Connect with us

Cryto Mining

Siddaramaiah slams BJP for accusing his deceased son in Bitcoin scam – India Today

Published

on

Jump to navigation
Speak Now
Former Karnataka Chief Minister Siddaramaiah on Thursday, November 18, slammed the Bharatiya Janata Party for dragging his deceased son’s name into the recent bitcoin scam.
It has been 5 years since my son left us but our family is still grieving. It is unfortunate he will not be able to reply to the allegations on him.@BJP4Karnataka is trying to get personal to pursue their dirty agenda in politics.
The BJP’s Karnataka unit had posted a photo of Siddaramaiah’s deceased son Rakesh with two friends of Bitcoin scam accused Srikrishna Ramesh’s — Suneesh Hegde and Hemanth Mudappa — who are co-accused in the FIR on the alleged Bitcoin scam.
BJP Karnataka tweeted, “I believe you can recognise everyone who’s in the picture along with Suneesh Hegde and Hemanth. If that’s true, the bitcoin hacking started in your tenure. Siddaramaiah ji you’ve clear info right?”
.

& – !?

, & .

2/n#Bitcoin pic.twitter.com/tTxX93roGb

Read: PM asked me to work with loyalty in interest of Karnataka, didn’t discuss bitcoin scam: CM Basavaraj Bommai
Siddaramaiah hit back at the BJP for dragging his late son into the controversy. The former CM said: ” Rakesh is not alive now. Is Rakesh alive now? Then why are you asking me about that? BJP has no shame. What is the use of talking about someone who’s not alive? They have no shame and manners.”
A bitcoin scam has recently jostled the Karnataka government. Opposition Congress leaders have alleged that “influential politicians” are involved in the scam after officials seized bitcoins worth Rs 9 crore from a city-based hacker, Srikrishna alias Sriki, who is also accused of hacking into government portals, sourcing drugs through the darknet, and paying for it through cryptocurrency.
Read: Karnataka Bitcoin Scam: Meet ‘Big Boss’ Srikky, the hacker who hoodwinked police
Other Congress leaders, too, slammed BJP for tweeting and using the photo of a deceased person. Siddaramaiah tweeted: “It has been 5 years since my son left us but our family is still grieving. It is unfortunate he will not be able to reply to the allegations on him. BJP Karnataka is trying to get personal to pursue their dirty agenda in politics.”

.@BJP4Karnataka has alleged that my son Rakesh was seen with Sri Krishna’s friend Hemant Muddappa.

Then how can we interpret the photo of @narendramodi with Nirav Modi during 2018 World Economic Forum? pic.twitter.com/Gps8q52rxY

He then tweeted a photo of PM Narendra Modi with fugitive diamantaire Nirav Modi during the 2018 World Economic Forum and asked how that image could be interpreted.
ALSO READ | No Bitcoin scam, says BJP; Bengaluru Police denies foul play in investigation
Click here for IndiaToday.in’s complete coverage of the coronavirus pandemic.
Paytm’s D-Street debut disappoints as it lists at 9% discount
India aims to become key semi-conductor manufacturer: PM Modi at Sydney Dialogue
Moto G Power (2022) with Helio G37 SoC, 5000mAh battery launched: Price, specifications 
Samantha is all set to become a bridal makeup artist
All about the first ‘Made in India’ Light Combat Helicopter | Watch
Watch: The moment PM Modi announced rollback of three farm laws
International Men’s Day: “Kya Mard Ko Dard Hota Hai?” Let’s find it out
‘I apologise…’: PM Modi repeals three farm laws | Watch
Vir Das barred from performing in Madhya Pradesh
Watch: Politics erupts after Kartarpur corridor reopening
All about the first ‘Made in India’ Light Combat Helicopter | Watch
Watch: Kartarpur corridor reopens, fully vaccinated pilgrims allowed
Copyright © 2021 Living Media India Limited. For reprint rights: Syndications Today

source

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Cryto Mining

The 10 Fastest-Growing Cryptocurrency Ecosystems In 2021 – Forbes

Published

on

As the cryptocurrency industry grows more fragmented, new data shows which platforms software developers are flocking to.
Two years ago, bitcoin dominated the cryptocurrency market, gobbling up 70% of its market value. But as crypto has ballooned to exceed $2 trillion in assets, the industry has fragmented. Today, bitcoin’s share sits below 40%, and new crypto networks are popping up every day. One way to sift through the clutter and see where the industry is going is to follow the software developers who build and maintain crypto networks. 
“Developers tend to be pretty rational. If there’s something they can play with that has real utility, developers have this ability to go find that thing,” says Avichal Garg, a managing partner at crypto-focused venture firm Electric Capital. He views the number of developers who are working on a crypto network “as a leading indicator of where value will be created and accrue over the next 10 years.” 
Garg co-authored a report with Electric Capital partner Maria Shen that reveals which cryptocurrency platforms attracted the most developers in 2021. They used data from GitHub, the go-to online repository where developers store their code, to estimate how many engineers work on each platform. Their data underestimates the total number of developers, since it doesn’t capture code that’s written privately or the many engineers that work at companies like Coinbase. 
Their research says 18,000 active developers (including both full and part time contributors) are working on cryptocurrency platforms, up from roughly 10,000 a year ago. Garg sees that surge as a validation of the industry’s growth and longevity. Kinjal Shah, an investor at Blockchain Capital, agrees: “When people are voting with their feet and their time, it’s a strong signal that there is something they’re building for the long term,” she says. 
Electric Capital’s research analyzed nearly 500,000 sets of code and 160 million code updates. It compared December 2020 to December 2021 to calculate growth. For the list below, it counted a developer as full time if he or she made at least 10 software updates in a month. 
 
The fastest-growing platforms are all competitors to Ethereum, the second-largest crypto network launched in 2015 that has 1,300 full time developers creating applications on it. Ethereum acts as a decentralized computer that applications can be built on, and it’s maintained by more than 5,000 “nodes” or computers that help validate transactions. One downside of being so widely distributed is that Ethereum can only process about 15 transactions a second (the Nasdaq stock market averages about 20,000 transactions per second), and a single transaction fee can sometimes exceed $100.
All of these fast-growing crypto networks take different approaches than Ethereum to decentralization and “consensus,” the algorithmic process of validating a transaction. They settle transactions faster and have lower fees, and most aren’t as widely decentralized as Ethereum. 
Korea-based Terra was founded by entrepreneur Do Kwon, 30, and launched four years ago. Its UST “stable coin”—a cryptocurrency pegged to the value of a U.S. dollar–has grown quickly to reach a market value of $10 billion, putting it in the top five stable coins in the world, according to crypto data site Messari. San Francisco-based Solana surprised many crypto insiders over the past year as it attracted hundreds of developers and vocal support from crypto billionaire Sam Bankman-Fried. A variety of applications built on Solana, ranging from crypto trading exchanges and lending products to music apps, have become very popular. Solana’s SOL token went from $1.85 in January 2021 to $170 by the end of the year, hitting a market value of $53 billion. 
Near, a protocol founded in the Bay Area in 2017, was launched by Alexander Skidanov and Illia Polosukhin, two engineers who worked previously on the highly regarded MemSQL distributed database system and Google’s TensorFlow machine learning platform. Both Solana and Near were built in Rust, a popular programming language that’s more widely used than Solidity, which Ethereum is based on. Solana and Near have also been aggressive about offering grants to software developers if they agree to build applications on their respective systems. Near announced an $800 million grant program in October, and former Circle CMO Marieke Flament became the Near Foundation’s CEO this year. 
One platform that lost a significant number of developers was EOS, which dropped from about 125 total active developers (including full and part time) in December 2020 to 80 a year later. In 2018, EOS famously ran a $4 billion “initial coin offering” fundraise and was later fined $24 million by the SEC for running an unregistered security offering. The company didn’t admit or deny wrongdoing.  
In addition to the fastest-growing networks, Electric Capital’s research shows which have the largest number of total developers. Ethereum has long retained the top spot, and about one in every four new crypto developers who entered the industry over the last year chose to build on Ethereum. 
 

source

Continue Reading

Cryto Mining

Crypto scams are the top threat to investors 'by far,' say securities regulators – CNBC

Published

on

Crypto scams are the top threat to investors ‘by far,’ say securities regulators  CNBC
source

Continue Reading

Cryto Mining

World's Top Bitcoin Mining-Rig Maker Halts Sales as Clients Flee – Bloomberg

Published

on

Bitcoin mining machines operate at a mining facility by Bitmain Technologies Ltd. in Inner Mongolia, China.

Bitmain Technologies Ltd. has suspended sales of machines for spot delivery globally, aiming to prop up local prices after crypto miners fleeing Beijing’s crackdown dumped used mining rigs on the market.
The world’s biggest maker of Bitcoin machines told the local mining community Wednesday it has stopped selling new equipment after prices for top-tier rigs plunged by about 75% since April. By postponing sales, it could help miners exiting the industry get better prices for their machines. Bitmain could also benefit if the reduced supply buoys prices over the longer term for new machines.

source

Continue Reading

Trending