By Robert Salonga | [email protected] | Bay Area News Group PUBLISHED: February 4, 2019 at 3:21 pm | UPDATED: February 5, 2019 at 8:13 am SAN JOSE — After admitting to stealing more than $1 million in bitcoin and other online cryptocurrency, a Boston-area man faces 10 years in prison for commandeering victims’ smartphones to access their digital assets, authorities said. Joel Ortiz, 20, pleaded no contest on Jan. 24 after being charged with 41 counts that included grand theft, identity theft and assorted computer crimes linked to 13 identified victims. Ortiz’s entered the no contest plea — which has the same effect as a guilty plea — to eight counts involving victims who suffered a tangible monetary loss, and in what is known as a Harvey waiver, accepted restitution responsibilities for the victims in the remaining charges. He is scheduled for sentencing March 14 and remains in the Elmwood men’s jail, where he has been held on $1 … [Read more...] about Cryptocurrency thief cops to million-dollar hacking scheme as Santa Clara County tech squad builds rep
Bitcoin 1 million dollars
Cryptocurrency thief cops to million-dollar hacking scheme as tech squad builds rep
By Robert Salonga | [email protected] | Bay Area News Group PUBLISHED: February 4, 2019 at 3:21 pm | UPDATED: February 4, 2019 at 3:25 pm SAN JOSE — After admitting to stealing more than $1 million in bitcoin and other online cryptocurrency, a Boston-area man faces 10 years in prison for commandeering victims’ smartphones to access their digital assets, authorities said. Joel Ortiz, 20, pleaded no contest on Jan. 24 after being charged with 41 counts that included grand theft, identity theft and assorted computer crimes linked to 13 identified victims. Ortiz’s entered the no contest plea — which has the same effect as a guilty plea — to eight counts involving victims who suffered a tangible monetary loss, and in what is known as a Harvey waiver, accepted restitution responsibilities for the victims in the remaining charges. He is scheduled for sentencing March 14 and remains in the Elmwood men’s jail, where he has been held on $1 … [Read more...] about Cryptocurrency thief cops to million-dollar hacking scheme as tech squad builds rep
Bitcoin may be down 40% this year but crypto developers are still fetching $1 million bonuses
Frank Chaparro, provided by Published 11:57 am, Tuesday, May 22, 2018 @floydmayweather Bitcoin may be down 40% year-to-date, but crypto developers are making out like bandits. Some firms are offering crypto talent $1 million dollar signing bonuses, according to a Wall Street Journal report. Bitcoin may be down close to 40% since the beginning of the year, but that doesn't mean developers with expertise in the technology powering the crypto aren't making money hand-over-fist. Recommended Video: Now Playing: Bitcoin developer Jimmy Song says the cryptocurrency has lost 70% of its value before and will again. But he still believes it's a great long-term investment. Media: Cheddar TV A Wall Street Journal report found that companies are willing to pay a lot to lure crypto talent. Some are even offering new hires $1 million dollar signing bonuses, according to Dave Schwartz, the chief cryptographer at Ripple, who told The Journal pay packages "have gotten … [Read more...] about Bitcoin may be down 40% this year but crypto developers are still fetching $1 million bonuses
My million dollar crypto-trading fuck-ups will make you cringe
In 2015 I had roughly $90,000 to my name before I bought 11,700 Ether for roughly $0.97 each, and over a few months, accumulated 21 Bitcoin (a total investment of about $17,000). Today I have $1.2 million tucked away in retirement and traditional investment accounts, 650 Ether, and 21 Bitcoin. Now, at this point, most people say, “HOLY SH!T, You’re a millionaire!!!” Yep. Crypto made me rich. But… BUT… do the math there for a second. Ether is currently trading over $1000. Had I employed the buy-and-hold strategy, that would equate to about $11 million buckaroos today. Needless to say, I did not buy-and-hold. Here’s an account of a few mistakes I made that whittled away around $9 million trying to beat the market. One important distinction to make before we get started … These arenot the usually missed opportunities that we all experience (e.g. “Oh man, Iknew buying bitcoin in 2010 was a good idea. I messed up big time!). … [Read more...] about My million dollar crypto-trading fuck-ups will make you cringe
Intimate raises $1.1 million to enable payments for porn and sex services
Many payment services, like credit card companies, won’t go near payments for online porn or sexual services. As a result, the sex industry uses lesser-known platforms that take a huge cut. But Intimate has created a payment technology on a blockchain that the startup says will enable better trusted commerce for adult content. If that starts raising a lot of questions in your mind, then you’re on the right track. Balancing trust, safety, legality, and anonymity — all aspects of the adult industry — isn’t easy to do. It may appear seamy, but London-based Intimate believes it can bring trust and safety into sex commerce. The company is announcing today that Alphabit, a billion-dollar digital currency fund, has invested $1.1 million into Intimate’s ongoing cryptocurrency token presale. So far, Intimate has raised $5.1 million through the presale for its “open, distributed trust mechanism” for all segments of the adult industry, … [Read more...] about Intimate raises $1.1 million to enable payments for porn and sex services