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The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in
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New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. To
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Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup.
A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.
Nearly $ 89 million USD worth of Bitcoin (BTC) and other top cryptocurrencies were mostly converted to privacy coin Monero (XMR) at 46 exchanges around the world in order to launder illicit funds, a Wall Street Journal investigation has found. The months-long investigation tracked 2,500 potentially criminal wallets and traced transactions dating back to 2016. These used 46 international and U.S.-based exchanges that concealed the original source of crypto funds, per Sept. 28 report.
Continue reading Bitcoin And Monero Used To Launder $ 89M: Investigation at Crypto Daily™.
Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $ 88 million over the past two years, a Wall Street Journal report alleges. Money Laundering Pervasive in Crypto Trading Industry: Report The Journal’s investigation traced funds from over 2,500 wallets that courts flagged for their involvement in criminal activities. The paper partnered
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Wars have been started and peace agreements signed, all over money-either a lack of it or the desire to control what’s valuable. Now, many people, including government leaders, understand that Bitcoin and cryptocurrency are valuable, and they know this new kind of money isn’t going away. Money underpins power and can answer any desire, legal and illegal. That means that, where there is money in any shape or form, there is money laundering. Bad guys use cryptocurrency the way they’ve used every new innovation, as a way to get an edge over police.
Thieves have fabricated 1 billion EOS based tokens, ironically also named EOS, in order to purchase a number of tokens from Newdex, a decentralised exchange. Since the EOS tokens we’re fake and have no value, the hackers managed to lift around $ 58,000.00 worth of BLACK, IQ and ADD tokens from Newdex. According to The Next Web, Newdex have confirmed the hack in an official statement:
“EOS account oo1122334455 issued 1,000,000,000 fake EOS tokens.
Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful.
A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances. Marred by memories of homelessness and extreme monetary strain, Youssef’s journey to build Paxful was an arduous one.
There’s been much hype this year about how decentralization can disrupt the business of logistics, a huge industry that covers order fulfillment — from transportation, shipping, warehousing, door-to-door delivery and product returns. Blockchain can be one solution.
NEM Foundation, proprietors of top 20 crypto XEM, recently announced that MuleChain, a decentralized peer-to-peer (P2P) logistics startup, will use the NEM blockchain. According to Sept. 4 blog, entrepreneurs can grow their logistics business on the MuleChain decentralized P2P network.
A growing number of start-ups and larger companies have begun to experiment with blockchain’s utility for solving public health crises — like the opioid epidemic in the United States.
Cryptocurrencies have had a testy relationship with some law enforcement figures in the United States, who see popular forms like Bitcoin as a scapegoat for an ongoing opioid crisis.
The infamous Silk Road marketplace, commonly associated with drug sales, accepted Bitcoin for transactions. This put the digital coin under the scrutiny of law enforcement after authorities shuttered the site and arrested the infamous Ross Ulbricht (Dread Pirate Roberts).
The Google Chrome extension for the popular file upload and sharing service MEGA has been compromised by hackers looking to steal login credentials and cryptocurrency keys, according to information from security researchers. The service, which was launched by Kim Dotcom in 2013 after the demise of MegaUpload, has had its Chrome extension removed from the
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A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner.
It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining.
According to Coinjournal:
“Frankfurt-based Northern Bitcoin is the company behind the Lefdal Mine in Norway that is challenging the status quo of Bitcoin mining and redefining it.
It feels like through August, with the start of the football season and of course, the end of the FIFA World Cup, football related news has slipped into the cryptocurrency headlines at a stunning rate. We are seeing an awful lot of examples were cryptocurrency is being used within football, generally for advertisement and sponsorship. According to Forbes though, the crypto sphere has gone one step further into the beautiful game’s territory, after the purchase of Italian Serie C football club, Rimini FC 1912.
Continue reading History Made As Crypto Used To Purchase Football Club at Crypto Daily™.
Police in California have arrested 19-year of Xzavyer Narvaez on suspicion of fraud and grand theft through allegations that Narvaez had been carrying out sim-swapping attacks in order to gain illicit access to people’s Bitcoin. It’s alleged that Narvaez amassed so much Bitcoin, he was able to make purchases of elite luxury items such as an Audi R8 supercar.
The charges against Narvaez account to 7, on the grounds of computer crime, identity fraud and grand theft.
Another instance of blockchain technology entering the Football-sphere today, as reports announce that blockchain technology was successfully trialled during the recent UEFA Super Cup, between the winners of the UEFA Champions League, and the winners of the UEFA Europa League, Real Madrid and Atlético Madrid.
UEFA, or The Union of European Football Associations are the governing body for football in Europe and have announced on their website that tickets to the Super Cup match that where distributed via an Android and iOS app has been done so using blockchain technology, potentially marking a new format for the way European football will be ticketed in the future.
This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The company plans on bringing transparency to the used car market, offering rewards to users who keep their vehicle history up to date. BlocVehicle is developing a platform which … Continued
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This week an individual revealed he had completed the first trustless swap by trading on-chain bitcoin cash (BCH) for off-chain bitcoin core (BTC) using Alex Bosworth’s submarine swap protocol.
Also read: Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent
New York’s Bapple Realty, a boutique brokerage in Manhattan’s SoHo neighbourhood, has announced that it has managed to use blockchain-based smart contracts to split back office earned commissions on deals. The brokerage announced that it now uses smart contracts to receive and then allocate earned broker commissions on leases and sales. The inaugural use of the smart contract was for a split commission on a luxury apartment in Manhattan’s exclusive Soho district. The commission for the Spring Street residence totalled $ 3,400 — and paid in Ethereum tokens.
Russian intelligence officers accused of meddling in the 2016 presidential elections in the US have used bitcoin to finance their campaign, cover the tracks and obscure their identities, a new federal indictment suggests. You can check the details in today’s edition of Bitcoin in Brief. Also in the daily, billionaire Steven Cohen invests in crypto hedge fund, mysterious expert bets that 1 BTC will cost more than the Berkshire Hathaway’s share in five years, and a leading horse-betting platform now accepts BTC and BCH.
Also read: Crypto-Inheritance Service, Taiwanese Stablecoin, Bitcoin Gift Cards
90 percent of Bitcoin Cash holdings are held as investments and never change hands, new research from Chainalysis revealed on June 8.
The findings — which the firm released along with wider insights into Bitcoin’s money supply in 2017-18 — contrast sharply with Bitcoin itself, which has a 50/50 split between investments and transactions.
“It appears that there are far fewer transactional users of bitcoin cash than in bitcoin,” Chainalysis writes. The report continues:
1.5 million bitcoin cash are held for speculation and transactions compared to 7.3 million bitcoin… the ratio of transactional to investment coins in bitcoin is 1:1, while the ratio for bitcoin cash is 1:10.
