Tag Archives: Bitcoin

'Tell your dad to give us bitcoin’: College student steals $5mn in crypto by hijacking phones

A college student has been arrested for allegedly stealing over $ 5 million in bitcoin by hijacking phone numbers. The 20 year old even used the zombie numbers to send strange messages to his victim’s family. Joel Ortiz from Boston, Massachusetts, along with a group of unnamed associates, hacked the phone numbers of more than 40 cryptocurrency investors and people ...

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Are cryptos back from the dead? Bitcoin jumps above $8,000 for first time since May

The cryptocurrency market has lost momentum in the past number of months, but recent weeks have seen a massive surge in the value of bitcoin and other digital money. Bitcoin was above $ 8,200, surging over 6 percent as of 20:00 GMT Tuesday. Ethereum, ripple, bitcoin cash and the other 10 largest cryptocurrencies were trading at a multi-month. The whole ...

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Bitcoin can cause massive internet shutdown – report

Only supercomputers will be able to process cryptocurrencies in nearest future, and transactions can lead to an internet collapse, according to a recent report by Swiss-based Bank for International Settlements (BIS). “To process the number of digital retail transactions currently handled by selected national retail payment systems, even under optimistic assumptions, the size of the ledger would swell well beyond ...

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Apple founder Steve Wozniak hopes bitcoin will become a single global currency

Tech legend Steve Wozniak says he is attracted to the “purity” of the idea that people around the world could one day share a single currency, despite being separated by national borders. He echoed Twitter CEO Jack Dorsey, who recently said that he believes bitcoin will become the single currency worldwide. “I buy into what Jack Dorsey says, not that ...

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‘Bitcoin fraud’ suspect rejects deal with US, wants to be tried in Russia

Aleksandr Vinnik, the Russian cryptocurrency entrepreneur held in Greece on US charges of fraud, wants to be extradited to Russia to stand trial there. He has rejected conditions offered by US investigators, his lawyer said. Vinnik, a Russian expert in cryptocurrency technologies, is being held in a Thessaloniki jail. Washington accuses him of laundering at least $ 4 billion in ...

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Bitcoin miners are using as much energy as Ireland – study

The process of mining new bitcoin is now so intensive that computers carrying out the process are using nearly as much electricity as the entire country of Ireland. A new study by economist Alex de Vries estimates that bitcoin mining consumes at least 2.55 gigawatts of electricity and, by the end of the year, that will have risen to 7.67 ...

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Bitcoin dwarfs fiat currencies & big bankers – RT’s Keiser Report goes crazy for cryptos

Published time: 26 Apr, 2018 14:50 Edited time: 26 Apr, 2018 14:50 Bankers like JPMorgan CEO Jamie Dimon are being forced to re-think their skepticism about bitcoin as it reshapes the world of finance. Max Keiser and Stacy Herbert call him on it. [embedded content] Let’s block ads! (Why?) RT Business News

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Bitcoin offshoot accused of price pumping as crypto market heats up

The cryptocurrency market is hot again after more than three months of losses. The rally leader is bitcoin cash, which has more than doubled in price in April. The reason for the rise of bitcoin cash is reportedly that one of the largest mining groups, Antpool, has been “burning” the bitcoin cash coins it created to solve the mathematical problems ...

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Stop using student loans to buy bitcoin, wealth manager warns millennials

American financial author and wealth manager David Bach has urged millennials to stop investing money borrowed for education expenses into cryptocurrencies, warning 90 percent of the currencies will be worth nothing in five years. “A lot of millennials are using student loans, believe it or not, to buy cryptocurrency,” Bach told the Street in an interview. “I’ll make a prediction; ...

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Bitcoin perfect example of ‘faddish human behavior’ – Nobel Prize-winning economist Robert Shiller

Nobel laureate Robert Shiller has taken his turn to bash bitcoin, calling the cryptocurrency more of a psychological experiment than a serious investment. “I’m interested in bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with us for a while,” Shiller told CNBC. “To me, it’s interesting as another ...

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