BitCoin Update


Crypto Users Have Begun “Body Hacking” By Receiving Bitcoin Wallet Bio-implants

Crypto Users Have Begun “Body Hacking” By Receiving Bitcoin Wallet Bio-implants

Many crypto enthusiasts have taken the term “early adopters” to new heights as the emerging trend of micro-implants which are programmable as crypto wallets have begun to become popular within the crypto and body hacking communities.However, this phenomenon is hardly new. Body hacking as it has been aptly named dates back as far as 2014 when Martijn Wismeijer aka Mr Bitcoin received his first microchip implant.The tech trend extends beyond that of that crypto community with many users advocating the use of tech implants who also follow the so-called transhumanist movement.It’s all quite Science-Fiction right now as many people as basically interested in augmenting their bodies with tech implants, which would effectively make them cyborgs, albeit a far cry from the cyborgs we’re used to seeing in Hollywood.
Bitcoin Tycoon Who Oversaw Mt. Gox Implosion Gets Suspended Sentence

Bitcoin Tycoon Who Oversaw Mt. Gox Implosion Gets Suspended Sentence

TOKYO — A Tokyo court handed down a two-and-a-half-year prison sentence on Friday to the former head of Mt. Gox, a cryptocurrency exchange that helped establish Bitcoin as a household name before spectacularly imploding amid allegations of mismanagement.Still, Mark Karpelès, the French national who presided over Mt. Gox’s rise to become the world’s largest Bitcoin exchange, will not serve additional time if he remains on good behavior.The verdict ended a more-than-five-year ordeal for Mr. Karpelès, who was found guilty on a charge of falsifying data but innocent of two additional charges of embezzlement and breach of trust. He was arrested in August 2015 and held for almost a year in detention, where he spent months under interrogation by prosecutors who upped the pressure by adding more charges against him.
Forte and Ripple form $100 million fund for mainstream blockchain games

Forte and Ripple form $100 million fund for mainstream blockchain games

Just a couple of weeks after coming out, blockchain gaming startup Forte has announced a big deal with Ripple’s Xpring cryptocurrency platform to invest $100 million in game developers who make games based on blockchain technology.Kevin Chou, who led Kabam in mobile games and Gen.G in esports, announced in February that he had created a blockchain gaming company called Forte. Together with industry veterans such as Brett Seyler, Chou’s company is making a platform for adoption of blockchain technologies for new and existing games.
Binance’s Crypto BNB No Longer Tracks Bitcoin – And That’s a Big Deal

Binance’s Crypto BNB No Longer Tracks Bitcoin – And That’s a Big Deal

Binance Coin (BNB), the crypto asset that can be exchanged for transaction fees on the Binance exchange, is up more than 140 percent year to date and is now deviating from bitcoin’s price trend – a feat not commonly observed in the nascent crypto markets.While the reasons that most cryptocurrencies are highly correlated to bitcoin are not definitive, studies have shown this dependency on bitcoin’s trend has only grown stronger with time. Yet, BNB is proving different.
U.S. prosecutors charge leaders behind OneCoin, a multibillion-dollar crypto pyramid scheme

U.S. prosecutors charge leaders behind OneCoin, a multibillion-dollar crypto pyramid scheme

The Southern District of New York (SDNY) has charged Konstantin Ignatov, Ruja Ignatova, and Mark Scott, for wire fraud, securities fraud, and money laundering. The charges stem from the roles Ignatov, Ignatova, and Scott played in what the SDNY calls “an international pyramid scheme” which involves the marketing of cryptocurrency project OneCoin.OneCoin’s main business model is selling educational cryptocurrency trading packages to its members. Members of OneCoin receive commissions for recruiting others to purchase packages. According to the SDNY, “this multi-level marketing structure appears to have influenced rapid growth of the OneCoin member network,” with OneCoin claiming to have “more than 3 million members worldwide, including victims living and/or working within the Southern District of New York.”
Venezuela launches crypto remittance services using Bitcoin [BTC] and Litecoin [LTC]

Venezuela launches crypto remittance services using Bitcoin [BTC] and Litecoin [LTC]

The Nicolas Maduro-led Venezuelan government announced the launch of cryptocurrency remittance services recently. The remittance, which can be settled by using two crypto assets, Bitcoin [BTC] and Litecoin [LTC], was authorized by the country’s crypto asset regulator, Superintendency of Cryptoassets and Related Activities [Sunacrip] earlier this month.The service on the Remesas platform is designed to enable individuals living abroad to settle payments with recipients in the Bolivarian Republic of Venezuela. The recipient should be of legal age and should also be registered with the Patria platform to receive payments.
Bitcoin Giant Coinbase Drops Hacking Team C-Suite After Public Outcry

Bitcoin Giant Coinbase Drops Hacking Team C-Suite After Public Outcry

What a past couple of weeks it has been for Coinbase. The San Francisco-headquartered added XRP to its Pro and Consumer platforms in rapid succession, and the firm acquired Neutrino, an analytics and research startup.  In a company statement, the now-Neutrino owner, valued at a hefty $8 billion, noted that it participated in this business deal due to the importance of blockchain data in its raison d’etre of creating a global open financial system.
QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

QuadrigaCX mystery deepens after cryptocurrency cold wallets found empty

Following weeks of speculation, QuadrigaCX’s court-appointed auditor has finally revealed the addresses for the struggling cryptocurrency exchange’s offline Bitcoin wallets.According to EY, which published its third report into the investigation on Friday, the cold storage wallets are empty – aside from a transfer of $400,000 worth in Bitcoin which was inadvertently sent last month – meaning $100 million in user funds continues to be unaccounted for.The news comes after the exchange said in January that it owed customers approximately $134 million worth of cryptocurrency.
Mark Zuckerberg is ‘potentially interested’ in putting Facebook login on the blockchain

Mark Zuckerberg is ‘potentially interested’ in putting Facebook login on the blockchain

Facebook CEO Mark Zuckerberg says he’s “potentially interested” in putting the Facebook login on the blockchain as part of a public interview with Harvard Law professor Jonathan Zittrain. In particular, Zuckerberg said the blockchain could give users unique powers when granting data access to third-party apps.Facebook has been investing in its blockchain team that was formed last May, led by David Marcus, who was formerly the VP of Messenger. The aim of the team has been to figure out the best ways to leverage blockchain with Facebook. Earlier this month, the company acquired blockchain firm Chainspace, which works on research and development of smart contracts.
Ethereum Condemns ‘Toxic’ Behavior That Caused Developer’s Abrupt Exit

Ethereum Condemns ‘Toxic’ Behavior That Caused Developer’s Abrupt Exit

In an open letter, tens of prominent Ethereum community leaders have spoken out against the “toxic” behavior prefacing Parity developer Afri Schoedon’s recent resignation. Heartfelt, it references Jameson Lopp, swatted in 2017. Lopp’s case is an “awful example of the intimidation that can be wrought in the midst of very heated debates.”It also lists other examples within the Ethereum community, such as Taylor Monahan’s alleged support for VeChain. Monahan responded to the negativity only to be told:“What?? You can’t just wave off any and all criticism by throwing ‘misogyny’ labels around. Nothing he said was misogynistic in the least, but because you once saw some misogynistic comments in a 4chan thread about you now you lump all your critics together? So childish.”


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