“BlockFi has always had provisions for loss in accordance with its accounting policy. This is part of the provision so it doesn’t have a big impact on the equity or operation of the platform,” Prince said that the mis-transfer problem has been fixed dress. BlockFi also developed additional measures to prevent a similar situation from happening in the future. A BlockFi user received 701 Bitcoins due to the crash. Screenshots. BlockFi’s Twitter page states that some participants in the promotion may “see incorrect bonuses in transaction history”. Those withdrawing to cold wallets were emailed by BlockFi asking to send their funds back. Share with CoinDesk , a BlockFi user said he withdrew a large amount of Bitcoin received from BlockFi to a cold wallet, claiming that this was a reward of a promotion. After realizing the problem amount, he requested to cancel the withdrawal. However, it is not clear why the Bitcoins are still withdrawn to cold wallets. The next day, this user received emails and calls from BlockFi, threatening to get legal intervention if the money was not returned. On the Internet, many BlockFi users have shared images of receiving large Bitcoins from “falling from the sky”. “I thought BlockFi was going to transfer 701 USD but mistaken it for 701 Bitcoin”, Twitter user Ric Burton share. Another said that he received 5 Bitcoins but was also asked to return it by BlockFi. “I got to be a millionaire in 3 hours”, account nebrijo comment, with a picture of an account balance of more than $1.5 million before transferring the mistakenly sent Bitcoin to BlockFi. According to the Bloomberg , BlockFi is a platform that provides lending and trading services for cryptocurrencies. Despite having just experienced a sharp price crash, the world’s most valuable cryptocurrency is trading at around $40,000, as of May 21. BlockFi’s large Bitcoin transfer by mistake is reminiscent of last year’s incident, when Citibank mistakenly transferred $900 million to several creditors of cosmetics firm Revlon, instead of just paying $8 million in interest. Expensive price for Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity required for mining has increased significantly. This leads experts to believe that cryptocurrency mining is not environmentally friendly.

AquaGoat’s transaction value and volume suddenly increased sharply after Facebook CEO Mark Zuckerberg posted a picture of two goats raised on his own farm with the content “My goats: Max and Bitcoin”. Internet users claim that Max and Bitcoin are Zuckerberg’s two goats, implying that the Facebook co-founder is also interested in Bitcoin and the crypto market. AquaGoat’s value soared after Mark Zuckerberg’s two goats. Photo: CoinMarketCap. AquaGoat was launched by an Australian programmer on April 7 and appeared on CoinMarketCap from April 21. This is a decentralized token on the Binance exchange that emphasizes transparency and community contribution. According to AquaGoat’s website, transactions will be partly deducted and donated to organizations that conserve marine life and clean the ocean. AquaGoat’s Twitter page also repeatedly mentioned Mark Zuckerberg, referring to the image of his two goats contributing to the price increase of more than 500%. This is not the first time cryptocurrencies “animals” have increased in value thanks to technology billionaires. Recently, the crypto value Dogecoin with the image of Shiba dog has continuously fluctuated after the posts of billionaire Elon Musk. On April 17, a post with the content “Doge barking at the moon” of the billionaire made the Dogecoin price more than doubled. Earlier in February, the coin also appreciated more than 50% after Musk’s survey of the future currency in the world. Zuckerberg’s post shared the names of two goats, Max and Bitcoin. Screenshots. On May 8, Musk uploaded a photo of Musk’s personal announcement to join the program on Twitter Saturday Night Live , insert the Shiba dog image, the Dogecoin symbol in the frame. Soon after, the Dogecoin price surged and reached a historic high of $ 0.72. However, before the time Elon Musk aired the program, the price of Dogecoin fell sharply. On May 10, Musk’s aerospace company SpaceX announced a mission called “DOGE-1 Mission to the Moon”. This is a delivery program to the Moon in which SpaceX accepts payments in Dogecoin. While attracting attention, crypto experts recommend that Dogecoin, or “animal” currencies, have many drawbacks compared to other decentralized assets like Bitcoin. Therefore, investors should be cautious before deciding to enter the market. The high cost of Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity needed for mining has increased significantly. This leads experts to believe that mining cryptocurrency is not environmentally friendly.