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Bitcoin’s New Role In Sex Scams

According to new findings, sextortion scams have made around $500,000.00 worth of Bitcoin in the past couple of months in a trend that is seeing more and more people fall for fraudulent emails that claim to have video evidence of the victim ‘misbehaving’. What is a Sextortion scam? A sextortion scam exists as an email that suggests the victim has been videotaped watching porn or masturbating. The emails threaten the victim with sending the video to family and friends if they don’t pay a ransom (usually in Bitcoin) by a select deadline. These emails often contain a password that had...

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Bitcoin Mining Is Bad For The Environment, So What? So Is FIAT

 Bitcoin mining is the process of extracting Bitcoin from the blockchain. In theory, it’s a concept that is hard to grasp, but the general outline is that Bitcoins (and other cryptocurrencies) are mined by computers making complicated calculations. The problem is, these computers and devices uses a huge amount of energy when solving the algorithms, even just to mine small fractions of Bitcoin. So, we have a problem don’t we. Expensive machines all working together, creating high energy bills, a lot of heat and a big carbon footprint, in return for a small amount of Bitcoin. What’s more, further...

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Bitcoin (BTC) Trading: Two Indicators That Could Have Made You 626% ROI During The Recent Bloodbath

Bitcoin (BTC) is down 68% from its all time high of $19,665 which looks bad for those who had been holding since then. However, for those who have been trading, even just the monthly plays could have easily made a 626% return on their investment with the help of two simple indicators. Those indicators are the 5 EMA and 10 EMA as can be seen on the daily chart for BTC/USD above. These indicators have been signaling the direction of every bullish and bearish wave throughout the correction period. The first time the daily 5 EMA crossed above the 10...

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High Expectations Are Crushing Ethereum Tokens Against BTC And USD

Looking at the list of Ethereum based tokens recently is quite a depressive task. Many of these tokens have sunk far from their all time highs as experienced at the start of the year, with many now on a trajectory towards new all time lows. Generally speaking (minus a few exceptions) Ethereum based tokens are down around 80% against Bitcoin and the US Dollar, they are seeping value and becoming more worthless by the day. One experts believes this is down to disappointment and high expectations. Jonathan Cheesman, a cryptocurrency investor and Partner at Distributed Global has discussed this theory,...

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Another Sim Swapper Caught In The Act As BTC Is Used To Buy Audi R8

Police in California have arrested 19-year of Xzavyer Narvaez on suspicion of fraud and grand theft through allegations that Narvaez had been carrying out sim-swapping attacks in order to gain illicit access to people’s Bitcoin. It’s alleged that Narvaez amassed so much Bitcoin, he was able to make purchases of elite luxury items such as an Audi R8 supercar. The charges against Narvaez account to 7, on the grounds of computer crime, identity fraud and grand theft. It is Narvaez’ luxury spending that first bought him to the attention of authorities when he was found to have traded in an...

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