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Strange Antennas Used For A Secret Crypto Mining Activity Are Sprouting In Utah’s Hills

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Strange antennas have been spotted cropping from the hills of Salt Lake City in Utah, that seem to be linked to a crypto mining company.

According to KSLTV-5, the antennas appeared a year ago and authorities still have no idea who is leaving them on the hills.

The unit consists of a solar panel, a battery box, and an antenna, the city’s recreational trail manager, Tyler Fonarow, said. 

Helium And Its Connections With The Strange Antennas 

Michael Locklear, a reporter for KSLTV-5, tweeted the photos of the units and the crypto community decided to put their detective hats on to find out what is going on.   Read more...

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Will Bitcoin Be Used By The Entire World?

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Worldwide adoption of bitcoin could mean smoother, more equitable trade and more financial access for those currently excluded.

This is an opinion editorial by Nesrine Aissani, cofounder of the Zonebitcoin blog. 

I was born in the ‘80s in an African country that had a so-called “non-convertible” currency. I think that forever marked my way of thinking about “currency” and I felt that was an injustice. This also became more and more evident when I discovered Bitcoin and when I used it as a medium of exchange.

Here, I will try to explain what I mean.  Read more...

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New Report Shows FTX Used Customer’s Crypto Funds To Support Almeda Research

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While the flames of the FTX crash burn the crypto market, people are coming up with different claims explaining why the crypto exchange’s demise. In a market driven by claims, rumors, and speculations, such reports could engineer a further crash. But, on the other hand, it may also shed light on the ongoing investigation.

The latest claim from Reuters alleged that FTX used customers’ funds to pull out Alameda Research from insolvency. The report also addressed Binance’s withdrawal from the FTX acquisition as a failed attempt to save crypto.

New Report Shows FTX Used Customer's Funds To Support Almeda Research  Read more...

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River Financial Releases New Lightning Integration Currently Used By El Salvador

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River’s Lightning service is the backbone for Chivo Wallet in El Salvador and removes the need for developers to have their own Lightning infrastructure.

  • River Financial launches a new Lightning Network product for businesses and institutions.
  • RLS has been the backend service provider of El Salvador’s Chivo Wallet for over a year.
  • River has other well-known customers in the works to be onboarded to the Lightning Network.

River Financial, a fintech company focused on Bitcoin services, has released River Lightning Services (RLS), a Lightning Network integration to help businesses, and institutions leverage the network, per a release sent to Bitcoin Magazine.  Read more...

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Visit The Guatemalan Lake Town Mining Bitcoin With Used Cooking Oil

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Inspired by El Salvador’s Bitcoin Beach, a town in Guatemala is focused on cleaning its lake by diverting used cooking oil to bitcoin miners.

A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path outside of the government-controlled economy.

Patrick Melder, MD, founder of the circular economy coined “Bitcoin Lake,” told Bitcoin Magazine that its “Kaboom” bitcoin mining project is the result of a desire to help clean nearby Lake Atitlán while providing a source of continuous income to the community.  Read more...

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Ukraine Blocks Crypto Wallets Used To Fund Russia Invasion

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Ukraine government has seized and blocked the crypto wallets which were affiliated to raising funds for Russian military campaign. According to Security Service of Ukraine, a lot of foreign crypto companies helped Ukraine seize the funds.

The agency at the moment is tracking the funds and also transferring them under the Ukrainian jurisdiction. It has been reported that a Russian resident had been raising these funds back to Russian forced which were invading Ukraine.

Security Service of Ukraine has used a specific mechanism to seize and block these funds in the wallet.  Read more...

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These Robot Dogs Can Dig Up Lost Bitcoin – And Be Used As Killing Machines

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Bitcoins are like gold. They are precious and must be kept safe at all times. But, this man from Wales realized that too late.

James Howells, who made news after losing 8,000 bitcoins on a hard drive he discarded in a local landfill nine years ago, has a cunning plan to retrieve his cryptocurrency.

But first, let’s do a quick conversion: As of this writing, Bitcoin is trading at $ 21,088 (down nearly 6% in the last seven days). At 8,000 units, Howells could be $ 170 million richer — if he does get those bitcoins back.  Read more...

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Samsung To Begin Production of 3nm Chips Which Could Be Used For Mining Bitcoin: Report

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Samsung is reportedly trialing the production of 3nm foundry processing for chips enabling bitcoin miners to operate faster and with less power consumption.

  • Samsung is reportedly in a trial production stage for 3nm foundry processing which could be used for mining bitcoin.
  • The first customer will be PanSemi, a Chinese ASIC manufacturer and Qualcomm may also take part in the future.
  • 3nm foundry processing can enable chips to have reduced power consumption, increased speed, and higher quantities of transistors.

Samsung will reportedly start trial production this week of three nanometer (3nm) chips for application-specific integrated circuits (ASICs) – the most efficient machines for mining bitcoin.  Read more...

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

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The Myth of Authority - Steven Mnuchin Claims Nefarious Activities Not 'Successfully Done' With Cash

U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic imcompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized regulation and the concept of authority itself.

Also read: Deutsche Bank Collapse Could Crash Global Financial Markets  Read more...

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What Are Dollars Used for, President Trump? – The Gun Money Known as USD

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What Are US Dollars Used For, President Trump? - The Gun Money Known as USD

Donald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in the world. As empirical evidence goes, however, it’s USD that’s really in need of moral and economic scrutiny.

Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency  Read more...

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Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme

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Authorities at the Pasco County jail in Florida recently caught inmates in an elaborate money laundering scheme involving Bitcoin and the dark web. Florida Inmates Find The Best Money Laundering Counterparty: The Government The scheme reportedly involved buying stolen credit card information on the dark web with Bitcoin. Then, using the stolen cards to fund […]

The post Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme appeared first on CCN Markets

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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

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White House

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims.

The culmination of a two-year investigation, the “Report On The Investigation Into Russian Interference In The 2016 Presidential Election” details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign colluded with Russia to hamper Hillary Clinton’s 2016 run for the presidency. United States Attorney General William Barr claimed in late March that the investigation found no evidence of such collusion, and the U.S. Department of Justice (DOJ) released a redacted version of the full report on April 18, 2019.  Read more...

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So Far, Only Two Businesses in Ohio Have Used Bitcoin to Pay Taxes

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According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.

Speaking at a forum organized by the Ohio State Associated Press on February 19, 2019,Robert Sprague fielded questions about the department’s experiences with the newly launched bitcoin payment option for taxes, which was set up by his predecessor Josh Mandel in December 2018. Sprague, who assumed his position a little over a month ago, states that the country has received only two tax payments so far on the state’s official crypto payment platform, OhioCrypto.com  Read more...

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Jamie Dimon: ‘I Have No Problem Paying Higher Taxes’, If They’re Used Wisely

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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  Read more...

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Less Than 1.5 Million People Used dApps in 2018

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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

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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

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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

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Twitter 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.

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:  Read more...

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Blockchain To Be Used At Shipping Ports

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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.  Read more...

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Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz

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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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