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Vending machines, the new target for cryptocurrencies

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By Moris Beracha .-  There are food and sweet vending machines all over the world. Therefore, this market has become the target of some developers, who are working to enable people to pay for products into vending machines with cryptocurrencies. It can be highlighted that the energy drinking company “Red Bull” installed the first energy drink machine that only accepts bitcoins (BTC) in 2016, amid the Paralelni Polis congress of hackers in Prague, the Check Republic. Then, the price of tokens dropped and many companies that planned to develop this type of technology decided to turn a blind eye, until in 2019 they decided to take up said systems. In this sense, it is important to mention that a Brazilian programmer and hardware hacker created a Coca-Cola vending machine accepting payments in BTC. The machine also accepts Lightning Network (LN) transactions. According to the TheNextWeb site, “this machine has been assembled by using a water pum...

Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case

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Por William Suberg  The former CEO of reported cryptocurrency scam AriseBank has pleaded guilty to defrauding victims of over $4.2 million, Texas -based daily news outlet Dallas News reported March 21. Jared Rice, whom the FBI arrested over securities and wire fraud in November last year, confessed to his activities, according to an announcement by the United States Attorney for the Northern District of Texas, Erin Nealy Cox. Rice had allegedly falsely claimed that AriseBank could offer customers “FDIC-insured accounts and traditional banking services, including Visa -brand credit and debit cards, in addition to cryptocurrency services.” The announcement, seen by Dallas News, reportedly shows that Rice specifically entered a guilty plea for one count of securities fraud, implicating him in lying to investors of AriseBank while it operated. As Cointelegraph reported, Rice initially faced a 120-year jail term for the combined counts, but sources now indic...

Report: Bitcoin Scam Compromising Google and Target Accounts Came from Third Party App

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By Ana Berman A recent Bitcoin scam on Twitter that compromised several major companies verified accounts came from a third-party app , tech news outlet the Next Web (TNW) reports Friday, Nov. 16, citing social media officials. Speaking to TNW, a Twitter spokesperson confirmed that the attack came from an outside software provider and not from Twitter’s own system. However, the official refrained from naming the app. The spokesperson reportedly explained that the attackers exploited a third-party marketing solution to launch a Bitcoin ( BTC ) giveaway from several verified accounts, including Google’s G Suite and major U.S. department store retailer Target. The information was implicitly confirmed by Target. Its representatives told TNW that the hackers used a third-party marketing app, authorized to post content on Target’s behalf. As Cointelegraph previously reported, on Wednesday, Nov. 14, hackers took over G Suite and Target accounts (800,000 and 1.92 mi...

Bitcoin Investors Eye Turkey As Lira Plummets 20%

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By Billy Bambrough Bitcoin and cryptocurrency trading volumes on Turkey's exchanges has surged over recent days as the country battles to contain a currency crisis that looks set to continue into this week. Koinim, Turkey’s largest exchange, has reported a 63% increase in Bitcoin trading volume, while the BTCTurk and Paribu exchanges have said their volumes are up 35% and 100% respectively, according to CoinMarketCap data . Unlike Iran, where a ban on bitcoin and cryptocurrency trading means those wanting to buy bitcoin must turn to peer-to-peer exchanges like LocalBitcoins, banks in Turkey often still work with local exchanges, meaning fresh adopters can begin buying and trading more easily. As a result, bitcoin trading volume in Turkey on LocalBitcoins has not increased as much as it has on local exchanges. Bitcoin volume on global peer-to-peer exchanges like LocalBitcoins has not increased as much as local Turkish exchanges in recent ...

Kodak Bitcoin mining 'scam' evaporates

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  The Kodak KashMiner appeared at CES in January BBC The company behind a Kodak-branded crypto-currency mining scheme has confirmed the plan has collapsed. In January, a Bitcoin mining computer labelled Kodak KashMiner was on display on Kodak's official stand at the CES technology show in Las Vegas. But critics labelled it a "scam" and said the advertised profits were unachievable and misleading. Now the company behind the scheme says it will not go ahead. Kodak told the BBC it was never officially licensed. What was the plan? Spotlite USA is one of many companies that licenses the Kodak brand to put on its own products. It showed off a Bitcoin-mining computer labelled Kodak KashMiner in January and told the BBC that it planned to let people rent the machines. To mine crypto-currency, computers are tasked with solving complicated mathematical problems in order to verify crypto-currency transactions. Successful miners are rewarded with bitco...

Private equity deals value falls by 39%

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The deal volume, however, rose 22% to 165 transactions during the period due to increased deal activity on the Internet and computer software segments. By DEEPTI CHAUDHARY Private equity investments in the first half of this year fell by almost 39% in value to $2.8 billion compared with the same period a year ago, according a Thomson Reuters data released on Tuesday. The deal volume, however, rose 22% to 165 transactions during the period on the back of heightened deal activity on the Internet and computer software segments, in continuation of the investment trend seen in 2017 as well. India has been a hub of private equity transactions. The first half of 2014 saw 169 deals worth nearly $2.53 billion. The January to June period of 2015 saw 231 deals worth about $6.9 billion, while the same period in 2016 saw 134 transactions to the tune of nearly $2.3 billion. Investors are optimistic that things will get better in the remaining months of the year, particul...