Category: Hard Fork

Millennials would rather cop Bitcoin than Disney and Netflix stocks


According to a recently published report from investment management firm Charles Schwab, millennials invested more in Bitcoin than they did in the likes of Disney or Netflix over Q3 of this year. The figures come from the quarterly Schwab Report, which benchmarks the activity of retirement plan investors within self-directed brokerage accounts. Schwab’s figures show that millennials (25-39 years old) hold 1.84 percent of their assets in the Grayscale Bitcoin Trust (GBTC). The GBTC is an investment product — from Digital Currency Group — that sells shares in the fund to accredited investors. The fund is managed for investors by…

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Satoshi Nakaboto: ‘Bitcoin is rising again’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Locke used to say: Let’s whip up a knowledge omelette! Bitcoin price We closed the day, December 05 2019, at a price of $7,448. That’s a respectable 2.68 percent increase in 24 hours, or $195. It was the highest closing price in four days. We’re still 62 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended…

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Ugandan cryptocurrency startup promises jobs — steals employees’ money instead


A number of Ugandan citizens have been left in the lurch after being promised jobs at a cryptocurrency startup that’s gone dark. Independent Ugandan newspaper Daily Monitor reports that dozens of people in the Masaka District have been fleeced of their own money and employment after falling for the promises of a bogus cryptocurrency business. According to the report, Dunamiscoins Resources Limited opened in Masaka Town last month and began inviting individuals to invest and become part of its “digital currency network.” However, just a month after opening, Dunamiscoins’ offices have reportedly closed down. A businessman who worked next door…

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‘Godman’ fugitive establishes island nation, plans to use crypto instead of fiat


One of India’s self-proclaimed “godmen” has established his own island nation off the coast of Ecuador, and wants to use cryptocurrency as the basis for its economic policy. Nithyananda, a fugitive on the run over allegations of rape and abduction, yesterday announced he’d founded the Republic of Kailaasa — a supposedly sovereign state that would serve as the world’s “greatest and purest Hindu nation,” The Guardian reports. The republic is described as a “nation without borders created by dispossessed Hindus from around the world who lost the right to practice Hinduism authentically in their own countries.” Three prominent personalities from Ahmedabad, the location…

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Bitcoin-hungry hackers ‘target major US data center firm’ with ransomware


A prominent data center provider in the US has reportedly been hit by the Sodinokibi ransomware, which several months ago earned a hacker $287,000 worth of Bitcoin in just three days. According to ZDNet, CyrusOne is working with law enforcement and forensic firms to analyze the attack. The company is also assisting customers to restore the lost data. CyrusOne is yet to disclose the attack. ZDNet reached out to CyrusOne but says a spokesperson was not available for comment at press time. Sodinokibi: What we know Sodinokibi has been doing the rounds in recent months. Back in June, it attacked at least…

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24 Chinese nationals arrested in Thailand over alleged Bitcoin call center scam


Authorities have busted a call center in Thailand and arrested 24 Chinese nationals for allegedly running a Bitcoin investment scam. Chiang Rai Times, an English language news portal, says the scam has been operating since March this year. Additionally, the portal notes that those arrested were tasked with luring citizens in mainland China to trade Bitcoin using cryptocurrency exchange Huobi Global. According to a statement issued by Thailand‘s Immigration Police, it appears the individuals had their passported confiscated when they arrived at a rented property in Bangkok, though this remains unclear. A loosely translated version of the statement reads: “The monthly…

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Satoshi Nakaboto: ‘Bakkt CEO Kelly Loeffler appointed as US senator’


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As de Beauvoir used to say: If you love yourself, you won’t do drugs! Bitcoin Price We closed the day, December 04 2019, at a price of $7,252. That’s a minor 0.93 percent decline in 24 hours, or -$68.10. It was the lowest closing price in seven days. We’re still 63 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s…

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70 cryptocurrency hedge funds have closed so far this year, investors weary of Bitcoin


If the latest trend continues, it looks like cryptocurrency focused hedge funds could be on the way out. According to specialist researchers, Crypto Fund Research, more than 70 hedge funds specializing in investments into digital asset projects have closed this year, Bloomberg reports. The majority of the closures identified came from North America and Europe, with 28 and 23 respectively. This trend runs contrary to recent research from Fidelity Investments that suggested institutional investments in cryptocurrency were likely to increase over the coming five years. Investors are reportedly nervous about venturing too deep into the cryptocurrency market because of its…

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This new app is leveraging blockchain to help sexual assault survivors


For the ongoing series, Code Word, we’re exploring if — and how — technology can protect individuals against sexual assault and harassment, and how it can help and support survivors. When many think of blockchain, they think of cryptocurrencies. But as one of the most exciting new fields of emerging technology, there’s an incredibly wide array of use cases for blockchain — as well as many empty promises and scams. When it comes to combating the age old problem of how to prevent sexual assault, it’s clear we need to look for new ways to do so. Blockchain’s ability to…

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North Korean hackers may be behind malware distributed by cryptocurrrency trading platform


A new macOS malware packaged by a cryptocurrency trading platform has been uncovered by security researchers. The malware is believed to be the work of notorious North Korean hacking group Lazarus. Security researcher Dinesh Devadoss tweeted their discovery of the malware yesterday. A detailed analysis of the malware can be read here. Another #Lazarus #macOS #trojan md5: 6588d262529dc372c400bef8478c2eechxxps://unioncrypto.vip/ Contains code: Loads Mach-O from memory and execute it / Writes to a file and execute it@patrickwardle @thomasareed pic.twitter.com/Mpru8FHELi — Dinesh_Devadoss (@dineshdina04) December 3, 2019 The malware masquerades as a cryptocurrency arbitrage platform, a service typically used to take advantage of price…

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