Bitcoin SV: Craig Wright’s legal battles to continue; Peter McCormack to mount legal defense soon

nChain’s Chief Scientist, Craig Wright, who was in the news after sending a barrage of legal notices to those who disputed his Satoshi Nakamoto claims and called him a “fraud,” may now be on the receiving end of one such legal notice. He may be receiving one from WhatBitcoinDid podcaster, Peter McCormack.
Referring to Wright as a “m**her**c*r,” McCormack stated that he is consulting “two of the top legal firms in the world,” and he will be proceeding, presumably, with legal action against Wright “within a week.” This follows the second legal notice that was served to the podcaster at the behest of Wright’s solicitors.
He tweeted,

RE: Craig Wright.
Sorry for the confusion. I have spoken with two of the top legal firms in the world this morning. I will instruct one within a week.
Let’s go get this m**he*fu**er!
— Dr. Peter McCormack (@PeterMcCormack) May 22, 2019
The dispute between the BSV camp and McCormack has been raging for over a month, with legal documents moving back and forth. On April 12, the podcaster first received a letter from Calvin Ayre, the gambling mogul, and Wright, instructing him to withdraw his tweets where he referred to Wright as a “fraud.” The letter also asked McCormack to apologize to the self-proclaimed Satoshi Nakamoto in open court
McCormack had responded,
“I believe that claiming to be Satoshi and promoting a fake version of Bitcoin is fraudulent. I believe this is in the public interest. Let’s go to court.”
Following McCormack’s non-response to Wright and Ayre’s initial legal charge, the duo’s lawyers sent another letter to the podcaster earlier this week. With the passing of the 16 May response deadline, the letter stated that they are “entitled to apply Part 12 of the CPR to request that an order for judgment in default be entered against you.”
The letter added,
“In the event that he obtains such an order, our client will be entitled to apply to the court for (a) an assessment of the damages that you must pay to him, (b) an injunction, (c) an order permitting a statement to be read in open court.”
McCormack initially stated that he “might not contest” the legal challenge against Wright since he did not want to give the nChain Chief Scientist any “satisfaction.” This led to a wave of criticism against the podcaster for his backtracking, with CNBC’s Ran NeuNer asking, “Is that what they teach you in Bedford?”
However, it now looks like McCormack is up to the legal challenge and is in pursuit of the right lawyers to do so.
Wright made news this week after he filed an application with the US Copyright Office to lay claim to the Bitcoin whitepaper and software. The US Copyright Office responded that his claim was in the “examination process.” However, since it is in connection with a pseudonym, they will not “investigate whether there is a provable connection between the claimant and the pseudonymous author.”
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Source: AMB Crypto

XRP: Massive amounts of cryptocurrency moved as Ripple, Nexo come into the picture

Market momentum in the cryptocurrency industry is of paramount importance, since it is often considered as an important marker in the propagation of crypto-use. Ever since the end of the crushing bear market, there have been several instances of massive amounts of cryptocurrencies being moved, especially when it comes to XRP, the third largest coin on the charts.
According to @WhaleAlert, a cryptocurrency data aggregator, there have been multiple drops of large XRP sums, amounting to a total of close to 26 million XRP. The first drop included a transfer of 10 million XRP from a Ripple Over-the-Counter distribution wallet to another unknown wallet in the cryptosphere.
The transfer amounted to a whopping $3.732 million and had a time stamp at 23 May 8:00 UTC. The transmitter address was rMaV5QT2ZCwVFArQ7sdQMxhtzg6mgqJ47h, while the receiver address was rEFtdHuyxgUjDL4t3gBsesQwHtnDy2W8rC.
The first transaction of 6.862 million XRP was preceded by another transfer of 6 million XRP, which occurred from an unknown wallet to a Nexo wallet. The unknown wallet’s address was rhCgcS11iumWeutBF4CPEu7G2zTXkh5oUZ, while the Nexo wallet’s address was rNrWGYBb9GJoRrZKqpH6PigQ2fdj7dRLyk.
The third significant XRP transaction that occurred in the space of 12 hours included another drop of 10 million XRP. The exact amount of XRP transferred was 10.11 million, moved from Ripple to an unknown wallet. The Ripple address on Bithomp was rhmc2XPEbmCN8MW6dcoMUGBuzzp65uKpEn, while the unknown wallet had an address of rH51tppA1cF5J75GS6MqaJhJfQFm2PPXG2.
Ripple and in turn, XRP, was also in the news recently after Ripple partner R3’s Corda released a statement that they were planning to further their partnership with credit union-centric CULedger. The press release from the organization stated,
“This will allow credit unions using CULedger’s network to choose from a variety of near-instant, secure and affordable domestic and cross-border payment options to meet theirs and their members’ needs.”
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Source: AMB Crypto

Cardano [ADA] falls by over 9%; Stellar Lumens [XLM], Bitcoin Cash [BCH] follow suit

The cryptocurrency market was attacked by the bear, causing most major coins to fall. Cardano [ADA] reported fall of 9.63% over 24 hours, followed by Stellar Lumens [XLM] and Bitcoin Cash [BCH].
Cardano [ADA] 
Source: TradingView
At press time, ADA was valued at $0.0764 with a market cap of $1.98 billion. The 24-hour trading volume of the coin was noted to be $136 million, as it noted a fall of 9.63% over the past day. Over the past seven days, ADA fell by 18.79% and continued to fall by 1.48% over the hour.
The coin was highly traded on ZBG exchange, with a trading volume of $67 million via ADA/USDT pair. The second place was taken bu Huobi Global, with a volume of $38 million via ADA/USDT pair. Huobi Global was followed by Binance, as it reported a trading volume of $16 million via ADA/BTC pair.
Stellar Lumens [XLM] 
Source: TradingView
XLM noted a fall of 8.38% over the past day and was valued at $0.1222. The market cap of the coin was $2.35 billion, with a 24-hour trading volume of $412 million. Over the past seven days, XLM fell by 16.15% and went on the fall by 1.22% within an hour.
The exchange to highly trade the XLM/USDT pair was BW.com, as it reported a trading volume of $43 million. The second and third place were taken by LATOKEN with XLM/BTC and XLM/ETH pairs, respectively. XLM/BTC pair reported a trading volume of $40 million
Bitcoin Cash [BCH]
Source: Trading view
Bitcoin Cash [BCH] fell by 7.25% over the past day and was valued at $385.58. The market cap of the coin was noted to be $6.86 billion, with a trading volume of $2.53 billion. The coin fell by 7.49% over the past week and continued to fall by 1.32% within the hour.
The coin was highly traded on OEX with BCG/USDT pair, as it reported a trading volume of $259 million. The second place was taken by CoinBene via BCHABC/USDT pair, with a trading volume of $213 million. The third place was taken by OkEX, with a volume of $189 million via BCH/USDT pair.
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Source: AMB Crypto

Craig Wright receives response from US Copyright Office; Satoshi claims enter ‘examination process’

The United States copyright office has issued a response to Craig Wright’s application to lay legal claim to the Bitcoin [BTC] whitepaper and software. The May 22 response from the office paints a grim picture for the hopes of the nChain’s chief scientist’s claims of being Satoshi Nakamoto.
Firstly, the document stated that it “does not have an opposition procedure for copyright registrations,” highlighting the case of patents and trademarks. The document further read that any “disputes over the claims in registration may be heard before federal courts” and that if the applicant issues “false information,” they will be “subject to penalties.”
 

The Copyright Office has received lots of questions about certain Bitcoin registrations, see our response: https://t.co/C0dBuzec4X
— US Copyright Office (@CopyrightOffice) May 22, 2019
Speaking on the topic of acquiring the identity of a pseudonym, the document stated:
“In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”
Coming to the examination process of the disputed pieces of the intellectual property i.e. the whitepaper and the software, the copyright office will conduct an “examination,” to determine if the “deposited work is eligible for protection under the Copyright Act,” and if it requires “registration.”
The office will contact the Wright if any “inconsistencies” sprout. Furthermore, the office will correspond with him to submit “well known work whose author is known,” in relation to his submitted claim.
Wright and his application are currently in the “examination process,” with the office ‘taking note,’ of the pseudonym Satoshi Nakamoto, which the applicant, unsurprisingly, confirmed he is.
The document concluded:
“In the case of the two registrations issued to Mr. Wright, during the examination process, the Office took note of the well-known pseudonym “Satoshi Nakamoto,” and asked the applicant to confirm that Craig Steven Wright was the author and claimant of the works being registered. Mr. Wright made that confirmation. This correspondence is part of the public registration record.”
Regardless of the document, the crypto-community on Twitter have dismissed Wright’s claims time and time again, stating that the recent application was ‘just another form,’ and that ‘anyone can file it.’
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Source: AMB Crypto

Bitcoin [BTC]: People’s fears about crypto are based on misunderstanding of underlying technology, claims Andreas Antonopoulos

Prominent Bitcoin advocates such as Andreas Antonopoulos often conduct online Q&A sessions to debunk some of the misconceptions floating around about the cryptocurrency market. In a recent video on YouTube, Antonopoulos shared his views on the factors affecting crypto-adoption.
While answering one of the questions, Antonopoulos mentioned that the reason why people are scared to invest in cryptocurrency is “based on the misunderstanding of the underlying technology.” He informed the viewer that he is preparing a talk to help such people understand the technology better, and to help them make sound investments. He added,
“We are used to operating a system of soft promises. (This is the reason) A bank can reverse a transaction if you want, or dont want!”
He further explained how Bitcoin does not promise an irreversible transaction, but rather “guarantees that the contract within the transaction will be executed irreversibly.” As a result, he hinted that the contract can be changed to add a refund policy to resolve disputes in the future.
“(This way) you can reintroduce consumer refunds, but the only owner gets to choose who the third-party is. This is not an irreversible payment, but an irreversible guarantee.”
He also clarified that although current engineering limitations are making it hard to implement, it will require just few more rounds of incremental innovation to offer “more robust, predictable guarantees for consumer protection than any existing system of soft promises.”
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Source: AMB Crypto

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC and LTC ride the bull wave despite correction concerns

After the prices’ roller coaster ride last week, Bitcoin [BTC] recorded its highest search volume on Google over the past year. The king coin was priced at $7,827.95 with a market cap of $130 billion, at press time. The 24-hour trade volume came up to be $24.6 billion, out of which BitMEX contributed 10.76% via XBT/USD pair. Bitcoin [BTC] fell by 1.01% over the last 24-hours, at press time.
Litecoin [LTC] was priced at $90, with a market cap of $5.56 billion. The 24-hour trade volume came up to be $3.4 billion out of which, Coineal contributed 10.28% via LTC/BTC pair. Litecoin [LTC] fell by 0.82% over the last 24 hours, at press time.
1 Day- BTC
Source: TradingView
The 1 day chart for BTC showed an uptrend  from $5,5560 to $8,203.32. The support points stood at $3,173.62, $3,495.15 and $4,990.97. The point of resistance was seen at $8,192.92.
The Bollinger Bands indicated volatility in price as the bands were diverging.
The Chaikin Money Flow showed that the flow of capital into the market was more than the outflow, indicating a bullish trend.
The MACD indicator displayed a bullish trend, but hinted at a bearish crossover.
1 Day- LTC
Source: TradingView
The 1 day chart for LTC showed an uptrend from $55.88 to 102.26. The support points were at $22.44 and $29.71. The resistance points stood at $95.34 and $102.15.
The Parabolic SAR indicated a bullish trend as the dotted markers were formed under the candlesticks.
The MACD indicator showed was bullish, while suggesting an imminent bearish crossover.
The Relative Strength Index indicated a bullish trend as it was close to the overbought zone. But, the graph was seen to moving downwards.
Conclusion
The 1 day chart for BTC  and LTC displayed a bullish trend, but hinted at an imminent bearish move as indicated by the aforementioned indicators.
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Source: AMB Crypto

Tron, Binance and Huobi celebrate Bitcoin Pizza Day

Bitcoin Pizza Day refers to the day when Florida’s Laszlo Hanyecz paid a sum of 10,000 BTCs, instead of fiat currency, for two Papa John’s pizzas. The day is remembered not for the transaction, but for the price he paid for the two pizzas.
If you look at the price of Bitcoin today, the BTC that he paid for two pizzas would have amounted to 7 million, at press time. This event is remembered as the first real-time transaction thats used Bitcoin.
Huobi Global, a cryptocurrency trading platform, announced that it would be selling their cryptocurrency at a discount rate to a few traders as part of their ‘Bitcoin Pizza Day’ celebration. The company is also looking at launching Reserve Right Token on their Huobi prime.
There are two special promos to celebrate the Bitcoin Pizza Day event. In the first round, it will sell 20% of the promotional coins at a 50% of the Bitcoin market price. The second round will have the rest 80% of the coins sold at 12% of the market price. Huobi will also host a variety of Bitcoin-related activities and one lucky user will get 1 Bitcoin at the original Pizza day price – $0.03.
Livio Weng, CEO of Huobi, said,
“That although the idea started as a joke, they are excited about the upcoming event.”
Ross Zhang, Head of Marketing, commented that the demand for the cryptocurrency is going to be high therefore, not everyone will get what they want.
Binance also took the opportunity to comment on Bitcoin Pizza day,

9 years ago today the first real-world transaction of #Bitcoin was made & Laszlo Hanyecz cemented his place in history.
No matter how you slice it, 10,000 $BTC for a Pizza or 2 is a lot of dough!
This slice is for you, Laszlo #BitcoinPizzaDayhttps://t.co/Atbs1RIvsg pic.twitter.com/gU1D0PrJf5
— Binance (@binance) May 22, 2019′
Tron’s Justin Sun has also launched a campaign and has announced a bounty to celebrate the day. Participants will only have to create a unique TRONPizza image. More unique the image, higher the chances to win a bounty of 10,800 TRX.
Participants would require to first retweet the “TRON Pizza Campaign,” and then create a “TRONPizza.” The image should have TRON elements and pizza and should be posted on Facebook and Twitter using the hashtag #TRONPizza.

Happy #Bitcoin Pizza Day(May 22nd). Create your own #TRONPizza with your imagination to win #TRX rewards. Click to know more about #TRON pizza campaign. $TRX https://t.co/Tvy6oFfU77
— Justin Sun (@justinsuntron) May 21, 2019
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Source: AMB Crypto

Bitcoin [BTC] fails to witness improved transaction rates despite surging by 32% over 30 days

The crypto-ecosystem is often laced with unpredictability and risk, with the market indulging in wild price swings. Bitcoin, to the joy of small-term investors, has improved its valuation by almost 125 percent in 2019, at press time. It’s valuation peaked at 131 percent a few days previously.
According to blockchain.com, over the last 30 days, the virtual asset exhibited another bullish run which improved its valuation by approx 30 percent. The statistics recorded are impressive however, it was observed that the transactions per day on the Bitcoin network remained fairly constant over the same time period.
Source: Blockchain
On 21st April, the transactions recorded per day was around 390,735 and the data charted on 21st May was little lower, with 381,582 transactions occurring on that day. Over the past 30 days, the average transactions per day consolidated between the range of 300,000 to 390,000, which signified that the rate of transaction did not increase with the price surge.
The increased number of transactions often indicates an improved rate of adoption, which is the primary objective of most digital assets. The fact that the number of transactions did not mirror the same growth rate as the valuation of the coin indicated that network activity might not be as prominent as the increased rate might have suggested.
Bitcoin [BTC] dominated the overall crypto market capitalization by more than 56.5%, at press time. The coin was priced at $7849.05. However, prices of Bitcoin failed to witness major changes over the past seven days, as the valuation only fell by 1.89%.
The transaction rates of Bitcoin [BTC] might not show a stark increase, but it still is significant as it was recently reported that holding Bitcoin was more profitable and beneficial than holding some fiat currencies like Peso.
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Source: AMB Crypto

Cardano’s Charles Hoskinson confirms ‘blockchain in a box’ approach for Testnets’ assessments

As the world tries to implement new use cases within the cryptoverse, testnets have gained the attention of enthusiasts since they help in understanding the implementation issues faced during real-time deployments. Charles Hoskinson took it upon himself to clear out some of the related confusions, as he hosted a livestream.
Hoskinson stated that self node setup is the best way to implement a Testnet since it provides total control over the network. While explaining its various benefits, he said,
“It basically bootstraps your own genesis block, which can be ultimately used to demonstrate the cryptocurrency working on your computer.”
He also explained how adding more functionalities to the block does not alter much of the existing node. Additionally, Hoskinson said that Cardano is performing a similar “blockchain in a box” approach to test the Cardano-Haskell wallet backend with the Rust Node, in collaboration with the users.
While Hoskinson hinted at what to expect in the near future, he also asked viewers to keep an eye out for a blogpost that will contain some of the most crucial USPs with Rust client. The livestream also touched upon Cardano’s two designs for multi-sig, each working on different protocols. Once the technology is implemented, Hoskinson said that users will be able to access reference videos to understand and operate the technology better.
Additionally, the Testnet project launch will be followed by supplementary videos aimed at collecting feedback from users for performing network enhancements. As per the latest updates, experts speculate that Hoskinson’s strategy is to gain market confidence for his future projects, a strategy proven successful by Tron CEO Justin Sun.
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Source: AMB Crypto

Bitcoin Cash’s [BCH] Roger Ver: Kudos to those who hijacked original BTC and made it expensive, complicated

Proponents in the cryptocurrency space have made it a point to push for the mainstream adoption of digital assets. One such proponent is Bitcoin.com’s Chief Executive Officer Roger Ver. In a recent podcast, Ver touched upon the reasons why Bitcoin Cash [BCH] was better than the current version of Bitcoin [BTC], while at the same time elucidated on the obstacles in the industry.
The BCH bull stated that,
“The key to being an investor is to invest in a good product before anyone else and that is what I did with Bitcoin all those years back. I got into Bitcoin because I knew that it would be useful in the future while at the same time bringing financial freedom to the entire world. Those are the same features that Bitcoin Cash has right now and many are saying that BCash is a scam and all that, to them I say that name calling is not an argument.”
Ver further spoke about the government clamp on Bitcoin and other cryptocurrencies, claiming that the lockdown that regulatory bodies have over user’s money is actually a ‘hindrance to our progress as a species.’
According to Roger Ver, Bitcoin is a tool to separate the control of money from the state. He was also asked whether anyone could stop Bitcoin and its effects, to which Ver had his own suggestions. He said that if anyone wanted to hinder the world’s largest cryptocurrency, then the best way is to make it too expensive or too complicated to use. In his words,
“Becoming too expensive or too complicated to use is what has happened to the current version of BTC and is something that BCash is trying to move far from. I want to say kudos to the people who hijacked the original BTC product and the thing is a vast majority of the people do not realize what actually happened.”
Ver was in the news recently after he attacked the BTC camp, stating that it is toxic and full of censorship, trolling behaviour.
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Source: AMB Crypto

Ethereum network improves daily transaction numbers and Gas consumption; outperforms Bitcoin over 90 days

The recent market surge witnessed a major growth as virtual assets collectively improved the overall market capitalization of crypto assets, which was around $248 billion at press time.
Bitcoin [BTC], the most popular asset, breached the $8000 mark almost after a year, and was consolidating above $7500, at press time.
Ethereum [ETH] received its fair share of good fortune too and according to a recent report by Longhash, the Vitalik Buterin-led crypto asset’s ROI “outperformed” Bitcoin over the past month.
Source: Etherscan.io
According to data released by Etherscan.io, the number of recorded transactions on the network on 21st May was 812,799. This is a significant increase in the span of three months. On Feb 21st, the transaction witnessed was around 544,817. The present-day numbers are 40 percent higher than the ones recorded in February. 
Source: Etherscan.ioFurther, it was also reported that the total daily Gas utilized on the ETH network had exhibited a significant increase. On Feb 21st, the total Gas consumed on the ETH network was around 32 billion, while the Gas utilization was at 46 billion on 21st May.
This increased usage of Gas indicated that the transactions taking place in the network were not solely based for payments. Instead, some of them might have been carried forward to “operate smart contracts.” The average Gas consumption on the Ethereum network was about 67000 on 21st May.
At press time, Ethereum was valued at $253.46 and the market capitalization was recorded to be $26 billion. Over the last 24 hours, the token experienced a minor 0.72 percent hike. However, the hike over the past seven days was significant, with a growth of 10.15 percent.
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Source: AMB Crypto

Binance sees ‘higher number of orders’ than peak Bitcoin frenzy of 2017; hints at iOS app for Binance

Binance exchange, the world’s largest cryptocurrency exchange by trading volume, was reported to have problems with a couple of users since there was too much load on the exchange, especially with Web, PC, APP.
CZ tweeted:

Web, PC, APP are experiencing load issues. API users are fine. https://t.co/N39fshcOGy
— CZ Binance (@cz_binance) May 22, 2019

He also added that there was much “Higher load” than 2017 when Bitcoin reached its all-time high since inception. Moreover, CZ also said that the APIs for the exchange were working fine and that the team was working on fixing the other issues.
In addition, CZ clarified his tweet about “higher load” as he tweeted:

We are seeing much higher order volumes (number of orders) than Dec 2017/Jan 2018 (the peak).
Trade (not order) volume in USD is 1/3 of the peak, but BTC price is 1/3 and ETH price is only 1/5 of the last peak, most other main alt prices are even lower. https://t.co/e9M20gqnm0
— CZ Binance (@cz_binance) May 22, 2019

However, at press time, Binance was the second largest exchange in the whole of crypto space, according to CoinMarketCap, with an adjusted 24-hour trading volume of $2.3 billion. Moreover, as per CMC, the 24-hour change in the trading volume for Binance decreased by 25.78%.
Moreover, Coingecko platform reported that Binance was the largest in terms of the trading volume; it had a normalized 24-hour trading volume of $1.36 billion and $2.38 billion adjusted trading volume.
Although the exchange was hacked a few weeks ago costing it 7000 BTC [now worth $55 million] the exchange, according to CZ, has been performing well enough.
A Twitter user @Khaleed_kareem0, commented:
“Sir, You need bigger servers for this heavy traffic like FB and google, also need to avail the app officially on the App store and update the IOS version All the support for U @binance”
CZ replied to him hinting that they were working with Apple to release an iOS version of the app.
“working with Apple on that one. crypto apps are tricky, it seems.”
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Source: AMB Crypto

Bitcoin [BTC]: Dutch man dupes investors of $26 million after promising returns on Bitcoin mining rigs

Bitcoin mining is a lucrative activity. However, of late, it has also become the source for many associated criminal activities. An individual from Apeldoorn in the Netherlands was caught for money laundering after duping over 10 people who invested in his Bitcoin mining rig. He is accused of duping them to the tune of $26 million.
The accused, a man of 33, claimed to be the Director of two companies which sold Bitcoin mining rigs. The accused promised returns to the tune of 0.3 Bitcoins per month for each investment made. However, the investors failed to receive any promised Bitcoins on the Bitcoin mining computers they invested in. It is estimated that the accused earned close to 2 million euros from the mining, and the subsequent investor scam.
Research done by the Fiscal Information and Investigation Service revealed that the accused actually never purchased the mining machines and splurged the money on purchasing luxury items including cars, bikes, travel, and gambling.
One of his said companies, Koniz Trading, Lelystad had already been declared bankrupt last year after the accused was charged with fraud. The company was into buying and selling Bitcoins and also into offering access to mining machines. With access, anyone would have the capability to mine popular cryptocurrencies.
There has been a consistent rise in crypto-related crimes, resulting in a loss of about $34 million every year, according to a report. According to another report, there has also been a surge in illegal crypto-mining.
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Source: AMB Crypto

Cryptopia: Stolen Ethereum [ETH] funds continues to move; a portion sent to EtherDelta

The hacker who stole a mammoth amount of cryptocurrency funds from Cryptopia, a New Zealand cryptocurrency exchange, continues to move to stolen funds in the market. Unlike the previous attempts, this time around the attacker transferred the funds to a decentralized exchange, EtherDelta.
Notably, this is not the first time for a hacker to opt for decentralized platforms instead of a centralized one. Another hack that reportedly took place in Marck 2019 also saw a similar pattern; the attacker who had stolen around $105 million worth of Ethereum and other cryptocurrencies from Coinbene had transferred a portion of the coins to EtherDelta.
According to Whale Alert, at press time, a total of six transactions were made to EtherDelta, approx. 3000 Ether, which was worth $758,509. To add on, a total of 1000 ETH, worth around $251,264 was transferred to another address that was used to hack the exchange. This was followed by another Twitter user, Crypto Shork, ponting out that the hacker made two transactions on EtherDelta.

Wallet:
0x1e16253b81F418ee44430d94502Bc766fe8CaDba
Still has 185.6 ETH on ED. So far he sent 12 and 15.7895 ETH to the following wallet:
0x3d40897675A7467A73610c3ABbBc8292835e67F2
— Crypto Shork (@CryptoShork) May 21, 2019

Notably, a Reddit user, FlashyQpt remarked that this was “an unnecessary amount of effort for very little gain”, considering that it was “very easy” to track these transfers. The Redditor stated, “It’s not unusual to see insane trades happen because the EtherDelta/ForkDelta platform lacks any sort of order matching. ” The user added that hacker was trying to “unmark” the stolen Ethereum coins.
The user went on to state,

The Eth was sent to the EtherDelta contract from this address where it was traded and withdrawn onto this fancy new “clean” one. You can tell that this is the address that is on the other side of the trades because the EtherDelta contract emits a Trade event that shows you all of this.”

Source: Reddit
Giraffenmensch, another Reddit user said,
“It’s dumb but a lot safer than using those dogy tumbler services. And I think the hacker is betting on the fact that courts and law enforcement are largely still completely clueless regarding cryptocurrency and might actually fall for it. Also they might do other things, maybe that’s only the first step.”
Source: Reddit
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Source: AMB Crypto

XRP/Ripple: R3’s Corda to further partnership with credit-union centric CULedger

The XRP community has added yet another accolade to its growing repertoire, with the inclusion of CULedger on R3’s Corda network. This partnership is a bid to expand the credit-union centric firm’s cross-border payment options.
A press release published on May 21 stated that the R3 Corda platform will greatly improve the payments realm for credit unions and financial cooperatives. The press release added that Corda will act as a foundation for CU Pay, the firm’s electronic funds transfer [EFT] product.
CULedger aims to leverage this partnership with R3 to help its credit unions better deal with the risks pertaining to cybersecurity, fraud, and malfeasance. In addition to this safeguarding, the association will boost “member experience, streamline internal processes and reduce administrative and operational costs.”
In lieu of this partnership, Corda Settler, the open-source Cor-DApp centered around the settlement of Corda transactions, will be integrated with CULedger and CU Pay. The press release adds,
“This will allow credit unions using CULedger’s network to choose from a variety of near-instant, secure and affordable domestic and cross-border payment options to meet theirs and their members’ needs.”
CULedger and R3’s relationship began in 2018 and now, the firm aims to further the same with the objective of CU Pay, which is pegged to launch in early 2020 and will be available for credit unions on their network.
David E. Rutter, CEO of R3 stated,
“Corda’s unique approach to privacy and security will support CULedger’s efforts to develop ground-breaking blockchain-based applications for self-sovereign digital identity and fraud detection. We look forward to working with them to create significant efficiencies for credit unions and their members.”
Adoption is reigning high for Corda, with several partnerships making the news. As per their official website, Corda has now partnered with almost 250+ organizations worldwide, and some of these partnerships include companies like Amazon Web Services [AWS], Citibank, HSBC, Huawei, Infosys, Capgemini, and Intel.
The post XRP/Ripple: R3’s Corda to further partnership with credit-union centric CULedger appeared first on AMBCrypto.
Source: AMB Crypto