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Bitfinex’s last-ditch attempt to halt investigation into $850M cover-up fails

Aug20
by on August 20, 2019 at 9:42 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


A court in New York has denied Bitfinex and Tether’s parent company iFinex’s latest motion to avoid the legal clap back from its $850 million cover-up. iFinex claimed that the New York State Attorney General (NYAG) lacked the relevant jurisdiction to investigate the cryptocurrency exchange and stablecoin issuer as it claims it doesn’t serve customers in the state. The court didn’t see it the same way. As a result, the NYAG’s inquiry will continue and iFinex will have to provide evidence and documents at the request of the courts. “The Court finds based on the evidence and applicable law that…

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Satoshi Nakaboto: ‘There are now 18,000 Bitcoin millionaires’

Aug20
by on August 20, 2019 at 9:03 am
Posted In: Around the Web, Hard Fork


Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Marcus Aurelius used to say: Time is money! Bitcoin price We closed the day, August 19 2019, at a price of $10,916. That’s a decent 5.46 percent increase in 24 hours, or $565. It was the highest closing price in six days. We’re still 45 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017). Bitcoin market cap Bitcoin’s market cap ended the day…

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Cryptocurrency fraudsters beg courts to return their luxury items, judge says no

Aug20
by on August 20, 2019 at 8:58 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Two cryptocurrency fraudsters in Canada are asking the courts to give their stuff back claiming the order to seize their assets had been granted improperly. The court isn’t buying it, and has dismissed their appeal, local news reports. Lisa Angela Cheng and Kevin Patrick Hobbs were facing a civil forfeiture lawsuit after allegedly running a $22 million (CAD$30 million) cryptocurrency fraud. The pair had been accused of fraud, tax evasion, and money laundering. The pair subsequently had their assets seized including two Range Rover SUVs, bank funds, and a luxury house that recently went on sale for $5.9 million (CAD$7.8…

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iOS 12.4 makes it possible to jailbreak your iPhone again

Aug20
by on August 20, 2019 at 7:20 am
Posted In: Around the Web


Apple’s most recent iOS update — 12.4 — has reopened a vulnerability that was previously patched, making  it easy to jailbreak iPhones and iPads. As reported by Motherboard, hacker Pwn20wnd exploited the flaw to release a public version of the jailbreak on Monday, making it the first time an up-to-date firmware has been unlocked in years. The SockPuppet flaw (CVE-2019-8605), found in March by Googler Ned Williamson, allows a malicious application to execute arbitrary code with system privileges. Although Apple fixed the issue in its May iOS 12.3 update, the iOS 12.4 release in July has reintroduced the bug. Pwn20wnd,…

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