cryptocurrency - CybAI news

21 Oct

In the Kentucky Mountains, a Bitcoin Mining Dream Becomes the Stuff of Nightmares

stp2y0 CommentsRAG modelsbitcoin, crime, cryptocurrency

In both cases, Biofuel claims, the firms shipped equipment from China to its hosting facility in Eastern Kentucky, then walked away with the bitcoin produced, leaving behind hundreds of thousands of dollars in unpaid energy bills and hosting fees.Biofuel reached a settlement with Touzi in early 2022 for $60,000, but despite having handed back the mining equipment, it claims not to have received the sum it is owed under the agreement.In the still-unresolved spat with VCV, Biofuel received permission from the Martin County Circuit Court in Kentucky to sell off the mining equipment, claims Whites, to recoup a portion of…

17 Oct

Sam Altman’s Eye-Scanning Orb Has a New Look—and Will Come Right to Your Door

stp2y0 CommentsRAG modelsartificial intelligence, biometrics, blockchain, cryptocurrency, identity, openai, silicon valley

While the biometric-scanning Orb and the World network have their roots in crypto tokens, “crypto” wasn’t an oft-mentioned word during the event. Instead, Altman and Blania emphasized World’s blockchain service, digital asset management, and virtual communication tools.Blania claimed during the press briefing that, in the future, World hopes to build the “largest finance network” on the planet.In a separate interview with WIRED, Blania said that during regular Sunday meetings at Atlman’s house, the pair were inspired by the rise of PayPal. Similar to the way that Peter Thiel, Max Levchin, and others once pioneered digital payments and fundamentally changed online…

16 Oct

Trumpcoin Launches With a Whimper

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The Trump family’s new crypto venture, World Liberty Financial, is off to an inauspicious start after website crashes limited the ability for investors to participate in an inaugural token sale event.The crypto token, WLFI, went on sale at around 9 am Eastern time on Tuesday. At the time of writing, the website continues to be plagued by reliability issues, pushing some visitors to an error page. “We can’t connect to the server for this app or website at this time,” the notice states.Data from analytics platform Etherscan shows that only 8,500 people have participated in the token presale so far,…

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…