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 at 10: Still waiting for the revolution
Ten years ago, as the global economy was in the middle of the worst meltdown in generations, a savior was born. At least, that was the hope. On Oct. 31, 2008, a paper outlining a new "peer-to-peer electronic cash system" called bitcoin quietly appeared online.A decade later, bitcoin and the blockchain technology that underlies it are among the most talked about innovations, but there's often vociferous disagreement about whether they're leading a revolution or a bubble bursting in slow motion. Over the past several years, I've attempted to use cryptocurrencies across the real world and gone down the rabbit hole of blockchain technology, but the most detailed analysis I can offer is that the future still seems cloudy.It's easy to imagine a tomorrow in which blockchain and bitcoin are the next Internet: a ridiculously disruptive set of technologies that change nearly everything they touch and remake the world in their own image. But many others say the tech is flawed without a solid … [Read more...] about Bitcoin at 10: Still waiting for the revolution
Bitcoin at 10: Still waiting for the revolution to arrive
Ten years ago, as the global economy was in the middle of the worst meltdown in generations, a savior was born. At least, that was the hope. On Oct. 31, 2008, a paper outlining a new "peer-to-peer electronic cash system" called bitcoin quietly appeared online.A decade later, bitcoin and the blockchain technology that underlies it are among the most talked about innovations, but there's often vociferous disagreement about whether they're leading a revolution or a bubble bursting in slow motion. Over the past several years, I've attempted to use cryptocurrencies across the real world and gone down the rabbit hole of blockchain technology, but the most detailed analysis I can offer is that the future still seems cloudy.It's easy to imagine a tomorrow in which blockchain and bitcoin are the next Internet: a ridiculously disruptive set of technologies that change nearly everything they touch and remake the world in their own image. But many others say the tech is flawed without a solid … [Read more...] about Bitcoin at 10: Still waiting for the revolution to arrive
Still waiting for bitcoin to arrive, 10 years after it was born
Ten years ago, as the global economy was in the middle of the worst meltdown in generations, a savior was born. At least, that was the hope. On Oct. 31, 2008, a paper outlining a new "peer-to-peer electronic cash system" called bitcoin quietly appeared online.A decade later, bitcoin and the blockchain technology that underlies it are among the most talked about innovations, but there's often vociferous disagreement about whether they're leading a revolution or a bubble bursting in slow motion. Over the past several years, I've attempted to use cryptocurrencies across the real world and gone down the rabbit hole of blockchain technology, but the most detailed analysis I can offer is that the future still seems cloudy.It's easy to imagine a tomorrow in which blockchain and bitcoin are the next Internet: a ridiculously disruptive set of technologies that change nearly everything they touch and remake the world in their own image. But many others say the tech is flawed without a solid … [Read more...] about Still waiting for bitcoin to arrive, 10 years after it was born