J.P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highest-earning Americans should be required to pay a top marginal tax rate of 70 percent as proposed by a number of prominent House Democrats. Speaking to CNBC on Wednesday, Dimon said: I believe that individuals earning the most can afford to pay more, and I have no problem paying higher taxes to address
Less Than 1.5 Million People Used dApps in 2018
According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem
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ISIS Recruit who Used Bitcoin to Finance Terror Group Could get 20 Years in Jail
A Pakistani-American woman who bought bitcoin and other cryptocurrencies using fraudulently obtained credit cards before wiring the funds to ISIS has pled guilty to charges of offering financial support to a terrorist organization. According to court filings, Zoobia Shahnaz made a couple of wire transactions last year to fronts for the Islamic terror outfit ISIS
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Should’ve Used Blockchain: VA Unable to Process GI Bill Payments for Veterans
The US government has come a long way in thanking its service members. This country has always had a disability pension for injured veterans, according to a document published by the Department of Veterans Affairs (VA), which is the organization in charge of veterans benefits these days. VA Falls Behind on GI Bill Payments Today, … Continued
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Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams
In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.
Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.
Google's G Suite Twitter Account is Hacked!! pic.twitter.com/JdB7huGksO
— Burton (@B_u_r_t_o_n) November 13, 2018
Target’s Twitter account, which is followed by nearly 2 million users, posted a tweet, confirming the hack which occurred on November 13, 2018. The retailer stated:
Blockchain To Be Used At Shipping Ports
The mobile phone giant Samsung is joining forces with ABN AMRO, a banking firm in the Netherlands to improve logistics processes at the Rotterdam port in the country which has the biggest port in the whole of Europe.
There is a good reason behind this partnership as when shipping containers go out to sea, hundreds of documents have to be filled out. As put by crypto briefing, it takes a book size amount of paperwork to send flowers from Kenya to the Dutch country.
Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz
One of the top markets regulators in the United States said yesterday that he believes smart contract developers should in some instances be held liable when their blockchain applications are used in conjunction with illegal activities. Brian Quintenz, a commissioner at the Commodity Futures Trading Commission (CFTC), made this statement on Monday at the GITEX
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AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’
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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Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement
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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New Zealand PM Used As Pawn In Fake News Site
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.
Bitcoin And Monero Used To Launder $89M: Investigation
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™.
Cryptocurrency Exchanges Have Been Used to Launder $88 Million Since 2016: WSJ
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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Would Al Capone Have Used Cryptocurrency?
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.
1 Billion Fake EOS Tokens Used To Steal $58k From Decentralised Exchange
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.
Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good
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.
NEM Blockchain Used To Disrupt Logistics. Will Amazon, Walmart Care?
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.
Blockchain Being Used to Save Lives Amidst Opioid Epidemic
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).
Hacked MEGA Chrome Extension was Used to Steal Cryptocurrency
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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Mines Now Being Used To Mine… Bitcoin
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.
History Made As Crypto Used To Purchase Football Club
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™.