Withdrawal of $169M from the exchange, Russian detained

Are these situations connected? Let's figure it out
26 July 2017   3008

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Law enforcement agencies of Greece detained a Russian, wanted by the US authorities on suspicion of laundering $ 4 billion through transactions with bitcoins. This is reported by The Associated Press referring to the statement of the Greek police.

The suspect was detained in the morning of July 25 in one of the hotels. His name is not called, it is known only that he is 38 years old. During the detention from the hotel room in which he lived, electronic equipment was seized.

What was the scheme of money laundering is not specified.

The charge for money laundering to a man was filed in 2011. According to the Greek authorities, the detainee is headed by a criminal group that owns one of the world's largest cybercrime sites. The name of the site is not specified.

Also, an interesting coincidence arise. Popular cryptocurrency exchange is anavailable for more than 24 hours now.

At the moment, btc-e.nz is available, but there is only a stab with Twitter.

btc-e.nz stab
btc-e.nz stab


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Reddit users, that are writting under #btce, suggest that the exchange could be closed or be hacked. It is also possible that fraudsters have access to funds in bitcoin-purses.

Indirectly, this version is confirmed by Twitter users who reported that unknown hackers withdrew  $ 169M from the exchange.

One Twitter user even created a "timeline".

Does these two situations connected? Well, time will show. 

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.