James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam

James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam
Source: Bitcoin.com

Amsterdam police have announced the re-arrest of Sindri Thor Stefansson. He was initially arrested days ago in Iceland in connection with a bitcoin hardware mining caper that included 600 computers worth $2 million. In a James Bond-like villain move, after his first capture he managed to escape, reportedly hitching a ride on a plane carrying Iceland’s prime minister. Also read: Bitcoin in Brief Thursday: ICO Scares Investors with Ghost Prank Bond-Like Bitcoin Villain Re-Arrested Mr. Stefansson, after have absconded, wrote to a popular online site to plead his case. “I simply refuse to be in prison of my own free will,” he explained to Frettabladid, “especially when the police threaten to arrest me without explanation. I’m not trying to say that it was the right decision to leave, I really regret it…I didn’t expect an international arrest warrant to be…

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Silicon Valley Firm A16Z to Open A Crypto Hedge Fund Soon

Silicon Valley Firm A16Z to Open A Crypto Hedge Fund Soon
Source: Btcmanager.com

Silicon Valley venture capitalist Andreessen Horowitz (A16Z) is well on its way to start their own cryptocurrency hedge fund. The bold development comes in the wake of subpoenas sent to more than 80 ICOs and crypto-investment firms solely in the United States. Marc Andreessen, one half of A16Z, is amongst the small set of institutional investors showing considerable interest toward the cryptocurrency sector. Andreessen is no stranger to crypto – his firm invested in Coinbase, Chia, and Earn.com – and recently joining crypto-exchanges in the U.S. to appeal against the SEC’s unruly classification of digital assets which presumably impedes development. According to the official A16Z careers page, vacancies at their Menlo Park office include those of a ‘Finance and Operations Manager,’ and ‘Legal Counsel’ specifically for ‘Crypto Assets.’ A16Z is certainly focussing on being fully compliant with regulations, as the…

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EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes

EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes
Source: Bitocoinmagazine.com

EOS is scheduled to migrate from the Ethereum network to its own on June 2, 2018, and a slew of candidates are vying for one of twenty-one supernodes that will support this new mainnet. Since the first week of March, the platform’s Steemit account, EOS Go, has posted weekly reports on the organizations that have submitted themselves for consideration.A mixture of big and little fish, the candidate pool includes upward of 50 different organizations. Some are groups of regional enthusiasts that bear the EOS name next to their home country or city, such as EOS Detroit, EOS Rio and EOS Canada. Others represent blockchain industry movers, such as Bitfinex, Huobi, AntPool, Wancloud and OK Blockchain Capital. As this previous sample suggests, an overwhelming number of candidates competing for the coveted supernodes come from Chinese organizations.Also known as block producers, supernodes…

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TD Ameritrade Put An Actual Ad on the Bitcoin Blockchain

TD Ameritrade Put An Actual Ad on the Bitcoin Blockchain
Source: Coindesk.com

TD Ameritrade planted an ASCII flag – that is to say, imprinted an advertisement – on bitcoin’s blockchain earlier this month. The online broker announced that it sent 68 bitcoin transactions to create a digital flag with its logo on the bitcoin blockchain, in a post published this past weekend. The company used the OP_Return feature in bitcoin’s protocol to insert the characters, creating 68 invalid transactions as a result. Due to the nature of the blockchain, this flag is now forever preserved on the cryptocurrency’s ledger. “We love finding new ways to use emerging technology. So we decided to have a little fun and plant our flag. Okay – technically, we embedded it,” the broker said, adding: “With a part of the blockchain called OP_Return, which functions like the memo space on a check, simple messages and characters can…

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Bitcoin, Ethereum and Blockchain Super Conference II Offers Rare Opportunity to Network with Cryptocurrency and Blockchain Leaders

Source: Btcmanager.com

DALLAS, TX – Richard Jacobs, organizer of the original Bitcoin, Ethereum and Blockchain Super Conference, held in February, is hosting a follow-up conference in September. Like the first conference, the second offers attendees a rare opportunity to network with many of the most respected players in the cryptocurrency and blockchain space – including developers, entrepreneurs, venture capitalists, and “smart money” hedge fund managers who are now piling their capital into blockchain assets. Headline speakers include major industry leaders like Tim Draper (the billionaire venture capitalist who famously bet on Skype before it got big), Mark Yusko (founder of Morgan Creek Capital Management, who manages $4.5 billion), Nick Spanos (founder and CEO of Blockchain Technologies Corp.), and Lyn Ulbricht (CEO at Ross Ulbricht Defense). When asked why he decided to organize a second conference, Jacobs responded: “So much has changed in…

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The Saga Continues: AntPool Burns Bitcoin Cash, Allegedly to Artificially Inflate the Price

The Saga Continues: AntPool Burns Bitcoin Cash, Allegedly to Artificially Inflate the Price
Source: Btcmanager.com

There seems to be no end in sight in the struggle for supremacy between Bitcoin and Bitcoin Cash. The price of bitcoin cash has steadily been on the increase over the past few days, and some critics have ascribed this increase to an underhanded form of “tokenomics.” Antpool Burns BCH for the Community Source: CoinGecko Antpool, one of the biggest mining pools in the Bitcoin Cash network, has been “burning” 12 percent of the network fees found in each Bitcoin Cash block the pool mines. “Coin burning in cryptocurrency refers to the act of sending coins to an address from which it is impossible to ever spend those again because the private keys of that address is perpetually unobtainable. Such an address is called a “black hole.” The reasoning behind Antpool’s move it is to help the Bitcoin Cash ecosystem:…

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Meet Faima: The Friendly Artificial Intelligence Medical Assistance

Meet Faima: The Friendly Artificial Intelligence Medical Assistance
Source: Coinspeaker.com

[embedded content] It is absolutely amazing how far we have come in the sphere of medicine. According to the Delve Health company a new medical article appears every 20 minutes. New methods of health examination, medical tests and researches have provided doctors with an opportunity to diagnose patients better than ever. Getting the needed data is no longer difficult. However, the whole sphere has faced a new problem: the correct diagnose is highly dependent on the qualification and experience of the doctor having an element of luck involved. People make mistakes. Faima is using all the benefits of the artificial intelligence to diagnose diseases and provide users with the best treatment possible. This project is not setting any limits: Faima is available all over the world – and that may become the key to its success. It is needless to…

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LTCUSD Technical Analysis for 04/25/2018 – Countertrend Opportunity

LTCUSD Technical Analysis for 04/25/2018 – Countertrend Opportunity
Source: Livebitcoinnews.com

LTCUSD continues to trend higher as it moved inside an ascending channel pattern and is nearing the top. If resistance holds, price could retreat to support above $150. This coincides with the 100 SMA dynamic support, which is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This signals that the path of least resistance is to the upside, which means that the uptrend is more likely to resume than to reverse. Stochastic is on the move up but dipping into overbought territory to reflect exhaustion among buyers. In that case, sellers could return and lead to a pullback from the climb. A larger correction could last until the 200 SMA dynamic support at $145, which might be the line in the sand in this uptrend. Litecoin Foundation confirmed partnerships with Wirex…

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Angellist: Number of New Crypto Job Listings Doubled in the Last Three Months

Angellist: Number of New Crypto Job Listings Doubled in the Last Three Months
Source: Bitcoin.com

Angellist, a popular website that allows startups to raise money from angel investors, has revealed data about new crypto job listings on its platform. The company details the hiring needs of companies in the crypto space and what jobs are in demand. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Crypto Job Listings Doubled Angellist revealed its new crypto job listing statistics last week. Citing that even though the price of bitcoin has dropped 60% since December of last year, the company wrote: In the last 3 months, the number of new crypto job listings has doubled. Angellist is a U.S. website created in 2010 for startups, angel investors, and job-seekers looking to work at startups. In July 2013, the company partnered with Crunchbase, an online tech company database owned by Techcrunch. Since 2015, the…

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Arizona's Crypto Tax Payments Bill Clears Hurdle

Arizona's Crypto Tax Payments Bill Clears Hurdle
Source: Coindesk.com

A key committee in Arizona’s House of Representatives has given its blessing to a bill that would clear the way for the state to accept cryptocurrencies as payment for taxes. The House Rules Committee voted to approve the measure – which as CoinDesk previously reported has been subject to revision – on Monday, ending what appeared to be a freeze on the bill after the House Ways and Means Committee gave its approval early last month. It now proceeds to the full House for a vote. If approved, the bill would empower the Arizona Department of Revenue to collect taxes in the form of cryptocurrency – and make the state the first in the U.S. to officially accept a cryptocurrency as payment. While an old version of the bill named bitcoin, the new version is more “agnostic” toward which coins might…

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The Genesis Files: How David Chaum’s eCash Spawned a Cypherpunk Dream

The Genesis Files: How David Chaum’s eCash Spawned a Cypherpunk Dream
Source: Bitocoinmagazine.com

“You can pay for access to a database, buy software or a newsletter by email, play a computer game over the net, receive $5 owed you by a friend, or just order a pizza. The possibilities are truly unlimited.”This quote is not from a 2011 Bitcoin introduction video. In fact, the quote is not about Bitcoin at all. It is not even from this millennium. The quote is from cryptographer Dr. David Chaum, speaking at the first ever CERN conference in Geneva in 1994. What he’s talking about is eCash.If the cypherpunk movement has a godfather, the bearded, ponytailed Chaum is it. To say that the cryptographer — now 62 or 63 years old (he won’t reveal his exact age) — was ahead of the curve is an understatement. Before most people had heard of the internet, before most homes…

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Promoted: Invictus Blazes New Path to Crypto Investing

Promoted:  Invictus Blazes New Path to Crypto Investing
Source: Bitocoinmagazine.com

As digital asset markets face increased volatility and turbulence, managing a portfolio of cryptocurrencies can be an overwhelming endeavor, even for the savviest of investors.Ill-equipped with the time, energy and knowledge needed to successfully navigate today’s sea of new investment opportunities, this investor group can find themselves exposed to extreme vulnerabilities and traps in their early stage investment efforts.A key attribute of blockchain technology and its power to create distributed immutable ledgers is its ability to track assets and currency. This signals a groundbreaking shift from today’s prevailing operational model, one that has the potential to alter the trajectory of how investors engage with the traditional finance sector.Mirroring the flourishing success of CRYPTO20, the world’s first tokenized cryptocurrency index fund, comes the unveiling of the umbrella brand Invictus Capital, a global enterprise seeking to offer a fresh approach to the…

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Mutual Fund Giant Bars Employees from Investing in ICOs

Mutual Fund Giant Bars Employees from Investing in ICOs
Source: Coindesk.com

Capital Group, an 87-year-old financial services company with $1.7 trillion in assets under management, has barred its associates from investing in initial coin offerings (ICOs). The firm outlined the policy in an updated code of ethics that was filed with the Securities and Exchange Commission (SEC) on April 19. Capital Group’s website includes a previous version of the document, which is dated October 2016 and does not include any mention of ICOs. The updated code of ethics reads: “All associates and immediate family members residing in the same household may not participate in IPOs or ICOs.” It goes on to explain that investing in initial public offerings (IPOs) may be acceptable under certain circumstances, but does not provide exceptions for investing in ICOs. In a separate section, the document says, “The following transactions are prohibited: […] Initial Coin Offering (ICO) investments…

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Amazon to Enter the World’s Cryptocurrency Market by Implementing Blockchain

Amazon to Enter the World’s Cryptocurrency Market by Implementing Blockchain
Source: Coinidol.com

Apr 24, 2018 at 16:44 // News Amazon has become one of the recent well-known companies to join the blockchain technology area. On April 19, the electronic commerce giant introduced AWS Blockchain Templates in a blog post. It aims at simplifying the process of creating blockchain-based projects.   The Amazon’s blog post states: “With AWS Blockchain Templates, you can deploy Ethereum and Hyperledger Fabric frameworks using managed and certified AWS CloudFormation templates. AWS Blockchain Templates allow you to focus on building your blockchain applications instead of spending time and energy on manual setup of your blockchain network.” Launched on Thursday, the initiative offers customers pre-set patterns consisting of two versions of blockchain: Ethereum and the Linux Foundation’s Hyperledger Fabric. How It Works Each user can choose a platform where to place his framework. It can be an Amazon Elastic Container Service…

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Police Arrest Icelandic Big Bitcoin Heist Fugitive in Amsterdam

Police Arrest Icelandic Big Bitcoin Heist Fugitive in Amsterdam
Source: Livebitcoinnews.com

Amsterdam police have confirmed that they have arrested an Icelandic fugitive alleged to have masterminded the theft of 600 bitcoin mining computers worth around $2 million. Dutch police said that Sindri Thor Stefansson was arrested downtown in Amsterdam on Sunday evening, reports the Associated Press. They declined to provide further details regarding the situation. Stefansson made headlines last week when he fled Sogn, a low-security prison, before boarding a flight to Sweden, the same plane which had Iceland’s prime minister, Katrín Jakobsdóttir, on board. Dubbed the ‘Big Bitcoin Heist,’ in February Stefansson was arrested for his involvement in the theft of the mining computers. He was among 11 people arrested for allegedly stealing them in a number of burglaries that took place in December and January. The missing servers have yet to be recovered. Following Stefansson’s arrest he was transferred to the low-security…

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Tiny San Marino Has Big Plans to Become a Top Blockchain Hub

Tiny San Marino Has Big Plans to Become a Top Blockchain Hub
Source: Bitocoinmagazine.com

The Republic of San Marino, a tiny microstate entirely surrounded by Italy, unveiled ambitious plans to become one of the world’s leading blockchain hubs.San Marino Innovation, the Republic’s innovation arm, has confirmed the creation of a joint venture with Estonian-based blockchain technology developer Polybius. With the partnership, San Marino wants to develop the infrastructure, the regulations and the technical expertise to become a blockchain powerhouse. The partnership, which has been set up in collaboration with Olympus Advisors, a consulting firm based in San Marino, provides for the incorporation of a new company under San Marino law aimed at developing a blockchain ecosystem.“We are the world’s oldest Republic and we are proud to begin a transformation led by technology,” said San Marino’s Secretary of State for Economic Development Andrea Zafferani. “We believe this partnership will have an significant impact on the…

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Thomson Reuters Survey Finds Increasing Interest in Cryptocurrency Trading

Thomson Reuters Survey Finds Increasing Interest in Cryptocurrency Trading
Source: Bitocoinmagazine.com

Cryptocurrency trading by financial firms could increase in 2018, according to a new Thomson Reuters survey, with approximately 20 percent indicating they are considering trading cryptocurrency over the next 3–12 months. The survey was conducted among more than 400 clients across all of Thomson Reuters trading solutions, including Eikon and REDI, as well as its FX platforms.“Cryptocurrency is still a relatively small part of the trading market, but this survey makes clear this niche segment is starting to enter the mainstream of the financial services industry. This is a major change from a year ago,” said Neill Penney, co-head of Trading at Thomson Reuters, in a statement. “The most important thing for our clients is seamless access to news and data around cryptocurrencies to facilitate informed trading decisions.”News and information provider Thomson Reuters, whose shares are listed on the Toronto…

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Iceland's 'Big Bitcoin Heist' Suspect Has Been Arrested

Iceland's 'Big Bitcoin Heist' Suspect Has Been Arrested
Source: Coindesk.com

Iceland’s now-infamous bitcoin miner thief has reportedly been arrested. A Dutch police spokesperson confirmed that Sindri Thor Stefansson – who is accused of masterminding the theft of $2 million worth of mining hardware in what’s being called the “Big Bitcoin Heist” – was arrested in the Amsterdam on Sunday night. Prosecutors are now looking to extradite him back to Iceland, the News Observer reported. Stefansson walked out of a low-security prison and traveled to Sweden last week, as previously reported. In a letter sent to Icelandic news organization Frettabladid, he claimed he was held “for two and a half months … without evidence,” and kept in isolation during his imprisonment. After his order of detention expired, he left the prison and took a taxi to the airport. “I simply refuse to be in prison of my own will, especially when…

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