A Harvard student hacked into the phones of businessmen from the Silicon valley and stole $1 million in cryptocurrencies

According to local media, a resident of Manhattan Nicholas Traglia allegedly stole $ 1 million in cryptocurrencies at the head of a company in Silicon valley, cracking his phone.

The young man (21), which, according to his account in Facebook, studying at Harvard University, charged with 21 serious criminal offence. November 14, Federal agents arrested Truglio in his apartment in new York.

According to the investigation, Troglio managed to hack the phones of six of the victims, but to steal the funds he managed only one of them, the CEO of Silicon valley Robert Ross. Truglia used the scheme a SIM swap. In this scheme, the hacker calls the mobile provider intended victim and claims to have lost or damaged your SIM card, and then transfers the telephone number of the victim on his phone. After that, he gets access to the phone data of the victim.

During a search Truglio agents found the hardware wallet, so was able to return $ 300,000 of the stolen funds. The accused, allegedly, October 26, withdrew $ 1 million from two accounts Ross on Coinbase and Gemini (what the cryptocurrency, not reported).

Truglio accused of theft in especially large sizes, change computer data to commit fraud and unauthorised use of personal data. He will have a deportation in Santa Clara, California, where charges will be filed.

Interestingly, in September of this year, Truglia accused the campaign of his “friends” that they broke into his apartment and torture forced the young man to tell them the details of his cryptocurrency account.

One of them, twenty-five year old Stephen Orso, allegedly demanded Truglio “tell him the credentials of his cryptocurrency accounts; he plunged the head of the victim in a tub of water, hit in the stomach with the legs and drip on his hot wax”, is told in the materials of the case.

The incident happened on September 7th this year. Orso, the son of a wealthy venture capitalist, and his three friends — David Lake, Steven Dorn and Chris David — after which lasted all night party accompanied by his friend, Truglio in his apartment in the skyscraper. It is reported that, Truglia, like his friends, was very drunk.

Lawyer friends Truglio Stacey Richman said that Truglia invented this story to cover up her own theft. According to her, she gave the Prosecutor an audiotape on which, Treglia admits that he lied.

The post A Harvard student hacked into the phones of businessmen from the Silicon valley and stole $ 1 million in cryptocurrencies appeared first on FineCrypto.

FineCrypto

Bottom punched, Hasrat Ethereum has fallen to its lowest level in last 9 months

To get the Ethereum already profitable, so miners with relatively high cost of electricity continue to turn off their farms. The result is visible on the chart changes Hasrat cryptocurrency in November it has fallen to the lowest level since February 2018.

Recall that until August, the complexity of production Ethereum only increased, but since the beginning of autumn, Hasrat began to fall. If three months ago, he reached 297 terhesa, now down to 236 of terhesa, that is about 25 percent.

Profitable mine Ethereum

Ordinary miners are now suffering losses. Things are so bad that even a large company with a huge amount of iron trying to stay on the market. According to Trust Nodes, extraction 1 ETH in August costs about 152 USD. This does not include spending on maintenance of equipment.

However, the figure calculated on the basis of the relatively high cost of electricity — more than 12 cents per kilowatt. In some regions of the world still can make a profit with GPU if the electricity price less than 5 cents.

In other words, another “line of profitability” is at the level of $ 91. Except that with the consumption of the service cryptoform, mining even at five cents for electricity brings very little profit.

What’s next? First, the miners will try to sell the extracted ETH at a minimum to cover at least the cost. Secondly, it is now much easier to buy Ethereum than mine, so in the absence of major shocks on the market you can expect a return of buyers.

On the other hand, the rate of inflation Ethereum remains at a relatively high level of 7 per cent for the year. Inflation would fall to 4 per cent with the last phase of renovation of the Metropolis, but the developers of cryptocurrencies had to move it to January 2019. With the transition to Proof-of-Stake issue of new coins ETH will fall another two times.

The post Bottom punched, Hasrat Ethereum has fallen to its lowest level in last 9 months appeared first on FineCrypto.

FineCrypto

Activated the old address in Ethereum

One of the oldest ETH-holders that received their coins during the distribution of the funds during the Ethereum ICO in the distant July of 2015, with a purse of 380,000 ETH more than three years did not show any activity.

The first outgoing transaction in 929 ETH 227 was implemented a little over two weeks ago for not identified the address where they were again transferred to the same unknown address. None of the addresses are not similar to stock.

The second outgoing transaction in 152 071 ETH happened last night to the same address is not identified, as in the first case. This time the means didn’t move.

Earlier, at the same address, was transferred three transactions at 220 524 ETH, ETH 40 000 and 97 476 ETH purse, also received 378 000 ETH during ICO Ethereum in 2015.

So fundamentally nothing has changed except the fact that lay more than 3 years without moving funds to budge. And when you consider that they were indifferent to the market when the price of ETH reached their highs of almost $ 1 400 per coin, we can with high probability conclude that this holder there are more ambitious plans for these ETH.

The post Activated the old address in Ethereum appeared first on FineCrypto.

FineCrypto

CAN STO’S SAVE THE CRYPTO MARKETS? – 267

https://www.podbean.com/media/share/pb-5kg2u-9fbce9

Today’s episode we speak about the future of security token offerings and whether they will be the catalyst for the next bull rally. 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

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SVK Crypto – Daily News Blog

ARE ALL CRYPTOS SECURITIES? – 266

https://www.podbean.com/media/share/pb-kezbv-9f9e26

Today’s episode we speak further on the current landscape surrounding the Bitcoin Cash fork and discuss the SEC’s view on ICO’s and their security classification.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

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SVK Crypto – Daily News Blog

THE BITCOIN CASH HASH WAR CONTINUES – 265

https://www.podbean.com/media/share/pb-mvvcu-9f6324

Today’s episode we speak about the ongoing fork in the Bitcoin Cash protocol and who is currently leading the race to accumulate the greatest amount of hash power and become the dominant chain.

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

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SVK Crypto – Daily News Blog

WHO IS JAE CHUNG FROM HKEOS – 264

https://www.podbean.com/media/share/pb-uiwqt-9f42b2

Today’s episode we speak with Jae Chung the co-founder of HKEOS and we get his thoughts on EOS and what he is expecting for the future of the decentralised application layer. 

 

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

 

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

 

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

 

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SVK Crypto – Daily News Blog

Bitcoin has updated the annual minimum. Who is to blame for the market crash?

November 14 will be remembered for a long time. Even at lunch, the market capitalization of cryptocurrencies was 209 billion dollars, and in the evening figure unexpectedly dipped to 187 billion. Bitcoin was designed to peak 5765 dollars. Other cryptocurrencies from the top, not counting the Tether, lost from 10 to 16 percent of the cost. To write off what is happening on the mysterious whales it is impossible — the situation is much more serious. Understand what is happening.

The collapse took place on the eve of the hard forks of Bitcoin Cash November 15. Update the network was the reason for the present war among developers. Recall, the future BCH can become three coins:

  • Bitcoin ABC with the ability to create smart contracts.
  • Bitcoin SV with increased block size to 128 megabytes;
  • Bitcoin Unlimited with the advantages of the first two options.

ABC support Bitcoin Bitmain, Binance, Bitcoin.com and Coinbase. SV Bitcoin will get support from CoinGeek, SV Pool, and Cobra. What is particularly important for SV acts, Craig Wright, also known as the “Factory”. Despite the nickname, it should not be underestimated. Have to Wright a huge impact in the community, BCH and a large stockpile of bitcoins. Some sources say a million BTC in the wallets of Craig.

Why Bitcoin fell

As we approach the date of update, the situation became more tense. Monday active supporter of BCH VIN Armani spoke about the plan Craig Wright and Kelvin Ear to hold a 51 percent attack on the Bitcoin network Cash and other cryptocurrencies. The first is the need for the decline of canplete Bitcoin SV.

The next day, Calvin commented on the statement indirectly confirmed it. According to him, in the plans there is nothing personal is just business.

“Bitmain is trying to translate it into the plane of personalities. For team CoinGeek we are talking only about profit, and BitcoinSV is the only option for miners who want to earn. We need to protect our substantial investment in mining.”

The situation has continued to evolve. After the fall of the market version connection with the upcoming hardforum Bitcoin Cash seemed groundless, as he sank BCH stronger than the other coins.

However, things can be much harder. Before the fall of the market Craig published the tweets that raise many questions.

First, he spoke about the “war room” where the team is ready to conduct specific tests. For a start, they had to throw “shit” in the face of ABC and “to legitimize neutral money”.

Wright then addressed a message to all miners of Bitcoin. In the case of switching on the extraction of BCH miners will have to Finance the process at the BTC. So — sell it for dollars and thereby reduce the rate of the home currency. Because have to sell a lot, for the market of Bitcoin will not remain place. In the end Craig even hinted at the chance of dropping BTC to 1000 dollars.

Following this, he mentioned the competition in the face of Jihan Wu and Roger Faith. Wright said that they will have to merge a lot of bitcoins to pay for rented Hasrat. If “war” drags on, users should expect the Bitcoin exchange rate at the level of 2014. That is $ 600 per coin.

Now the market has fallen further. Capitalization is 180 billion dollars, Bitcoin has dropped to $ 5,500. If the miners will follow the advice of Craig and will switch to BCH, the rate of BTC will fly deeper. And even if it is not, to play havoc can a panic among holders. Still such a shock after a protracted flat and the lack of volatility is too.

The post Bitcoin has updated the annual minimum. Who is to blame for the market crash? appeared first on FineCrypto.

FineCrypto

The collapse of the myth of the noble Hodler

There is a persistent myth about a special human being, bitcoin and other cryptocurrencies Hodler. He has much there are other virtues, such as idealism, love of freedom, the proportion of anarchism and, of course, vision. They are forced to invest the available reserves of Fiat money into the crypt and then firmly hold on to it for ideological reasons — in fact, “hoglet”. Not to drop tokens, and even not to short gains or losses — including, in the most unexpected market reversal.

This special stratum of people of the future can be quite thin, but these pioneers never is a lot. But when the market go to the moon their enthusiasm will pay off — each of poterpevshim of hontarov will be rewarded with a personalized “Lambo” and, quite likely, a place in history.

The resilience of this myth can be explained including some of the market arguments. The first two dozen of the most popular cryptocurrency show a surprising survival rate, considering that by the standards of the person who is poorly versed in the technology, “afloat,” they hold only faith, and of some practical value, resulting from trade and exchange transactions involving tokens. No insurance funds or regulators, or even adequate reporting on the standards of the traditional economy here. That is, if cryptocurrency investing average investors who are used to playing by the rules of the stock exchange, they’d jump on such a minimal change trends that cryptologist not something that will ignore and not even notice.

If Bitcoin, despite the mixed, sometimes really bad news, year was kept in the neighborhood of $ 6.5 thousand, it really is possible to suspect the existence of a robust stabilizing element. For example, the army of hontarov.

About who exactly would stabilize the market, unfortunately, we can only guess, because a normal study in crypto-currencies is not very working. First, because of the lack of formal reporting: tax cost of securities is in contact with kriptosistema only indirectly or partially. Secondly, due to anonymity, privacy and decentralized nature of the blockchain. American company Clovr, which is engaged in the promotion of technology, conducted its own survey, which resulted in a portrait of the average investor in tokens. This portrait looks exactly like another group, which is characterized by the same market behavior, which is attributed to trying holleran of legends. The only motivation they have another.

Portrait Clovr shows that the most heavily invested in tokens Millennials, and not past generations, who have more free savings. What are two of the most active group of investors on property criterion is also the richest. And what key qualities when evaluating potential investments they have — the willingness to take risks, vision and innovation.

It draws us a very clear audience that is well aware of the fact that engaged in financing start the economy in General and information technology in particular. A typical young wealthy investor in high-tech, high-risk assets. Exactly the the category that 20 years ago was included in the Apple amid leadership changes and the young Amazon, 15 years ago, Google with its completely innovative business model 10 years ago, Tesla, and now partly turned into a kind of venture capitalists. The category, which can be guided by intuition and their own vision of the future, can afford some risk, but mostly ready to live ten years without breakthrough dividends for the chance to return a thousand percent.

The post The collapse of the myth of the noble Hodler appeared first on FineCrypto.

FineCrypto

IS BITCOIN CASH FORKING? – 263

https://www.podbean.com/media/share/pb-z968x-9f2b74

Today’s episode we discuss tomorrow’s contentious decision being made by the Bitcoin Cash miners on whether or not they should hard fork!

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

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SVK Crypto – Daily News Blog