19-Year-Old Sentenced to 20 Months for Selling Stolen Data for BTC

Elliot Gunton, aged 19 of Norwich, sentenced to 20 months for supplying hacking services in exchange for cryptocurrency


: cointelegraph
19-Year-Old Sentenced to 20 Months for Selling Stolen Data for BTC

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Old man’s got a point

Old man's got a point submitted by /u/InteractiveLedger
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Old man’s got a point

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Very old ledger

Very old ledger submitted by /u/ProtoFS
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: BTC
Very old ledger

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Centuries-Old Austrian State Printing House Launches Hardware Crypto Wallet

Coinspeaker
Centuries-Old Austrian State Printing House Launches Hardware Crypto Wallet

The waves for the cryptocurrency revolution are too strong to be ignored. As a proof, the hipe has seen one of the printing firm based in Austria that has a history dating back to early 1800s launch a cryptocurrency storage device – Chainlock.

The invented wallet generates from YOUNIQX Oesterreichische Staatsdruckeredentity, a subsidiary of the OeSD, the Vienna-based Austrian State Printing House. This is a trusted printing company which is presently the country’s provider of other secure identity solution and high tech passport designer.

Chainlock is designed to solve the vulnerability of digital wallets to hacking, which, according to OeSD’s Monday announcement “are a great security risk.”

The “100% offline” wallet provides private key generation as well as a high-security enclave, which guarantees that the keys couldn’t be seen by any third party including OeSD employees or YOUNIQX.

Although the digital wallet can be operated through an app, it’s protected from illegal access to private keys over the NFC, WiFi, and internet, the company attests. Besides, stealing malware such as CryptoLocker can’t access keys on the gadget. Chainlock assumes the position of a credit-card-sized sliver of plastic that the company claimed is resistant to heat and water.

Should blockchain-designed tokens on the wallet be split, the card owners will gain from the design of latest coins, the company added.

Migration into High-Tech Identity and Security Offerings

Even though OeSD was initially a high tech printer, recently it has gradually migrated into more security offerings and high tech identity, some of which YOUNIQX was established to create. The department has developed My Identity Check (MICK), a reliable video identification service, and an integrated identity management platform known as MIA (My Identity App).

Accessible through Coinfinity, some of the anti-fraud features in Chainlock wallets are similar to those existing on fiat currency or newer forms of passports, with micro-printing on both sides, hologram, constant colour gradient, tactile texturing, and UV including infrared-visible patterns.

Charged at €59.99 or approximately $67 including VAT, the Chainlock is presently available in Ethereum or Bitcoin options.

YOUNIQX Identity AG

The Austrian State Printing House (OeSD) Group is a high-security company based in Austria with interest on secure identities. As a full-service provider of e-government solutions and ID, OeSD creates, implement and provide personalization solutions for identity documents like the highly safeguarded Australian passport.

In 2018, the portfolio was expanded via the foundation of the innovative partner YOUNIQX Identity AG that provides solutions in the sector of secure digital identities. With Chainlock, the reliable private key, MIA ( My Identity App), the globe’s system providing integrated identity management, and MICK (My Identity Check) the highly safeguarded video identification service, the firm is optimally set for the digital future.

Centuries-Old Austrian State Printing House Launches Hardware Crypto Wallet


Source: coinspeaker
Centuries-Old Austrian State Printing House Launches Hardware Crypto Wallet

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200-Year-Old Passport Printing Firm Launches Hardware Crypo Wallet

An Austrian printing company that has history going to the 1800s has launched a secure storage device.
: worldnewsoffice
200-Year-Old Passport Printing Firm Launches Hardware Crypo Wallet

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200-Year-Old Passport Printing Firm Launches Hardware Crypto Wallet – CoinDesk

200-Year-Old Passport Printing Firm Launches Hardware Crypto Wallet - CoinDesk submitted by /u/TheRealCryptKeeper
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200-Year-Old Passport Printing Firm Launches Hardware Crypto Wallet – CoinDesk

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200-Year-Old Passport Printing Firm Launches Hardware Crypto Wallet

An printing that has history to the early 1800 has launched a secure bitcoin storage device.
Source: coindesk
200-Year-Old Passport Printing Firm Launches Hardware Crypto Wallet

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For $15K, Hell Fake Your Exchange Volume Youll Get on CoinMarketCap

A 20--old college student explains how he made a business of faking trade at crypto exchanges.
Source: cryptscout
For K, Hell Fake Your Exchange Volume Youll Get on CoinMarketCap

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At Bitcoin 2019, Scientists Cited in White Paper Weigh In on the Future

While crypto fanatics have buzzing with news about bitcoin price surges and Facebook’s introduction of its digital currency libra, the Bitcoin 2019 conference brought together some of the most significant people in the BTC community for a two-day event to discuss the current and future state of Bitcoin. 

Among the conference speakers were Scott Stornetta, chief scientist at Yugen Partners, and Blockstream CEO Adam , the creator of Hashcash.

These two crypto scientists are particularly notable because they were directly cited by Satoshi Nakamoto in the Bitcoin white paper. At Bitcoin 2019, they came together for a discussion with Bitcoin YouTuber Naomi Brockwell about their contributions to the creation of Bitcoin and where they foresee the original cryptocurrency going in the years to come.

Naomi Brockwell, Scott Stornetta and Adam Back at Bitcoin 2019

Stornetta’s Contributions to the Development of Blockchain

Stornetta co-authored three papers cited in Bitcoin’s white paper and was one of the first people working on a system that did not require people to trust a central authority. In the early days of Bitcoin, Stornetta realized was a problem with recording transactions, so he suggested the creation of immutable records in order to track all bitcoin transactions.

“We’re going to not be able to know the difference between an old bit and a new bit, and all of the world’s records are going to be in bits, and that’s going to create a crisis of credibility,” as Stornetta described the problem during his conference panel. 

According to Stornetta, he and Stuart Haber, who is also credited with the creation of blockchain , were struggling to solve the problem, so they decided to create a publication that would prove it is impossible to build an immutable record without a central authority. In writing it, Stornetta said they were able to figure out how they could build an immutable record with the use of a blockchain. 

Back’s “Proof-of-Work” Concept

In 1997, Adam Back introduced Hashcash, a “proof-of-work” system that would help users of the internet detect and avoid spam email. Hashcash worked to ensure users were only accepting emails from others who provided proof that an effort was made to send the email.

The “proof-of-work” concept was carried over into the world of Bitcoin to enable competitive mining of . By using a trial-and-error method to mine bitcoin, miners that are able to verify proof of their work and successfully mine a block are rewarded with bitcoin as payment. 

“Satoshi made use of the hashcash idea to create the mining,” Stornetta said. “It’s easy to see in hindsight huge incentives were needed to kickstart (bitcoin).” 

The Future of Bitcoin

For Stornetta, the future of Bitcoin is broad and diverse. Stornetta told the audience at the conference that he is a “fundamental believer” in crypto technologies and their ability to level the playing field. 

“I am not a crypto anarchist, but I certainly am a crypto libertarian, and I think we are going to get the world that we want and that we deserve, we just need to find a path that leads from A to ,” Stornetta said. 

Stornetta said he believes distributed ledger technologies will continue to advance and diversify in the future, and that he sees a potential for other currencies besides bitcoin to flourish. 

“It doesn’t all just have to be about , of course,” Stornetta said to the crowd. “I’m a big fan of the distributed ledger and how that can create quantization and tokenization of … I just think we’re gonna see such a broadening and diversification of this.” 

“A New Paradigm”

Back also touched on the quick development of cryptocurrency technologies and the challenges of keeping up with the pace of new ideas and implementations of them, even for technical people. Back how there are still areas of innovation that have yet to be realized. He further noted that blockchain and bearer electronic cash are new building blocks that have implications with smart contracts. 

“Basically, it’s like up a new programming language with a new paradigm, and it takes a lot of people to natively understand it and reach the conclusion of what kind of conclusions you can build with it,” Back said.

Back mentioned the development of the Lightning Network and state chains to further his point about how advancements within crypto technology are being made at a rapid rate. He also discussed his reasoning for why multiple cryptocurrencies may not be a necessity in the long run. 

“In terms of coins, I tend to view it as sort of like TCP/IP — that there’s one interoperable standard,” Back said. “Any kind of innovation can be adopted in layers or, ultimately, people can import Bitcoin’s UTXO set to another data structure if a new data structure is found.”

Bitcoin 2019: Fireside Chat with Adam Stornetta and Adam Back

Disclaimer: Bitcoin 2019 was produced by BTC Inc, the parent company of Bitcoin Magazine.

The post At Bitcoin 2019, Scientists Cited in White Paper Weigh In on the Future appeared first on Bitcoin Magazine.


Source: bitcoinmagazine
At Bitcoin 2019, Scientists Cited in White Paper Weigh In on the Future

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