Author: Editorial Team

US Sheriffs Welcome $1.7 Million Windfall After Students Plead Guilty to Stealing 5,400 BTC

Two Jacksonville students are facing up to two decades behind bars after pleading guilty to stealing $4 million worth of bitcoin. The pair hacked darknet site Sheep Marketplace in 2013 and made off with 5,400 BTC. Under forfeiture laws, Nassau County Sheriff’s Office will share in a $1.7 million windfall. Also read: US Marshals Plan to Auction $52M Worth of Seized Bitcoins LEA Celebrates Another Bitcoin Bonanza Bitcoin thefts end badly for hackers who don’t cover their tracks, but spell great news for law enforcement. Across the US, federal and state agencies have been treating themselves to new computers and...

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Bitcoin Cash Added to Keepkey Wallet, Exchanges in India and Hong Kong

Bitcoin cash (BCH) adoption by cryptocurrency companies is continuing, offering new options for users. It has now been added by a hardware wallet to its software client as well as by two more exchanges in Asia for trading. Furthermore, over 4,500 merchants in India may soon be able to accept payments in BCH.   Bitcoin Cash on Keepkey Keepkey, the cryptocurrency hardware wallet manufacturer which was acquired by the Shapeshift exchange in August 2017, has announced that bitcoin cash (BCH) is now officially supported by its client. The developer explained that: “Our recent beta client (4.5.11) for BCH was tested...

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South Korean Regulator: In Reality Impossible to Close Cryptocurrency Exchanges

The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. No Authority to Close Exchanges The KFTC is currently investigating 13 major cryptocurrency exchanges for alleged violations of the South Korean Electronic Commerce Law, including Bithumb, Coinone, and Korbit, according to local media. However, KFTC Chairman Kim Sang-Joo said on Wednesday that “the e-commerce law does not have the right to close virtual currency exchanges,” adding...

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Decentralizing the Sharing Economy With Blockchain Technology

San Francisco–based startup Origin is creating a set of protocols that allow developers and businesses to build decentralized marketplaces on the blockchain, with a focus on the sharing economy. The Origin Protocol is a set of open-source blockchain protocols for buyers and sellers of services like car-sharing or home-sharing to transact on a decentralized, open web platform. The protocol’s applications will store transactional data such as pricing and availability directly on the blockchain. Leveraging the Ethereum blockchain and the Interplanetary File System (IPFS), the Origin platform will create and book services and goods in a decentralized way, without traditional...

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New US $65 Million Bitcoin Mining Facility is Among Largest Data Centers in North America

Virginia Beach, Virginia isn’t exactly known as a hotbed of bitcoin mining activity, but that appears to be changing, and soon. A local company has sunk 65 million USD into a giant facility, as the resort town attempts to become a hub for data centers. 65 Million USD Mining Facility is Nearly Completed It almost wasn’t to be. Local firm Bcause, LLC was actually looking to plunk down their 65 million dollars elsewhere. And then its hometown, Virginia Beach, Virginia cut business property taxes for data centers at the end of last year, according to The Virginian-Pilot online newspaper....

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