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Keyword: cryptocurrency

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  • Cryptocurrency and the Coming Global Tyranny

    05/23/2020 1:22:57 PM PDT · by Roman_War_Criminal · 26 replies
    RR ^ | 5/21/20 | Britt Gillette
    As the coronavirus swept across China in early 2020, several news outlets posted stories about the Chinese government laundering money – not in a traditional sense, but in a literal sense. With so many people touching paper currency, China cleaned and disinfected vast amounts. In other parts of the world, where governments haven’t taken similar measures, many are making a personal choice to avoid paper currency because they’re afraid of contracting the coronavirus. This fear of virus-tainted paper money is only the latest event driving the world toward an all-digital financial system. In late March, as state lockdowns led to...
  • Hackers turn supercomputers into cryptocurrency mining rigs

    05/19/2020 12:14:12 AM PDT · by zeestephen · 8 replies ^ | 18 May 2020 | Anthony Spadafora
    Hackers have managed to install cryptocurrency mining malware on multiple supercomputers across Europe that have now had to shut down as they investigate...After reviewing malware samples, the UK-based cybersecurity firm Cado Security believes that the attackers likely gained access to the supercomputer clusters by using compromised SSH credentials. These credentials appear to have been stolen from university staff from Canada, China and Poland who were given access to the supercomputers to run demanding and complex computing jobs.

    04/20/2020 10:28:54 AM PDT · by E. Pluribus Unum · 11 replies ^ | 26.03.2020 | MICROSOFT TECHNOLOGY LICENSING, LLC
    WO2020060606 - CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA Applicants MICROSOFT TECHNOLOGY LICENSING, LLC [US/US]; One Microsoft Way Redmond, Washington 98052-6399, US Inventors ABRAMSON, Dustin; USFU, Derrick; USJOHNSON, Joseph Edwin, JR.; USTitle (EN) CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA (FR) SYSTČME DE CRYPTOMONNAIE UTILISANT DES DONNÉES D'ACTIVITÉ CORPORELLE Abstract (EN) Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system. A server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device...
  • Microsoft not only Funds ID2020 but they also filed a Patent for a Device Connected to the Human Body for Buying & Selling Cryptocurrency

    04/18/2020 6:09:20 AM PDT · by Roman_War_Criminal · 24 replies
    nteb ^ | 4/17/2020 | Geoffrey Grider
    Bill Gates may have legally separated himself from Microsoft, but since both entities are engaged in exactly the same mission, a separation of purpose certainly has not taken place. While Bill Gates has been pounding the pavement, telling people that a global vaccine for everyone on earth will take place within 18 months, his old company Microsoft has created a device that interacts with the pulse, temperature and brain waves of the human body in order to engage in the buying and selling of cryptocurrency. Now let’s see, where else have I seen that talked about before? Oh, right, here...
  • Two Chinese Nationals Charged with Laundering Over $100 Million in Cryptocurrency From Exchange Hack - Forfeiture Complaint Details Over $250 Million Stolen by North Korean Actors

    03/03/2020 3:05:32 PM PST · by ransomnote · 8 replies ^ | March 2, 2020 | DOJ Office of Public Affairs
    Two Chinese nationals were charged with laundering over $100 million worth of cryptocurrency from a hack of a cryptocurrency exchange.  The funds were stolen by North Korean actors in 2018, as detailed in the civil forfeiture complaint also unsealed today.In the two-count indictment unsealed today in the District of Columbia, 田寅寅 aka Tian Yinyin, and 李家东aka Li Jiadong, were charged with money laundering conspiracy and operating an unlicensed money transmitting business.“These defendants allegedly laundered over a hundred million dollars worth of stolen cryptocurrency to obscure transactions for the benefit of actors based in North Korea,” said Assistant Attorney General...
  • Warren Buffett: Cryptocurrency ‘has no value’ – ‘I don’t own any and never will’

    02/24/2020 7:42:19 AM PST · by C19fan · 85 replies
    CNBC ^ | February 24, 2020 | Jessica Bursztynsky
    Berkshire Hathaway CEO and Chairman Warren Buffett on Monday reaffirmed his aversion to cryptocurrencies. “Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a Squawk Box interview. “In terms of value: Zero.” “I don’t have any cryptocurrency and I never will,” he added. Buffett joined CNBC to discuss the markets just days after he released his annual shareholder letter.
  • The Wealth Redistribution Scam that Is "Inflation"

    12/28/2019 8:41:26 AM PST · by Steely eyed killer of the deep · 19 replies
    MISES WIRE ^ | 12/24/2019 | Thorsten Polleit
    Some critical thinking here, the author dissects "inflation" then concludes we need crypto currency
  • Rep. Al Green’s Probe into People’s Sexuality

    11/24/2019 11:21:34 AM PST · by The Houston Courant · 8 replies
    The Houston Courant ^ | November 24, 2019 | K. Schleicher
    Rep. Al Green’s Probe into People’s Sexuality Mark Zuckerberg, the creator and CEO of Facebook, which currently has 2.7 billion users around the world plans to launch a digital currency and payment platform named Libra. The establishment of such a product requires consideration of multifaceted ramifications. The House Financial Services Committee is charged with investigating the potential liabilities Libra may impose on competing digital currency, the U.S. dollar and the global commercial system built around it. Mark Zuckerberg appeared before the House Financial Services Committee in Washington D.C. to respond to questions about the new money. Zuckerberg delivered an opening...
  • Cryptoqueen: How this woman scammed the world, then vanished

    11/24/2019 5:29:33 AM PST · by BenLurkin · 15 replies
    bbc ^ | 11/24/2019
    She told the cheering crowd that OneCoin was on course to become the world's biggest cryptocurrency "for everyone to make payments everywhere". Documents leaked to the BBC show that British people spent almost €30m on OneCoin in the first six months of 2016, €2m of it in a single week - and the rate of investment could have increased after the Wembley extravaganza. Between August 2014 and March 2017 more than €4bn was invested in dozens of countries. … It took McAdam three months to go through it all, but questions were starting to form. She started asking the leaders...
  • Five Endpoint Attacks Your Antivirus Won’t Catch

    11/18/2019 4:16:44 PM PST · by fireman15 · 17 replies
    Harvard University ^ | 11-13-2019 | Harvard Blockchain Lab
    Fileless attacks allow sophisticated hackers to evade antivirus programs and hide inside legitimate applications and operating systems. According to 2019 Endpoint Security Survey, fileless attacks on endpoints are the biggest concern of security experts. In addition, about 53% of organization experience an increase in endpoint security risks. Endpoints are the access point into your data, credentials, environment, and probably your entire organization. Vulnerable endpoints allow attackers to steal data, access your network, and execute ransomware attacks. This article explains how attackers have improved their strategies to bypass traditional antivirus, putting your system at risk. 1. Cryptomining Malware Cryptomining tools convert...
  • Bitmain’s Back: Cryptomining Giant “Fulfils” Promise to Create Facility in Texas (350 jobs)

    10/24/2019 5:02:04 PM PDT · by 2ndDivisionVet · 2 replies
    Crowdfund Insider ^ | October 21, 2019 | Cali Haan
    Rockdale, Texas, a former coal and aluminum producing town hit hard by the exit of those industries. DMG (TSX-V: DMGI), a Canadian firm, will provide hosting and management services for the Texas facility and will work with Bitmain to expand the capacity and to ensure efficient operations of the mining hardware. DMG’s CEO, Dan Reitzik said the selection of his company was a great testament to his team. A communication lapse and apparent delay in the launch of the facility that coincided with a crash in cryptocurrency prices and extensive layoffs at Bitmain had caused concern among Rockdale town officials....
  • The IRS Will Now Ask if You Own Crypto in the Most Widely Used US Tax Form

    10/12/2019 8:02:32 PM PDT · by ameribbean expat · 44 replies
    The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’s long-awaited guidance for reporting crypto-related income, the IRS on Friday circulated a draft of the new Form 1040, Schedule 1, Additional Income and Adjustments to Income. The draft was shared in an email to tax software companies, which the agency also shared with journalists. The sheet, prefaced by a warning that it’s only a draft and not an actual document for filing taxes, asks at the top:...
  • Google researchers have reportedly achieved “quantum supremacy”

    09/21/2019 2:06:43 AM PDT · by Berlin_Freeper · 85 replies ^ | September 20, 2019 | MIT Technology Review
    According to a report in the Financial Times, a team of researchers from Google led by John Martinis have demonstrated quantum supremacy for the first time. This is the point at which a quantum computer is shown to be capable of performing a task that’s beyond the reach of even the most powerful conventional supercomputer. The claim appeared in a paper that was posted on a NASA website, but the publication was then taken down. Google did not respond to a request for comment from MIT Technology Review.
  • Google researchers have reportedly achieved “quantum supremacy”

    09/20/2019 3:20:30 PM PDT · by LibWhacker · 47 replies
    MIT Technology Review ^ | 9/17/19 | Martin Giles
    Google researchers have reportedly achieved “quantum supremacy” The news: According to a report in the Financial Times, a team of researchers from Google led by John Martinis have demonstrated quantum supremacy for the first time. This is the point at which a quantum computer is shown to be capable of performing a task that’s beyond the reach of even the most powerful conventional supercomputer. The claim appeared in a paper that was posted on a NASA website, but the publication was then taken down. Google did not respond to a request for comment from MIT Technology Review.Why NASA? Google struck...
  • The Coming Currency War: Digital Money vs. the Dollar

    09/24/2019 10:17:56 AM PDT · by Enlightened1 · 19 replies
    WSJ ^ | 09/22/19 | Dave Michaels and Paul Vigna
    The future of money might be a digital version of the cash that’s already in people’s wallets—potentially upending the currency system that the world has known for many decades. Such a future, of course, might be a disappointment to many libertarians and tech-savvy investors who are pinning their hopes (and in some cases their money) on private cryptocurrencies such as bitcoin. Instead, central bankers and governments—the entities that cryptocurrencies’ backers hoped to render obsolete—are increasingly warming to the idea of “digitizing” their own national currencies. That is, they would issue money that would exist only virtually, without a paper or...
  • Google’s “Quantum Supremacy” To Render All Cryptocurrency & Military Secrets Breakable

    09/22/2019 9:13:04 AM PDT · by Enlightened1 · 36 replies
    Summit News ^ | 09/21/19 | Paul Joseph Watson
    Google’s announcement that it has achieved “quantum supremacy” with a 53-qubit quantum computer greases the skids for all cryptocurrency and military secrets protected by cryptography to be breakable in a stunning new development that will change the world. The Big Tech corporation’s new quantum processor took a mere 200 seconds to complete a computing task that would normally require 10,000 years on a supercomputer. The 53-qubit quantum computer can break any 53-bit cryptography in seconds, meaning Bitcoin’s 256-bit encryption is vulnerable once Google scales its quantum computing to 256 qubits, something their own scientists say will be possible by 2022....
  • $3B Chinese Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds

    08/15/2019 8:11:19 AM PDT · by SeekAndFind · 11 replies
    Coin Telegraph ^ | 08/15/2019 | By Marie Huillet
    Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame. On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment scheme, dubbed PlusToken. 10 million investors scammed of $3 billion As Wan outlines, PlusToken was created in mid-2018 and promised high yield investment returns at different rebate percentages to its four tiers of member — a classic Ponzi scheme structure. By early 2019, the project claimed to have over...
  • The IRS is warning thousands of cryptocurrency holders to pay their taxes

    07/26/2019 12:29:54 PM PDT · by SeekAndFind · 22 replies
    CNBC ^ | 07/26/2019 | Kate Rooney
    If you own bitcoin or other cryptocurrencies, you might want to check your mailbox. The Internal Revenue Service is in the process of sending letters to U.S. citizens who own virtual currency and potentially failed to pay the necessary taxes and to those who improperly reported taxes on digital assets last year, the agency announced Friday. “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,” IRS Commissioner Chuck Rettig said in a news release. “The IRS is expanding our efforts involving virtual currency, including...
  • Bitcoin price tumbles following Trump’s criticism

    07/15/2019 9:52:30 AM PDT · by xzins · 20 replies
    Fox News ^ | July 15, 2019 | Katherine Lam
    The price of bitcoin tumbled Monday after President Trump Opens a New Window. tweeted Thursday that he was “not a fan” of cryptocurrencies and criticized Facebook’s Opens a New Window. Libra digital currency that’s set to launch next year. Bitcoin price briefly hit below $10,000 just after midnight Monday, a two-week low for the leading digital coin, Coindesk’s data Opens a New Window. showed. The cryptocurrency appeared to rebound slightly to bring it past $10,000 as of Monday morning. It’s unclear what caused the sudden price drop, but it comes just days after Trump took to Twitter to slam cryptocurrencies....
  • House Democrats issue letter to Facebook to halt Libra project (cryptocurrency)

    07/07/2019 2:37:35 PM PDT · by Libloather · 15 replies
    zdnet ^ | 7/03/19 | Campbell Kwan
    Five Democrats, led by Congresswoman and chair of the House Financial Services Committee Maxine Walters, have issued a letter to Facebook requesting that it pause the development of its Libra cryptocurrency project. The letter argued that regulators need to examine the privacy, trading, national security, and monetary policy concerns of Libra products as they "may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival US monetary policy and the dollar". It also argued that Facebook has not provided much information about its plans surrounding the project. "If products and services...