Julie Williams | AllStocks Network

New York Court Grants Continuance in OneCoin-Connected David Pike’s Case

Posted on December 23, 2019December 23, 2019 by Julie Williams

The New York Southern District Court determined that the lawsuit against David Pike, who is connected to the crypto Ponzi scam OneCoin, would go on according to a recent court order. The latest court order from the New York District Court reveals that there is an ongoing discussion regarding the potential for a pre-indictment disposition for David Pike. Therefore, the court is granting the case a continuance up until the 12th day of January 2020….

US Congressmen Demand Clarity on the Recent IRS Crypto Tax Rules

Posted on December 23, 2019December 23, 2019 by Julie Williams

Expertly analyzing the recent crypto tax guidance issued by the IRS, members of the Congressional Blockchain Caucus – a bipartisan group of members from Congress of the United States established to advance cryptocurrency and blockchain technology – penned down a detailed letter, exposing some of the flaws of these recent crypto tax guidance. In the letter addressed to the commissioner of the United State’s Internal Revenue Service (IRS), Charles P. Rettig, the congressmen commended the…

Coinbase Secures Patent for Bitcoin Transactions via Email Addresses

Posted on December 22, 2019December 22, 2019 by Julie Williams

The CEO of one of the most popular cryptocurrency exchanges Coinbase, Brian Armstrong, has recently been granted a patent which will allow consumers to trade Bitcoin through email, according to the United States Patent and Trademark Office (USPTO). The cryptocurrency patent, which was granted in the U.S., portrays a digital system for crypto consumers to make payments in cryptocurrencies through a more common medium like email addresses. The patent essentially describes how these far more…

Detected: Crypto Mining Malware Hidden in Images of Taylor Swift

Posted on December 22, 2019December 22, 2019 by Julie Williams

New malicious crypto scheme detected: an ongoing crypto mining malware designed as a photo of Taylor Swift. This crypto mining botnet, which has infected millions of devices across the globe, is reportedly shared in a jpeg file of the award-winning singer Taylor Swift. A recent study by the UK-based cybersecurity firm Sophos shows that the malware’s operators are leveraging a tech method tagged steganography, which allows them to hide malicious software inside legitimate files. So,…

TRON CEO Justin Sun Donates to Greta Thunberg’s Fight $1M in Crypto

Posted on December 22, 2019December 22, 2019 by Julie Williams

Having heard the cry of the young climate change activist Greta Thunberg, the Chief Executive Officer of TRON Justin Sun has responded to the wake up call by donating one million US dollars in crypto to help saving the planet. In a tweet directed to the young activist, Justin Sun says: He applauded the young activist for standing up for the planet and vowed to join her fight by donating the sum of $1 million…

Chinese Regulators Probe Fitness App Qubu for Illegal Crypto Fundraising

Posted on December 19, 2019December 19, 2019 by Julie Williams

The latest on the crypto scam list is a pyramid scheme organized by a Chinese fitness app called Qubu. The app promises its users some amount of its native tokens ‘Candy’ for completing daily exercises. All the user has to do is to walk 4,000 steps a day for 45 days and he/she is qualified for 15 Candy tokens. Sounds too good to be true, yes? Organized like an innovative blockchain idea, Qubu made its…

Research: PlusToken Crypto Scam Could Be the Reason for Bitcoin’s Plunge

Posted on December 18, 2019December 18, 2019 by Julie Williams

While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam. You will recall that a crypto Ponzi scheme disguised as a crypto venture with the name PlusToken was uncovered lately as AllStocks Crypto News reported. Since the ‘big reveal,’…

Arrested Founder of Bitmain’s Rival MicroBT Is Accused of Embezzlement

Posted on December 17, 2019December 17, 2019 by Julie Williams

The drama in the crypto mining arena just got a lot more intense and interesting as the founder of Bitmain’s top rival firm MicroBT is currently still in the Chinese police custody. The suspect, who was reportedly nabbed by the police at the end of October this year, happens to be one of Bitmain’s ex-employees. Yang Zuoxing was one of Bitmain’s finest chip designer at a time, and he is lauded for his role in…

US Marshals Service: Spoofers Launch a Nationwide Scam via Crypto ATMs

Posted on December 16, 2019December 16, 2019 by Julie Williams

Adding to the hundreds of Bitcoin scam schemes employed since its inception, a group of ‘spoofers’ is out there defrauding Americans via Bitcoin(BTC)trade in the disguise that they are government officials. Raising alarm on an epidemic that seems to be spreading fast across the nation, the United States Marshals Service together with the Federal Bureau of Investigation took to Twitter to warn US citizens about the latest Bitcoin scam. In a tweet, the U.S. Marshals…

China Still Rules the Crypto Mining Landscape with 66% of Global Hashrate

Posted on December 15, 2019December 15, 2019 by Julie Williams

The role that China plays in the crypto ecosystem is one that would take a whole lot to replace. New data reveals that despite casting out all forms of crypto activities, China is still the primary home to crypto mining. Statistics from a new CoinShares report show that China is the country that holds the largest share of hashrate across the globe. Hashrate is necessary for producing new digital coins. With China holding over 60%…