Tagged: bitcoin

August 31, 2019 @ 12:08 pm By Cali Haan  |  

An Australian living in Boulder, Colorado has been sentenced to one year and a day in prison and 12 months probation for laundering money using Bitcoins. Emilio Testa, age 32, was arrested after selling bitcoins to undercover agents. “According to the stipulated facts contained in… Read More

August 29, 2019 @ 6:10 pm By Cali Haan  |  

Anticipating an “improving market for Bitcoin,” Marathon Patent Group (Nasdaq: MARA) has traded 2 335 000 shares for 6000 new Antminer S-9 cryptomining machines with an unnamed hardware provider. Marathon is a micro-cap and one of the first Nasdaq-listed Cryptocurrency mining companies. The transaction means,… Read More

August 28, 2019 @ 9:32 pm By Cali Haan  |  

Pat Gelsinger, CEO of the software company VMware (NYSE:VMW) has criticized Bitcoin’s design and energy consumption He also told attendees at VMware’s annual conference in San Francisco this week that the system is, “bad for humanity,” Fortune reports. His remarks echo those made by other prominent… Read More

August 28, 2019 @ 1:34 pm By Cali Haan  |  

A judge in Southwark, England, has seized $900 000 in Bitcoins from confessed prolific hacker Grant West, 27, once described as a “one-man cybercrime wave,” The Guardian reports. The judge reportedly warned West that he would face an additional four years in prison if he… Read More

August 27, 2019 @ 6:27 pm By Cali Haan  |  

Two young men from Surrey, a suburb of Vancouver, have been charged with wire fraud, money laundering and aggravated identity theft after allegedly conning an Oregon woman out of bitcoins worth $233,220 USD at current prices. Between October 2017 and August 2018, Karanjit Singh Khatkar,… Read More

August 27, 2019 @ 10:30 am By Cali Haan  |  

A young man in Los Angeles has pleaded guilty to charges of drug dealing, unlicensed money transmitting and money laundering relating to the processing of $25 million USD in illicit money via his Bitcoin trading services. Kunal Kalra, 25, also known as “Kumar,” “shecklemayne” and… Read More

August 27, 2019 @ 7:08 am By Cali Haan  |  

A problem with Amazon Web Services caused, “some 500 error messages on APIs and affecting some withdrawal processing,” at Binance, the exchange’s CEO claimed on Twitter Friday. Amazon Web Services (AWS)  is a cloud-computing platform and subsidiary of Amazon. Individuals, companies and governments use the… Read More

August 22, 2019 @ 1:23 am By JD Alois  |  

Huobi DM, now offers instant settlement for Bitcoin contracts, according to a company release. Huobi says this is a market first. Huobi DM (derivative market) is part of the larger Huobi Group – a digital asset ecosystem that claims to be one of the largest… Read More

August 20, 2019 @ 9:55 pm By Cali Haan  |  

A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex… Read More

August 12, 2019 @ 8:45 pm By Cali Haan  |  

Bitmain, the world’s largest cryptomining firm and manufacturer of cryptomining equipment says the company name is being fraudulently used by a project called “Mangocoin.” “We recently become aware of the fraudulent use of the ‘Bitmain’ brand in the sale of a product named ‘Bitmain Cloud… Read More

August 9, 2019 @ 2:29 am By Cali Haan  |  

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

August 8, 2019 @ 5:53 pm By Cali Haan  |  

The Texas State Securities Board (TSSB) has issued cease and desist orders against “Forex and Bitcoin Trader,” an unregistered dealer of cryptocurrencies, derivatives and foreign currency promising 900% returns in 14 days in online advertisements targeting Dallas investors. This is the fourth emergency action undertaken… Read More

August 8, 2019 @ 8:33 am By JD Alois  |  

Bitcoin marketplace Paxful is reporting a 70% increase in bank transfers due to “the onboarding of institutional clients.” Earlier this year, Paxful lowered the bank transfer fee to 0.1% – a move that may have helped boost user interest. On the Paxful peer to peer… Read More

August 7, 2019 @ 11:44 pm By Cali Haan  |  

The European Central Bank (ECB) says it is working to close gaps in its crypto-network monitoring regime in order to ensure that risks, “currently contained and/or manageable,” do not, “increase over time and have future implications,” for mainstream financial systems. “Spillover effects may…be transmitted to… Read More

August 7, 2019 @ 2:42 am By Cali Haan  |  

Kyle Bass, a fund manager who predicted the 2008 economic crisis says the troubles in Hong Kong, US-China trade tensions and Chinese debt are probably incentivizing capital flight into Bitcoin, gold, and other currencies as investors and citizens seek refuge from a depreciating yuan. “If… Read More

August 6, 2019 @ 7:36 am By Cali Haan  |  

After a three-year-long investigation, Cyberpol, has concluded that Bitcoin mining is “unlawful,” because miners are minting money outside of the regulated monetary system and then suffusing this money back into regular economies. Cyberpol is an international non-profit agency for investigating cyber attacks by criminals, international… Read More

August 5, 2019 @ 10:21 pm By Cali Haan  |  

More than half a billion dollars in Bitcoins ($525 million USD) left the building at BitMEX this month after news of a CFTC investigation broke in the press, CCN reports. BitMEX is a crypto derivatives trading platform that allows 100X leveraged bets. BitMEX does not have… Read More

August 5, 2019 @ 9:03 am By JD Alois  |  

Bitcoin is moving higher, once again, as the trade war between the US and China escalates. Yesterday, the Yuan dropped below 7 to the dollar with the People’s Bank of China (PBOC) blaming the decline “to unilateral trade protectionism, as well as expectations of more… Read More

August 1, 2019 @ 4:06 pm By Cali Haan  |  

The latest blog post from “full-service (digital asset) investment management firm” Arca contends that “crypto-asset” investing is not much more speculative than traditional sorts. But Arca is not a neutral commenter. The company has invested early in LEO tokens, for example. LEOs are loyalty/equity “exchange… Read More

August 1, 2019 @ 2:52 am By Cali Haan  |  

An unnamed OTC trading desk in Moscow is selling up to $30 million USD in “tethers” per day to Chinese merchants sending proceeds home, Coindesk reports. Until 2018, the favoured currency for this type of transacting was reportedly Bitcoin, but Chinese merchants have lately started dumping… Read More