Record

On July 31, the architect of the infamous Twitter hack was arrested by the US police. It is a 17-year-old teenager from Florida with a good track record of other scams.

A programmer of Romanian origin named Silviu Balaci was sentenced to five years behind bars and a fine amounting to $250,000 for running the BitClub Network mining scam.

An American involved in a $722 million cryptocurrency scam was arrested in Jakarta, Indonesia, Southeast Asia, for sex crimes and child molestation.

In March 2020 Bitcoin price volatility surged to a record high, due to massive sell-offs and panic on the market. However, recent researches of the cryptocurrency show that long term Bitcoin holders, aka Hodlers, are not in a hurry to sell their tokens.

Blockchain tech is a communication protocol, a tool based on decentralized system logic - a system where info isn’t kept on a single machine but rather on several devices linked together, known as nodes.

Since December last year, Bitcoin has unquestionably blown up higher and higher. As we talk now, the dominant altcoin is up by more than 35% since its bottom of $6,600 (Dec 17, 2019).

Most, if not all, digital systems are exposed to cyber security risks, thus, it is vital to innovate solutions to protect them and record proof of possible attacks.

Adoption in digital currencies, especially Bitcoin (BTC), appears to be growing at a high rate in the Hong Kong SAR. Last week, a Bitcoin startup firm LocalBitcoins saw its peak trading volume ever in the special administrative region Hong Kong.

Dr. Scott Stornetta is the blockchain co-inventor quoted in the Bitcoin whitepaper written by Satoshi Nakamoto, who created the first cryptocurrency in 2009.