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US authorities seize over $200,000 worth of Bitcoin in suspected drug ring

Jun17
by on June 17, 2019 at 10:17 am
Posted In: Around the Web, cryptocurrency, Hard Fork


US authorities have seized more than $200,000 worth of Bitcoin after arresting three Boston-based men on charges of conspiring to sell drugs on the dark web. Binh Thanh Le, 22, Steven McCall, 23, and Allante Pires, 22, were each charged with conspiring to make and distribute MDMA, Ketamine, and Xanax. Authorities also seized 20 kilograms of MDMA, more than seven kilograms of Ketamine, over 10,000 Xanax pills, and more than $100,000 in cash. The arrests were made after the execution of a search warrant at an office space where agents found and arrested McCall, who was wearing latex gloves and…

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Report: Why you shouldn’t always trust the ‘Amazon’s Choice badge

Jun17
by on June 17, 2019 at 10:08 am
Posted In: Around the Web, world


If you see the ‘Amazon’s Choice’ badge on a listing on the ecommerce site, you might assume that it’s a quality and trustworthy product. However, a report by Buzzfeed News suggests that it might not be as trustworthy as it seems. The site reported a bunch of customers who bought items with the ‘Amazon’s Choice’ label received low-quality products.. Some of the products included in the report were a forehead-and-ear thermometer, high-security padlocks, and a whiskey flask. Apart from these, there are several people on Twitter, complaining about the quality products with the ‘Amazon’s Choice’ label. I got fooled on the internet.…

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Bitcoin surpasses $9,000 setting another yearly record

Jun17
by on June 17, 2019 at 9:52 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Yet again, Bitcoin’s price is on the up, surpassing the $9,000 threshold for the first time this year. According to CoinMarketCap, the last time the market leading cryptocurrency stood at more than $9,000 was 13 months ago, in early May 2018. This isn’t the first time Bitcoin has set a new yearly price record. Back in May, the digital coin surpassed $8,000 for the first time since July 2018. As ever, it’s difficult to pinpoint exactly what is causing the cryptocurrency’s price to rise as it has over the past few months. But there’s plenty of speculation attempting to explain…

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Moonday Mornings: South African Bitcoin Ponzi scheme rakes in $135,000 a day

Jun17
by on June 17, 2019 at 8:47 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


It’s the start of a new week and that means it’s time for Moonday Mornings, Hard Fork’s wrap-up of the top cryptocurrency and blockchain headlines from the weekend. 1. Local news in South Africa is reporting about a cryptocurrency Ponzi scheme. It’s dubbed “Bitcoin Wallet,” and promises returns of 100 percent in 15 days. The scam is estimated to be generating R2 million ($135,000) every day. 2. Bitmain is suing three former staffers after they set up a rival mining pool. The cryptocurrency mining hardware firm is going after $4 million in damages, claiming the trio ignored non-compete agreements, CoinDesk…

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PSA: Set your Venmo transactions to private right now

Jun17
by on June 17, 2019 at 7:24 am
Posted In: Around the Web


A new research study has found that Venmo continues to make it easy for third-parties to scrape users’ public transaction history without their permission. Dan Salmon, a computer science student at Minnesota State University, has published a new data set of over seven million Venmo transactions on GitHub collected over a six month period. “I am releasing this dataset in order to bring attention to Venmo users that all of this data is publicly available for anyone to grab without even an API key,” Salmon wrote on the GitHub page, while warning users to change their privacy settings. The development…

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