Agents with the Florida Department of Law Enforcement arrested Matthew McDermott, 51, of Davenport today on a grand theft charge stemming from a virtual currency operation. Virtual currency types include Bitcoin and Litecoin.
McDermott is also facing a charge of official misconduct. He is the Information Technology manager for the Florida Department of Citrus, which is charged with regulation of the state’s citrus industry. It is based in Bartow.
The investigation was launched after FDLE agents received a complaint from the Citrus agency’s Office of Inspector General. The complaint followed an audit of P-Card (purchasing card) activity that found McDermott had made more than $22,000 in purchases between July 2017 and December 2017. Among those purchases were 24 computer graphics cards known as Graphic Processing Units (GPUs).
In addition, the IG noted that utility bills for the agency had increased by 41% between October 2017 and January 2017. The increase amounted to nearly $825.00.
FDLE agents learned that McDermott was accessing a virtual currency exchange from multiple computers at the Department of Citrus and was part of a mining pool. A mining pool, or team, is used to solve mathematical equations in an effort to mine the virtual currency and win a reward. The pool combines its resources to help offset costs.
Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoin’s blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services.
This is not the first time warnings over the ability to store non-financial data within the blockchain have been issued. Interpol sent out an alert in 2015 saying that “the design of the blockchain means there is the possibility of malware being injected and permanently hosted with no methods currently available to wipe this data”.
The agency warned that the technology could be used in the “sharing of child sexual abuse images where the blockchain could become a safe haven for hosting such data”.
TL;DR: Yes, there is child porn but the author does not approve of the definition just because it is not hosted directly on the chain.
No. 100% no.https://hashnode.com/post/how-to-build-your-own-ethereum-based-erc20-token-and-launch-an-ico-in-next-20-minutes-cjbcpwzec01c93awtbij90uzn
@14⚡⚡ weev ⚡⚡88 @neger psykolog @CrunkLord420
Ok children, weev wants me to launch a kf eth token using part of my fabulous company as stake. It seems trivial.
What do you think?
Don't get sent to prison.
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Also I was recently involved with a listing of a PoW (monero-clone) coin, including operating a pool. The people who paid to get the coin listed basically got dumped on hard (by me and other miners). So the whole process of getting listed is itself a financial gamble.
It's a matter of legal interpretation that has yet to be fully determined. The overall feeling is that it's a cat and mouse game with banks and government. When the SEC says something like this people take note because it means if start self-regulation doesn't happen they're going to come in and fuck everyone's shit up. The People's Bank of China has a different MO where they will just come in and fuck everyone's shit up first, and then get the changes they want.Can your country really lay charges on activity deemed illegal retroactivly? Seems like something unconstitutional for a developed country to do
Baseball collectibles like cards and bobbleheads are being revamped for the 21st century — on the blockchain. Major League Baseball has announced that it is launching a crypto-based game that runs on the ethereum blockchain later this summer.
It’s a crypto-based version of the classic collectibles that’s similar to the most popular blockchain game CryptoKitties, where players can buy and trade cartoon kitten characters with ether. CryptoKitties has already made over $25 million worth of ether, making it a huge success. In the MLB version of the game, people will be able to purchase avatars involving some popular moments in baseball history. Those avatars can then be sold or traded, and users can earn rewards.
According to a report from Yahoo Finance, MLB had been looking to create a crypto-based game for quite some time, and the success of CryptoKitties validated the ideas the company already had.
Developers aren’t only targeting people who are already involved in the crypto scene either. They’re looking to build a game that is easy to understand and use for the masses of people who don’t know what the blockchain or ethereum are. Still, developers say there will be a learning curve, and the game will roll out in stages to help new players get accustomed to the concept.
Korean cryptocurrency conference in October
It has been reported this week by the Singaporean news outlet, The Straits Times, that North Korea is finally entering the blockchain affray by hosting an international cryptocurrency conference for the first time that plans to showcase industry leaders from around the world.
This cryptocurrency event will be called the Korean International Blockchain Conference and will take place on the 1-3 October 2018. The event will be held in North Korea’s capital city, Pyongyang, and will aim to raise blockchain awareness across the nation and also to introduce blockchain advancements and technology to Korea.
A major part of the event will also be to attract investors to new Korean blockchain projects. Those attending the event will get to meet with business officials from North Korea to network and explore the possibilities of crypto businesses and adoption across the nation.
This inaugural cryptocurrency conference is not the first time that North Korea has shown interest in blockchain and crypto, as it attempted to develop its crypto mining options in 2017. In research compiled by the Korea Development Bank (KDB), it was reported that North Korea attempted to mine crypto between May and June 2017, but for undisclosed reasons was unsuccessful.
At around the same time, it was also reported that a tech firm from North Korea called Chosun Expo was in the early stages of developing a crypto exchange, which never came to fruition. As Korea’s relationships with international nations are still a bit strained, nobody at this point is quite sure if it can attract key speakers and industry professionals for the first-ever cryptocurrency conference to be held in Korea.
Brianna Wu predicted thisBitcoin Predicted To Be The Nail In The Coffin Of Climate Change
Bitcoin alone could push global temperatures over the 2ºC catastrophic threshold by 2034 if the cryptocurrency gets adopted at the same pace as other broadly used technologies, says a new report in the journal Nature Climate Change.You’re forgiven if you aren’t familiar with a digital currency that could single-handedly devastate the planet.