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Swiss Bank Exposes a Russian Scam Clone
#1
Bitcoin has cemented its third straight monthly loss after September 24 and 26 produced a large sell-off and dragged prices lower, opening up the possibility for another price drop.Supposed bullish catalysts such as Bakkt’s physically-backed bitcoin futures product fell short of expectations, possibly raising a red flag for institutional investors.Both the weekly RSI and awesome oscillator demonstrate waning interest from bullish buyers leading to expectations of further price declines.
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#2
Kobayashi’s team has burned through about $1.5 million (155 million Japanese yen) over the last six months and has now recovered a total of $644 million (69.4 billion Japanese yen) in previously lost funds. The creditors are due to meet the trustee again in March 2020.In a blog post Tuesday, the company announced the settlement without admitting fault. It will pay disgorgement of $120,000, prejudgment interest of $24,602 and a civil money penalty of $80,000. At the time of the 2014 token sale, Nebulous raised approximately $120,000.
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#3
In March, the bitcoin transaction log called the blockchain temporarily split into two independent chains with differing rules on how transactions were accepted. For six hours two bitcoin networks operated at the same time, each with its own version of the transaction history. The core developers called for a temporary halt to transactions, sparking a sharp sell-off.[53] Normal operation was restored when the majority of the network downgraded to version 0.7 of the bitcoin software.[53] The Mt. Gox exchange briefly halted bitcoin deposits and the exchange rate briefly dipped by 23% to $37 as the event occurred[54][55] before recovering to previous level of approximately $48 in
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#4
In January 2014, Zynga[90] announced it was testing bitcoin for purchasing in-game assets in seven of its games. That same month, The D Las Vegas Casino Hotel and Golden Gate Hotel & Casino properties in downtown Las Vegas announced they would also begin accepting bitcoin, according to an article by USA Today. The article also stated the currency would be accepted in five locations, including the front desk and certain restaurants.[91] The network rate exceeded 10 petahash/sec.[92] TigerDirect[93] and Overstock.com[94] started accepting bitcoin.
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#5
Investigations into the real identity of Satoshi Nakamoto were attempted by The New Yorker and Fast Company. The New Yorker's investigation brought up at least two possible candidates: Michael Clear and Vili Lehdonvirta. Fast Company's investigation brought up circumstantial evidence linking an encryption patent application filed by Neal King, Vladimir Oksman and Charles Bry on 15 August 2008, and the bitcoin.org domain name which was registered 72 hours later. The patent application (#20100042841) contained networking and encryption technologies similar to bitcoin's, and textual analysis revealed that the phrase "... computationally impractical to reverse" appeared in both the patent application and bitcoin's whitepaper.[11] All three inventors explicitly denied being Satoshi Nakamoto.
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#6
On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[26][27] On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol.[28] This was the only major security flaw found and exploited in bitcoin's history.
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#7
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