You have not selected any currencies to display
Home Blog Page 5

The most recent version of the Zeus Bitcoin wallet is rejected by Apple.

An updated version of the Zeus app, a Bitcoin wallet with Lightning Network support, was recently rejected by Apple.

Only a day earlier, Apple had issued a warning to Damus, a different Bitcoin-related app, about the tipping function in that app.

These moves emphasize Apple’s worries with regard to cryptocurrency-related app functionality and the requirement for appropriate licenses and permissions.

The app’s facilitation of the transmission of virtual money without being filed by a legitimate financial institution or exchange, according to Evan Kaloudis, founder of Zeus, is what caused Apple to reject it.

Apple asked for documentation proving the required permits and licenses before providing software with bitcoin exchange capabilities.

Since the app is a non-custodial wallet and lacks crypto exchange features, Zeus is now in talks with Apple to find a solution.

Given that Zeus is largely a software interface, according to Tether CTO Paolo Ardoino, being non-custodial should make it simpler to address the issues. In the App Store, users may still access the old version of the Zeus app.

Following Apple’s caution to Damus on the app’s Bitcoin tipping functionality, the Zeus app was rejected. In order to keep the “zaps” capability at the profile level, Damus has been given permission to remove it from all content areas.

In the future, William Casarin, the creator of Damus Core, intends to submit the app again with zaps because he is certain it does not contravene any rules.

After stealing unreleased Ed Sheeran songs and selling them for Bitcoin, a UK hacker was ordered to pay £100,000

Adrian Kwiatkowski, a computer hacker from Ipswich, England, who went by the handle “Spirdark” and orchestrated a lucrative scam involving the theft and selling of unreleased music by well-known recording artists, has been ordered to pay back £100,000.

When police caught him, his illegal activities—which included exchanging the stolen music for bitcoin on the dark web—came to a stop.

Adrian Kwiatkowski, an Ipswich, England native, was given an 18-month prison sentence in October of last year for his role in stealing unreleased music from several well-known musicians, such as Ed Sheeran and Lil Uzi Vert.

His evil scheme comprised breaking into private internet accounts belonging to well-known management organizations without authorization.

Surprisingly, when investigators looked through Kwiatkowski’s hard drive, they discovered an astounding collection of more than 1,200 unheard songs.

Kwiatkowski amassed a sizeable sum of more than £130,000 by selling the stolen songs for cryptocurrencies on the dark web under the alias “Spirdark.”

His illegal actions, nevertheless, weren’t ignored. His activities were reported to law authorities, which prompted the Manhattan District Attorney’s Office to launch a thorough inquiry.

The inquiry was successful in locating Kwiatkowski’s Ipswich residence using the email address used to create Spirdark’s Bitcoin account.

Kwiatkowski admitted guilt to 14 charges of violating copyright, three counts of abusing computers, and three Proceeds of Crime Act violations after the inquiry. He faced justifiable judicial repercussions for his serious crimes.

A crucial step in the case occurred on May 26, 2023, when the court issued a confiscation order compelling Kwiatkowski to pay back £101,053 to the authorities.

He now has three months to make good on this financial commitment. His prison term will be extended by an extra 18 months if he doesn’t cooperate.

Kwiatkowski is required to hand over 2.64 bitcoin, valued £49,528 under the provisions of the confiscation order.

This significant action represents the Police Intellectual Property Crime Unit’s (PIPCU) first ever bitcoin confiscation.

In addition, he must forfeit £51,975 from his bank accounts. These steps make sure that Kwiatkowski won’t be able to continue receiving money from his illegal operations.