By CCN Markets: One day Bitcoin will occupy the same corner of internet nostalgia occupied by Nikola Tesla. So it goes: were it not for Thomas Edison’s superior resources, influence and propaganda, we could all be running our laptops on Mr. Tesla’s free energy right now. Surveying the thunderous hype surrounding Facebook’s foray into the cryptocurrency game, one can’t quite shake the feeling that Mark Zuckerberg is in the process of pulling an Edison. First Facebook, Now Bitcoin The analogies between the story of Facebook’s foundation and that of the upcoming Libra/Facebucks are striking. Call it inspiration, theft, or skilled
By CCN Markets: Litecoin (LTC) entered a positive territory on Wednesday while other top cryptocurrencies trended flat as investors became cautious following the introduction of the Facebook token, Libra. The LTC-to-dollar exchange rate established an intraday high of $ 139.66, up more than 3 percent since the Asian session open. The upside action neutralized the pair’s losses in the past seven days. At the same time, it brought Litecoin’s month-to-date gains to 26 percent, with a market value of approx $ 3.94 billion. Debit Card, Calibra Announcement The surge in the Litecoin price closely followed an announcement by the Litecoin Foundation. The nonprofit
Launched less than two years ago, Tesla’s Model 3 is already proving a major thorn 81-year old automotive giant Toyota. According to Electrek, Tesla is responsible for about 50% of the defection rate that Toyota is experiencing in North America. Among the top five cars that buyers of the Model 3 were trading in last year, Toyota Prius was leading. Per WardsAuto, U.S. sales of the Prius (excluding the subcompact Prius C) declined by 17.7% last year to 79,171 units. At the height of its popularity, over 150,000 units of the Prius used to be sold in the U.S. This
The Winklevoss twins have filed a lawsuit against bitcoin investor Charlie Shrem, alleging that Shrem “stole” 5,000 bitcoins from them in 2012.
According to a recent report released by the New York Times, Charlie Shrem has made several large purchases over the past year, including multiple real estate properties, luxury cars, powerboats and a $ 2 million house.
Cameron and Tyler Winklevoss have since filed a civil suit against Shrem, alleging that these recent purchases were made using bitcoins Shrem stole from the pair in 2012.
Everyone is talking about it, the most popular game at the minute (at least until Red Dead Redemption 2 comes out..) is Fortnite!
Fortnite is always in the news for something or other nowadays. People complain that it causes violence, depression and even divorces! In the UK alone, Fortnite has been the sole reason for 5% of marriages ending according to a report in September.
With the new season of Fortnite upon us, so do a load of new scams.
A senior executive at a Vancouver, British Columbia-based marketing firm allegedly preyed on the ignorance of his employer regarding cryptocurrencies to take off with digital assets worth millions of dollars. In a lawsuit filed by Shair.Com Global Digital Services, the marketing firm accused Jason Arnold, its former chief operating officer, of stealing up to US$ 5.3
The post Canadian Executive Accused of Stealing over US$ 5 Million in Cryptocurrency appeared first on CCN
Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $ 5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.”
20-Year-Old Arrested For Part in Theft of $ 5 Million in Crypto
It has been reported that on the 12th of July, Californian police arrested a college student accused of being part of a group of criminals responsible for the theft of more than $ 5 million in cryptocurrencies.
$ 1.1 billion in cryptocurrency has already been stolen in 2018 — as the malware industry continues to grow and provide less-than-tech-savvy users with the ability to easily and cheaply commit cybercrime. According to cybersecurity company Carbon Black, much of the loss has stemmed from individual’s failure to properly secure their investments.
‘It’s surprising just how easy it is’
The first half of 2018 has already seen nearly $ 1.1 billion stolen from cryptocurrency investors, according to Massachusetts-based cybersecurity company Carbon Black — and, for the criminals, it was too easy.
Carbon Black Security strategist Rick McElroy told CNBC:
Some reports claim that employers steal $ 15 billion from their employees annually by refusing to pay overtime or misclassifying workers. Now, employees are turning the tables and stealing their employers’ computing power to mine bitcoin.
What’s Yours is Mine
Mining bitcoin is a costly endeavor — so why not put those costs on your company’s electric bill?
According to Nicole Eagan, CEO of cybersecurity company Darktrace, that’s exactly what thousands of employees are doing. The number of workers siphoning their employers’ computing power to mine bitcoin is on the rise, she told those in attendance at the Wall Street Journal’s CEO Council event, stating:
If 2017 was the year of the Bitcoin, 2018 could be the year for Ripple. Bitcoin became a household name last year with a meteoric ascent of over 1,600% to a peak of around $ 20,000. What Ripple has done in comparison in the last month alone simply overshadows it.
Ripple’s XRP token has made astronomical gains of 1,350% since the same time last month and is now attracting the attention of mainstream media such as The Wall Street Journal. It has firmly secured the spot of second most popular cryptocurrency by market capacity and is currently worth $ 116 billion, a rise from a paltry $ 200 million in March last year.