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Crypto News

US Court Rejected A Lawsuit Against Mt. Gox and Japanese Bank Mizuho Due To “Lack of Jurisdiction”

A district court in Pennsylvania, United States, granted the Japanese bank Mizuho, associated with the now-defunct Mt. Gox crypto exchange, a motion to dismiss the case against it filed by Gregory Pearce, one of 24,000 users affected by the collapse of the trading platform in 2014. The reason for rejecting the lawsuit, also directed against Mark Karpeles, CEO of Mt. Gox, was “lack of jurisdiction.”

The closure of Mt. Gox in Japan, when it filed for bankruptcy in February 2014, is regarded as one of the most harmful events in the Bitcoin (BTC) history. Founded in 2009, this crypto exchange platform, Mt. Gox, came to have, just before declaring itself a victim of hacking and theft, 70% of all the BTC in existence, roughly 850,000 Bitcoin (BTC), at that time valued at $450 million.

“Submitted before this Court by Mizuho’s Motion to Dismiss for Demerits to Establish an Injunction and for Lack of Jurisdiction (Exhibit 11); Pierce’s Response in Opposition to that Motion to Dismiss (Exhibit 12), as well as Mizuho’s Memorandum of Response Law (Exhibit 13); and for the reasons set forth below, Mizuho’s Motion for Lack of Jurisdiction is Granted,” reads the decision of the District Court of the United States of America of the Eastern District of Pennsylvania.

The US Court of the Eastern District of Pennsylvania decided against Gregory Pearce who filed a lawsuit against Mt. Gox and its associate, the Japanese bank Mizuho

“Bitcoin (BTC) is a digital cryptocurrency that can be used as money. It can be exchanged for traditional currencies such as the US dollar, or used to purchase goods and services. Unlike traditional fiat currencies, Bitcoin (BTC) is not backed by any government or verified by any bank, but each transaction is recorded in public, decentralized ledger called a blockchain,” said the District Court of the United States of America of the Eastern District of Pennsylvania.

Among the latest incidents related to the Mt. Gox case, one of the most dramatic episodes in the short history of cryptos seems to have taken a positive turn, as the victims of the crypto exchange platform will get back their lost funds in Bitcoin (BTC) and Bitcoin Cash (BCH) somewhen in mid-2019.

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Crypto News

Lightning Network Has More Public Nodes Than Ripple, Litecoin (LTC), and Bitcoin Cash (BCH) Blockchains

The adoption of Lightning Network, the Bitcoin (BTC) network of fast payment channels, is growing exponentially this year. Now, Lightning Network has more public nodes than Ripple, Bitcoin Cash (BCH) and Litecoin (LTC), taken separately. At the end of August, a Twitter user reviewed how Lightning Network has more public nodes than Litecoin (LTC), Ripple (XRP) and Bitcoin Cash (BCH) blockchains altogether. The tweet sparked controversy, as the user gave no proof of this claim.

Lightning Network surpassed Ripple, Litecoin (LTC) and Bitcoin Cash (BCH) blockchains regarding public nodes

However, a recent investigation shows that the user’s assertion was not entirely true as the Lightning Network has more public nodes than Litecoin (LTC), Ripple, and Bitcoin Cash (BCH) networks, but only if we take them separately and compare them with Bitcoin (BTC)’s Lightning Network.

While in the Litecoin, Ripple and Bitcoin Cash blockchains it is free to run a network node, in Lightning Network (LN), on the other hand, each node involves a minimum electrical expense and some Satoshis that are blocked as a guarantee for creating channels. Despite this, the public nodes of LN in Bitcoin (BTC) amount to 2522 (with a 10% increase in the last 30 days), according to statistics of 1ML.

The number of public nodes of Litecoin (LTC) is 261, while Ripple has 789. On the other hand, Bitcoin Cash (BCH) network is closer to LN with 2124.

Although these numbers are quite encouraging, it is difficult to determine precisely how many Lightning Network nodes currently exist

According to an article published recently, the number of nodes shown in the latest Lightning Network’s graphs could be wrong, due to several factors. The first of these is the node view as a node generates its network graph, which may be limited, but still uses it in its function. Therefore, it is possible that a node does not offer a view of the whole network.

Similarly, it is currently recommended that wallets execute their nodes privately. Thus these private nodes are not visible to the network graph and are not calculated in the statistics.

Lightning Network, which already has its first physical node available on the market, currently has about 12,000 channels, according to the 1ML report. The network capacity is now at 116.50 BTC or about $756,000 according to the current price of Bitcoin (BTC).

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News Tech

Nokia 3.1 To Receive Android 8.1 Oreo Update

The Nokia 3.1 is one of the few Android One smartphones from HMD Global that come with Android 8.0 Oreo, but its manufacturer has set out to release Android 8.1 Oreo updates soon.

Just in case you need a little review, this Nokia 3.1 boasts a 5.2-inch HD screen, protected by Corning Gorilla Glass, and comes with a relatively simple design, with curved edges and delicate lines. Under the hood, as you probably already know, Nokia 3.1 runs a Mediatek MT6750N processor with eight cores, which is accompanied by 2 GB RAM and 16 GB of storage (expandable via microSD) in its most basic version.

There is, however, a superior variant with 32 GB and 3 GB of RAM.

As for the cameras, Nokia 3.1 mounts a primary sensor with 13-megapixel resolution and a lens with f/2.0 aperture, while its selfies camera boast an 8-megapixel sensor with a wide-angle lens and f/2.0 aperture. Also, its battery is a 2,990 mAh one, and it comes at very affordable prices.

Nokia 3.1 to get Android 8.1 Oreo updates soon

The first signs of a possible Android 8.1 Oreo update for Nokia 3.1 came from India where some users have started to notify that a package has arrived on their Nokia 3.1 phones helping them make the expected leap to Android 8.1.

The file, dubbed as Version 2.56B, weighs no less than 1.12 GB and comes with changes related to the settings menu, which has been renewed in Android 8.1 version in comparison to the previous one, a battery percentage indicator for the Bluetooth devices connected with the smartphone and a shutdown/restart menu that has also came up with a different appearance.

The same update also includes all the security patches up to this month.

Both Nokia 3.1 and Nokia 5.1 stood out as the only Nokia devices announced this year that ran Android 8.0. As both before-mentioned devices came with MediaTek chipsets, some users were not pleased, but now, at least, they would enjoy a superior version of the Google’s OS, the Android 8.1 Oreo.

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News Tech

Here are Top 7 Interesting Video Game Trends this Year

We’ve decided to create a list with the most interesting video game trends in 2018 for all the gamers out there. Here’s what to expect in 2018 when it comes to video game trends.

Augmented reality

Virtual reality still has many obstacles to overcome. Nevertheless, augmented reality is continuing to become more popular and successful, especially after Pokemon Go. AR is definitely more accessible than VR and it provides users with a deeply engaging experience that has fewer obstacles than VR. AR will certainly continue to grow this year.

Battle Royale

Judging by Fortnite’s recent popularity, we are anticipating a sudden increase in the battle royale games.

Esports

In the last couple of years there has been an expansion in the esports industry. According to some experts, this sector might grow by as much as 38% from last year until 2018.

Constant console upgrades

Because technology and software are developing more and more, it is normal to expect companies to produce more models with regular changes. This mean that companies will give up the seven-year cycles.

Fewer situations when gamers need to pay

We know that most gamers are tired by now of the gaming companies who are promoting the spending of real money in games. The good news is that many developers are giving up this trend that doesn’t make many gamers too happy.

Mobile-Cross Platforms

Since many gamers would probably like to take their games with them whenever they travel, having your favorite game on your phone could be the best thing if you are a gamer. For this reason, more companies are starting to turn to mobile-cross platforms.

Minecraft is still popular

Like it or not, this game is still extremely popular and it just keeps on growing. Since 2017, the monthly player count has increased by 20 million players and the total count at the beginning of 2018 was a breathtaking 75 million.

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News Tech

Best Streaming Apps for Smartphone: Watch Movies and TV Shows for Free

Because the future is here, we can now watch movies and Tv shows on our phones without being worried that we would miss them on tv. And all you have to do is install one of the apps and stream whatever you want. This goes for iOS and Android, too. We’ve written this article to give you the best apps for this, which are completely free.

Showbox

This one has a huge number of fans. And it’s free, so no need to spend money – all you have to do it download the app and enjoy movies and Tv shows right on your phone. They can either be downloaded or streamed – whatever you wish, really. You can watch them now, or you can download them for later and watch them while you’re offline.

The only thing with this app is that it’s not available on the Play Store, you’ll have to get it from the official site.

SnagFilms

This one is among the best apps on the market. You’ll get to see movies on all kinds of platforms, from mobile devices to video game consoles. You can also share suggestions on social media. And the searching is way easier, as the movies are put in lists – categories – so you can choose what you want to watch based on popular movies, recently added, genre.

Terrarium TV

If you’d like to watch HD movies on your phone, rather than wait for them to appear on the tv, then this is the app you need. It also supports subtitle in many languages. If you want to install this app, all you need to do is follow some easy instructions and you’ll be good to go in no time. There are many TV shows and movies you can enjoy.

The thing with this app is that you’ll have to install a VPN also if you want to have access to the app.

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