cryptocurrency - CybAI news

14 Oct

ZinariPay 2.0.0: The New Era of Cryptocurrency Payments Integration

stp2y0 CommentsNewscoding, community, cryptocurrency, development, engineering, inclusive, javascript, payments, programming, software

We're excited to announce the release of ZinariPay version 2.0.0! This major update introduces significant changes and improvements to our npm package and CDN, making it easier and more secure than ever to integrate cryptocurrency payments into your web applications. What's New? 1. Mandatory API Key for Enhanced Security In version 2.0.0, the apiKey is now a mandatory field for all integrations. This breaking change emphasizes our commitment to enhanced security. By requiring the API key, we've introduced an extra layer of protection to ensure that your transactions remain safe and secure. 2. Completely Revamped User Interface Our new UI…

09 Oct

69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail

stp2y0 CommentsRAG modelsbitcoin, blockchain, crime, cryptocurrency, dark web

In November of 2020, a person identified by the US Department of Justice only as “Individual X” sat down with an IRS agent named Tigran Gambaryan and prosecutors at the US Attorney’s office in San Francisco. That unnamed individual typed out the long string of characters of a Bitcoin private key on Gambaryan’s laptop, allowing Gambaryan to move 69,370 bitcoins from Individual X’s bitcoin address to one controlled by the US government.Over the four years that it has taken the US government to establish legal ownership of that massive sum of bitcoins—identified by the IRS as stolen proceeds of the…

09 Oct

Unmasking Bitcoin Creator Satoshi Nakamoto—Again

stp2y0 CommentsRAG modelsbitcoin, cryptocurrency

Peter Todd is standing on the upper floor of a dilapidated industrial building somewhere in Czechia, chuckling under his breath. He has just been accused on camera of being Satoshi Nakamoto, the Bitcoin creator, whose identity has remained a mystery for 15 years.In the final scene of a new HBO documentary, Money Electric: The Bitcoin Mystery, documentarian Cullen Hoback confronts Todd with the theory that he is Satoshi. In a previous work, Hoback unmasked the figure behind QAnon. Here, he tries to repeat the trick with Bitcoin.“I will admit, you’re pretty creative—you come up with some crazy theories,” Todd tells…

07 Oct

FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan

stp2y0 CommentsRAG modelsbitcoin, blockchain, cryptocurrency, finance, ftx trial, money, Sam Bankman-Fried

A US judge has cleared the way for billions of dollars to be refunded to former customers of bankrupt crypto exchange FTX.At a court hearing in Wilmington, Delaware, on Monday, judge John Dorsey gave final approval to FTX’s reorganization plan, the terms of which had previously been put to creditors and voted through by a landslide.“I think this is a model case for how to deal with a very complex Chapter 11 proceeding,” said Dorsey. “I applaud everyone involved in the negotiation process.”FTX filed for bankruptcy in November 2022 after running out of funds to process customer withdrawals. Billions of…

25 Sep

FTX advisor and Alameda CEO Caroline Ellison gets two years in prison

stp2y0 CommentsNewsalameda, caroline ellison, Court, crypto, cryptocurrencies, cryptocurrency, fraud, FTX, law, Legal, news, Sam Bankman-Fried, tomorrow

A US district court judge sentenced Caroline Ellison, the former advisor and ex-girlfriend to the convicted crypto fraudster and FTX founder Sam Bankman-Fried, to two years in prison. reported Ellison’s sentence for her role in the $8 billion in fraud committed by the FTX crypto exchange that sent for 25 years back in March. Ellison will also have to serve three years of supervised release once she’s finished her prison sentence.Ellison pled guilty at the end of 2022 to just as Bankman-Fried was being extradited to the US from the Bahamas. US Securities and Exchange Commission (SEC) Director of Enforcement…

24 Sep

FTX Insider Caroline Ellison Sentenced to Two Years in Prison

stp2y0 CommentsRAG modelsbitcoin, crime, cryptocurrency, ftx trial

Testifying at Bankman-Fried’s criminal trial in October 2023, Ellison depicted her former paramour as the driving force behind the FTX fraud. On the stand, she painted Bankman-Fried as forceful and calculating and described for the jury his various deceptions, the careful curation of his public image, and his warped relationship with risk. “[Bankman-Fried] was totally comfortable with taking a risk, as long as he thought it was a positive expected value,” said Ellison, under examination by the prosecution. "He talked about being willing to take large coin flips, like a coin flip where if it comes up tails, you might…

23 Sep

A Mysterious School for the Network State Crowd Is Now in Session

stp2y0 CommentsRAG modelsbitcoin, blockchain, cryptocurrency, politics, venture capital

Last month, venture capitalist Balaji Srinivasan announced the Network School, a three-month learning retreat marketed to people interested in “network nations,” a kind of utopia for the anarchocapitalist set. The inaugural class is 150 people. It starts today.Details about the school have been shrouded in secrecy, even for the applicants. Aspiring Network School participants put down deposits of up to $2,000 without even knowing the Network School’s location. Srinivasan has still not disclosed it publicly, although social media posts and WIRED reporting indicate that it’s Forest City, Malaysia.The Network School is one of the most ambitious projects yet for people…

17 Sep

The Trumps Have Gone Full Crypto With World Liberty Financial

stp2y0 CommentsRAG modelsbitcoin, cryptocurrency, donald trump, finance

As it turned out, Trump was readily convinced: Despite having previously dismissed bitcoin as a “scam,” Trump has recently taken to pitching himself as the crypto president. In July, speaking to thousands of bitcoiners at a conference in Nashville, Tennessee, Trump promised to turn the US into the “crypto capital of the planet” and establish a national “bitcoin stockpile” if reelected. In a post on X after the speech, Tyler Winklevoss celebrated the former president having been “orange-pilled”—crypto lingo meaning “indoctrinated.”Initially, when Eric and Donald Jr. first began to hint at the World Liberty Financial project, there was speculation they…

12 Sep

People Are Setting Themselves on Fire and Getting Punched in the Face to Pump Their Crypto Coins

stp2y0 CommentsRAG modelscryptocurrency, finance, money

The vast majority of these coins never get off the ground. Others attract early attention, then tank after the creator sells off their holdings without warning. A minority of the coins hold value over a longer period.Meme coins serve no strict purpose other than to act as a vehicle for financial speculation. Fluctuations in their price are therefore a reflection almost entirely of the attention they attract—a collective belief, on whatever grounds, that the price will either rise or fall.The forces behind the meme coin boom are similar to those that propelled the meme-stock craze of 2021, says Albert Choi,…

11 Sep

The World’s Biggest Bitcoin Mine Is Rattling This Texas Oil Town

stp2y0 CommentsRAG modelsbitcoin, cryptocurrency, environment, longreads, Texas

The previous October, Sawicky organized a weeklong protest alongside environmental activist group Greenpeace and brandished various anti-bitcoin signs at anyone who entered the Riot facility. Only a few other people turned out in support, leaving Sawicky dejected: “I could not have been more disappointed and disgusted by my fellow humans,” she said, when we first spoke earlier in the year.Sawicky is unapologetically brash; she has given up on artfulness and guile, she claims, in favor of brute force. “I am obnoxious. I am in your face,” she says. Her methods have led even close allies to question her. “I love…