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South Korean police use AI to bust $19M Bitcoin-fuelled pyramid scam

South Korean police have caught the masterminds of a Bitcoin-fuelled Ponzi scheme responsible for generating almost $19 million in revenue. The scam, called “M-Coin,” is said to have targeted those with poor understanding of the technology – mostly elderly people, retirees, and housewives – with promises of free cryptocurrency and recruitment bonuses for signing up others, reports Korea Joon Gang Daily. äàëüøå »

2019-4-8 12:29


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For better or worse, we’re still obsessed with Bitcoin’s price

Cryptocurrencies are renowned – and often criticized – for their volatility. It’s what makes them both risky and attractive for skeptics and investors. Over the past decade, the mainstream press has largely ignored Bitcoin, generally focusing its coverage on the digital currency‘s association with crime and its sudden price movements. äàëüøå »

2019-4-5 16:22


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Bitcoin’s creator totally turns 44 today – happy birthday, Satoshi Nakamoto

Yo, Satoshi Nakamoto. Wherever (and whoever) you are, if you read this (for whatever reason): happy birthday. You deserve a celebration. While we don’t really know much about Nakamoto, Bitcoin‘s pseudonymous creator, they were “thoughtful” enough to leave behind some fun “facts” for us to obsess over, like their supposed “birthday. äàëüøå »

2019-4-5 14:11


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Indian entrepreneur implicated in $300 million Bitcoin Ponzi scheme gets bail

Amit Bhardwaj, a man accused of running a $300-million Bitcoin Ponzi scheme, has reportedly been granted bail on medical grounds, citing a deteriorating kidney condition. The former entrepreneur, who was arrested in Bangkok last year, was reportedly admitted into Apollo Hospital in India, maintaning he needed regular dialysis treatment to treat his condition. äàëüøå »

2019-4-4 13:46


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Facebook data leak (yeah, another one) allegedly exposes passwords, likes, etc

Flip that board that says “It’s been _ days since we found a massive pile of unsecured Facebook data” right back to zero, and get ready to reset your passwords again just to be safe. Security researchers discovered hundreds of millions of records on publicly-accessible Amazon cloud servers — including names, passwords, comments, likes, and all the other stuff we should all just assume has already leaked at some point. äàëüøå »

2019-4-4 00:23


Coinbase Confirms Crypto Insurance Coverage Worth $255 Million for Hot Wallets

The largest U. S.-based crypto exchange, Coinbase, has recently revealed some of the details pertaining to its insurance coverage for cryptocurrencies. The Vice President of Security of the company, Philip Martin, has recently affirmed that the coverage of the company covers up for $255 million USD in assets in hot wallets. Fortunately, only less than […] äàëüøå »

2019-4-3 04:25


No, a Swiss media ‘giant’ is not paying salaries in Bitcoin

It’s finally April 2. Congratulations, you survived the epic bullshit that is cryptocurrency April Fool’s Day – and hopefully without falling for the swath of intentionally fake news. The same can’t be said for a string of media outlets caught peddling an April Fool’s prank pulled by Swiss publishing house Netzmedien, which (through a fintech subsidiary) bombastically announced it would be paying employees’ salaries entirely in cryptocurrency, starting with Bitcoin. äàëüøå »

2019-4-2 13:09


This tool judges your Twitter for subconscious gender bias

It probably won’t come as too much of a surprise that tech leaders, a notoriously male group,  follow mostly men on Twitter — it wasn’t until 2016 when Elon Musk followed a woman. While we should be mindful that social media presents a warped view of the world, for many people in the tech industry, their Twitter timelines reflect their reality — one that is predominantly male. äàëüøå »

2019-4-2 12:58


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Alibaba, Baidu, and Tencent are among the first 197 regulated blockchain firms in China

China‘s Cyberspace Administration – the country’s central internet regulator – has released the first list of companies approved to conduct business with blockchain tech. There are 197 businesses included on the list which, according to analysts, is meant to “provide a controllable environment to explore blockchain technology,” the Global Times reports. äàëüøå »

2019-4-2 11:51