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Tag Archives: bitcoin

Five National Guard Members Charged for Bitcoin Fraud

Recently returned and unsealed indictments accused Five National Guard guardsmen for Bitcoin, credit card, or access device fraud. All four defendants used Bitcoin to purchase stolen debit and credit cards from the internet. Then, according to the indictment, the men encoded blank cards with the stolen ones and made fraudulent purchases at Army and Air Force Exchange Service (AAFES) stores ... Read More »

A Self-replicating Code That Earns You Bitcoin On Autopilot!

  What if a piece of code can replicate itself autonomously and earn you money, in the form of bitcoin, on autopilot? During the development process of TENNET (the Tribler Exit Node Network), a decentralized autonomously operating agent, that is capable of generating money online via providing a Tribler exit node service, was created. Tribler represents a decentralized open source ... Read More »

Bitcoin news roundup, June 25, 2017

This week’s summary of various cryptocurrency news and developments: New developments: SegWit2x, a bitcoin scaling proposal, has been signaled by over 80% of the bitcoin network Back in May, the Digital Currency Group (DCG), one of the industry’s largest investment firms led by Barry Silbert, revealed a new bitcoin scaling proposal. Essentially, a group of 58 companies, representing 83.3 percent ... Read More »

Bitcoin Price Manipulation – Now and Then!

Since its advent in 2009, bitcoin has attracted the support of technology enthusiasts who were appealed to the technical side of bitcoin as a medium of exchange, as well as libertarians and crypto-anarchists who were interested in the decentralized nature of bitcoin that is not controlled by any government or any other form of central authority. On the other side ... Read More »

Bitcoin news roundup, June 18, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitmain announced a UASF contingency plan, the User Activated Hard Fork (UAHF) Bitcoin’s scaling debate is getting harder and harder to follow. A part of the Bitcoin community is to activate the BIP 148 User Activated Soft Fork (UASF) on August 1. The plan is to only accept blocks ... Read More »

Bitcoin and an Imminent Fork – The Aftermaths

Since late 2015, the bitcoin community was stormed by the scalability, or block size, debate. Although several solutions have been proposed during the past couple of years, none has received wide acceptance, while bitcoin’s scalability problem is getting worse each and every day. Right now, the bitcoin community is divided into two camps; a. The camp supporting Bitcoin Core: This ... Read More »

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Bitcoin Price Analysis June 13 2017

The Flippening Bitcoin’s teething problems have not gone unnoticed. This week, Ethereum came closer to surpassing the market cap of Bitcoin. ETH price broke past $300 to an all time high of $400, backed by mainstream media and speculator bids on the flippening. Bitcoin’s scaling deadlock and high transaction fees, have led to doubt amongst investors over its continued dominance ... Read More »

Prison Time for Father and Son Caught Selling Bitcoin

In the Western District of Louisiana—on April 20, 2016—a father and son pleaded guilty to conspiring to operate an unlicensed money servicing business. The son pleaded guilty to an additional charge of conspiracy to distribute. After the courts denied their motion to withdraw their admissions of guilt, U.S. District Judge S. Maurice Hicks Jr. sentenced the two to 46 months ... Read More »

Bitcoin news roundup, June 11, 2017

This week’s summary of various cryptocurrency news and developments: New developments: A CNBC commentator claims Bitcoin could reach $1 million thanks to ransomware CNBC commentator Jim Cramer, on the show “Squawk on the Street”, recently responded to a previously made comment by Business Insider CEO Henry Blodget who said Bitcoin could reach $1 million. According to Cramer Bitcoin could reach ... Read More »

Bitcoin Brain Wallets : Hackers’ Heaven!

Since its launch in 2009, Bitcoin has by far been the most successful cryptocurrency, attracting a considerable magnitude of research during the past few years. Just like every other cryptocurrency, authorization of transfer of bitcoins from an account to the other relies on ECDSA digital signatures. The rising popularity of bitcoin, especially among non-tech savvy individuals and populations who have ... Read More »

Bitcoin, the Dark Web and India

The advent of the internet has made the dreams of many people possible with a few clicks and keystrokes, especially in poorer parts of the world. The internet and digital currencies have opened the door for hundreds of thousands of Indian freelance developers, writers, graphic designers, etc., to make money online throughout the last decade. The emergence of bitcoin created ... Read More »

Bitcoin news roundup June 4, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Ross Ulbricht’s life sentence appeal has been denied Silk Road founder Ross Ulbricht saw his life sentence appeal denied this week by the U.S. District Court of Appeals. Ross Ulbricht’s legal team argued that the IP addresses central to the case were obtained without a warrant and as such, ... Read More »

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Bitcoin Price Analysis for 29th May 2017

Is Bitcoin in a Bubble? Bitcoin was back in the news this week, after another strong rally to a new all time high of $2760 on May 25, 1430 UCT. Bitcoin continues to prove critics wrong and rope in new investors, speculators, news anchors and traditional wall street money. ABC news Australia had a news segment 3 days in a ... Read More »

Bitcoin news roundup May 28, 2017

This week’s summary of various cryptocurrency news and developments: New developments A bitcoin scaling agreement has been reached According to an announcement published by the Digital Currency Group, a bitcoin scaling agreement has finally been reached. The agreement was met by a total of 56 companies that represent 83.28% of the network’s hash power, including several prominent organizations such as ... Read More »

Bitcoin Achieved $2,000, Regardless of WannaCry Ransomware, Change of Image?

Last week, the majority of mainstream media outlets in the US with the exception of CNBC and Bloomberg blamed bitcoin for the global WannaCry ransomware attack and for providing ransomware distributors a financial lifeline, instead of addressing a more important issue that is the development of Microsoft-targeting malware by the National Security Agency (NSA). Although bitcoin is the lifeline for ... Read More »