Riot Games Owner Identity Theft: $5 Million Worth of Crypto Mined

Marc Merril, the game developer and founder of Riot Games, recently became a victim of identity theft. Merril’s identity was reportedly used by a man from Singapore who attempted to utilize Amazon Web Services and Google cloud computing power for mining cryptocurrencies. Yesterday, Forbes revealed that Merril was indeed the anonymous victim of the identity theft scheme. Marc Merill is most famous for being the developer behind one of the most popular games in the world – League of Legends. The criminal, Matthew Ho, started using Merill’s American Express credit…

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Sophia The Robot Asked About Crypto: No Skynet References This Time

Artificial Intelligence (AI) is something that will slowly become a bigger part of everyday life. While some people are excited about the opportunities which AI technology will provide, others have already felt replaced and defeated by it. A few years ago, Elon Musk, agreed to allow the AI bot from his startup OpenAI to learn to play Dota 2. At first, the results were expected as the bot struggled to walk in a straight path and found itself unable to win a single game for some time. After a short…

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Cointipping and Why It’s on Its Way Out

Cointipping and why it’s on its way out Cointipping is most definitely one of the most popular forms of using cryptocurrencies nowadays. Sure, it will never surpass the popularity of trading these coins on an exchange, but it’s a great liquidity source for most people who enjoy digital products or services. One of the most common ways to use one’s crypto portfolio in the past was to buy video games on various game markets, but Steam was arguably the most popular. However, the company that owns Steam decided to distance…

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Draft Document Issued: European Union Needs Towards Digital Euro

The idea about a European digital currency is slowly picking up steam. Last week, CoinStaker reported on the Association of German Banks (Bankenverband)’s request for the development of a digital euro. A week later, the European Union has now issued a draft document in which it strongly suggests that all member states should very carefully consider the idea of issuing a united European digital currency. The draft document is still subject to amendments Yesterday, Reuters’ report on the draft in question, showcased that the draft is still subject to amendments.…

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Blockchain ID System to be Introduced in Chinese Smart Cities

China is slowly, but surely moving it’s blockchain game up a notch. A brand new and independently developed blockchain-based ID system for Chinese cities is now in the works. Yesterday, the Chinese tabloid Global times reported that the brand-new blockchain ID system was launched simultaneously by three institutes in the city of Shijiazhuang. This new system will be assigning a unique digital ID to the Chinese smart cities and thus aim to improve the connection and data sharing between them. Chinese Smart cities have been able to begin applying for…

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Smart City. China’s Futuristic Concepts for the Future of Urban Life

In this in-depth view of China’s Smart Cities, we will see how China plans to tackle the biggest problem of modern cities and systematically support and improve the lives of all its citizens. Overpopulation is becoming a serious issue. Especially in countries like China. General introduction to the future Smart City It’s estimated that by 2025 China will have more than 1 billion people living in urban areas. To sustain this incredibly large urban population, China has invested heavily in Smart Cities.  There are more than 200 pilot smart cities…

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United States National Debt: 23 Trillion Reasons to Buy Bitcoin

In modern times, reality often goes ignored, especially when it comes to the financial world. Politicians thump their chest about low unemployment and a growing economy, while the mass media spews lie after lie about every possible statistic there is. Meanwhile, the United States national debt has slowly crept up to over $23 trillion. Currently, the debt per citizen is $69 752 and the debt to GDP ratio is 106.67%. The United States national debt has been discussed for quite a while. Some of the more vocal bitcoin advocates have…

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Coinbase Reveals Bitcoin Has Been Outperforming Stocks Since 2013

Last month, CoinStaker revealed that despite the high volatility and the negative media coverage, bitcoin was so far, the best performing asset in 2019. At the time of writing, the article showcased that bitcoin had shown over 116% growth since the beginning of the year. Today, almost a month later, that growth is up to 132%. A recent report by the United States-based crypto exchange Coinbase, reveals that bitcoin is also outperforming the world’s most popular stock indexes by a mile. The report however, doesn’t only focus on 2019 and…

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Bitcoin Future Scam in Malta is an Alternate Version of Bitcoin Revolution

A previously known bitcoin scam has reappeared in Malta under a brand-new name. Malta’s Financial Services Authority (MFSA) issued a warning that the entity known as “Bitcoin Future” is displaying the same characteristics as the scam known as “Bitcoin Revolution”. Bitcoin Revolution is nothing new in Malta and MFSA has already issued two public warnings. Both scams appear to follow the same strategy – appear as adverts on various websites while constantly changing their names and logos in order to avoid detection. Bitcoin Future uses previously known false adverts The…

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Returning to China: Binance Office Rumored to be Opening in Beijing

It seems that Binance might finally be returning to China. There are rumors about a brand-new office opening in Beijing in the near future. Binance officially left China back in September 2017. This was due to the Chinese government’s decision to ban all forms of crypto trading. 2 years later, the company is looking to make its way back into China and open a second office in the country. Currently, there are no official statements by the exchange to confirm the rumors, but there is a rapidly increasing number of…

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