Bitcoin ATM Double-Spenders: Police Need Help Identifying Four Criminals

CBC reports that four Canadian men are wanted in connection with conducting double-spend attacks against Bitcoin ATMs in four cities. A total of 112 transactions are alleged to have taken place in September last year, with half of them taking place in Calgary. The other attacks took place in Winnipeg, Toronto, Montreal, Sherwood Park, Ottawa and Hamilton. The men’s identities are unknown, and Calgary police are asking for help identifying them. Double-Spending on a Bitcoin ATM: A Lucrative Criminal Enterprise Apparently, the Bitcoin ATMs accepted zero-confirmation transactions, and the men exploited this fact to double-spend Bitcoin in exchange for cash.

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SoFi & Coinbase Team up to Help US Millennials Invest in Bitcoin

In a few months, SoFi Invest users will be able to buy cryptocurrencies through a partnership with Coinbase. Short for Social Finance, SoFi caters to young adults through a variety of financial products including lending. SoFi Invest was launched earlier this month. In addition to announcing the new partnership, SoFi announced the launch of SoFi Money today. SoFi Money will offer a 2.25% APY account, CNBC reports. SoFi invest currently offers broker and “automatic” options. They call the broker option “active” investment. The company enables users to easily trade stocks from the comfort of their mobile device. They charge no “transaction

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Microsoft Wants to Help Make Your ICO a Success

ICOs are not dead. Not when one of the world’s biggest tech corporations is venturing into it. Microsoft Azure, a cloud computing service created by Microsoft, recently listed Stratis in its products’ section. The platform, created by London-based Stratis Group, offers a web-based application that enables initial coin offering projects to manage token distribution. It facilitates a secure and flexible payment route that participants use to purchase ICO tokens ahead of the initial allocation. They pay with either Bitcoin or Strat, Stratis’ native token. Find out how @StratisPlatform on #Azure can help you manage a successful initial coin offering: https://t.co/86efOPCmQ7

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FBI Wants Your Help to Investigate $2.5 Billion Crypto Scam Bitconnect

Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help bring the $ 2.5 billion crypto Ponzi scheme to justice. FBI Wants to Talk to Bitconnect Victims The FBI is looking to talk to people victimized by the Bitconnect scheme. It is publicly taking applications and information via its website. The agency will contact those it deems interesting enough to help with the investigation. The FBI writes: “By mid-December 2017, BCC boasted a market cap of over $ 2.5 billion. Bitconnect guaranteed investors up to a

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CUYN – bitcoin bounties to help employers

CUYN (Crypto Underwrite Your Network) is a new service that just launched and that provides bitcoin bounties for recommending the best professionals for jobs and gigs.

Post a job or gig and reward the crowd with bitcoin, and the crowd will reward you with the best hires. https://cuyn.com

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Bitcoin – The Currency of the Internet

Mass Adoption is Coming: The Biggest US Automaker Turns to Blockchain to Help Save Millions in Identity Theft

General Motors Financial has partnered with blockchain company Spring Labs to help reduce identity theft. It’s a move that could potentially save the car maker millions of dollars in fraud costs. As CCN previously reported, 95% of carmakers expect to use blockchain technology in the next three years, but General Motors is leading the pack. The partnership will see GM Financial, the finance branch of General Motors, join Spring Labs’ Spring Founding Industry Partners Program. The initiative is designed to advance the role of blockchain in data sharing. This is a huge nod towards real-world adoption of blockchain technology. Very

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Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?

American social news aggregation site Reddit has raised $ 300 million in a Series D funding round at a market valuation of $ 3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $ 150 million into the social site. So far, Reddit has raised $ 550 million in total from a myriad of investors including Sequoia, Fidelity, and Andreessen Horowitz. Are Reddit and Tencent Strange Bedfellows? The deal has led to an outrage online as Redditors are protesting the odd pairing of the Chinese juggernaut who is known for censoring topics the government wants and the free-speech forum,

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Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $ 2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear @arunjaitley @narendramodi Rs. 15,000 crores. That's just remittance fees paid by Indians in a year. Crypto has the potential to bring down this cost to almost Zero. All this money could go to the people. Let's join the revolution & find solutions #IndiaWantsCrypto pic.twitter.com/zeNZ6FQgw7 — Nischal

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