Category Archives: Blockchain

US Navy Investigators Bust Bitcoin Drug Ring at Naval Academy

Despite recent claims that bitcoin is becoming less popular for illicit dealings on the dark web, investigations show that it is still the payment method of choice for many. The most recent example comes from the US Navy, where a few entrepreneurial cadets reportedly used bitcoin to buy drugs which they distributed to their classmates for profit. US Navy investigators have uncovered an alleged drug ring at the U.S. Naval Academy in Annapolis, Maryland, involving between ten to two-dozen suspects. Three cadets are accused of buying cocaine, ketamine and LSD on the dark web using bitcoin and selling the drugs to their classmates. The investigation reportedly began nearly three months ago after one midshipman informed the authorities about the drug trade on the base. The top brass ordered a surprise drug test for all 4,500 cadets before dawn on Wednesday morning and DEA drug-sniffing dogs discovered cocaine in the room of one of the suspected users. The cadet suspected of owning the cocaine was at athletic practice at the time and she reportedly made a run for it but was caught and taken in for questioning.

Reference: https://news.bitcoin.com/us-navy-investigators-bust-bitcoin-drug-ring-naval-academy/

Cryptocurrency Exchange Poloniex Has Been Bought by Circle

Payment company Circle has announced that it has purchased Poloniex cryptocurrency exchange. Rumors of the acquisition had been circulating for weeks, and were finally confirmed today in press releases issued by both parties. Poloniex is one of the most well established cryptocurrency exchanges, but has been stagnating. It is hoped that the partnership will revitalize its fortunes while bolstering Circle’s presence in the crypto market. When the story of Circle purchasing Poloniex surfaced on an obscure site called Modern Consensus, it was shot down as fake news. It turns out, the story was accurate and the news was very real. “Circle and Poloniex Accelerate the Emerging Token Economy” reads the headline of the press release Circle issued on February 26 at 8am NYT. Circle is already invested in crypto via its Circle Trade app, but Poloniex connects it to a main artery at the heart of the crypto ecosystem.

Reference: https://news.bitcoin.com/cryptocurrency-exchange-poloniex-bought-circle/

Get a Bitcoin, Periodic Table or Fibonacci Sequence Fashion Dress

The Bitcoin dress is the brainchild of designer Holly Renee, who began her overall fashion project in 2012 as an Etsy page, though she’d been designing since she was a teen. In terms of the Genesis Block dress in particular, the “inspiration behind the dress was wanting to solidify this moment in history,”. The San Francisco based company digitally prints on the fabric, and each dress is made by hand through “sewing artisans.” The process “provides a zero-waste print-to order technology. The textile file that is created is printed onto transfer paper, then transferred to the fabric with heat rollers which permanently seals the inks into the fibers. The fabric is then individually cut to size, tagged, sewn and shipped,” according to the company’s site. It’s fitting a crypto dress would be printed digitally, and Shenova describes the process as exciting “because it allows whimsical flexibility, and endless creativity. If you can see it, you can print it (then wear it!) The concept is so great because you can literally take something right off the computer screen and onto your body.”

Reference: https://news.bitcoin.com/hacker-chic-get-a-bitcoin-periodic-table-or-fibonacci-sequence-fashion-dress/

Cryptocurrency Watch : Pascal Coin

Pascal Coin (PASC)

Based on a groundbreaking and unique new idea in the cryptocurrency space, PascalCoin pioneers a new tier of scalability suitable for planetary-scale adoption. It is the first and only cryptocurrency to have broken the 100 transactions per second barrier! By offering simple account numbers that can be associated to emails, company names and domain names, payments have never been easier. PascalCoin’s powerful architecture lays the strong foundation for large-scale smart contracts in the form of Layer-2 protocols.

Current Price: $0.954048 USD
Website: http://www.pascalcoin.org/
Type: Coin
Market Cap: $18,129,297 USD
Circulating Supply: 19,002,500 PASC
Total Supply: N/A

Cryptocurrency Watch : MonetaryUnit

MonetaryUnit (MUE)

Launched in July 2014 Monetary Unit is a decentralised, self-sustainable and self-governed cryptocurrency project with long term goals. Our focus has always been to create a cryptocurrency that is accessible to all and breaks away from the stigma of being understood not only by the tech industry but be an attractive offering for developers, crypto heads and the general public alike.

Maintained by a friendly and committed community and with many exciting projects on the horizon, here at MUE, we continue to innovate and build on our reputation to launch into the mainstream as the most trusted and exciting cryptocurrency project in the market.

Current Price: $0.124422 USD
Website: http://www.monetaryunit.org/
Type: Coin
Market Cap: $15,868,889 USD
Circulating Supply: 127,540,861 MUE
Total Supply: 4,000,000,000 MUE