Month: February 2018

Bill Gates Says Crypto Has Caused Deaths in a Fairly Direct Way

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One of the world’s most affluent persons, Bill Gates, appears to have bought in to the rhetoric of popular media and government law enforcement accounts. Recently, Mr. Gates and his wife submitted to a Reddit Ask-Me-Anything (AMA), and Mr. Gates’ gave some unusual views on cryptocurrency.   Also read: How To Regain Control From Nanny Zuck Bill Gates Was Once Pro Crypto The popular social media billboard platform, Reddit, is famous for its innovative feature, Ask-Me-Anything (AMA). It’s a freewheeling, open (mostly) question and response thread placing constituents or fans in…

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Malaysian Police Arrest Gang of Bitcoin Mining Equipment Thieves

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Police in Malaysia have arrested 9 individuals that were involved in the theft of Bitcoin mining machines, amounting to over $250,000 USD. Those that engage in the world of cryptocurrency have increasingly become the targets of criminals. The usual case of criminal mischief is of a person buying or selling virtual currency being robbed of the cash they’re carrying. Now it appears that Bitcoin mining equipment is no longer safe. Police in Malaysia have just arrested 9 people who were involved in the organized stealing of such equipment. A Lot…

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British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money

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A UK man living in Amsterdam is facing up to five years in prison for allegedly helping people by exchanging fiat cash for bitcoin which was used to buy drugs. He supposedly started by growing cannabis himself but soon found the bitcoin business to be more profitable by itself.   Also Read: US Navy Investigators Bust Bitcoin Drug Ring at Naval Academy Amsterdam Bitcoin Mule The Dutch Public Prosecutor has demanded that the court give a 38-year-old British man five years in prison for allegedly laundering about €11.5 million in…

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Swiss Stock Exchange Chairman Advocates National Cryptocurrency

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The chairman of Switzerland’s stock exchange, Romeo Lacher, has spoken in favor of developing a Swiss national cryptocurrency. Mr. Lacher suggested that the proposed “e-franc” would provide a boost to the Swiss economy, in addition to comprising a payment system offering benefits over traditional systems. Also Read: Chinese Entrepreneur Warns Against Mining and ICO Bans  Swiss Stock Exchange Head Advocates Development of “E-Franc” Robert Lacher, the head of Switzerland’s stock exchange, has spoken in favor of the development of a Swiss national cryptocurrency backed by the country’s central bank. Mr. Lacher…

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Embattled Rabobank Unveils ‘Cryptocurrency Wallet’ in a Major U-Turn

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The Dutch bank, which was fined $369 million for money laundering after calling Bitcoin “risky,” now plans to offer a cryptocurrency wallet. Rabobank: Store You Crypto With ‘Trusted’ Bank Hosts In what would represent a curious U-turn in its perspective on Bitcoin, Rabobank has launched a dedicated website for a project called “Rabobit.” Part of its internal kickstarter program dubbed “Moonshot,” the “integrated cryptocurrency wallet” offers customers the chance to “store your cryptocurrencies in a wallet hosted by a trusted party and within the secure online banking environment.” Rabobank hit…

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Forking Today; Bittrex’ Stance on Bitcoin Private Angers Zclassic Bagholders

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In less than six hours, zclassic will fork to create bitcoin private, a new privacy-oriented coin that uses zk-snarks to obfuscate transactions. Holders of bitcoin and zclassic will both be eligible to receive bitcoin private (BTCP) on a 1:1 basis. There’s just one problem: 93% of all zlcassic (ZCL) is on Bittrex exchange, which until today had neglected to pass comment on whether it would support the fork. As the price of ZCL has dropped sharply, bagholders have expressed their anger at Bittrex’ slowness to act. Also read: Bitcoin Private Fork…

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PR: Brahma OS Is the Decentralized Value Operating System Based on Revolutionary Blockchain Technology

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. SINGAPORE – The advent of blockchain technology is provoking a revolution of the Internet of Value. In the blockchain world, Ethereum, NEO, EOS and other blockchain-based computing platforms exploit land to run applications. On this land, a variety of application chain of different functions spring…

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Scammers Are Ruining Crypto Twitter and Twitter Is to Blame

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You’ve heard of the scheme, seen the tweets, and been smart enough not to send cryptocurrency in the promise of receiving more back. The Twitter crypto scam, in which fraudsters impersonate the accounts of exchanges and influencers, is as simple as it is pernicious. While the odds of anyone falling for these scams is remote, they’re spoiling crypto Twitter for everyone – and Twitter is to blame. Also read: If You’ve Been Scammed Out of Cryptocurrency It’s Probably Your Fault Did You Hear the One About the Special Giveaway? “Big news…

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5 Things to Know About Crypto, Courtesy of Rapper Nipsey Hussle

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50 Cent may not be a Bitcoin millionaire after all, but Ermias Asghedom — better known by his rap moniker Nipsey Hussle — certainly knows what’s good with cryptocurrency and blockchain technology. The rapper from Los Angeles invested in Bitcoin back in 2013 and owns an ownership stake in Amsterdam-based crypto company Follow Coin. Last month, Asghedom shared his wisdom with XXL. Here’s what you need to know. Mainstream Adoption Is on the Way If you think cryptocurrencies are valuable now — with Bitcoin currently pushing $10K at press time — just wait…

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Craig “Satoshi” Wright Sued for Billions

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Forget the debate about whether bitcoin is a store of value or a currency. What everyone can agree upon is that it is a store of drama. And where there is drama in bitcoin over the last couple of years, Australian computer guru Craig Wright is often in the thick of it. Filed on Valentine’s Day and released yesterday, Mr. Wright is being sued for upwards of 5 billion dollars by the estate of his former business partner, now deceased David Kleiman. At issue are hundreds of thousands of bitcoin,…

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