Tag: Hard Fork

UK drafts collaborative plan to crack down on cryptocurrency crime

The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities. To do so, the government has published the Economic Crime Plan, agreed between the Chancellor Philip Hammond, Home Secretary Sajid Javid, and heads of law enforcement, major financial institutions and legal, accountancy and property organisations. […]

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MyDashWallet was compromised for 2 MONTHS — users, move your cryptocurrency

MyDashWallet, a service that purports to be the fastest way of using DASH cryptocurrency, has revealed its platform was compromised for two whole months, and is now urging users to move their funds as soon as possible (if they’re still there). “The hacker was able to obtain private keys used between May 13th and July 12th.” wrote […]

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Moonday Morning: US college hit by ransomers demanding $2M in Bitcoin

Welcome back to another Moonday Morning, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines that you can’t afford to miss. Let’s check it out. 1. Leaders in US congress have drafted a bill that would prevent big tech companies from offering financial products and services like cryptocurrencies and digital assets, The Block […]

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Bitpoint exchange loses $32 million worth of cryptocurrency in hot wallet hack

Japanese cryptocurrency exchange Bitpoint has been hacked, resulting in the loss of $32 million worth of various digital currencies, Bloomberg reports. The majority of funds lost (approximately $23 million) belonged to customers, while the rest were owned by the exchange. A Google Translated version of Bitpoint’s note informing customers that operations have ceased. Bitpoint has […]

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Donald Trump’s critique of Bitcoin is antiquated and irrelevant

US President Donald Trump, known for his complicated relationship with technology and his incessant need to share his ill-advised thoughts with the world, has admitted he’s not a fan of cryptocurrency. The controversial billionaire–cum–leader of the free world shared his disdain with cryptocurrencies such as Bitcoin and Facebook’s upcoming Libra in a string of tweets earlier […]

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Bitmain lost $150,000 because it mined an invalid Bitcoin block

Bitmain-owned mining pool Antpool appears to have squandered at least $150,000 worth of Bitcoin BTC mining rewards, reports BitMEX Research, the analytic arm of cryptocurrency exchange BitMEX. At 14:35 UTC, June 10, the Bitcoin network rejected a block after it had been mined, which effectively cancelled the 12.5 BTC ($146,200) reward intended for its miner. Any […]

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Canada relaxes rules for cryptocurrency exchanges despite ongoing QuadrigaCX saga

Reassurance for Canadians: Cryptocurrency exchanges across the nation will now only have to report transfers of more than CA$10,000 ($7,663). It comes after the Canadian government relaxed some of its new anti-money laundering regulations following feedback from payment service providers and cryptocurrency exchanges. As a result of the changes, cryptocurrency platforms, both in and outside […]

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Furious Bitcoin scam victims torch alleged Ponzi mastermind’s house

Angry victims have looted and torched the home of a man who reportedly operated an alleged Bitcoin BTC Ponzi scheme in South Africa.  Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire. An anonymous source told […]

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Fraudsters fined $360,000 for running bogus Bitcoin trading ring, impersonating CFTC

A Texas federal court has granted a motion for a default judgement against two individuals who solicited money by fraudulently representing the US Commodity Futures Trading Commission (CTFC) in a bid to extract Bitcoin BTC from investors.  Defendants Morgan Hunt and Kim Hecroft were ordered to pay almost $400,000 in civil monetary penalties and restitution […]

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Winkevoss twins consider joining Facebook’s ‘cryptocurrency’ despite beef with Zuckerberg

The Winklevoss brothers, co-founders of cryptocurrency exchange Gemini and renown for their well-documented legal battle with Facebook, are seemingly willing to ‘get into bed’ with the tech giant in an attempt to spread the adoption of digital currencies. In an interview with CoinDesk, the twins said they were considering joining the Libra Association, the governing body […]

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Shitposters are using sophisticated Bitcoin satellites to troll each other

Since December, a sophisticated set of satellites has beamed the entire Bitcoin BTC blockchain to Earth to enable use of the network without an internet connection — but cryptocurrency fans are now harnessing its power to viciously troll each other. can your shitcoin do this? https://t.co/Hl9HBipPYL — Blockstream Satellite Transmission Feed (@satnode) July 8, 2019 I can do […]

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‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align

Bitcoin BTC is often called “digital gold,” pitched as an alternative to the real thing. In 2019, the meme is actually real, as the two assets have performed almost identically over the past 30 days. Courtesy of Delphi Digital The chart below shows the year-to-date performance of digital assets grouped by market capitalization size. Notice […]

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US tip-off leads to arrest after man buys child abuse imagery with cryptocurrency in Australia

A Australian man has been charged after authorities linked him to a cryptocurrency account used to buy child exploitation material. An investigation, following a tip off from US authorities in December last year, traced the account back to a 27-year-old man from Sydney.  On Friday, the NSW Joint Anti Child Exploitation Team searched the man’s house and found […]

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Binance hackers suddenly move $8 million worth of stolen Bitcoin

More than $8 million worth of Bitcoin BTC stolen from cryptocurrency exchange Binance has suddenly moved. Earlier today, a combined 707.1 BTC was sent from one of the hacker‘s Bitcoin wallets to a separate pair of addresses. The two transfers, for 706.1 BTC ($8 million) and 1 BTC ($11,384) respectively, were detected by Twitter-based transaction […]

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India isn’t keen on Facebook’s Libra ‘cryptocurrency’

Facebook’s new digital currency Libra has received an early jolt from the Indian government. The authorities in Asia’s third-largest economy are no more keen on the social media giant’s project than any cryptocurrency that came before it. “Design of the Facebook currency has not been fully explained,” India’s Economic Affairs Secretary Subhash Garg told Bloomberg […]

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Here’s why Satoshi Nakamoto set Bitcoin’s supply limit to 21 million

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto built Bitcoin, design choices were made that effectively limits the number of Bitcoins that will ever exist to (roughly) 21 million. A fixed supply limit certainly gives Bitcoin […]

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India addresses cryptocurrency scam wave with new police training course

High-ranking police officers in India will receive cryptocurrency training to help with investigations involving digital currency. The country’s national police academy – the Sardar Vallabhbhai Patel National Police Academy (SVP NPA) – has launched an educational course to help officers gain an understanding of how cryptocurrencies and blockchain technology work. Additionally, officers will learn about the “legal […]

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Moonday Mornings: Bitcoin hash rate pumps while Iran says trading is illegal

Hello and welcome to another Monday and with that, another Moonday Morning – where we take a look at the weekend’s top cryptocurrency and blockchain news. Here’s Hard Fork’s selection of last weekend’s top stories: 1. In a progressive move, Singapore’s tax agency wants to remove goods and services tax (GST) from cryptocurrency transactions that […]

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