US Charges Dutch National With Running Crypto-Funded Child Porn Site

U.S. prosecutors indicated a Dutch national Thursday for allegedly spearheading a rape and child pornography website that’s made over $1.6 million worth of bitcoin selling videos since 2012. Known as “Michael R.M.,” and “Mr. Dark,” the man allegedly ran a site called “DarkScandals” that operated on the darknet, which requires special software to access, and on the public clearnet. He allegedly sold over 2,000 videos and had ties to 303 virtual currency accounts, according to a press release from the U.S. Attorney’s Office for the District of Columbia. Bitcoin and…

Blockstack Pauses App Mining Pilot Due to Challenges in Running Program

Privacy-centric computing network and app ecosystem Blockstack has paused its App Mining pilot due to a range of challenges. Rolled out in 2018, the App Mining project is designed to incentivize developers to build apps on Blockstack. Although the startup has ostensibly seen a healthy app growth throughout 2019 — from 46 to more than 400 apps so far, — it admitted an array of challenges in running a program of increasing size and complexity, according to a Feb. 10 blog post. Three key challenges to be solved As such,…

Three Men Arrested for Running Alleged $722 Million Crypto Ponzi Scheme

United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement from the Department of Justice. The accusations against BitClub Network According to the press release, BitClub Network promised massive rates of return in exchange for investments in a shared cryptocurrency mining pool. The parties at the center of the scheme then allegedly misappropriated over $722 million of those funds into their own lavish…

הרצת מזומנים Bitcoin טבעות: מבוא להפעלת צומת מלאה

הקמת צומת מזומנים בסיביות היא משימה קלה למדי עבור מישהו שרוצה לתרום למערכת האקולוגית הבוזרת. ישנן דרכים שונות בהן באפשרותך להפעיל צומת בין אם היא נמצאת על ענן, במחשב מקומי או על-ידי מינוף מחשב בעל לוח יחיד קטן. להלן הקדמה פשוטה לכל מי שרוצה להקים יישום מלוא הצומת. גם לקרוא: את התוכניות הפד להזריק $60,000,000,000 לחודש לתוך הכלכלה האלמנטים הדרושים הדרושים כדי להפעיל מטבעות Bitcoin זומנים במהלך השנתיים האחרונות, הסביבה מזומנים Bitcoin זומן (Bch) גדל חזק ויש לא מעט לקוחות מלאים שונים הצומת. צומת מלא יכול להיות כל מחשב המתחבר…

10,000 Nodes Are Running BTC Lightning Network in New All-Time High

The number of Bitcoin (BTC) Lightning Network (LN) nodes has reached 10,000 for the first time, according to real-time LN statistics site 1ML. According to 1ML, the number of nodes on the LN has grown by 3.17% over the past 30 days to reach a record high of 10,003 network nodes at press time. At the same time, the number of nodes with active channels is 5,975 out of total of 36,246 channels at press time, with just a 0.34% growth over the past month.  The LN is a second-layer…

US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine. Possible life sentence News outlet U.S. News reported on Aug. 23 that 25-year-old Kunal Kalra has pleaded guilty to charges including money laundering and distributing methamphetamines. Per the report, he could be sentenced to life in prison. The authorities allegedly claim that from 2015 through 2017 Kalra exchanged BTC and dollars, ran a Bitcoin ATM and admitted to making deals with drug dealers and other criminals. Sold meth to an…

U.S. Man Indicted for Running Illegal Bitcoin Exchange 

William Green, a Monmouth County, New Jersey resident has been indicted by a federal grand jury for operating a bitcoin trading business dubbed “Destination Bitcoin” without registering with the Secretary of the Treasury as required by the law, according to a press release on July 24, 2019.   End of the Road  Per a press release by the United States Attorney’s Office, District of New Jersey, the long arm of the law has caught up with a Monmouth County resident who has allegedly been running an illegal bitcoin business in the…

Bitcoin Eyes Independence Day Price Gains for Fifth Year Running

View Bitcoin could rise above $12,000 with the daily chart reporting a bullish reversal. A high-volume bullish breakout on the hourly chart indicates scope for a rise to the bearish lower high at $12,448. BTC could yet post losses today, however, if prices find acceptance below key support at $11,385. Bitcoin (BTC) looks set to close in the green on U.S. Independence Day for the fifth consecutive year, having recovered nearly 25 percent from recent lows. The top cryptocurrency by market capitalization rose 1.17, 1.79, 3.35 and 1.67 percent on…

New $35 Raspberry Pi is the Most Powerful Yet for Running a Full Bitcoin Node

The Raspberry Pi Foundation released a new, more powerful model of its miniscule single-board computer on June 24, which costs $35 a pop and has the capacity to run full nodes cheaply on the bitcoin (BTC) network. Earlier versions of the Raspberry Pi have been popular with bitcoin enthusiasts and decentralization advocates as it offers low-cost and thus low-barrier entry to those interested in running their own full nodes on the network. Doing so allows users to verify their own transactions over the bitcoin network independently without having to trust…

Just 2/3 of ETH Nodes Running Parity Have Been Patched Against Critical Security Flaw

Global hacking research collective SRLabs claims that only two thirds of the Ethereum client software that runs on Ethereum nodes has been patched against a critical security flaw discovered earlier this year. The news was reported by business tech website ZDNet on May 17. An SRLabs report ostensibly shared with ZDNet has reportedly revealed that the critical flaw is a denial of service (DoS) vulnerability in the Ethereum Parity client. As SRLabs has outlined, the flaw could enable a hacker to remotely crash legitimate Parity Ethereum nodes by sending malformed…