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Transnational Cybercrime Group Co-Founder Who Amassed $568M Pleads Guilty

A Russian national behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million.According to the announcement made by the U.S. Department of Justice, or

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Decred Co-Founder Calls PayPal and Crypto ‘An Odd Combination’

PayPal could be gearing up to work with crypto assets, according to recent rumblings, although Decred co-founder Jake Yocom-Piatt is unsure of those rumors' validity.“It's hard to say whether these are rumors or not regarding PayPal accepting cryptocurrencies soon," Yocom-Piatt told Cryptox via email correspondence when asked about the rumors. The pairing does

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Baseline Co-Founder Says Crypto Is ‘Pre-CompuServe’ an Still in Its Early Days

ConsenSys developer and Baseline Protocol co-founder, John Wolpert, has predicted that we may still be decades away from seeing wholesale mainstream adoption of crypto assets and distributed ledger technologies.“My personal point of view is that these things tend to run in 20-year cycles,” Wolpert told Cryptox.“Everybody who's running companies today

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Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments

On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory.Bitmain Cofounder Micree

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Reddit’s Co-Founder Believes We Are In ‘Crypto Spring’

Reddit co-founder Alexis Ohanian has described the virtual currency ecosystem firmly sitting in “crypto spring,” emphasizing the strength of development surrounding meaningful applications for blockchain technology.In an interview with Yahoo Finance published May 23, Ohanian stated: “We really do see a crypto spring right now in terms of top-tier engineers,

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Bitcoin’s Halving Incentivizes Miners to Sell for Double, Decred Co-Founder Says

Decred co-founder and project lead Jake Yocom-Piatt predicts that the coming reduction in Bitcoin's (BTC) mining payout will have miners upping prices."Since the Bitcoin halving means that miners will receive half as many Bitcoins for the same amount of work, this doubles the unforgeable costliness of creating Bitcoin," Yocom-Piatt told Cryptox in a

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