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Indian entrepreneur implicated in $300 million Bitcoin Ponzi scheme gets bail

Apr04
by on April 4, 2019 at 10:46 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Amit Bhardwaj, a man accused of running a $300-million Bitcoin Ponzi scheme, has reportedly been granted bail on medical grounds, citing a deteriorating kidney condition. The former entrepreneur, who was arrested in Bangkok last year, was reportedly admitted into Apollo Hospital in India, maintaning he needed regular dialysis treatment to treat his condition. As previously reported by Hard Fork, Bhardwaj set up a series of Bitcoin mining firms, including GB Miners, Gain Bitcoin, and MCAP. As part of the scheme, he promised investors 10x returns for their money. Needless to say, none of his promises delivered and, instead, investors lost their hard-earned cash.…

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Bitcoin’s price surge pushes cryptocurrency-related stocks into the green

Apr04
by on April 4, 2019 at 9:20 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Bitcoin and other cryptocurrencies weren’t the only investments to benefit from the leading coin‘s recent price jump. The cryptocurrency made headlines earlier this week for a price rally thought to have been ushered in by one mystery buyer. Over a matter of hours, Bitcoin‘s trading price jumped 20 percent and broke the $5,000 barrier for the first time since November last year. As Bitcoin‘s price rose, so did a host of other coins and digital assets. But virtual currencies weren’t the only ones that benefitted from the price increase. In fact, cryptocurrency and blockchain-related stocks also profited from the renewed…

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Canada confiscates $1.4M in Bitcoin from dark web drug dealer

Apr04
by on April 4, 2019 at 8:48 am
Posted In: Around the Web, cryptocurrency, Hard Fork


A Canadian judge has ordered the forfeiture of approximately $1.4 million in Bitcoin found on a drug dealer’s computer as part of a criminal investigation. On Wednesday, Superior Court Justice Jane Kelly ordered that 281.41 Bitcoin be handed over to the Ministry of the Attorney General following evidence that 30-year-old Matthew Phan used the cryptocurrency to fund the purchase of a gun and illegal narcotics on the dark web. According to The Toronto Star, Phan pleaded guilty to attempting to import a gun and possessing several illegal substances including cocaine, ketamine, and PCP in December last year. In a forfeiture hearing in February, Phan…

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Watch Adobe’s new After Effects feature remove distracting objects from your videos like magic

Apr04
by on April 4, 2019 at 7:54 am
Posted In: Apps, Around the Web, artificial intelligence


Adobe’s just updated its popular After Effects video editing software with an incredibly handy feature: the ability to select and remove unwanted objects from your footage, just like you would cut out a tourist from a photo of a monument in Photoshop. It’s called Content-Aware Fill, and it uses the company’s Sensei AI to analyze what’s in the surrounding area of the objects you want to remove – whether that’s a person, a piece of trash, or a stray boom mic – and fill that portion in so it looks like said objects were never there. Here’s another example of…

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