This attack by the FBI was sanctioned through a warrant, but if the malware used in this attack exceeds the legal boundaries of the warrant, the evidence should be deemed unusable. However, the government was not too keen on this idea and succeeded in convincing the federal judge to change his mind. This means the defense attorneys will not be able to thoroughly examine the methods used, and the FBI will get away with whatever they did. http://themerkle.com/judge-decides-fbi-does-not-need-to-reveal-tor-malware-source-code/ |
|
|
|
Unfortunately, it appears as if these political agendas are rearing their ugly heads once again. The Bitcoin Foundation email made a mention of appointing a new Committee Chair and Officer Role, and they want to select a qualified developer as CTO. However, none of the Bitcoin Core devs seems to be doing this job for the glory or fancy titles, and there seems to be little point in appointing them in such a formal manner. So far, it appears both Eric Lombrozo and Gregory Maxwell are considered for this position by the Foundation. https://news.bitcoin.com/peter-todd-voices-concerns-bitcoin-foundation-politics/ |
|
|
|
In total, 1.4 billion yen — or $12.7 million USD — has been withdrawn from over 1,400 ATMs located in convenience stores across Japan. It took the hackers a total of two hours to withdraw all of this money. However, given the scope of this operation, it is believed over 100 individuals were involved in this wave of ATM withdrawals. https://news.bitcoin.com/atm-stolen-credit-cards/ |
|
|
|
This is where the lack of regulation is a shortcoming that needs to be addressed. Albeit there is a case to be made for how policymakers may try to impose too strict regulation which will hinder Bitcoin growth in the country, having no regulation at all is not that favorable either. The Reserve Bank of India is currently examining the issues associated with using Bitcoin under the current legal and regulatory guidelines. http://themerkle.com/discussion-about-bitcoin-regulation-in-india-is-far-from-over/ |
|
|
|
Although there is a lot of discussion regarding illegal activity taking place on the deep web these days, it is also a home for political resistance and rebellion. Consumers and enterprises tend to dismiss any form of technology that is not embraced by a mainstream audience, and both Bitcoin and the deep web seem to be prime examples of that attitude. http://bitcoinist.net/the-torist-is-a-literary-magazine-hosted-on-the-deep-web/ |
|
|
|
Such a poor attitude exhibited by these companies is not the right way to go, especially not when advertising anyone can post an ad to sell just about everything. Gumtree seems to pretend Bitcoin is an illegal payment method, yet it should be up to both the user and seller to deal with Bitcoin or not. http://themerkle.com/gumtree-does-not-see-bitcoin-as-real-money/ |
|
|
|
At its core, Bitcoin is all about granting users full financial control at any given time. For some reason, a lot of these users will store funds in an online wallet or exchange, both of which are fully controlled by a third party. If the company providing this service would shut down all of a sudden, there is no guarantee users will ever see their money again. http://themerkle.com/3-common-ways-bitcoin-users-lose-their-funds/ |
|
|
|
Ever since peer-to-peer lending became available in China – either through traditional finance or Bitcoin companies – the market has grown exponentially over the past few years. At the time of publication, this market is worth between US$20bn and US$40bn. However, this growth also brought some fraudulent offers to the table, which had to be weeded out quickly. http://themerkle.com/chinese-government-wants-stricter-regulation-of-p2p-lending/ |
|
|
|
Thanks to the help of several undisclosed Bitcoin companies – most likely exchange platforms – the Suspicious Activity Review Team was able to identify the destination for these Bitcoin amounts in the form of a deep web marketplace. An undisclosed amount of narcotics was seized during the arrest of this individual, whose name has not been officially disclosed. http://themerkle.com/bitcoin-companies-aid-ny-state-police-in-deep-web-bust/ |
|
|
|
Cryptocurrency enthusiasts will advocate Bitcoin is a direct competitor for the crown of the global financial system, and banks are not showing a keen interest in this concept as of yet. At the same time, the number of consumers and enterprises dealing with cryptocurrency keeps growing on a yearly basis, and the Bitcoin trend can no longer be ignored. https://news.bitcoin.com/small-banks-bitcoin-global-financial-system/ |
|
|
|
So far, over US$1 billion has been invested in Bitcoin infrastructure for Nigeria, which is quite a staggering amount. Startups, payment gateways, and mobile applications all let users manage Bitcoin balances on the go, and there does not seem to be an end to the growth in sight anytime soon. Nor should there be, as consumers and enterprises should be free to do as they like as far as Bitcoin is concerned. http://themerkle.com/nigeria-offers-a-vibrant-bitcoin-ecosystem/ |
|
|
|
The results of this survey were made public on May 19, 2016, and paint a worrisome picture. A lot of cities in The Netherlands indicate they have lost entire archives due to archaic data storage solutions being used in the past. A combination of floppy drives, CD-ROMs, and even tapes has made it impossible to recover and digitize some critical information. https://news.bitcoin.com/blockchain-replace-archaic-archiving/ |
|
|
|
Despite the potential blockchain technology holds, the first-mover advantage may not be the best strategy, in his opinion. There are a significant investment and execution risk associated with embracing distributed ledgers at this stage, however, it is equally unwise to remain behind the adoption curve as well. Businesses have a tough decision to make in this regard, as they seem to walk a fine line between striking it rich and losing everything. https://news.bitcoin.com/larry-tabb-blockchain-no-first-mover-advantage/ |
|
|
|
Keeping in mind how financial services represent close to 10% of Canada’s gross domestic product in 2014, this is an important segment to keep an eye on. At the same time, the Competition Bureau wants to see the effect on the 280,000 jobs in the banking industry. It is not unlikely some of these jobs will be made obsolete, or replaced by different tasks in the future. http://fintechist.com/canada-regulating-fintech-ecosystem/ |
|
|
|
Drug dealers are getting more prolific in ensuring their shipments are not held by customers or postal facilities. Fun Stuff LLC out of Hawaii sent the LSD to Mancini in the form of collector cards, which have a perforated paper in the midst where the substance is stored. All of the shipments were made to Mancini’s dorm room on the ESU premises. http://bitcoinist.net/deep-web-lsd-purchases-with-bitcoin-get-esu-student-arrested/ |
|
|
|
Catapult will be leveraging the best of both worlds, as the development of this new project began in Q1 of 2016. The Catapult code base will be integrated into the NEM open source project, which will help strengthen both blockchain solutions in the long run. Additionally, this will accelerate the growth of NEM, Tech Bureau Corp, and all of their partners at the same time. http://bitcoinist.net/tech-bureau-and-nem-develop-catapult-blockchain-engine/ |
|
|
|
|
Show Posts
