Author Archives: creative

Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin

A 33-year old Danish man laundered $450,000 by depositing dirty money in Bitcoin and sending it to exchanges overseas. A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000 in Bitcoin (BTC), tech news agency The Next Web reports April 8. Citing a press release from Danish Police, the report says that the criminal pleaded guilty to laundering 3 million Danish kroner that came from criminal activity. The crypto launderer reportedly exchanged the dirty money in Bitcoin […]

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Tron CEO Justin Sun Donates $1.5 Million to Alibaba Co-Founder Jack Ma’s University

Tron and BitTorrent CEO Justin Sun has donated $1.5 million to the Hupan University established by Alibaba’s co-founder Jack Ma. Tron and BitTorrent CEO Justin Sun has donated $1.5 million to the Hupan University established by Alibaba’s co-founder Jack Ma, according to a press release shared with Cointelegraph on April 8. The Hupan University was launched in 2015 by Ma in a bid to help entrepreneurs and business owners learn core business skills needed for further development and promotion in the Chinese market. Sun’s contribution will purportedly […]

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Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 8

Some indicators show that Bitcoin is heavily overbought, which could point to a downward correction in the near future. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After the recent rally from the lows, one indicator has reached overbought levels last seen in Dec. 2017, according to Bloomberg Intelligence […]

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Bitcoin Billionaire Zhao Dong: Bitcoin Is Likely to Fluctuate Between $4,000 and $6,000 for Half a Year

With bitcoin’s recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of China’s biggest over-the-counter (OTC) traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $4,000 and $6,000 for a few more months. Bitcoin, the largest cryptocurrency by market capitalization, soared 20 percent to break $5,000 for the first time since November on April 2, 2019. The rise […]

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Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series

This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019. The new mining equipment in the 17 series will include the Antminer S17, Antminer S17 Pro and Antminer T17. According to Bitmain, these are the three most advanced BTC and BCH miners under the SHA-256 algorithm. The Antminer S17 comes in two variants, a 56 tera hashes per second (TH/s) […]

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Electrum Faces Another Fake Wallet Attack, Users Reported to Lose Millions of Dollars

Bitcoin wallet Electrum faces another hack that involves fake software versions stealing users’ money. Bitcoin (BTC) wallet service Electrum is facing an ongoing Denial-of-Service (DoS) attack on its servers, the company reported on Twitter on April 7. According to tech news website The Next Web, the new attack has caused users to lose estimatedly millions of dollars to date, with a single person alone reportedly losing about $140,000. The ongoing DoS attack was allegedly launched by a malicious botnet of more than 140,000 machines, and aims to […]

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Bitmain’s New Antminer Specs Show Devices Process Over 50 Terahash

On April 8, the Chinese mining rig manufacturer Bitmain Technologies unveiled the specifications for the company’s latest Antminer 17 series. The firm claims the three new bitcoin miners command a hashrate of over 50 trillion hashes per second (TH/s) which outpaces nearly all top machines today. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’ Bitmain’s Second Generation Antminer 17 Series Packs 50-56 Trillion Hashes per Second Just recently news.Bitcoin.com reported on the two large mining rig manufacturers Bitmain and Canaan revealing […]

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World Economic Forum Releases Report About Blockchain Cybersecurity

The World Economic Forum released a report about blockchain cybersecurity. The World Economic Forum (WEF) released a report about blockchain cybersecurity on April 5. The report points out that most data breaches do not result from the level of skill of the hackers, but instead happen because appropriate security measures often are not implemented. The WEF further claims that while attackers do compromise blockchains themselves, they much more often try to exploit or compromise their deployment. The WEF references the data breach of retail giant Target, which […]

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US Startup Raises $3.5 From Pantera, Others to Launch Decentralized Exchange on LN

Crypto startup Sparkswap completed a $3.5 million seed round to launch a fast and secure decentralized exchange. The United States-based startup Sparkswap has completed a successful seed funding round to create a decentralized exchange based on the Bitcoin (BTC) Lightning Network. A blog post revealed the development on Monday, April 8. According to Sparkswap’s founder Trey Griffith, the company raised $3.5 million from investors including Initialized Capital, Pantera Capital, Foundation Capital and Y Combinator. The startup intends to create a decentralized exchange that will be protected from […]

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Breez Wants to Make the Lightning Network More User Friendly

New announcements around Bitcoin’s Lightning Network have been coming almost nonstop lately, with new exchanges, wallets and other services popping up seemingly every day. Two weeks ago, Zebpay announced its Lightning integration. Last week, Lightning Power Users officially launched and Bitrefill released an improvement to its Thor service. Just this morning, Sparkswap announced the public beta of its Lightning-powered exchange platform. Now, there’s a brand-new wallet coming to market with a focus on ease of use. Today, Breez has announced that its mobile Lightning wallet is available […]

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