Monthly Archives: November 2019

Crypto Miner Steals $5M Worth of Computing Power Using Identity of Riot Games Founder

Co-founder of Riot Games Marc Merrill had his identity stolen by a Singaporian national who used Merrill’s personal information to illegally access $5 million worth of computing power. The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for crypto mining. A case of stolen identity In a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill, the co-founder of Riot Games,  was the previously anonymous victim of […]

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FBI: Crypto Is A “Significant Problem That Will Get Bigger And Bigger”

Director for the Federal Bureau of Investigation Christopher Wray said that cryptocurrencies present a significant and growing problem for the intelligence agency. Director for the Federal Bureau of Investigation (FBI) Christopher Wray testified before the Senate Homeland Security Committee at a hearing on security threats facing the United States. On Nov. 5, during the hearing before the U.S. Senate Committee On Homeland Security And Governmental Affairs, senators asked leaders from the FBI, Department of Homeland Security and the National Counterterrorism Center questions on topics including counterterrorism efforts, […]

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Ridiculous Crypto Regulations Are an Enemy of Bitcoin

One of the biggest privacy issues in today’s society revolves around the use of overreaching know-your-customer (KYC) and anti-money laundering (AML) laws. Despite the fact that many cryptocurrencies were designed to avoid these invasive practices, KYC and AML guidelines bolstered by political parasites and their followers have perverted the original crypto-anarchist ideologies espoused by the cypherpunks. Also Read: Bitcoin Cash Captured 90% of October’s Crypto Spending in Australia KYC/AML Are the Real Cryptocurrency Scams When people talk about scams in the cryptocurrency industry they usually look at […]

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Pro-Crypto Silvergate Bank Goes Public in Listing on NYSE

Silvergate Capital (NYSE:SI) celebrates its IPO day and launches shares trading on the NYSE on Nov. 7. Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7. Silvergate celebrates IPO day Silvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7. In conjunction with the event, Silvergate is celebrating its initial public offering (IPO) day today, according to the NYSE. The […]

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Indeed: Searches for BTC Jobs Drop 53%, Employer Demand Up 26% in 2019

Indeed reports a major discrepancy between growth rates of job seeker and employer interest in crypto since 2015, with employer demand outpacing employees. Searches for crypto-related jobs have dropped 53%, while the share of job postings in the industry has surged 26% in 2019, new research says. On Nov. 7, Texas-based recruitment platform Indeed.com has published a new research devoted to the analysis and prospects of the job market in blockchain and crypto industry. To deliver the report, Indeed analyzed the percentage change in the share of […]

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FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’

In a recent U.S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern that’s “going to become a bigger and bigger one.” Also Read: Crypto Secularizes Wealth by Returning Power to the People What Mitt Doesn’t Know Might Affect Crypto As more nations begin to experiment with or talk about development of their own central bank digital currencies (CBDCs), […]

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Time For Islamic Law to Face The Bitcoin Question

Islamic finance is well-known as a world full of rules and prohibitions that seem strange and foreign to western scholars. Interest rates, excessive risk-taking, and investments in products deemed unethical such as wine, weapons, and pornography are strictly prohibited. In fact, every potential product to be invested in has to be approved by religious board members of Islamic banks. Bitcoin is no exception. Indeed, the financial climate around investing in Bitcoin is full of shadows in the Islamic world. No fatwa has been issued against the cryptocurrency, yet […]

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At Current Rates, Cash App To Buy 16% of New BTC Supply After Halving

Cash App will be buying 16% of Bitcoin’s new supply after the halving if the firm’s buying appetite doesn’t decrease and the asset’s price increase. Square’s mobile payments application Cash App will be buying 16% of Bitcoin’s (BTC) new supply if the company keeps buying at the same rate after the halfing if the price does not go up. Twitter account dedicated to Bitcoin Rhythm pointed out in a tweet from Nov. 7 that the company’s Bitcoin buying rate will account for 16% of the total new […]

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Preview of Today’s SEC Meeting on Harmonizing Securities Exemptions

Cointelegraph previews U.S. SEC-hosted meetings on streamlining exemptions to registration for securities offerings. Today, the United States Securities and Exchange Commission (SEC) is hosting two meetings of the investor advisory committee. The second of these is scheduled to start at 1:00 PM EST and will deal with the SEC’s earlier request for comment on harmonization of securities exemptions. The trouble with exemptions The current schema of exemptions is overgrown, with the adoption of the Jumpstart Our Business Startups (JOBS) Act of 2012 adding complications that are still […]

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Analysts Laugh Off Recent ‘One-Whale Theory’ of BTC’s 2017 Bull Run

Just a single player or entity was allegedly responsible for Bitcoin’s historic price surge, according to academics… Experts call bluff. Just a single player or entity was allegedly responsible for Bitcoin’s historic price surge, as suggested by a recently updated academic paper titled “Is Bitcoin Really Un-Tethered?” Originally released in the summer of last year, the study claimed that major Bitcoin (BTC) price manipulation occurred in winter 2017, prompting top cryptocurrencies to reach their all-time highs. The Tether (USDT) stablecoin and its issuer Bitfinex played a key […]

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