Welcome to In Case You Missed It (ICYMI), a quick set of laundered money brought to you by your favorite shadow broker, Linzerd. Criminals use Fortnite V-Bucks to launder money. Bitcoin Cash has a good On-Off Ratio. Grin now accepted for membership payments at BitcoinTalk forums. Bitfury launches blockchain music service. Coinstar will offer bitcoin in kiosks, and Unit-e is the next Bitcoin killer.
Fortnite V-Bucks Used as Tool for Money Laundering
A new article by The Independent claims the popular in-game currency V-bucks, used for purchasing items in Fortnite, one of the most popular online games right now, is used by criminals to launder money. According to the source, criminals sell the currency at discounted prices to children in black markets, and they are able to clean the money obtained by different illegal activities. Black market vendors accept cryptocurrency only as a means of payment for the V-Bucks.
More On-Off Ratio Numbers
Top 5 Coins by MC – On-Off Ratio:
This tells us how many $ moved on a blockchain per $ moved on exchanges
– EOS, ETH, + XRP ~stay < 1
– XRP has the highest StdDev = 8.2
– Mid-Nov: BTC trended < 1 (Ave = .8) + BCH > 1 (Ave = 2.6)
— Peter Ryan (@_PeterRyan) January 17, 2019
Peter Ryan, an investigative journalist from Coindesk, revealed the lastest of his numbers about On-Off Ratio. This measure indicates the number of dollars that are moved on the blockchain per dollars moved in exchanges. Peter found out during last November, the Bitcoin Cash (BCH) ratio, for example, went up to 2.6; per every dollar moved in exchanges, 2.6 were moved in the BCH blockchain. A nice way of separating true adoption from exchange speculations.
Grin Accepted for BitcoinTalk Forum Payments
Grin, the new privacy cryptocurrency, is making headlines. Less than a week after it has been created, Theymos, the administrator of the BitcoinTalk forum, announced in a blog post they will be accepting Grin for payments for memberships in the forum. “Grin is new and clunky to use… I don’t recommend buying or not buying Grin,” he declared. This is the first time an altcoin is accepted for payments on BitcoinTalk. However, it is strange to offer support for a novel coin.
BitFury Launches Blockchain Based Music Service
BitFury, a blockchain global company, launched a blockchain-based music service. The platform, called SurroundTM, will allow better transmission of secure and copyrighted music works through the use of blockchain technology, according to Reuters. The idea of this platform is for users to engage the market instead of only consuming the product while respecting the intellectual property rights.
Coinstar Partners with Coinme to Offer Bitcoin in Kiosks
Coinstar, a Seattle based company that deploys kiosks to convert spare change into gift cards all over the country, has partnered with Bitcoin ATM maker Coinme to offer Bitcoin at several of their kiosks in California, Texas, and Washington. The kiosks are all located in Albertsons and Safeway stores. Customers will have to use cash, and they will be handed a code to redeem on Coinme’s webpage for the bitcoin they purchased.
Unit-e: The Next BTC Killer
A group of scientifics and professors from MIT and other universities have banded together to create what they claim is a kind of “better bitcoin” cryptocurrency. Dubbed Unit-e, the cryptocurrency aims to do what bitcoin has failed to: scale. This network will be launched in the second half of 2019 and is expected to reach more than 10,000 transactions per second, significantly more than BTC.
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