Tagged: bitcoin

July 28, 2019 @ 5:19 pm By Cali Haan  |  

Jon Barry Thompson (AKA “J. Barry Thompson), principal of “cryptocurrency escrow company” Volantis Escrow Platform LLC and Volantis Market Making LCC has been arrested in Pennsylvania for allegedly conning two companies out of $7 million USD they transferred to him for the purchase of bitcoins,… Read More

July 26, 2019 @ 11:26 pm By Samantha Hurst  |  

OKEx, a Malta-based digital assets exchange, announced earlier this week has donated $4.5 million worth of Bitcoin to its perpetual swap market insurance fund to encourage customer confidence in trading cryptocurrencies. OKEx reported that last year it introduced perpetual swap trading along with the new… Read More

July 26, 2019 @ 5:24 pm By Cali Haan  |  

William Green, 46, of Wall Township, New Jersey, has been indicted in the state  for allegedly, “operating an unlicensed money transmitting business through which he charged customers fees to convert more than $2 million in cash into the digital currency Bitcoin.” The indictment follows a criminal complaint… Read More

July 26, 2019 @ 3:23 am By Cali Haan  |  

The father, Bjørn Kjos, 73, is a wealthy airline industrialist in Norway and co-owner of Norwegian Air Shuttle, the largest airline in Scandinavia. Son, Lars Ola Kjos, 41, reportedly invested millions in Bitcoins last year and is now very crypto rich. Son-in-law Stig A. Kjos-Mathisen, 37,… Read More

July 24, 2019 @ 5:00 pm By Cali Haan  |  

U.S. Treasury Secretary Steve Mnuchin told an interviewer at CNBC’s Squawk Box July 24th that he, “won’t be talking about Bitcoin in 10 years. I can assure you that.” “But you might be talking about it in six years…as Treasury Secretary, ” said the interviewer…. Read More

July 23, 2019 @ 1:03 am By Cali Haan  |  

Data from the Korean ministry of Justice indicates that South Koreans lost $2.7 billion USD (2.7 trillion KRW) in cryptocurrency scams between July 2017 and June 2019, Korea Herald reports. The ministry also said it has indicted and detained 132 individuals accused of cryptocurrency fraud and… Read More

July 22, 2019 @ 9:53 pm By Cali Haan  |  

An accused narcotrafficker has been charged with money laundering by the State of New York for allegedly trying to “wash $19 million in illicit cryptocurrency.” Hugh Brian Haney, 60, allegedly came by the funds as, “proceeds of his narcotics trafficking on the Dark Web site… Read More

July 19, 2019 @ 5:54 pm By Cali Haan  |  

Dmitry Vasiliev, a 32-year old Russian who took over and rebranded the notorious BTC-e exchange when its alleged admin, Alexander Vinnick, was arrested in Greece in 2017, is now under arrest in Italy, the BBC reports. Vasiliev rebranded BTC-e, “the largest Russian-language platform for the… Read More

July 19, 2019 @ 9:50 am By Samantha Hurst  |  

LibertyX, a platform to buy bitcoin instantly at local stores, announced earlier this week it now services more than 1,000 bitcoin ATMS throughout the U.S. Founded in 2013, LibertyX claims to be America’s largest network of bitcoin ATMs, cashiers, and kiosks. “LibertyX offers a bring-your-own-wallet… Read More

July 17, 2019 @ 8:29 pm By Cali Haan  |  

Binance, a major cryptocurrency exchange that suffered a $44 million USD hack in May, recently processed some of the Bitcoins stolen from it on behalf of the hackers, digital currency Regtech firm Coinfirm reports. According to data Coinfirm furnished to Coindesk, hackers have been moving… Read More

July 15, 2019 @ 10:51 pm By JD Alois  |  

Peer to peer Bitcoin platform Paxful has sent over a note about the first 6 months of 2019. According to the P2P service, the average monthly volume in USD for the first half of 2019 was $65 Million. This amount is almost double the volume… Read More

July 15, 2019 @ 9:31 pm By Cali Haan  |  

Several professional cryptocurrency traders are claiming that leverage and “whales” are behind Bitcoin’s recent massive price fluctuations and not coveted “new money.” According to Jeff Dorman, chief investment officer at ArcaFunds: “The Bitcoin price ascent from $4k-$10k was based on a confluence of real factors (depreciating… Read More

July 13, 2019 @ 3:35 pm By Cali Haan  |  

Jon Montroll, operator of two online crypto investment schemes, WeExchange Australia and BitFunder, has been sentenced to 14 months in prison for fraud and obstruction of justice. Montroll, 38, of Saginaw, Texas, has also been ordered to pay restitution of $167, 480 USD and will… Read More

July 12, 2019 @ 7:45 am By JD Alois  |  

President Trump has shared his perspective on crypto, and, more specifically, Bitcoin and Facebook’s stablecoin Libra. In a series of tweets yesterday, Trump professed his commitment to a strong US dollar and his disdain for the virtual currencies. Trump said we only have one real… Read More

July 12, 2019 @ 7:14 am By Cali Haan  |  

The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth Enforcement Section is seeking orders to force a 62-year-old woman in Florida to cease perpetuating a fraudulent cryptocurrency scheme operating in at least 6 American states. The agency is also asking that… Read More

July 11, 2019 @ 11:18 am By JD Alois  |  

In a case brought by the Commodity Futures Trading Commission (CFTC), two defendants, Morgan Hunt and Kim Hecroft, were ordered to pay almost $400,000 in penalties and restitution regarding Bitcoin-related fraud. The CFTC cautioned that the repayment of funds to victims may not result in… Read More

July 9, 2019 @ 7:47 pm By Cali Haan  |  

Hackers moved more than $8 million USD in Bitcoins July 8th from digital wallets they’d been sitting in since the Malta-registered crypto trading platform Binance, one of the world’s largest, was hacked for more than 7000 Bitcoins in May, Hard Fork reports. At the time… Read More

July 9, 2019 @ 1:02 am By Cali Haan  |  

Bitcoin proponents are fond of claiming that Bitcoin is THE alternative financial system humanity needs to combat the tyranny and incompetence of central banks, and they will trot out all kinds of dire scenarios and statistics to prove this. The Bitcoin proponents I’ve met have also… Read More

July 5, 2019 @ 10:02 am By Cali Haan  |  

Jessie Powell, the CEO of the San Francisco-based cryptocurrency trading platform Kraken told TD Ameritraid Monday that real money pouring onto crypto exchanges fuelled Bitcoin’s recent price rise, not controversial synthetic USDs called tethers. Tether printing comes after fiat and not before, said Powell: “Recently,… Read More

July 5, 2019 @ 7:21 am By Cali Haan  |  

Outspoken Bitcoin and cryptocurrency critic and economist Dr Andy Xie, renowned for predicting the 1997-8 Asian currency crisis, told The Korea Times this week that Bitcoin is “a gambling instrument” primarily exploiting Asian investors and that it can never function properly as a currency. “Bitcoin… Read More