The American-Israeli teenager who got popular for making bomb threats for a living was sent to prison for ten years after making a fortune in bitcoin, according to the latest crypto news coming in from Tel Aviv.
According to the court in Tel Aviv, 19-year old Michael Kadar is responsible for about 2,000 bomb hoaxes over the period of three years. The nickname JCC comes as his prime targets were Jewish Community Centers. Other targets included police stations, hospitals, airlines, and schools.
For making a bomb threat to commercial airlines, Kadar charged $500, for private residences $40 and for school bomb threats he charged $80.
Kadar offered his services on the dark web and he was paid in bitcoin where he managed to accumulate over $0.8 million in bitcoin. According to Israeli media reports, some of the bomb threats were done after students wanted to postpone the exams. The hoaxes generated panic and mass evacuations.
Also, bomb threats directed towards commercial airlines resulted into forced landing for the planes and generated terror and fear among the passengers. Some of the passengers were even injured while evacuating the plane.
Kadar didn’t only impact Israel. His services were wanted in the United States, Germany, Canada, Sweden, Denmark, UK, Belgium, and Norway.
The 19-year old boy made the bomb threats from his parent’s home in Ashkelon while using sophisticated software that altered his voice and changed his location. The Israeli Police joined forces with the US Federal Bureau of Investigation so they can catch the hoaxer.
Analysts Confirm: The Bomb Threats Aren’t The Reason For The BTC Price Drop
“Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found.”Also, it is highly unlikely that the bomb threats cause the price to decline because the closing of the investigation would lead for the value of BTC to rise since there were no devices discovered that were connected to the bomb threats.
Coinbase Adds PayPal Withdrawals To Its Platform (For U.S. Citizens)
“There is new technical work to make this possible, and that was done in conjunction with PayPal.”However, this Friday Osgood wrote that the partnership provides Coinbase customers an alternative to the traditional federal wire or automated clearing house (ACH) network that they were required to use. As he said:
“These traditional finance networks can add up to two business days to a withdrawal. We’re always looking for ways to not only meet the bar set by traditional finance, but raise it. That’s why we rebuilt our integration to ensure that the speed and reliability of PayPal withdrawals does just that.”The service is for now only available to customers in the United States, but could continue to be added to other nations across 2019, as Osgood wrote.
Bitcoin Plunges To A Yearly Low, Market Is ‘Prepared’ To Go Below $100 Billion
“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think $2,700 is an excellent place to buy if we should go there. ‘History doesn’t repeat itself but it often rhymes.’”Currently, there is a big risk in shorting and longing Bitcoin and other major cryptocurrencies in the market, which is why investors are observing the short-term trend of the crypto market by holding out on their trading activity.
Circle CEO: ‘’Bitcoin Will Be Worth A Great Deal More Than Today’’
“I don’t make significant price predictions. But it’s certainly going to be worth a great deal more than it’s worth today. I am long in the market.”Allaire says that the people who lost a ton of money in the bear market will only get back into the game because of the fundamentals of cryptocurrencies and that they won’t change despite the downturn in prices. He also believes that bitcoin plays a huge role as a non-sovereign store of value. Allaire continued to explain:
“The key thing with bitcoin is that it is unique in its security and its scale. As an idea that we need a scarce, non-sovereign store of value that individuals can hold in a protected fashion — that’s attractive all around the world.”However, he thinks that some of the digital currencies will eventually die off due to overcrowding of the market but this doesn’t mean that if one digital currency succeeds that the rest will cease to exist. When asked about the burning question of regulation, he says that the United States has one of the most transparent regulation since most of the digital currency and banking systems have already been regulated, many of which this year only. Circle is already regulated under the Bank Secrecy Act and money transmission laws and this is a very important element for all the customers and users.
Join us on Facebook
- Canada Warns Its Citizens About The Growing Number In Bitcoin Scams
- Mining Ethereum Can Make You A Target For Hack Attacks According To Developers
- The Biggest Cyber Threat Of 2018: Cryptojacking Overtakes Ransomware
- French Stock Market Watchdog Blacklists Four Crypto-Related Websites
- Analysts Confirm: The Bomb Threats Aren’t The Reason For The BTC Price Drop
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain Archive5 days ago
You Can Pay With BTC In These Companies (Updated)
Blockchain News5 days ago
HTC Puts Brave As A Default Browser On Its Blockchain Smartphone
Blockchain News3 days ago
CEO Of Overstock Expects A Blockchain Products Market In 2019
Bitcoin News5 days ago
Bitcoin Hash Rate Drops, Miners Shut Down Their Devices
Altcoin News4 days ago
CEO Of Allianz: Regulators Should Step In Harder And Outlaw Cryptocurrencies
Blockchain News4 days ago
Samsung Files For A Smartphone-Based Crypto Trademark In The EU
Bitcoin News5 days ago
Bitcoin And Ethereum With New ‘Bottom-Like’ Drops
Ethereum News4 days ago
Developers Tested Exchanging ERC-20 Tokens Using The Second-Layer LN Protocol