Ever since its creation, Bitcoin has had its ups and downs in terms of both survival and price stability. However, as of late, the currency has been on the rocket-ship ride; going past $4000 mark for the first time last week.
Some investors view Bitcoin as something which can be compared to gold, and rightly so. Because just like gold, Bitcoin is not governed by any government or a central authority. One of the advantages of Bitcoin’s autonomy is that it makes Bitcoin insulated to any financial or economic crisis in a country. On the other hand, the fiat of that country can’t really cope with the crisis and more often tends to take a nosedive.
In fact, Bitcoin can benefit from the uncertainty and crisis, just like gold does. A recent example is Donald Trump winning presidential elections as both gold and Bitcoin surged 3% and 4% respectively in the aftermath.
Some investors are also relating the latest spike in Bitcoin to the potential war between North Korea and USA over NK’s nuclear problem.
Regardless of all the similarities, there is still one noteworthy difference between gold and Bitcoin: Gold is substantially more stable and the graph below shows it all:
The graph comprises of the data taken from Onvista and Coindesk. So, if you are looking to make a safe investment, Gold is still the way to go.
News Credit: BusinessInsider
According to Fintech Finance reports, Smart Package, which is an application of US trade giant Walmart, has been released by the US Patent and Trademark Office (USPTO) on 1st March. Smart Package patents employ a tool, based on blockchain to track down the location, environmental conditions, package contents, and other details. The main purpose of such blockchain applications is to be used in the latest technologies like unmanned drones etc.
Such blockchain applications help in recording the main addresses like; seller private key address, a buyer private key address and a courier private key address. According to this application, the current tracking instruments don’t offer such coveted functionality yet. Fintech Finance also reported that Smart Package application was first filed by Walmart in August 2017. This application isn’t the first one, in which Walmart has utilized Blockchain technology because, Walmart merged with IBM, back in 2016.
UPS, which is a US shipping company joined BiTA in November 2017 because, blockchain technology is quite popular among delivery and shipping companies. Publication of a non-conditional patent application occurred almost 18 months before its initial precedence date in the US. Once it’s published, USPTO can use a patent application to reject the third-party patent applications for the correlated technology.
A bogus dark-web website offering hitman services had its information leaked by a hacker known by the name “bRpsd”. The data that was disclosed provide leads to the FBI on their investigation of a man who murdered his wife.
Stephen Carl Allwine, 47, of Cottage Grove, Minnesota, murdered his wife, in November 2016. Allwine tried to stage the murder as a suicide by placing a 9mm pistol next to Amy Allwine’s elbow. Although, the detectives were quick at gathering the electronic evidence- computers etc. and arriving at the conclusion that it was a murder. He was then arrested in late January and charged with second-degree murder based on the forensic interpretation of the evidence.
Hacker turns Hero
In May 2016, a hacker that goes by the name “bRpsd”, violated the database of a questionable website on the dark web, which supposedly offered hitman services.
The site, “Besa Mafia”, requires you to register on the site anonymously. It offers a link between customers and hitmen, where they can decide on a price for murder, ranging from $5000 to $200,000. Whereas, customers that just require having someone beat up or set their car on fire could hire contractors for $500 and $1000.
The data dump was uploaded by the hacker onto a public website which was consisting of user accounts, email addresses and messages between the admin and its clients, “hit” orders and a folder called “victims”, which included additional info on the pawn.
The scam nature of the site was emphasized on, pointing out that it clearly just collected money from its clients.
An independent researcher, Chris Monteiro, also hacked into the site to conclude that the owner(s) of Besa Mafia had made at least 50 bitcoins ($127,500) from the hoax operation.
Arrest of Stephen Carl Allwine
The leaked data from the Besa Mafia database helped the police in investigating the murder of Mrs. Allwine. While analyzing her husband’s devices, the discovered that he had been a frequent visitor of the dark web since 2014. The pseudonym used by Mr. Allwine on the dark web “dogdaygod”, was also linked to his email address, “email@example.com”. Further investigation brought them upon the conversation between Besa Mafia and Allwine, which included a bitcoin address and linked the husband directly to the “dogdaygod” pseudonym.
According to a criminal complaint, the suspect paid between $10,000 to $15,000 to the hitman service to kill his wife. The complaint explains how the hitman was under instructions to shoot Mrs. Allwine at a close range and burn down the house right after.
Although, the Besa Mafia communicator told Allwine that “local police [have] stopped the hitman [from] driving a stolen vehicle and taken [him] to jail prior to the hit,” due to which the service is left incomplete. Sergeant McAlister reported, during that time, “no one was apprehended in Minnesota and western Wisconsin in a stolen vehicle and possession of a gun.”
The hacker’s data breach provided a push to the investigators in the right direction. On March 24, 2017, the Washington County District charged him with first-degree murder.
Burger King has taken the world by a storm as they launched their all new cryptocurrency “WhopperCoin” in Russia.
Reportedly, with each purchase of their signature Whopper sandwich, customers can now get WhopperCoin tokens through a digital wallet. The token is based upon the Waves blockchain. It allows users to trade, transfer and issue tokens, on an integrated peer-to-peer exchange.
Customers can transfer and trade their coins online or simply use them to purchase food from BK. Although, the actual exchange rate for such transactions has not been revealed yet.
Just a year ago, Bitcoin users were threatened with being thrown in jail if they were ever caught using cryptocurrencies but that was soon to change. It is pleasing to know that the Russian Government has relaxed its grudge on cryptocurrencies.
The Burger King chain is set to launch an app for the digital tokens in both the Apple Store and Google Play in the coming future.