Tagged: bitcoin

Mormon Silk Road Dark Net Marketeer Tells All in New Book

A Mormon grandfather in Utah has just published a memoire detailing his involvement with and the subsequent take down of notorious Dark Net marketplace Silk Road, KSL reports. The book, called Silk Road Takedown, is a saga of drugs, faked beatings and corrupt officers that may… Read More

Chinese Crypto Miner Favouring “Financial” Over “Factory” Approach in Current Bear Market

At least one Chinese cryptocurrency miner is taking a creative financial approach to surviving “Crypto Winter” -the bear market currently punishing crypto prices to some of their lowest levels in over a year, 8BTC reports. Jin Xin, for example, “an ordinary Chinese miner,” is taking a… Read More

Israel Tax Authority Hunting Undeclared Crypto Profits

Over the past two weeks, the Israel Tax Authority has opened tax accounts for hundreds of Israelis it believes failed to report profits from cryptocurrency investing, Calcalist reports. The authority is also striking deals with Israeli crypto exchanges obliging them to report big transactions. Notices… Read More

SEC Delays VanEck Bitcoin ETF Decision until February

The US Securities and Exchange Commission (SEC) has granted itself an additional 60 days to consider allowing a rule change that would permit the Cboe BZX exchange and VanEck to list a “SolidX Bitcoin ETF” stock. In so doing, the commission will take the full… Read More

United Corp Sues Bitcoin Cash ABC

The Citizens Jury Wheel Legal Court Trial Justice Judge Law

Plaintiffs in Florida have brought a suit against Bitcoin Cash ABC, it’s leader Roger Ver, the Kraken cryptocurrency exchange, and others, arguing the parties colluded, “to take control of the Bitcoin Cash network for personal gain…which caused a global capitalization meltdown of the Bitcoin Cash network… Read More

Treasury Department “Reinvigorating” Illicit Finance Countermeasures, Including Controls on Iran and Cryptocurrencies

US Department of the Treasury Under Secretary, Sigal Mandelker, told attendees of the Financial Crimes Enforcement Conference this week that she expects to cooperate with financial institutions to enhance their illicit finance countermeasures: “We encourage the private sector…to stay proactive and to innovate with new… Read More

Bitwise Announces Beta Funds For Bitcoin & Ethereum to Capitalize on Market Pullback

Bitwise Asset Management announced on Wednesday the launch of its two new low-cost, liquid beta funds, holding bitcoin and ether exclusively. According to Bitwise, the Bitwise Bitcoin Fund and the Bitwise Ethereum Fund are the second and third strategies in the Bitwise fund family, joining the… Read More

Bitcoin Trader Abducted, Tortured, Robbed in South Africa

Gun Hold Up Crime Arrest Mug

A South African Bitcoin trader is recovering in intensive care following his abduction and torture by bandits who allegedly robbed him of almost $66 000 USD in Bitcoin and cash. According to Soweto Urban, the man agreed to do a talk on cryptocurrency for a… Read More

Vancouver-Based Crypto Mining Firm Reports $1.5 Million in Third Quarter Losses

A Vancouver-based firm mining Bitcoin and Bitcoin cash has reported a Q3 loss of $1.5 million, thanks mainly to very high levels of mining “difficulty” (competition) in relevant networks coinciding with a “significant decline in the price of Bitcoin.” The report offers a rare glimpse… Read More

US Treasury Department Sanctions First Bitcoin Addresses

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned the Bitcoin addresses of two Iranians the office says processed Bitcoin ransoms on behalf of Iranian hackers who targeted government and business sites in the US and Canada. Anyone who does… Read More

US Indicts Two Iranians for 200 Ransomware Attacks in US

Yesterday, the American Justice Department indicted Iranian citizens Faramarz Shahi Savandi, 34, and Mohammad Mehdi Shah Mansouri, 27, for executing remote cyber attacks against 200 American government agencies, municipalities and health care businesses, the Daily Mail reports. The charges were announced by US Deputy Attorney… Read More

Plaintiffs in Cyprus Drop Fraud Allegations Against Accused Bitcoin Launderer Alexander Vinnick

Plaintiffs who pressed criminal fraud charges in Cyprus against accused former BTC-e crypto exchange administrator Alexander Vinnick have withdrawn the charges, TASS reports. “A court session of the Limassol District Court was held on November 27, 2018, where the plaintiffs withdrew the action to accuse… Read More

Lawsuit Reveals Questionable Progeny of Major Israeli Crypto Figure and Associated Companies

  A lawsuit involving a prominent figure in the “thriving” Israeli crypto sector, Moshe Hogeg, has revealed that one of the country’s most famous crypto companies, Invest.com, was formed in part from from a failed Israeli binary options company sanctioned internationally for fraudulent acts, Times of Israel reports…. Read More

Trading of Novogratz $GLXY Crypto Shares Halted in Toronto After 18.6% Drop

Yesterday was a tough one at Galaxy Digital, the cryptocurrency-focussed merchant bank started late last year by former Goldman Sachs partner and legendary hedge fund operator Mike Novogratz. At 11:25 am ET yesterday, November 27th, the Toronto Stock Exchange halted trading of Galaxy Digital’s $GLXY… Read More

BitTorrent Accepts TRON, Binance & Bitcoin Cryptocurrencies for Pro & Ads Free Products

BitTorrent, Inc., the company behind P2P communications protocol and products, BitTorrent and µTorrent, announced on Tuesday that customers can pay for its Pro and Ads Free products by using the cryptocurrencies TRON (TRX), Binance (BNB), and Bitcoin (BTC). Founded with a leading peer-to-peer sharing technology standard… Read More

Bear Market or Not: Nasdaq Moving Forward on Plans to Sell Bitcoin Futures

Nasdaq is proceeding with plans to list a Bitcoin futures product on its exchange despite Bitcoin’s waning fortunes in 2017, sources to Bloomberg say. Nasdaq hopes to have its Bitcoin futures market up and running by Q1 2018 and is working now to meet expectations at… Read More

Three Charged in Bulgaria for $5 Million Cryptocurrency Theft

Bulgarian police have arrested and charged 3 people accused of stealing $5 million in cryptocurrencies, Reuters reports. The arrests were announced Monday by officials from the Bulgarian Ministry of the Interior and local prosecutors. Police seized $3 million in cryptocurrency at the scene as well… Read More

Ohio is the Only State Where You Can Pay Your Taxes in Bitcoin

Today, Bitcoin is the most widely recognized and accepted crypto on the planet. While you can do a lot of things with BTC, there is one thing you cannot do: pay your taxes. That is until today. Starting this week, OhioCrypto has been launched by… Read More

Chainalysis: Use of Bitcoin for Retail Payments Declined Dramatically in 2018

Despite Bitcoin having achieved some of the price stability advocates have long said would facilitate its adoption at the retail level, the retail use of Bitcoin declined 80% in 2018, says blockchain analysis firm Chainalysis. Currently, many Bitcoin transactions are settled directly to the blockchain, meaning… Read More

Young Israeli Jailed for Selling Bomb Threats for Bitcoin

A 19-year-old Israeli man with dual citizenship in the US has been sentenced in Tel Aviv to 10 years in prison for making and selling bomb and shooting attack threats against 2000 schools, hospitals, malls, airports, airlines, police stations, and Jewish community centres in the… Read More

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