financial system of record, contract creation, payment and reconciliation and royalties management.

The blockchain application will be powered by the Microsoft Azure Blockchain Service and has gone through what is referred to as “soak testing” in the software industry, which has proved that it has the capability of processing two million transactions per day.