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North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks – Bitcoin News

North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks – Bitcoin News

A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange.

A United Nations panel of experts has submitted a draft report reviewing the measures on North Korea to the Security Council’s North Korea Sanctions Committee. Nikkei says it has obtained a copy of the document, noting that it will be made public after discussion and revisions by the council’s board member nations.

The report highlights that North Korea’s “total theft of virtual assets from 2019 to November 2020 is valued at approximately $316.4 million,” citing one unidentified country. North Korea allegedly uses cyberattacks against financial institutions and crypto exchanges to generate money to support its weapons of mass destruction and ballistic missile programs, according to the report.

Moreover, the panel revealed that it investigated malicious activities by North Korea’s primary intelligence agency called the Reconnaissance General Bureau, an entity on the U.N. sanctions blacklist. Its activities include “the targeting of virtual assets and virtual asset service providers, and attacks on defense companies.”

“Preliminary analysis, based on the attack vectors and subsequent efforts to launder the illicit proceeds strongly suggests links to the DPRK [Democratic People’s Republic of Korea],” the U.N. experts said.

In addition, the panel said it is investigating a September 2020 hack against a cryptocurrency exchange during which approximately $281 million worth of cryptocurrencies were stolen. Blockchain data analysis indicates that this hack is related to a second hack in October 2020 where $23 million were stolen. The $281 million hack is believed to be that of cryptocurrency exchange Kucoin.

The report further outlines how North Korea continues to launder stolen cryptocurrencies by exchanging them for fiat currencies, like the U.S. dollar, via over-the-counter (OTC) brokers in China.

In its previous report, the U.N. panel found that North Korea amassed $571 million from hacking crypto exchanges and companies between January 2017 and October 2018.

What do you think about the findings by the U.N. expert panel about North Korea and cryptocurrencies? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: bitcoin-core-news.com

Author: by admin


A Wisconsin woman was charged after using Bitcoin on the dark web to order a murder, authorities say

A Wisconsin woman was charged after using Bitcoin on the dark web to order a murder, authorities say

National Review

Six months ago, when President Joe Biden was candidate Joe Biden, he spoke of “a crisis being felt all across the United States of America.” The crisis was school closures. Millions of children were staring at laptops rather than learning in a classroom. Biden said: “This is a national emergency. President Trump doesn’t have a real plan for opening schools safely. He’s offering nothing but failures and delusions.” Six months later, the education crisis abounds, and now-President Biden is so far just making it worse. At Tuesday’s press briefing, White House press secretary Jen Psaki said the new White House goal was “to have the majority of schools, so more than 50 percent, open by Day 100 of his presidency.” She defined that as “some teaching in classrooms, so at least one day a week, hopefully it’s more.” This isn’t just walking back a promise; it’s completely erasing one. According to school-data aggregator Burbio, we are already well past Psaki’s spring milestone today, and we were before Biden took office. Over 60 percent of school districts are already open with at least a “hybrid” model. “Hybrid” colloquially means two to three days a week of in-person learning. One day a week was not originally part of this debate. It’s a new and lower standard — one Team Biden has introduced. At first, I thought the transgression was simply they had put the issue on the backburner and were not paying attention to it, given the strange one-day-a-week utterance. But after 24 hours of blowback, Psaki was asked to clarify these remarks and she doubled down, calling the plan “bold and ambitious.” And sticking to the one-day standard, she said they hoped to exceed it. Again, this supposed bold and ambitious plan was exceeded before the inauguration. Politico Playbook said: “It is a goal so modest and lacking in ambition as to be almost meaningless.” President Biden’s ambitious rhetoric around schools was always going to have a collision course with his teachers’-union benefactors, who simply do not want schools to fully reopen any time soon. Not even after teachers got priority in vaccinations, and K–12 schools received over $68 billion in 2020 to mitigate COVID issues. I just didn’t expect that he would be breaking a core campaign promise so early in his presidency. So what’s holding Biden back from keeping his word? The White House would argue it’s funding, ventilation, and class sizes. Let’s look at each in turn. As mentioned, Congress allocated over $68 billion in 2020 for COVID mitigation in K–12 schools. So far, most of this money has not been spent. That hasn’t stopped the Biden administration from demanding another $130 billion. But let’s ignore the currently unspent billions of dollars for a moment and ask the essential question: Will more funding help? In fact, the schools that are currently open five days a week in America are parochial schools, which generally have less per-pupil funding than their public counterparts, and public schools that don’t compete with the per-pupil wealth of closed but well-funded districts such as Chicago, Fairfax County, San Francisco, and others. The issue is will, not resources. Ventilation is simply a crutch to excuse doing nothing. It was a problem identified early in 2020, again to mitigate the return to school before a coronavirus vaccine was available. The $68 billion Congress authorized provided funding specifically for ventilation. But most schools did little or nothing in the past year to improve ventilation, and it is more likely that we finally return to school before any substantive changes are made to the thousands of schools that remain shuttered. The absence of new ventilation systems has not held back the majority of schools that have opened up to some degree without disruption. Meanwhile, focusing the debate on the importance of class size is a way to disguise proposing that kids will go to school two days a week indefinitely. The idea is that a full class increases risk, so we need to cut class sizes in half. But nobody realistically believes that America is about to double its school-building capacity, at least not in the next year. Anyone whose kid has gone to class in a trailer behind a school building knows that it takes years to develop plans for new buildings, personnel, and district lines. The two-day-a-week hybrid model, with its implicitly smaller class sizes, was created to get kids back into the classroom before a vaccine was available. Inept school boards kept delaying the end of this temporary measure. Now, after it has been done for so long, it is being deceptively embraced as the post-vaccine ideal. This is simply nuts. After teachers in closed school districts are vaccinated, schools should be open full-time, five-days-a-week, just as so many of their counterparts already are doing (and as some were doing before vaccines were even available). Now that teachers are being vaccinated, for whom are we making these vast infrastructure changes anyway? It’s not for the teachers, whose risk will thankfully soon be measured in decimal points. And it’s not for children, who — public-health officials often and repeatedly remind us — are not significant spreaders or victims of this virus. In fact, the major health crises facing children today — depression, suicide, lack of confidence, academic failures, lack of socialization, poor nutrition, insufficient exercise — are being caused by the closures, not by the virus. In September 2020, Joe Biden said: “President Trump may not think this is a national emergency, but I think going back to school for millions of children and the impacts on their families and the community is a national emergency. I believe that’s what it is.” If this was a national emergency six months ago, and remains one today, where’s Joe? Some would argue that he should have more time, and that patience is required. He’s only been in office a few weeks. But we shouldn’t be surprised that many parents are simply out of patience. Others argue that advocating for school openings is anti-teacher. It’s a convenient way to shut down debate, because teachers are often underpaid and undervalued and thus not open to critique. But I love my kids’ teachers, who are doing the best they can. This is about being pro-children, not anti-teacher. In September, President Biden said: “Donald Trump and Betsy DeVos haven’t stepped up. We’re all seeing the results. Millions of students are now starting the new school year in the same way they finished the last one, at home. At home. Parents are doing their best, but more and more they’re finding themselves at wit’s end struggling to balance work and childcare and educational duties or worrying about their lost paycheck and how they’ll make ends meet while trying to keep their kids on track with remote learning.” Under Biden’s current plan, he has failed to live up to the standard he set for Trump. It’s time for Biden to purposefully engage this issue. He has enormous influence over unions and those who are advocating for kids to remain locked out of in-person instruction indefinitely. He has a serious group of public-health advisers who can persuade nervous parents and teachers of the low risks they face returning to the classroom (especially after a vaccine). As Joe Biden said six months ago on this subject: “Mr. President, where are you? Where are you? Why aren’t you working on this? Mr. President, that’s your job. That’s what you should be focused on right now. Getting our kids back to school safely.”

Source: news.yahoo.com


Bitcoin Price: What Are The Stats From 2009 To 2018?

Bitcoin Price: What Are The Stats From 2009 To 2018?

   

Cryptocurrency is certainly the most trending topics in the technology space. Digital currencies such as Bitcoin and the recently introduced Dogecoin have been what made it majorly to the headlines. Not just the prices of Bitcoin, but Dogecoin is also witnessing an all-time high. And with popular brands like Tesla backing up the cryptocurrency (Bitcoin) with an investment of USD 1.5 billion, the pricing is likely to see some major spikes going forward as well.

Currently, one Bitcoin is worth USD 45,682 (approx Rs. 33,26,976). Has the pricing been this high throughout? Well, this article is a brief history of Bitcoin pricing starting from the year 2008 to 2018. If you are interested in investing in this digital currency and want to look through the pricing history, then this article is what you need to go through.

Bitcoin Price History From 2008 To 2019

Bitcoin was originally announced back in 2008; however, it officially came into use by 2009. This digital currency doesn’t have any central bank as a regulatory authority and can be shared between different users via peer-to-peer networks. You would be surprised to know that the price of one Bitcoin in the initial days was $0. However, its prices started sky-rocketing within a short span. By June 2009, the one Bitcoin price went up to $32 (approx Rs. 2,329).

The prices of Bitcoin haven’t always seen a hike since its introduction. It has had its share of highs and lows throughout. Back in 2011 when cryptocurrency saw the market’s lowest, its prices dropped to around $2 (approximately Rs. 145). In 2013, this digital currency started getting some increments in its cost and was available for up to $13.20 (roughly Rs. 960). This pricing was in the first half.

The value of Bitcoin started rising in the same year and by the end of 2013, its prices shot at $1156.10 (roughly Rs. 84,156). With the price differentiating majorly in these years, there was a major impact on its value in the following years. In the first half f 2015, Bitcoin was available at $315 (roughly Rs. 22,929). Moving ahead, Bitcoin price multiplied three times and was priced at $975.70- $1,000 (Rs. 70,963- Rs. 72,813). In 2018, its prices were around $6,300 (roughly Rs. 4,58,651).

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Source: www.gizbot.com

Author: By Sandeep Sarkar |

Published: Wednesday, February 10, 2021, 20:10 [IST]


Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla's BTC Acquisition – Economics Bitcoin News

Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition – Economics Bitcoin News

After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested in pumping the crypto.

Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla's BTC Acquisition

In its filing with the U.S. Securities and Exchange Commission (SEC), Tesla says it decided to acquire bitcoin because it fits with the company’s updated investment policy. According to the company, this new policy, which provides Tesla with the flexibility to diversify and maximise returns on idle cash, authorizes the company to buy gold bullion as well.

Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla's BTC Acquisition

However, in one of his tweets, Schiff appears to take aim at Musk and Tesla for choosing to announce the BTC acquisition while not mentioning anything about gold. Schiff says:

Though Tesla’s SEC filing also authorizes the purchase of gold, no purchases were disclosed, and my guess is that none are actually contemplated. Elon Musk has no interest in a store of value or an inflation hedge. His goal is to pump more air into the bitcoin and Tesla bubbles.

Immediately following Tesla’s acquisition, BTC’s value spiked with the top crypto setting another all-time high (ATH) of just above $48,000. After Tesla’s acquisition, some bitcoiners now predict the crypto asset will reach $100,000 by year-end as more large institutions join the buying frenzy.

Meanwhile, Schiff, who has predicted BTC’s crash on numerous occasions, also attacks the mainstream financial media for “doing everything it can to promote” bitcoin at the expense of gold. In particular, the gold bug is unhappy with the U.S. network CNBC’s coverage of Tesla’s bitcoin acquisition. Schiff says:

As expected, CNBC is providing non-stop coverage of Tesla’s bitcoin buy, with one guest after another, most with a vested interest in promoting bitcoin, praising the decision. No guests have really criticized the decision, to the delight of Grayscale, CNBC’s biggest advertiser.

In the meantime, on Twitter, user Peter Elon is quick to remind Schiff that in just under 48 hours after the announcement, Tesla’s BTC investment is already $150 million up. Another user, Anthony Kloda explains why Schiff is rattled. He says:

“Peter is rattled because the bitcoin narrative currently is digital gold and he’s afraid of an institutional shift from physical gold to bitcoin driving down gold leadership position as the dominant inflation hedge. In my opinion, there is more than enough room for both.”

What are your thoughts on Peter Schiff’s latest anti-BTC tweets? Tell us what you think in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Source: news.bitcoin.com

Author: by
Terence Zimwara


Opinion | Can You Get Rich With Bitcoin? Sure, but Slowly

Opinion | Can You Get Rich With Bitcoin? Sure, but Slowly

Chances are in the past few weeks someone has given you a stock tip—maybe to buy bitcoin or invest in GameStop . In part because of Covid-induced boredom, the country is witnessing an unprecedented interest in financial speculation. This craze is fueled by business celebrities like Elon Musk, who announced Monday that his company Tesla had purchased $1.5 billion of bitcoin. Last Thursday Mr. Musk tweeted in support of the cryptocurrency dogecoin, which was created as a joke in 2013.

What is the average investor to make of all this? When stocks shift by hundreds of percentage points in a day, there’s only so much the government can do to protect you. Instead, investors should look past the tweets and Reddit posts and get back to fundamentals.

Yes, even bitcoin has fundamentals. There are two stories you can tell about Mr. Musk’s promotion of bitcoin. The first is a cynical one, in which he is using his media platform to pump an inherently speculative asset that he will dump, enriching himself at others’ expense.

The second story is honorable: Mr. Musk has keyed in on bitcoin’s value as an asset that can’t be manipulated by central banks. He understands bitcoin’s fixed supply, and in a world of seemingly unlimited monetary stimulus he’d like to promote the separation of money and state. The value of all money, even traditional currencies, is determined in part by public demand, and Mr. Musk’s driving up bitcoin’s price is no scandal in itself. Perhaps that’s what he meant when he tweeted, “Bitcoin is almost as bs as fiat money.”

Though bitcoin may be rising on a thin wave of enthusiasm, its fundamentals have real value. I teach a course on cryptocurrency, and I urge my students to look past the allure of easy money and focus on the philosophy, technology and political economy that differentiate bitcoin and its peers from traditional currencies.

Source: www.wsj.com

Author: Max Raskin


German Authorities Can't Access Bitcoins Worth $65 Million 'Seized' From Hacker – Bitcoin News

German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker – Bitcoin News

German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence.

  • German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain access to more than 1,700 bitcoins they said were seized from a hacker.
  • The hacker, who was 29 years old at the time, was convicted in April 2014 of computer fraud, among other charges. He covertly installed software on other people’s computers to mine bitcoin, which he kept for himself. He was sentenced to more than two years in jail.
  • The authorities “seized” more than 1,800 BTC belonging to him at the time and were able to sell 86 bitcoins from the stash in 2018, according to local media. The sale brought in about 500,000 euros ($602,452). A spokesperson for the Kempten district court said the rest of the bitcoins were protected by multiple passwords and IT specialists assigned to the case have been unable to crack them.
  • The hacker did not hand over the passwords to the authorities, maintaining silence while serving his prison sentence. “We asked him but he didn’t say. Perhaps he doesn’t know,” Sebastian Murer, a prosecutor, told Reuters on Friday.
  • At the current price of bitcoin, the hacker’s BTC stash is worth more than $65 million, a massive growth from what it would have been in 2014 when the hacker was convicted. Without elaborating further, Murer said that the police had secured the bitcoin wallet so the hacker will not be able to gain access to the cryptocurrency.
  • What do you think about this case? Let us know in the comments section below.

    Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

    Source: news.bitcoin.com

    Author: Security

    by
    Kevin Helms


    North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks – Bitcoin News

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