Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison

[ad_1] Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping. Also read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M First Case

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

[ad_1] Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB). Also read: Properties Are Still Being

Fidelity Announces Institutional Crypto Platform is in ‘Final Testing’

[ad_1] Fidelity has published an update announcing that its highly anticipated cryptocurrency exchange and custody platform, Fidelity Digital Asset Services (FDAS), has entered its “final testing” phase. The financial services provider also stated that it is exclusively serving a “select set of eligible clients” while developing the platform. Also Read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market Fidelity Highlights Institutional Focus for FDAS The company has emphasized

Bitcoin Approaches $3,500 as Top Cryptos See Mixed Signals

[ad_1] Saturday, Feb. 2: most of the top 20 cryptocurrencies are reporting a mix of slight gains and losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is down under half percent on the day, trading at around $3,489, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about

These Payment Gateways Will Enable Your Business to Accept Cryptocurrency

[ad_1] As more people become interested in the world of cryptocurrency, adoption grows and so does the number of merchants interested in accepting bitcoin payments. Here are some of the easiest methods for integrating bitcoin and other cryptocurrencies into your online business.  Also read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay  Why Your Business Might Want to Accept Bitcoin Charging customers in bitcoin can prove beneficial to a business

My Bank App is Better Than Bitcoin for Payments (And That’s Fine)

[ad_1] The cryptocurrencies are faster and cheaper narrative has fizzled out as banks have embraced digital payments in recent years, improving customer experience and usability. Sure, buying a beer with a QR-code may give you a warm and fuzzy feeling, but it isn’t the problem Bitcoin solves. It is much more than that. Banks Go Digital An all-too-common narrative a few years back was that Bitcoin (and other cryptocurrencies) would
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QuadrigaCX founder takes 126.5 M € to the grave

[ad_1] Canadian news portal The Globe and Mail reported that QuadrigaCX, a Canadian crypto exchange, lost $ 126.5M ($ 190M) worth of cryptocurrencies following the sudden death of its founder and sole director, Gerald Cotten. The troubled stock exchange has filed a claim for bankruptcy protection under the Companies’ Creditor Arangement Act (CCAA) at the Supreme Court in Nova Scotia to avert the threat of bankruptcy. Allegedly you could raise

Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

[ad_1] Bitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the longest bear markets in crypto history. Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency The Real Estate and Crypto Asset Trend Continues in 2019 It’s been one of the

Major UK Public Transport Provider Partners With Crypto Startup for Loyalty Program

[ad_1] Major United Kingdom public transport provider Go-Ahead Group Plc. is partnering with blockchain startup DOVU to introduce a tokenized rewards system for rail customers, TechCrunch reported Feb. 1.Listed on the FTSE 250 — an index of the 101st to 350th largest companies listed on the London Stock Exchange — Go-Ahead provides over one billion rail and bus journeys in the U.K. every year. As well as being the largest

Ethereum Devs Delay ASIC-Resistant PoW Algorithm Decision Until Third-Party Audit

[ad_1] Ethereum (ETH) core developers have delayed the decision to implement Application-Specific Integrated Circuit (ASIC)-resistant proof-of-work (PoW) algorithm ProgPoW. According to an Ethereum core developer meeting on Feb. 1, the team wants to wait until the algorithm is audited by a third party.Ethereum core developer Hudson Jameson declared during the call that “there is a group forming or multiple groups forming to perform an independent audit on ProgPoW.” He explained