Tag: Hard Fork

Police bust potential Bitcoin money laundering scheme in Brazil

Brazilian police have arrested a man on suspicion that he was running a drug trafficking ring and laundering funds using Bitcoin. According to a local report, law enforcement officials found a clandestine drug laboratory containing Bitcoin BTC mining equipment in Porto Alegre, in southern Brazil, and arrested the unnamed man yesterday. In the flat, located […]

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First quarter 2019 crypto roundup: How did Litecoin perform?

Litecoin LTC (LTC) was created back in 2011 as one of the earliest forks of the cryptocurrency OG, Bitcoin. Like many other blockchain and cryptocurrency projects promise, Litecoin was developed with the intention of improving on Bitcoin by offering a cryptocurrency better suited to high volume, low value, everyday transactions. This supposed “lite” cryptocurrency has […]

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JD.com says putting chickens on the blockchain was great for business

China’s popular online retailer JD.com says sales of free-range chickens have doubled in the past two years, and blockchain technology has played a key role. Its initiative for putting chickens on the blockchain, called “Running Chicken,” sees professional breeders hired by JD.com to tend to chickens. Local farmers are also offered part-time jobs growing vegetables, fruit, […]

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Ethereum bandit makes off with $6.1M after bypassing weak private keys

There’s a blockchain bandit on the loose – and they’ve already thieved over $6.1 million worth of Ethereum. According to a report published by security consulting firm Independent Security Evaluators (ISE), an unknown entity has been bypassing weak private keys to swipe large amounts of Ether. The findings show that during last year’s price rally, the […]

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Men plead guilty in first NY conviction for money laundering involving Bitcoin

Two US men have pleaded guilty to running a steroid and controlled substance business that laundered millions of dollars in cryptocurrency and Western Union payments. Representing the first conviction for money laundering involving cryptocurrency by New York State prosecutors, the defendants sold their products, which they made, marketed, and shipped, on a website they controlled […]

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Coinbase fires 30 workers and closes Chicago office after just one year

Prominent cryptocurrency exchange Coinbase is set to close its Chicago office just a year after it was opened, and will let go around 30 software engineers in the process, reports Fortune. The group had been tasked with building a special “matching engine” product for high-frequency trading. A Coinbase spokesperson said the high-frequency trade technology was no longer […]

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Japan finance regulator raids cryptocurrency exchanges in money laundering sweep

Japan‘s top financial regulator has raided two cryptocurrency exchanges to enforce anti-money laundering rules, Reuters reports. Financial Services Agency (FSA) agents inspected digital asset firms Huobi Japan and Fisco Cryptocurrency Exchange to make sure appropriate customer protections were in place. Both firms reportedly had recently undergone management restructures. In October last year, Fisco revealed it was […]

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Volkswagen bets on blockchain to electrify its battery supply tracking

German car manufacturer Volkswagen is launching a blockchain pilot to track its battery supply chain for lead from the point of origin to the factory. To do so, Volkswagen is partnering with Minespider, an open source, public blockchain protocol that claims to offer end-to-end mineral supply chain certification. The project will involve suppliers and sub-suppliers that […]

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Bitcoin hacker targets Meghan Markle’s friend’s fashion company

Meghan Markle’s designer friend’s Misha Nonoo’s fashion company has been targeted by a Bitcoin BTC hacker. Nonoo, who is rumoured to have introduced Markle to Prince Charles, said she was “mortified” after a hacker gained access to her eponymous label’s email list and began sending threatening messages. In an email, written in broken English, the […]

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BitcoinSV’s blockchain is struggling with its enormous 128MB blocks

The Bitcoin Satoshi Vision (BitcoinSV) blockchain has suffered a series of “block re-oganizations,” putting the integrity of its network in question. “On 18th April 2019, our Bitcoin Cash SV [sic] node experienced two block re-organizations. First, a three block re-organization, followed by a six block re-organisation,” tweeted BitMEX Research, the analysis arm of digital asset exchange BitMEX. Block […]

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US presidential candidate Andrew Yang wants to fix ‘confusing’ cryptocurrency regulations (and give $1,000 to everyone)

Move over John McAfee, there’s a new kid on the block, and they just cemented their position as the cryptocurrency presidential candidate for the 2020 election race. Andrew Yang released a statement on cryptocurrency and digital assets yesterday, making a bid to regulate virtual assets if elected. If Yang wins the 2020 race he wants […]

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Report: Cryptocurrency ransomware payments up 90%, thanks to Ryuk

Ransomware attacks are still doing the rounds and one in particular appears to be gaining pace. Cryptocurrency payments made to ransomware attackers increased nearly 90 percent in Q1 2019 over the previous quarter, according to ransomware support firm Coveware’s latest report. In the first quarter of the year, the average daily ransom being paid to […]

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For the love of Satoshi, don’t give your Bitcoin to rebuild Notre Dame

A significant chunk of the famous Notre Dame cathedral burned down earlier this week, and now France’s government is mulling whether to accept cryptocurrency to rebuild it—but please, for the love of Satoshi, keep your Bitcoin BTC. The world anxiously watched fire rip through Notre Dame’s twelfth century framework on Monday afternoon. French minister for digital […]

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IBM launches blockchain skills academy with University of Louisville

One of top 200 universities in the US, along with a helping hand from IBM, is getting its students into blockchain with dedicated training. The University of Louisville announced a partnership with IBM yesterday, which will see the institution establish what it’s calling the “IBM Skills Academy.” The academy will deliver a curriculum focused on […]

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Coinbase expands cryptocurrency trading services across 11 new markets

Coinbase, one of the longest serving exchanges in the cryptocurrency ecosystem, is expanding its services across Latin America and Southeast Asia. As a result of the expansion, cryptocurrency enthusiasts in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand will now be able to access the company’s crypto-to-crypto […]

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