Bitcoin Thief | Arrested in Thailand with $800M+ USD Of Stolen Bitcoin

Bitcoin thief Sergey Sergeyevich Medvedev, a Russian national and co-founder of Infraud, has been arrested in Bangkok by the Federal Bureau of Investigation (FBI). At his time of arrest, the cybercrime expert had in his possession more than 100,000 Bitcoins. Infraud; a dark-web marketplace, was seized and taken offline by U.S authorities. The website was a one-stop-shop for cybercriminals. Medvedev fled the country to Thailand six years ago but was arrested with the help of Thai authorities on Feb 2nd. Thailand’s Crime Suppression Division (CSD) raided Mr. Medvedev’s apartment with 30 officers and…

Crypto Exchange | Traders Should Take Responsibility for Risk

By now, it is a known fact that the cryptocurrency industry comes with a significant amount of risk. Up until this point, however, the public has called for banks, governments, and exchanges to take more responsibility for all of the risks investors might come across. However, based on an interview posted today with CNBC, it appears that not every crypto exchange agrees with the general masses. What Happened? On Tuesday, the CEO of a popular crypto exchange, kracken.com, stated that crypto traders need to start relying less on the exchanges,…

Coinbase Adds Commerce Button | Game Changer For Crypto’s

Have you ever gone to purchase something on an e-commerce website like eBay (NASDAQ:EBAY) and found the option to pay via the PayPal (NASDAQ:PYPL) commerce button? Well now, Coinbase has rolled out a commerce platform that might be extremely appealing to merchants. This allows merchants to seamlessly integrate cryptocurrency payments into their current platforms. Currently, Coinbase offers payments for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Making it more convenient for cryptocurrency holders to make everyday purchases is a smart move by Coinbase. For now, this new service is…

Regulations Stall The Bull Run

Digital currencies have the potential to make significant sideways moves; an upward swing can create considerable gains in few hours, but the downward swing can wipe billions off in few hours. Cryptocurrencies moved sharply higher in the final quarter of last year before crashing in the first month of this year. Though the coin has breached the resistance level of $9,000 on Saturday, it continues to trade in the range of $8,500 with sideways movement. The range bound trading signals the tug of war between bulls and bears.   Regulators…

JP Morgan Looks Favorably On Crypto’s

The JP Morgan global research team has presented an optimistic outlook for cryptocurrencies in the report, entitled “Decrypting Cryptocurrencies: Technology, Applications, and Challenges.” The bearish outlook from major fund managers and big banks added strongly to the crash of cryptocurrency prices. Chief Executive Jamie Dimon had strongly criticized bitcoin and other digital currencies. Goldman Sachs and Warren Buffett have followed his footprints; warning investors against the cryptocurrency mania for fears of a bad ending. The Upbeat Outlook from JP Morgan’s Research Team However, JP Morgan’s research team has painted a different picture; the…

South Korea Considers Adopting Crypto Exchange Licensi… | News

South Korea is considering adopting an approval system for crypto exchanges based on New York’s BitLicense system, local news outlet BusinessKorea reports. BusinessKorea writes that it is unlikely any final decision will be made until after the June 2018 elections in the country. A government official spoke to them about the option as part of a virtual currency taskforce: “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely [to] benchmark the model [against that] of the State of…

Blockchain Platform to Allow Workers From Low-income C… | News

The proliferation of artificial intelligence  (AI) technologies continues to march onwards as AI becomes a globally established industry. However, these billions of dollars in AI revenue are rarely seen by those working at the lower end of the AI workforce. Dbrain, a new Blockchain platform, allows anyone with a smartphone to carry out AI-related tasks and be rewarded with cryptocurrency. Coins for validating datasets The company points out that 80% of AI development is data related, and labelling and maintaining these datasets require a lot of human effort. By creating…

Coincheck Delivers Report to Japan’s FSA | News

All eyes are on Japanese cryptocurrency exchange Coincheck in the aftermath of what has become the biggest hack in virtual currency history – eclipsing the Mt. Gox hack of 2014. According to Reuters, Coincheck delivered its report to Japan’s Financial Services Agency (FSA) on Tuesday, Feb. 13 on the hack in January which saw more than $500 mln worth of NEM coins stolen from the exchange. On Jan. 26, $534 mln worth of NEM coins were stolen by hackers in a number of transaction from the address. The funds belonged…

News Site Salon Gives Users ‘Choice’ To See Ads Or Min… | News

American news outlet Salon is now offering visitors the bizarre option of either disabling their ad blockers or allowing Salon to access a visitor’s “unused computing power”, a veiled way of apparently asking users to allow Salon to mine cryptocurrency via the user’s computer. Salon frames its request to users around supporting the company, stating in a pop-up on the site “[w]e depend on ads to keep our content free for you”. The site also informs visitors that if users choose to let Salon access their “unused” processing power, said…

Hacked Exchange Coincheck To Be Sued By Traders For Fr… | News

Ten cryptocurrency traders will file a lawsuit at the Tokyo District Court on Thursday, Feb. 15, against crypto exchange Coincheck over the company’s freezing of crypto withdrawals, Reuters reported today, Feb. 13. The Japan-based exchange had frozen all withdrawals after they lost $530 mln in NEM in a hack last month. The plaintiffs’ lawyer, Hiromu Mochizuki, told Reuters that the claim will ask Coincheck to allow the traders to withdraw their crypto into a wallet outside of the exchange, and that a second lawsuit over damages resulting from the hack…