Bitcoin first mentioned in the US Supreme Court Opinion

On Thursday Bitcoin made its first appearance in an opinion issued by the US Supreme Court
21 June 2018   524

The case, Wisconsin Central Ltd. v. United States, is not connected with bitcoin’s regulatory or legal status. It checked whether employee stock options perform  taxable compensation under the Railroad Retirement Tax Act of 1937. That might  seem like an unlikely location for a  bitcoin discussion to be kept, but, however, as justices noted in both the majority and dissenting opinions, the matter made them to consider a fundamental question that has also taken on a renewed importance in the decade following the publication of the Bitcoin whitepaper: “What is money?”

Finally, the 5-4 majority stated that employees should not be taxed for exercising stock options since the action does not constitute “money remuneration.” Nevertheless, writing in a dissenting opinion, Justice Stephen Breyer reasoned for a “broader understanding of money” and claimed that stock options should be classified as taxable compensation.

Breyer, J.
Breyer, J., dissenting

Breyer’s opinion, which contained a citation to Money: The Unauthorized Biography -  From Coinage to Cryptocurrencies, referred bitcoin as an example of the changing nature of money and supposed that “perhaps one day employees will be paid in Bitcoin or some other cryptocurrency.”

When Thursday noticed the first instance of the word “bitcoin” being embelled in a Supreme Court opinion, it’s unlikely to be the last. Actually, cryptocurrency’s perceived association with drug trafficking and other criminal activities could make a prominent appearance in a case whose petition is presently expected before the Court.

G Suite & Target Twitter Accounts Hacked

Scammers hacked verified G Suite and Target Twitter account to use it for another fake "crypto giveaway"; 5.8634 bitcoins received
14 November 2018   112

Twitter accounts of one of the leaders in US retail Target and Google G Suite services were hacked by unknown, who immediately announced the free giveaway of bitcoins. The legitimate owners returned access to their pages quickly enough, but fraudsters still managed to get about $ 30,000.

After hacking the account G Suite, which has more than 800k subscribers, announced the distribution of 10 000 BTC. As reported by The Next Web, this post was deleted after 10 minutes. At the moment, Google has not commented on the situation.

Scammers message
Scammers message

Account Target, which has a little less than 2M subscribers, announced the distribution of 5 000 BTC.

Representatives Target confirmed hack of account, starting an investigation into the circumstances of the incident.

Early this morning, our Twitter account was inappropriately accessed. The access lasted for approx. half an hour & one fake tweet was posted during that time about a bitcoin scam. We have regained control of the account, are in close contact with Twitter & are investigating now.

As exploers show, there were no transfers to the of hackers of the G Suite account. However, with the help of a post on the Target page, attackers were able to get 5.8634 bitcoins.