Greece Detains Russian Alexander Vinnik for Bitcoin ‘Fraud’

Greece Detains Russian Alexander Vinnik for #bitcoin Fraud

  • ATHENS — A Russian arrested in Greece on suspicion of running a money laundering operation through a bitcoin platform is 38 year old Alexander Vinnik, police sources said on Wednesday.
  • Greek police earlier said the suspect, who was picked up on a U.S. warrant, was thought to have used bitcoin to launder ‘at least’ $4 billion earned through illicit activities.

A Russian arrested in Greece on suspicion of running a money laundering operation through a bitcoin platform is 38 year old Alexander Vinnik, police sources said on Wednesday.
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The Economist explainsHas the bitcoin civil war come to a peaceful end?

  • Last week a majority of bitcoin “miners”—firms and individuals operating powerful computers that process transactions in the crypto-currency before they are confirmed—signalled support for an upgrade of the system to increase its capacity.
  • At issue is the size of a “block”, the name given to the batches into which bitcoin transactions are assembled before they are confirmed.
  • One question is what bitcoin should be: more like gold (smallish and secure) or more like cash (and comparable to a conventional payment system)?
  • Another is how decisions should be taken: by committee or by market forces (for example: making the version of the bitcoin software that is preferred by a large majority of miners the standard)?
  • And should it occur, bitcoin’s brand would suffer, perhaps fatally: it could lose its role as the anchor for other crypto-currencies to Ethereum, a rival system—an eventuality insiders call the “flippening”, which would occur when the value of the “ether” issued by Ethereum overtakes that of bitcoin.

THE crypto-catastrophe seems to have been averted: the price of bitcoin is moving back up towards $3,000.
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Manchester Mobike review – better than London’s ‘Boris bikes’

  • But Mobikes are significantly better than London’s hire bikes, or any I’ve tried in other cities across the world.
  • The other day I merrily left one in the Northern Quarter, a part of the city I have avoided by bike since mine got stolen there earlier in the year.
  • In London I’ve had many infuriating experiences — notably, cycling to Euston on a Boris Bike to catch a train, only to discover the nearest docking station (which is still five minutes walk away from the platforms) is full.
  • They hope the bikes will save them money, because Mobike has promised to share with them data showing where the bikes are most commonly ridden, which should help them plan future cycle infrastructure.
  • Last night I really struggled to lug a Mobike up the steps to Regent Road when the riverside bike route suddenly stopped.

A week after the dockless, cashless Chinese bike sharing scheme hit Manchester, the Guardian’s North of England editor Helen Pidd is already hooked
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Here’s Everything Leaving And Coming To Netflix In August 2017

Here’s everything leaving and coming to Netflix in August

  • On the one hand, Netflix is adding a number of anticipated originals, such as “Marvel’s The Defenders,” “Brad Paisley’s Comedy Rodeo,” and “Wet Hot American Summer: Ten Years Later.”
  • Some of your favorite movies are on the way, too, including the “Matrix” trilogy, “Jackie Brown” and “Bad Santa.”
  • On the other hand, August could be super bad, as Netflix is losing “Superbad.”
  • Here’s what’s arriving:

    “A Cinderella Story”“Bad Santa”“Cloud Atlas”“Crematorium” (Season 1)“Everyone’s Hero”“Funny Games” (US)“Innerspace”“Jackie Brown”“Lord of War”“Maz Jobrani: Immigrant” (Netflix Original)“Nola Circus”“Opening Night”“Practical Magic”“Sleepy Hollow”“Small Soldiers”“Surviving Escobar ― Alias JJ” (Season 1, Netflix Original)“The Addams Family”“The Astronaut’s Wife”“The Bomb”“The Hollywood Masters” (Season 1)“The Last Mimzy”“The Matrix”“The Matrix Reloaded”“The Matrix Revolutions”“The Number 23”“The Royal House of Windsor” (Season 1)“The Truth About Alcohol”“The Wedding Party”“Tie the Knot”“Who Gets the Dog?

  • ”“Wild Wild West”

    “Jab We Met”“The Founder”

    “Sing”“The Invisible Guardian”

    “Icarus” (Netflix Original)“Voltron: Legendary Defender” (Season 3, Netflix Original)″Wet Hot American Summer: Ten Years Later” (Season 1, Netflix Original)

    “My Little Pony: Friendship Is Magic” (Season 7, Episodes 1-13)

    “Diary of an Exorcist ― Zero”

    “Atypical” (Season 1, Netflix Original)“Home: Adventures with Tip Oh” (Season 3, Netflix Original)“Naked” (Netflix Original)“True and the Rainbow Kingdom” (Season 1, Netflix Original)“White Gold” (Netflix Original)

    “Arthur and the Invisibles”“Hot Property”“Mission Control: The Unsung Heroes of Apollo”

    “The Outcasts”“Urban Hymn”

    “Barbeque”“Brad Paisley’s Comedy Rodeo” (Netflix Original)“21”“A New Economy”“All These Sleepless Nights”“Donald Cried”“Murderous Affair” (Season 1)“My Ex-Ex”“The Sweet Life”

    “Dinotrux” (Season 5, Netflix Original)“Glitter Force Doki Doki” (Season 1, Netflix Original)“I Am Sam”“Marvel’s The Defenders” (Season 1, Netflix Original)“What Happened to Monday” (Netflix Original)

    “AWOL”“Bad Rap”“Beautiful Creatures”“Gomorrah” (Season 2)“Unacknowledged”

    “Lynne Koplitz: Hormonal Beast” (Netflix Original)“Sadie’s Last Days on Earth”

    “Disjointed: Part 1” (Netflix Original)“Death Note” (Netflix Original)“DreamWorks Dragons: Race to the Edge” (Season 5, Netflix Original)“Once Upon a Time” (Season 6)

    “Bring It On: Worldwide #Cheersmack”“Ryan Hamilton: Happy Face” (Netflix Original)“The Good Place” (Season 1)

    Here’s what’s leaving:

    “10 Things I Hate About You”“Justice League Unlimited” (Seasons 1-2)“Justice League” (Seasons 1-2)“Babe”“Babe Winkelman’s Outdoor Secrets: 2014: Quarter 4”“Babe: Pig in the City”“Beneath the Helmet”“Black Widow”“Dirty Mary, Crazy Larry”“Electric Slide”“Elizabethtown”“From the Terrace”“From Time to Time”“Goodbye World”“Horsemen”“Hunter X Hunter” (Seasons 1-5)“Josef Fritzl: Story of a Monster”“Malibu’s Most Wanted”“Prefontaine”“Russell Brand: End the Drugs War”“Russell Brand: From Addiction to Recovery”“Teacher’s Pet”“The Delivery Man” (Season 1)“The Diabolical”“The Heavy Water War” (Season 1)“The Hunt” (Season 1)“The Little Engine That Could”“The Lizzie McGuire Movie”“The Verdict”“Young Justice” (Seasons 1-2)“Young@Heart”“Zack and Miri Make a Porno”

    “Pelican Dreams”“Personal Gold: An Underdog Story”

    “Human Capital”“The Spoils of Babylon” (Season 1)

    “Four Blood Moons”“Jesus People: The Movie”“Patch Town”“Two Days, One Night”

    “American Dad!”

Will August be great or super bad?
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Welp, Bitcoin Might Still Fork on August 1

Bitcoin is back on its bullshit, might still fork on August 1

  • The new version of bitcoin, which supporters are calling “Bitcoin Cash,” is being pitched as a refuge for bitcoiners who want the virtual currency to scale up to worldwide adoption but who don’t agree with some of the more popular proposals to do so.
  • This might surprise you if you’ve been following the “scaling debate,” an ongoing war of words between elements of the bitcoin community regarding how best to implement a code change that would allow the network to handle more transactions.
  • For about two years, the bitcoin community has been careening towards the possibility of a fork that would split the network into two versions; one that will support the code change, and another that won’t.
  • So, Bitcoin Cash is a new contingency plan intended to come into effect if on August 1 the network isn’t in agreement, causing instability.
  • The “cash” part is a nudge-and-a-wink to people who believe that bitcoin should be a low-cost payment network for everybody, and that big blocks are the solution.

What is ‘Bitcoin Cash’?
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VP Mike Pence’s New Chief Economist is a Bitcoin Supporter

  • Bitcoin supporter Mark Calabria from the Cato Institute has been selected to serve as Chief Economist for Vice President Mike Pence.
  • The Vice President of the United States, Mike Pence, has selected a well-known libertarian and Bitcoin advocate, Mark Calabria, as his chief economist.
  • Mark Calabria is not the first Bitcoin advocate to join the ranks of the Trump administration.
  • In 2015, Calabria expressed his concern with regards to Bitcoin regulations, saying:

    The Congressional Blockchain Caucus hopes to improve the approach to regulating cryptocurrencies through education about Bitcoin and blockchain technology.

  • Will the addition of Mark Calabria as Chief Economist help push Bitcoin adoption forward?

Bitcoin supporter Mark Calabria from the Cato Institute has been selected to serve as Chief Economist for Vice President Mike Pence.
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LedgerX Gets U.S. Approval for Derivatives on Digital Currencies

  • NEW YORK — The U.S. Commodity Futures Commission said on Monday it has granted New York-based LedgerX, a bitcoin options exchange, the first license to clear and settle derivative contracts for digital currencies.
  • The license authorizes LedgerX to provide clearing services for fully collateralized digital currency swaps.
  • LedgerX, which was also granted a license to operate as a swap execution facility early this month, initially plans to clear bitcoin options, the CFTC said in a statement.
  • The CFTC, however, also clarified in its statement that the approval of LedgerX’s license “does not constitute or imply a commission endorsement of the use of digital currency generally, or bitcoin specifically.”
  • With the settlement and clearing license, participants in the LedgerX trading platform will be able to hedge bitcoin and other digital currencies using exchange-traded and centrally cleared option contracts.

The U.S. Commodity Futures Commission said on Monday it has granted New York-based LedgerX, a bitcoin options exchange, the first license to clear and settle derivative contracts for digital currencies.
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