The Bitcoin mining difficulty has increased for the 7th consecutive time with the difficulty now standing at 60,813,224,039 – a gain of 2.49% over the September 17th adjustment.
The Daily Mail reports (archive) a 53 year old ex-soldier has been jailed after he attempted to blackmail an elderly pumpkin farmer into paying him £50,0001 in bitcoin. Fearing for his livelihood, farmer David Bowman reported the threat to police and was then instructed by the UK's Foods Standards Agency to plough the field of concern, resulting in the loss of £120,0002 of stock. Continue reading
A heavily redacted document detailing the deposition of CoinFire editor Michael Johnson regarding what were threats presumably made by Homero Joshua Garza of GAW Miners and his cohorts has been released. While the document does not mention Mr Garza by name, it is clear to anyone familiar with the GAW Miners and Paycoin debacles that many of the numerous gaps in the document are a reference to him and his partners in crime.
The original PDF document is available here, and the text of that document is quoted below. It outlines threats of assassination as well as Michael Johnson's eagnerness to work with LEA due to concerns for his own safety as well as that of family, friends and colleagues. Continue reading
Despite entering a plea of not guilty earlier this year, Trendon Shavers AKA pirateat40 has plead guilty to one charge of securities fraud related to the operation of a ponzi scheme, better known as the Bitcoin Savings and Trust. As reported by Reuters (archive), Shavers has agreed not to appeal any sentence at or below 41 months in duration and will face sentencing early next year on February 3rd.
Today's adjustment in the Bitcoin mining difficulty sees it grow to a total of 59,335,351,234, an increase of 4.17% over the September 4th update. Today's change also marks the 6th consecutive increase, a streak which began back in July of this year.
Former Coin Brief author Ali Shukri Amin, who pleaded guilty to a charge of "conspiring to provide material support to terrorists" in June of this year has been sentenced by U.S. District Judge Claude M. Hilton to a period of 11 years in prison. In addition to his prison sentence, the 17 year old will face a lifetime of supervised release with added redundancy in the form of monitoring any of his future internet activity.
Speaking to Amin's sentence, U.S. Attorney for the Eastern District of Virginia Dana J. Boente remarked: Continue reading