Suspicious Bithumb hack connected to Bitblender Dark Web Service

  June 20, 2018 – Diego Garcia, British Indian Ocean Territory (BIOT): Attorney Jonathan Levy predicts the $32 million in cryptocurrency reported hacked from Bithumb Exchange was laundered through Bitblender.io.      Bitblender.io boasts it is the “#1 Bitcoin Mixer on the Darknet.” Bitblender claims to use smart technology to erase Bitcoin history and make transactions 100% anonymous in effect laundering Bitcoins.  It is even possible as some allege that the hack was an inside job by Bithumb to generate funds or to avoid taxes. The funds, therefore, were likely recycled through…

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Bithumb hack emphasizes need for Security in Crypto Industry

Korean Crypto Exchange Bithumb lost more than $30 million in the most recent crypto hack, further emphasizing the need for security in the industry. With blockchain technologies, the repercussions of a hack are much greater than in traditional technology.  Bloomberg reported that Exchanges are a juicy target for hackers, with more than a billion dollars worth of cryptocurrency being stolen.     In response to the latest hack, industry leaders highlight the importance to build confidence in the industry, follow best practice, implement a regulatory framework as well as decentralise…

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Hack the DAO: Blockchain Startup Daox to Announce a $100K Hacking Contest

  Daox, a blockchain startup that is developing a platform and ecosystem for ICOs based on the concept of a decentralized autonomous organization, has announced the $100k hacking contest to prove that their DAOs are safe.     According to the rules, participants should either find a way to completely freeze or steal the funds that reside on a DAO’s Ethereum smart contract. The first person to complete the objective would be unconditionally rewarded with a $100k prize in bitcoins and get an offer to join their team.   The…

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Joon Ian Wong Joins CoinDesk as Managing Director for Europe and Asia

  Wong returns to CoinDesk to lead its international expansion   New York, NY – June 12, 2018 – CoinDesk, Inc, the leading digital media, events, and information services company for the crypto and blockchain community has announced that Joon Ian Wong will be rejoining the company as its Managing Director for Europe and Asia. Wong joins CoinDesk from Quartz, where he specialized in covering cryptocurrencies and blockchain technology.     CoinDesk CEO Kevin Worth said “It’s been incredible to see Joon’s ascent since he first helped launch the Consensus…

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Essential Tools for the Crypto / Bitcoin Trader

In search of the Crypto Moon More than 800 currencies and 5000 exchanges makes the crypto trading world a minefield for the new and even the experienced trader. In this article we aim to give you a handy reference guide of resources that will help you to navigate these treacherous waters.   Information: Information is the chief currency of the trader without quality information a trader does not have anything to work with and the right information that the right time can make a trader a fortune. There is a…

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ID chain develops blockchain system for banking account onboarding operations

  ID Chain: Establish an Efficient Verification Method with the Identity Authentication of Blockchain Technology.  LOS ANGELES, May 14, 2018 /PRNewswire/ As the world is concerned by the recent Facebook scandal, which hit 87 million users, people ask how safe their personal information is in the digital age.     Well, not so much.   What’s even worse is – identity fraud is on the rise.  According to statistics of Javelin Strategy & Research, a research-based advisory organization, “In 2017, there were 16.7 million victims of identity fraud, a record high…

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The Cryptolife of Max Keiser

  Timothy Maxwell “Max” Keiser is an American broadcaster and filmmaker. He hosts Keiser Report, a financial program broadcast on Russian state media channel RT.   The Keiser Report is a financial news and analysis show on RT UK and the Russian state RT network, hosted by Max Keiser and his wife Stacy Herbert. The show started in September 2009 and they produce three new shows every week. The couple also host the weekly economics programme Double Down on Radio Sputnik   Back in 1999, co-founders and creators Max Keiser…

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Bitcoin News Review – 3 May 2018

Here is a round-up of the digital economy news for the day:-   Goldman Sachs Says Bitcoin ‘Is Not A Fraud’, Plans Trading   Crypto Exchange Bitgrail Opens For Three Hours Before Legally Forced Shutdown Bitgrail posted a statement on its website later that day in order to explain the reason for the abrupt shutdown, which they “don’t agree with”: “This morning, following the re-opening, we were notified of a deed by the court of Florence requesting the immediate closure of BitGrail and this situation will persist until a decision…

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The Cryptolife of Kim Dotcom

  Kim Dotcom (born Kim Schmitz) must be one of the most interesting characters in our crypto world.     Dotcom is a German-Finnish Internet entrepreneur and political activist who resides in Queenstown, New Zealand. the founder of now-defunct file hosting service Megaupload.   In Germany, he rose to fame as a teenage hacker but his real fame started when, since the closure of Megaupload, he has been accused of criminal copyright infringement and other charges, such as money laundering, racketeering and wire fraud, by the U.S. Department of Justice.…

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