The Russian Hackers Who Supposedly Interfered with the US Presidential Elections Were Using Bitcoins

hackers used BTC to break into US elections

The American presidential election in 2016 is surrounded by controversies. There is a popular opinion that the victory of Donald Trump over Hillary Clinton was not that honest. One of the most popular theories is that the infamous “Russian hackers” influenced the results of the election.

However, new details of the investigation have just been released, namely, that the hackers were using cryptocurrencies to pay for operations.

According to the official indictment, compiled by the US Department of Justice, 12 representatives of Russian intelligence services have supposedly broken into the accounts of some American politicians involved in the presidential campaign of Clinton.

The hackers chose digital currencies, specifically Bitcoin, for making payments to support their operations, for example, buy servers, domains etc. They made such a decision “to avoid direct relationships with traditional financial institutions”.

The Bitcoins used by hackers were allegedly obtained by mining as well as “through peer-to-peer exchanges, moving funds through other digital currencies, and using pre-paid cards.”

Although, the investigation is still in progress, given the level of the US intelligence, it seems pretty doubtful that anyone could alter the results of the election, and the story with the “Russian hackers” is slowly turning into a legend.

On the other hand, it is quite possible that this news might affect the regulations of cryptocurrency in the US created by the SEC.

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McAfee Birthday Collection: Top-5 Eccentric Statements, Promises, Innovations and Scandals

john mcafee birthday compilation

The editorial board of The Coin Shark wishes happy birthday to the most unconventional crypto personality John McAfee and hopes he will thrive and please the crypto community for many more years.

For this occasion we decided to compile the loudest things that McAfee has said or done this year.

1. There is no doubt that the wildest promise of John McAfee remains his infamous claim about the price of Bitcoin in 2020. The interesting part is, of course, related to the physical tortures that McAfee is ready to face if his predictions turn out to be wrong.

2. Another loud claim of McAfee was his firm intention to run for presidency during the next election. Given the low levels of popularity that the current US President is coping with, we believe that anything might happen at this point. Politics aside, no doubt that the crypto world will be thrilled to have such a president.  

3. We could not leave out the epic with McAfee’s crypto wallet Bitfi. Was it really hacked? Was McAfee planning to give such a pricy award? We don’t know. However, what we do know is that the story brought a whole lot of attention to the wallet, so maybe it was an ultimate goal in the first place.

4. The CoinMarketCap should beware, because John McAfee is on its toes. His own site with market capitalization and cryptocurrency exchange rates is already functioning.

5. Last, but certainly not least comes the McAfee crypto challenge. Brilliant minds with innovative crypto solutions can join his team to improve and develop the crypto world together.

Anyway, even if John McAfee does not eat any parts of his body or loses the run for presidency, he will always remain one of the brightest stars of the crypto universe. Happy birthday, John!

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A Bitcoin Challenge Started Out in China: 21 Days With 0.21 BTC. Why Was It Stopped After Just 3 Days?

bitcoin challenge in china

We all have seen these shows where a person needs to survive a certain period of time with a limited amount of money in different locations. The Chinese TV decided to take it even further and add a new twist to the story.

A girl named He You Bing took up a challenge, during which she had to survive 3 weeks only having 0.21 BTC (approximately 1300 USD). That was all the money she had for food, dwelling and satisfying basic needs.

Considering the prices in China and also the fact that He You Bing carried out the challenge in megalopolises like Shanghai and Shenzhen (which are even pricier), it would seem quite an impossible task to complete.

However, if we think of the situation with cryptocurrency in China, here came another trouble for the girl, which was way more serious than the little amount of money.

He You Bing simply couldn’t find establishments that accepted BTC as a means of payment. She went from place to place, but most of the times very few people even knew about Bitcoin and cryptocurrencies in general, let alone accepted it. As a result, she had to eat wild fruits from the trees, free samples from shops and sleep in 24/7 cafes.

By the end of the 3rd day the challenge had to be stopped, and He You Bing had to be taken to the hospital due to starvation symptoms – the girl was on the verge of losing consciousness.

However, she reached ones of her goal – the challenge attracted attention of the public, thus, raising cryptocurrency awareness in China. Hopefully, next time the girl will choose less radical methods to do so.

We remind you:

McAfee Cryptocurrency Challenge Is Going Live

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Memes about Bitcoin, Cryptocurrency, Mining and ICO

Internet memes is quite contradictory but still culture, a unique cultural phenomenon that appeared in the world where everything goes online. In different countries, regions and language communities memes appeared quite a long time ago. When cryptocurrency emerged and developed memes penetrated even this field.

Today, The Coin Shark will make a review of cryptocurrency memes and we will show how the modern online-culture reacted to the boom about Bitcoin, cryptocurrency, mining and ICO.

Content:
(please, click the topic to scroll down to it)

  1. Small history insight
  2. Memes about Bitcoin
  3. Cryptocurrency memes
  4. Mining memes
  5. Memes about ICO
  6. Conclusion

1. Small history insight

Internet meme is a phenomenon of online space. Both these phenomena possibly emerged at the same time. When the world wide web enlaced the whole globe with its net, and people in different parts of the planet got an opportunity to communicate and exchange information as easy as if they were sitting at the same table, memes emerged and developed mostly at internet platforms for different discussions. New online tools allowed for fast data exchange, so any cute meme could become popular almost immediately and the speed of its spreading was huge. Memes were spread via internet platforms, video hosting services, social networks, etc. Those were interesting and funny pictures, videos, gif-images, melodies, separate words, phrases, etc. Internet community answered with memes to all the world trends in all spheres of life, like policy, sport, technology, culture. It is difficult to identify which memes appeared in the first place, but one of the first memes are absolutely lolcat (pictures of cats with funny captions), O RLY?, facts about Chuck Norris, Pepe the Frog and many other memes.

2. Memes about Bitcoin

Hype that we have seen around bitcoin was probably even bigger than hype around the latest president elections in the USA and remained a hot topic even longer. Today, people talk less about the digital gold and its rate is way less appealing, especially for those who have purchased BTC for $10 or $15 thousand not very long time ago. However, the rapid increase of bitcoin rate in 2017 inspired hundreds and thousands of memes. Bitcoin had been demonstrating sustainable growth already in 2016, but 2017 appeared to be its “golden age”. The cryptocurrency started with around $890 per coin and finished the year having reached $19,000 and more. So, the majority of BTC-related memes were about the growth of cryptocurrency’s rate, its volatility, bitcoin geeks, those guys who did not buy bitcoin several month ago, and those who bought it.

meme 1

meme 2

And that is how it really used to be back to the times of sustainable bitcoin rate growth in 2017. One could hold the coins for a week or so and gain a double profit or even more!

Here is another popular bitcoin meme, similar to all those stories in movies when people travel in time to purchase winning lottery tickets or to make winning bets.  

This meme reflects exchange trading strategy when traders buy currency while its rate is low, then hold it and sell at the higher price later.

meme 4

And finally, a meme about bitcoin’s volatility.

meme 5

3. Cryptocurrency memes

Many people still think cryptocurrency is a new financial and information tool, however, it has actually been more than 10 years since bitcoin was launched. The cryptocurrency market with all its infrastructure started emerging in 2013-2014. Since the beginning of 2018 we’ve been observing a significant recession – currently bitcoin costs less than $6,5 thousand and Ethereum is less than $200, while it started with more than $1000 in January, 2018. Such a situation also inspired many memes, like:

meme 6

When talking about cryptocurrency, memes Dogecoin, of course, should not be left unmentioned. This cryptocurrency has a meme as its name and logo. And this meme is Doge – a picture of a Shiba Inu surrounded by multicolored text in Comic Sans font. The meme appeared in 2013 and became very popular. Dogecoin is a cryptocurrency based on the Litecoin blockchain. Today, it is a top-20th coin by market capitalization. However, it has an unlimited emission and currently Dogecoin circulating supply amounts to more than 100 billion coins. One Dogecoin is traded at around $0.006. Dogecoin is also famous for the charity activities of its community. For example, in 2014, the community managed to raise around $50 thousand for Jamaica national bobsleigh team to go to 2014 Winter Olympics. The team was qualified for the Games, but had no money to travel to Russia. Such a Doge.

meme 7

4. Mining memes

Cryptocurrency mining is a big industry. However, today, it has changed significantly and a wide range of people is no longer able to mine Bitcoins, Ethereum, Litecoin and other popular cryptocurrencies using their own hardware. Mining is actually about decoding of a hash algorithm to create a new block in blockchain and, as follows, a new coin. Back to the beginning of 2010s, it was possible to mine on one’s own laptop. Today, you will need expensive equipment, huge mining farms or at least connection to mining pool to mine cryptocurrency and gain profit out of it. So, here is a meme about CPU-mining that is currently no longer available for the majority of popular coins:

meme 8

Mining actually means computing. It requires a lot of power which is a problem for both individual and industrial miners. There is a “What if I told you”- meme featuring Morpheus from the Matrix about this.

5. Memes about ICO

Initial coin offering is similar to IPO, but is not regulated with all those strict provisions related to stock market. It enables startups to receive investments easily in exchange for digital tokens they issue. The very first ICO was held in 2013 by Mastercoin that managed to attract $5 million. Today, there are plenty of ICOs offering to invest in the development of payment services, cloud platforms, blockchain-based transport systems, content monetization tools, etc.  However, even though blockchain technology is rather secure, ICOs are often subject to fraud and are rather risky. 2016-2017 was the “Golden Age” of ICO campaigns. Back then many startups managed to get huge investments. At the same time many financial regulators were often not crypto-friendly and some jurisdictions (like China) banned ICOs at all.

Despite the fact that cryptocurrency crowdfunding seems to be rather attractive, many investors have not received what they expected. And it is not only about fraud and scam – hundreds of project were simply not successful.

6. Conclusion

Anyway, it is not really surprising that cryptocurrencies inspired such a huge variety of memes addressing a number of crypto-related topics. And it is obvious that there are more to come – more pictures, images, videos that reflect changes of the cryptocurrency market and other important crypto-events.

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Do Not Sell Ethereum: Top Original Clothes Prints in Support of Cryptocurrency

Due to the latest changes in the cryptocurrency market and the news that Ethereum is dying, Vitalik Buterin is trying hard to support cryptocurrency. The Coin Shark editorial board also decided not to stay away and cheer the fans of ETH, as well as all holders of other coins. We present a selection of original things and accessories that we found on the web.

1. The Holy Vitalik

Vitalik Buterin, no doubt, has achieved incredible success in the field of cryptocurrency. Therefore, we completely agree with this image of Ethereum’s founder.


Source: https://www.redbubble.com

2. Almost Nike: JUST HODL IT

The famous slogan of the world-famous sportswear and footwear manufacturer Nike, suits the situation on the crypto market perfectly: just hodl ETH.

Source: https://www.redbubble.com

3. Do not let ETH go
It is sad to watch those selling cryptocurrency, and then, in the future, not only it restores its positions, but also grows in price. A girl with a balloon symbolizes a lost dream or, in this case, an Ethereum coin.


Source: https://www.redbubble.com

4. Time to buy Ethereum

These watches always show the right time. It’s time to buy cryptocurrency.


Source: https://www.cryptoclothe.com

5. Keep calm and hodl ETH

As you know, hodler is the slang name of an investor who buys cryptocurrencies and does not sell them, regardless of the situation on the market. This is what the well-known print reminds us of.

Source: https://www.cryptoclothe.com

Besides the images of Ethereum, various accessories, clothing and decorative objects are also produced in support of both Bitcoin and other digital coins.


Source: https://allthingsdecentral.com

 


Source: https://www.redbubble.com

 


Source: https://www.redbubble.com

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John McAfee Launches a New Bounty: 20 Million USD to a Person Able to Hack Bitfi

mcafee

John McAfee keeps surrounding himself with controversies. Hardly has the scandal with Bitfi been forgotten, when he started it all over.

In case you don’t remember what happened, John McAfee claimed his wallet to be unhackable and promised $100 thousand and later $250 thousand to those who would break into it. Although multiple people and even organizations claimed they did hack the wallet and provided evidence, nobody received a reward, moreover, people were threatened by Bitfi. McAfee in his turn said that a wallet can only be considered hacked if assets are stolen from it.

This time McAfee started a new crazy bounty. He offered 20 million USD in crypto to a hacker in case he succeeds to break into Bitfi.

Given all the things that happened in the past, hackers are obviously going to be more careful when dealing with Bitfi. We will be monitoring the situation and report on any updates.

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Vitalik Buterin Reacted to the Statement that Ethereum Would Soon Collapse

Vitalik Buterin reacted to the article of Bitcoin Core developer who harshly criticized Ethereum

The founder of Ethereum has become the buzzword of the crypto community. There are numerous news about him involving scam-bots, fake accounts or different disputes. This time is no exception to the rule.

The developer of Bitcoin Core, Jeremy Rubin, posted an article in which he conducted a thorough analysis of the world’s #2 digital coin. After all, he concluded that Ethereum had no future due to a variety of major issues, like insufficient scalability or powerful competitors.

Also, Rubin was sure that the value of Ethereum would soon drop, because decentralized apps would soon start seeking new ways of creating their platforms, avoiding Ethereum blockchain protocol.

You can read more here:

Is The Coin Ethereum Doomed to Become Worthless?

Vitalik Buterin could not stand the offence and replied to the author of the article in a Reddit post. He wrote a huge message defending Ethereum and stating that its prospects are still quite promising.

According to Buterin, the Ethereum abstraction, mentioned in the article, will not be global enough to affect the Ethereum network  severely.

Economic abstraction can still happen at the user level; users could pay in spankchain tokens, but the block proposers would still need to cough up ETH.” – he said.

Buterin also claimed that ETH has all the chances to thrive in the future if it keeps developing, improving and evolving.

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