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US Television Network Provider Dish Aims to Track and Stop Piracy Using New Blockchain Systems

The Dish Network Corporation is a US television network provider based in Colorado, with over 16,000 employees and 9.5 million subscribers across all of America.

In recent years with subscribers moving to newer forms of media, including internet-based streaming services such as Netflix, Dish has struggled to maintain its customer base, with 381,000 subscribers lost in 2018’s Q4.

In this multi-facet battle against internet-based competitors streaming services DirecTV and cable television providers as well as illegal activity, Dish has applied to patent a system which allows content to be stored and updated using a distributed ledger, introducing new features and better means to protect the security of their network and rights.

This anti-privacy system would use blockchain to embed user data, granting access to verified users, storing names, contact information, and other ownership rights to ensure video and audio rights are not distributed to unauthorized third parties.

Efficiently checking copyright has been a struggle for all forms of media in the digital age, however, with this new form of tracking possible in distributed ledger technology, companies are increasingly testing blockchain to win against piracy finally.

Over the past few years, Dish has been in legal action filling two separate lawsuits against platforms redistributing content illegally, winning a $90 million sum in damages dispute earlier in 2018.

In response, Dish has been searching for new technologies to improve numbers, with blockchain seemingly the answer.

It is unclear if Dish will create their own blockchain, or use an existing platform, such as Bitcoin or Ethereum, due to time and resources being a significant factor. However, with blockchains potential to enforce copyright, it may be the exact answer to the company’s problems.

Many other companies have reported investigating blockchain for all types of services in digital technology.

Image via Shutterstock

Jul 17 Trading Analysis: Even the best pandemic stock couldn't move the needle on earnings

Trading Crypto with Eugene is a series of daily commentary of market analysis and trading advice shared by Eugene Ng of Matrixport, a veteran trader with 10 years of experience in top-tier global investment banks. If you like the article, please follow us here on Blockchain.News so you won’t miss our future publications.

BTC continues to snooze while ALTs continue to put on their dancing shoes with some DeFi names tracking double digit gains on a daily basis this week. If DeFi isn’t enough, payments segment is also getting a bid on with Stellar making an announcement that they will be made available on Samsung mobile phones. So what if crypto celebrities and company twitter accounts got hacked, Bitcoin just had another free advertising campaign courtesy of these hackers. Bank of Thailand is also making greater progress in its central bank digital currency as it heads into Phase 3. Cheap subscription on demand entertainment service missing earnings during a time when the only thing anyone could do was stay inside. Netflix reported earnings after the close and boy did it disappoint, the stock dropped 12% after-hours on weak subscriber growth guidance for Q3 despite adding 10M subscribers this quarter. Even the best pandemic stock couldn’t move the needle on earnings. To me, this is another signal of what we should be expecting for this current earnings season. Yesterday, the U.S. recorded more than 70K new cases of Covid-19, in what has been a string of daily records. Having said that, quite a number of market participants I spoke to have shared with me that they are quite bullish on this weekend’s EU rescue fund summit, and they think there’ll be an agreement, so leaving me thinking that the risk is now a disappointment or a dovish response.
Trade strategy: risk to disappoint in the short term and so I will stick to my short-dated BTC 8-8.5k puts to stay defensive and enjoy your weekend with your family.BTC options market is turning more cautious with skew rallying strongly this week…

Interesting chart that shows S&P 500 pricing in the least recession across five asset classes… Bigger downside risk in stonks?

Gold also showing some signs of exhaustion? Losing momentum in the short term?

DisclaimerOpinions expressed are solely the analyst’s own and do not express the views of Matrixport the company.The views and opinions expressed in this article are those of the contributor and do not necessarily reflect the view of Blockchain.News.

The Sordid Tale of QuadrigaCx is Coming to Netflix

American over-the-top content platform and production company Netflix Inc is set to premiere a documentary revealing the fall of a once-popular Canadian cryptocurrency exchange QuadrigaCx and the dead of its founder, Chief Executive Officer Gerald Cotten. He left the trading platform in chaos.

The death of Cotten in 2019 was out of expected. The lost of private keys and the funds lost from over 17,000 customers as the claims, resulting in as much as $250 million were locked into the platform when the news of Cotten’s death was first blown open. As Cotten had the only access to the database that could help unlock users’ hot wallets, leading to a great loss.

The Netflix original documentary will be reviewing some of the exchange’s customers who have held onto and propagated the school of thought that Cotten faked his own death to defraud the thousands of customers who trusted him and his trading platform. The proposed Netflix documentary set to premiere in 2022 is dubbed: “TRUST NO ONE: THE HUNT FOR THE CRYPTO KING.”

The production “follows a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them,” Netflix reveals in its Twitter announcement where the firm also announced a list of other movies to expect soon.

The Gerald Cotten story drew in investigation from Ernst & Young (EY), one of the big four auditing firms appointed to help the trading platform’s aggrieved customers. The auditor eventually proposed three major options to compensate the claimants who held assets on the exchange. As of November 2020, a total of $29.8 million was designated as payable to the exchange’s customers.

With Netflix’s reputations in well-researched documentaries bordering on people’s lives, such as the case of the Colombian drug lord, Pablo Escobar, featured as Narcos, chances are the movie company will reveal new details that have not been made public about Gerald Cotten’s story before.

Crypto Squid Collapses after Jumping More Than 310,000% in Value

The emerging cryptocurrency token Squid game (SQUID) crashed on Monday after jumping more than 310,000% in value on Sunday night. The slump recorded 99.99%, according to the CoinMarketCap.

The token was made available for purchase on Oct 20, inspired by the popular Netflix series Squid Game, which collapsed less than two weeks after investors could start trading tokens.

SQUID lost all its value after Twitter flagged the cryptocurrency’s account and temporarily restricted it due to “suspicious activity”.

Surprisingly, the token’s website and social accounts have disappeared, along with a white paper describing the Squid, and the token’s value had spiked to $2,856 right before its collapse.

The idea behind the cryptocurrency was a pay-to-play token to play an online game inspired by Squid Game. In the hit Netflix series, heavily indebted people play bloody and deadly versions of childhood games to win cash rewards.

A fraudulent game was released in November, and its promoters said winners would be rewarded with more Squid tokens. But even as the cryptocurrency’s price spiked in value last week, many were sceptical and noted that the token could be fraudulent.

According to several reports, investors were having trouble selling their tokens, and they noted that the cryptocurrency’s white paper was littered with grammatical errors.

Reportedly, the creators of the cryptocurrency could have made off with as much as $2.1 million after the token’s crash, according to Gizmodo.

Reports suggest that CoinMarketCap, a cryptocurrency price-tracking website, had warned potential buyers to “please do your own due diligence and exercise caution while trading” and warning them that investors were having trouble selling their tokens.

An anonymous Squid investor told CoinMarketCap, “I lost all of what I had in this project” after investing $5,000 into the cryptocurrency.

Experts suggest investors should manage risks and avoid the collapse of uncertain tokens. Investors also should be careful when considering purchasing “meme” cryptocurrencies based on cultural phenomena, even if it appears the currency is doing well on the market.

Image source: shutterstock

Netflix to Release Documentary on 2016 Bitfinex Hack

American subscription streaming service and production company, Netflix Inc has announced it is going to release a documentary about the 2016 Bitfinex hack – a financial crime that can earn the tag as one of the biggest financial thefts in history.

In the documentary, Netflix will feature a Manhattan-based couple named Ilya “Dutch” Lichtenstein and Heather Morgan, the alleged mastermind behind the hack that saw over 120,000 Bitcoin units moved from the trading platform. The value of the stolen Bitcoin has grown from the $71 million it was at the time to over $4.5 billion today, and the funds have been sitting in a wallet address controlled by the couple.

Over the years, both Ilya and Heather have been trying to utilize the funds in the wallet through a series of complicated transactions that was eventually tracked by the authorities. As reported by Blockchain.News last week, the couple has been arrested by the authorities, and they face as long as 25 years in prison based on the different counts of charges relating to their offence.

The Netflix docu-series will be directed by Chris Smith and produced by executive producer Nick Bilton. The timeline for the release of the documentary is undefined, however, it is billed to rank as one of the deepest investigations into crimes bordering on the nascent world of cryptocurrencies.

Crimes in the digital currency world are not uncommon as trading platforms like Crypto.com also suffered a protocol breach earlier this year. Many regulators have often frowned at the pseudo-anonymous nature of cryptocurrencies, however, the Bitfinex documentary will expose how transactions that happen on the blockchain can indeed be traced.

Many of such blockchain-focused transactions have been busted in the past, however, the Bitfinex-linked arrest is a clear case of how easy it can be for law enforcement agents to follow money movements on the blockchain irrespective of how long it takes.

John McAfee Could be Still Alive, Ex-Girlfriend's Assertion Discloses in Netflix Documentary

John McAfee, the controversial software engineer and crypto advocate, could still be alive, according to his ex-girlfriend.

“I don’t know if I should say, but two weeks ago, after his death, I got a call from Texas: ‘It’s me, John. I paid off people to pretend that I am dead, but I am not dead,'” Herrera claims in the Netflix documentary “Running With the Devil: The Wild World of John McAfee,” out Wednesday.

A new revelation is now being made as McAfee’s ex-girlfriend, Samantha Herrera, said with all certainty that the Anti-Virus pioneer faked his own death, is still alive, and currently lives in Texas.

Back in June 2021, the world got perplexed when it was revealed that John McAfee, the controversial software engineer, and crypto advocate, was found dead in a Spanish prison.

While it is unclear how real the revelations are considering the fact that Herrera had a motive as McAfee broke her heart when she refused to elope with him. According to Herrera’s reports, McAfee told her that there are just about three people in this world that know that he is alive.

McAfee’s death did not really bring up a lot of uproar at the time because the timing of the alleged suicide was just about a few weeks after the Spanish legal authorities approved the warrant to extradite him to the United States, where he was supposed to face tax evasion charges.

While the Netflix director Charlie Russell was also shocked to hear the news again. This revelation may serve as the key basis for a more targeted manhunt for McAfee.

John McAfee is an important tech figure in both the Web2.0 and Web3.0 worlds. Besides creating the popular McAfee computer Antivirus as well as the Ghostcoin crypto project. He lived a somewhat controversial life and is more often than not always up on the wall with respect to the market manipulations. Up until the time he was declared dead, McAfee was one of the vocal advocates for Bitcoin and decentralized token innovations.