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ConsenSys acquires Infura, the centralizing tech powering Ethereum dapps
Ethereum-focused software firm ConsenSys has fully acquired Infura, the company that’s previously been described as the network’s most centralized layer. The company announced the acquisition news via a blog post today. äàëüøå »
2019-10-4 18:26
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$1.2M seized from Bitcoin Ponzi stuck in frozen Indian bank account
Authorities in India have found themselves in a crypto-conundrum: they can’t access cryptocurrency seized from a Ponzi scheme because such transfers have been prohibited, reports Times of India. äàëüøå »
2019-10-4 15:12
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Leader of Bitcoin-fuelled fake ID ring gets two years in US federal prison
Mark Alex Simon, the ring leader of a Bitcoin-fuelled fake ID ring, has been sentenced to two years in federal prison, the Toledo Blade reports. The Ohio resident was sentenced by US District Court Judge Jeffrey Helmick on Thursday after pleading guilty to charges in June. äàëüøå »
2019-10-4 14:52
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Coinbase reinstates GBP bank transfers, but ups fees for low-volume traders
After splitting up with its UK banking partner Barclays earlier this year, Coinbase has now fully reinstated GBP transfers. But it’s not all good news, as the exchange has also upped its fees. äàëüøå »
2019-10-4 14:46
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Dad and daughter to serve time over mail-order cryptocurrency drug ring
A father and daughter have received a combined prison sentence of eight years after selling drugs in exchange for Bitcoin on the dark web. Brittany Nicole Green, sentenced to five years, and her father Gregory, who will spend three years behind bars, ran a mail-order drug operation from their home in Billings (Montana). äàëüøå »
2019-10-4 12:51
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Drug dealer sells fentanyl for cryptocurrency, gets 30 years in prison
Yesterday, a judge in San Antonio, Texas sentenced an Iraqi man to 30 years in federal prison for selling various narcotics in exchange for cryptocurrency on the dark web. 30-year-old Alaa Mohammed Allawi allegedly distributed 245 kilograms of fentanyl, cocaine, methamphetamine, oxycodone and Xanax, a court press release states. äàëüøå »
2019-10-4 12:34
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PayPal may be getting cold feet over Facebook’s ‘cryptocurrency’ Libra
Facebook’s ‘cryptocurrency’ Libra is reportedly on the verge of losing another one of its partners after Paypal pulled out of a key meeting in Washington on Thursday. According to the Financial Times, all 28 supporters of Facebook’s digital currency project were set to meet and discuss the ways in which Libra could overcome scrutiny from regulators. äàëüøå »
2019-10-4 11:10
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Cryptocurrency firm slapped with cease-and-desist after impersonating registered financial adviser
Missouri-based cryptocurrency company Mavixbtc Limited has been handed a cease-and-desist order for allegedly misleading investors. The company, based in St. Louis, misled the public through its website, which falsely claimed to be registered with the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. äàëüøå »
2019-10-3 16:30
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MakerDAO bug could’ve let hackers steal Ethereum powering its DAI stablecoin
MakerDAO, the decentralized organization that runs on Ethereum, has disclosed an enormously dangerous security flaw that could’ve allowed an attacker to steal collateral powering its Dai stablecoin with a single transaction. äàëüøå »
2019-10-3 16:12
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Watch this Bitcoin scammer get called out directly over Skype
Dutch journalist and TV presenter, Jort Kelder, called out a Bitcoin scammer over Skype following the illicit use his face. Researchers located and revealed the names of a number of companies that have been using the faces of celebrities to promote heinous Bitcoin scams, Brandpunt+ reported earlier this year. äàëüøå »
2019-10-3 15:39
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Bitcoin fraudsters impersonate Canadian police to steal over $18,000
Police in Canada have issued warnings about a Bitcoin scam after two citizens reportedly lost $18,764. 50 (CAD $25,000) to criminals posing as police officers. As usual, the criminals told victims that their personal banking details, social insurance number, and other information had been used in a major fraud case or money laundering case. äàëüøå »
2019-10-3 11:28
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TalkTalk hacker’s parents sentenced for moving son’s stolen cryptocurrency
The parents of Elliot Gunton, the 20-year old that hacked TalkTalk and EtherDelta, traded cryptocurrency, and sold stolen data on the dark web have landed themselves in hot water after trying to help their son. äàëüøå »
2019-10-3 11:11
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Facebook’s Libra cryptocurrency lead fires back at Wall Street Journal report
David Marcus, the man in charge of getting Facebook‘s controversial ‘cryptocurrency‘ Libra off the ground, has fired back at a Wall Street Journal (WSJ) report that claimed MasterCard, one of the project‘s backers, was thinking about potentially pulling out. äàëüøå »
2019-10-2 20:06
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MasterMana Botnet takes over your machine to empty your cryptocurrency wallet
Cybersecurity researchers have detailed a dangerous botnet specifically targeting businesses to steal sensitive data and cryptocurrency. Dubbed “MasterMana Botnet,” the ongoing campaign is believed to be connected to the “Gorgon Group,” a crew of cyberbaddies linked to worldwide criminal activity and repeated attacks on governments. äàëüøå »
2019-10-2 19:57
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NiceHash co-founder reportedly arrested over alleged stolen millions (again)
The co-founder of NiceHash, the well-known cryptocurrency hash power broker, has reportedly been arrested in Germany. Matjaz Skorjanc’s arrest was made over US charges that he, along with several other hackers, is responsible for stealing millions of dollars. äàëüøå »
2019-10-2 18:58
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Russia reportedly enacts laws defining cryptocurrency and smart contracts
Russia has reportedly just enacted a new “digital rights act” that defines smart contracts and cryptocurrency tokens. Russian news outlet Regnum reported the act came into force yesterday. The new laws were first announced earlier this year and outlined how smart contracts and digital tokens would be thought of, legally speaking. äàëüøå »
2019-10-2 18:00
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IKEA just allowed an invoice to be paid via the Ethereum blockchain
IKEA Iceland has used Ethereum technology to settle an invoice with a local retailer, accepting paymentprogrammed on the Ethereum blockchain. “As the first company authorized to issue e-money on blockchains, we are delighted to demonstrate the benefits of blockchains for mainstream B2B transactions using a legal form of digital money,” said Monerium CEO Sveinn Valfells. äàëüøå »
2019-10-2 16:33
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LocalBitcoins sees huge spikes in usage during Hong Kong’s political unrest
Interest in Bitcoin, the censorship resistant cryptocurrency, often spikes during times of political or economic unrest. It’s no accident that Satoshi Nakamoto embedded a reference to the financial crisis in Bitcoin‘s genesis block. äàëüøå »
2019-10-2 15:44
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Bitcoin escrow firm owner charged over $7M cryptocurrency fraud
The director of Bitcoin escrow service Volantis Market is facing several years in prison if found guilty of cryptocurrency-related fraud. According to the US Attorney’s Office of the Southern District of New York, Jon Barry Thompson took more than $7 million from two victim companies after making false claims in connection with Bitcoin transactions. äàëüøå »
2019-10-1 16:49
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Block.one illegally sold securities to build the EOS cloud computing service, SEC finds
The firm behind blockchain-powered cloud computing service EOS must pay $24 million for violating US securities law with its initial coin offering (ICO). “Block. one did not register its ICO as a securities offering pursuant to the federal securities laws, nor did it qualify for or seek an exemption from the registration requirements,” said the US Securities and Exchange Commission (SEC) via a press release. äàëüøå »
2019-10-1 16:48
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3 things the leaked Zuckerberg tapes taught us about Facebook’s Libra ‘cryptocurrency’
Since it was announced earlier this year, Facebook‘s “cryptocurrency” Libra has been dragged over the coals many times. And now it seems staff at the Big F are also apprehensive about its launch. äàëüøå »
2019-10-1 16:42
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Dark web weed dealers used ‘Craigslist of Bitcoin’ to launder their illicit profits
Two men have pleaded guilty for conspiring to launder money using Bitcoin after selling marijuana on the dark web. Connor Brooke and Aidan Curry, 25 and 23 respectively, gave their plea in federal court yesterday. äàëüøå »
2019-10-1 11:38
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Early Arrival of Ethereum’s Istanbul Hard Fork Causes Testnet Split
Ethereum’s Istanbul hard fork has arrived two days early and caused the Ropsten testnet to split
äàëüøå »2019-10-1 00:15
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Exchanges form Crypto Rating Council, but pre-emptively admit its ratings mean nothing
A set of cryptocurrency firms have banded together to create a “Crypto Rating Council” to help classify digital assets — but it unlikely to mean much. Founded by prominent exchanges like Coinbase, Bittrex, and Kraken, the group aims to rate digital assets from 1 to 5. äàëüøå »
2019-9-30 19:14
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Bank of Ireland staff asked to testify in $300M OneCoin fraud case
As the multi-billion dollar OneCoin cryptocurrency pyramid scheme continues to tumble, news of witnesses set to testify against the scam’s perpetrators are now coming to light. According to Finance Feeds, employees of the Bank of Ireland have been asked to testify in the case against Mark Scott, one of the alleged figureheads of the $3 billion-plus OneCoin scam. äàëüøå »
2019-9-30 17:30
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Fusion’s $6.4M cryptocurrency theft could be an inside job, firm says
Thieves have ransacked the Fusion Protocol, a blockchain-powered platform for exchanging “stablecoins” and other tokens, stealing roughly $6. 4 million worth of cryptocurrency. “[On] September 28th 2019, the Fusion swap wallet was compromised, resulting in theft of 10 million native FSN and 3. äàëüøå »
2019-9-30 15:09
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Bitcoin scammers impersonate Buckingham palace in attempted Brexit ruse
Just when you thought Bitcoin scammers couldn’t stoop any lower, they’ve now taken to impersonating Buckingham Palace. The fraudsters have reportedly sent letters requesting donations to save the UK economy – because people would totally fall for that, right? The letters, dated September 16, claim this is the second time the Queen has reached out to a “certain number of people to save Great Britain’s economy” because “Brexit will happen quite quickly” – if only it were that easy! For those of you unfamiliar with British politics, Brexit refers to the UK’s impending divorce from the European Union (EU). äàëüøå »
2019-9-30 14:13
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UK police just sold criminally-seized Bitcoin for above market rates
UK police raised …
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2019-9-28 20:12
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Binance says it buddied with UK police to catch crypto criminal who stole $51M
Binance has said it collaborated with UK police to uncover a criminal who earned more than $51 million (tomers in at least 53 different services. Other criminals were able to purchase and use scripts to obtain personal information about customers by imitating legitimate companies It’s believed some 500,000 people were affected, most… This story continues at The Next Web äàëüøå »
2019-9-27 16:34
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The sad and peculiar case of Satowallet’s alleged $1M cryptocurrency exit scam
Nigerian cryptocurrency startup Satowallet has exit-scammed, making off with $1 million of its users’ money, reports International Business Times. According to company CEO Samuel Ben, however, the firm isn’t responsible for those losses. äàëüøå »
2019-9-27 15:58
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US detains Bitcoin fraudster to prevent him from escaping to Canada
A Canadian man alleged to have conned an Oregonian woman out of $230,000 worth of Bitcoin is being held in prison so that he doesn’t flee the US to Canada. US Attorney Quinn Harrington said they were concerned that the perpetrator would flee and then fight extradition. äàëüøå »
2019-9-27 14:41
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Libra exec promises Facebook’s plan isn’t to replace existing currencies
The Libra Association really wants us to know that Facebook cryptocurrency is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva today, said: “We are not in the area of implementing any monetary policy with the (Libra) Reserve. äàëüøå »
2019-9-27 14:06
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How to think about the future of digital currency
It’s a common trope that cryptocurrency, digital currency, or digital assets are “disrupting the financial industry” and will usher in a new future of financial inclusion. That’s all well and good, but how can we imagine this future? If you’re interested in tackling questions like this, join us next month at Hard Fork Summit, TNW’s dedicated blockchain and cryptocurrency event. äàëüøå »
2019-9-27 13:07
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Venezuela may have Bitcoin and Ethereum, but it’s unsure how it can use them
The central bank of Venezuela is reportedly looking into whether it can store cryptocurrencies in its coffers, Bloomberg reports citing four anonymous individuals close to the matter. According to the report the bank‘s investigation follows a request by Petroleos de Venezuela SA (PSDV) – the country’s state-owned oil and natural gas company – which is apparently looking to send Bitcoin and Ethereum to the central bank. äàëüøå »
2019-9-26 18:52
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Zcash network urged to update nodes immediately to push ‘important security fix’
The company behind niche cryptocurrency Zcash is urging the network to upgrade node software to the latest version immediately, as it contains an “important security fix. ” “Users should upgrade their nodes to [version 2. äàëüøå »
2019-9-26 17:47
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Facebook needs to delay Libra’s launch — if it really wants to work with regulators
Facebook, the American tech behemoth known for its “move fast and break things” motto, the mishandling of customer data, and interference in democracy, may not launch its ‘cryptocurrency’ Libra in time after all. äàëüøå »
2019-9-26 15:10
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Justin Sun seeks Andrew Yang’s attention with another cryptocurrency UBI pitch
Justin Sun, the founder of blockchain platform TRON, and current CEO of BitTorrent, is appearing a little desperate for the attention of US Democratic presidential candidate Andrew Yang. Sun reinforced his desire to work with Yang to make Universal Basic Income (UBI) a reality during a livestream on Tuesday, just after promising to reschedule his $4. äàëüøå »
2019-9-26 13:12
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Here’s how to fight back against Bitcoin-ransoming malware
Losing your data sucks. It sucks even more when someone uses ransomware to maliciously encrypt your files and demands Bitcoin to ensure its safe return. But don’t worry, because there are things you can do to get one over on the cyberbaddies. äàëüøå »
2019-9-26 13:08
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Bitcoin scammers are already impersonating Bakkt just days after its launch
Cryptocurrency giveaway scams are nothing new. Fraudsters have been known in the past to impersonate the likes of Elon Musk or Vitalik Buterin to con unwitting victims. And now, just days after its launch, we are seeing crypto con artists impersonate Bitcoin futures platform Bakkt. äàëüøå »
2019-9-26 10:43
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Vodafone litters London with blockchain tokens in new augmented reality game
Vodafone is running an augmented reality (AR) game across London as part of a promotional Apple giveaway, and it’s powered by blockchain technology. The game, called Find Unlimited, requires players find and interact with “Vatoms,” unique, non-fungible tokens (NFTs) generated by and stored in a blockchain operated by startup BLOCKv. äàëüøå »
2019-9-26 20:24
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Dollar-pegged stablecoin Tether is now the world’s 4th biggest cryptocurrency
Controversial USD-backed stablecoin Tether is now the world’s fourth biggest cryptocurrency, only surpassed by Bitcoin, Ethereum, and Ripple. Tether, which is actually only 74-percent backed by cash and other assets, garnered a higher share of the market after a major sell-off. äàëüøå »
2019-9-25 18:29
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China has no idea know when it will launch its digital currency
Despite reports last month that China was readying itself to deploy its own government digital currency, it now seems the country is not so surefooted regarding the asset’s roll out. In a press conference in Beijing yesterday, The People’s Bank of China’s (PBoC) governor Yi Gang said that there is “no timetable” for the launch of its new digital currency, South China Morning Post reports. äàëüøå »
2019-9-25 16:30
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KPMG survey reveals blockchain tokens might only be good for
‘Big Four’ accounting firm KPMG has revealed that 83 percent of Americans aged 18 to 24 it surveyed were interested in the future of blockchain tokens — despite sickeningly poor market performance over the past two years. äàëüøå »
2019-9-25 15:59
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Court rules Bitfinex’ info on $850M Tether black hole unnecessary – for now
Cryptocurrency exchange Bitfinex can now stop sharing documents about its use of Tether with the New York Attorney General (NYSAG) after winning a motion in the appellate division of the New York Supreme Court over an alleged $850 million cover-up. äàëüøå »
2019-9-25 12:57
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Adult content marketplace Fantasy Market charged with running fraudulent ICO
The founder of now defunct Fantasy Market, a purported online adult entertainment marketplace, has been charged with running a fraudulent initial coin offering (ICO) after raising $63,000 in cryptocurrency from over 100 investors. äàëüøå »
2019-9-25 16:05
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Japan doesn’t want to fight Facebook’s ‘cryptocurrency’ Libra on its own
Facebook‘s controversial ‘cryptocurrency‘ Libra is facing yet more scrutiny after the governor of Japan’s central bank called for international cooperation to regulate it. According to Reuters, Haruhiko Kuroda, the Bank of Japan‘s governor, told business leaders in Osaka that a joint, international effort was crucial. äàëüøå »
2019-9-24 14:27
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Kim Dotcom pushes token sale to build a blockchain content network… but why?
Controversial internet entrepreneur Kim Dotcom is back, and he’s selling tokens to build a blockchain-powered content network. Dotcom’s proposed platform, K. IM, is pitched “secure and dynamic ecosystem” where consumers and publishers of digital content can easily transact (without the middleman). äàëüøå »
2019-9-24 14:02
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Kik fires staff and shuts down messaging app but won’t stop fighting the SEC over its ICO
Following an embroiled relationship with the US Securities and Exchange Commission over its cryptocurrency come security token Kin, it appears that messaging app Kik‘s days are numbered. Kik‘s CEO, Ted Livingston, said in a blog post this morning that the ongoing fight with the SEC has left the company with no other decision but to shut down its messaging app. äàëüøå »
2019-9-24 13:01
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More than 60% of Ethereum nodes run in the cloud, mostly on Amazon Web Services
Blockchains like Ethereum‘s are often pitched as self-sovereign money networks that operate independently of states, financial institutions, and corporations — but recent research shows this might not be reality. äàëüøå »
2019-9-24 20:15
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EOS’ First Hard Fork Successfully Completed
The EOS network performed its first hard fork earlier today
äàëüøå »2019-9-24 19:55
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