Tagged: bitcoin

January 22, 2019 @ 9:50 pm By Cali Haan  |  

Police in South Africa have arrested suspects believed to be behind the kidnapping of a 13-year-old boy from Witbank and the attempted kidnapping of a 13-year-old girl from Middelburg, Times Live reports. The boy was reportedly kidnapped “in broad daylight” close to his home on… Read More

January 22, 2019 @ 11:07 am By Cali Haan  |  

Seven men police believe conspired to rob multiple Bitcoin “mines” in Iceland have been convicted, and their leader sentenced to 4.5 years in prison, Icelandic news outlet DV reports. Starting in December 2017, and for several weeks thereafter, six men led by Sindri Thor Steffanson allegedly robbed… Read More

January 20, 2019 @ 12:00 pm By Cali Haan  |  

“Due to the boom that the commercialization of these assets,” profits from the sale and trading of bitcoins and other cryptocurrencies are now taxable in Chile, Diario Bitcoin reports. Chilean tax authorities have added a special provision to tax form 22, a deliberately vague, catch-all… Read More

January 20, 2019 @ 10:00 am By Cali Haan  |  

An average of $2 million USD in Bitcoins per day is still flowing into Dark Net markets, despite an 80% price slump and the mid-2017 shuttering of Alpha Bay and Hansa, two popular Dark marketplaces, Reuters reports. Reuters says that flow represents a doubling of… Read More

January 17, 2019 @ 11:23 pm By Cali Haan  |  

Bitcoin payments processor Bitpay says it processed over one billion dollars of Bitcoin payments in 2018 for retail and government clients, and has, “set a new record for transaction fee revenue by adding new customers like Dish Networks, HackerOne, and the State of Ohio.” The… Read More

January 17, 2019 @ 10:08 pm By Cali Haan  |  

A survey conducted by the credit score provider Credit Karma of 1009 US adult Bitcoin investors has determined Americans investors may have incurred $1.7 billion in collective realized losses from Bitcoin speculation- about $718 USD each. The survey also determined an additional $5.7 billion in… Read More

January 15, 2019 @ 3:08 pm By JD Alois  |  

A few days ago the St. Louis Federal Reserve entered the debate regarding crypto and specifically, the price of Bitcoin. In brief, the Fed is not very impressed. “Whither Bitcoin” asserts that the future price path is more likely to remain bounded between these two… Read More

January 15, 2019 @ 12:18 pm By Cali Haan  |  

Bitmex, a Hong Kong-based Bitcoin derivatives exchange popular for allowing 100X leveraged bets, has deactivated the trading accounts of clients from the US and the Canadian province of Quebec, The South China Morning Post (SCMP) reports. The move has likely been made in response to increased regulatory pressure… Read More

January 15, 2019 @ 10:57 am By Cali Haan  |  

A man who spent $2570 USD in Bitcoin buying a Glock 9 mm gun, a silencer and 150 rounds of ammunition on the Dark Net has been sentenced to five years in prison by a judge in Scotland, Bloomberg reports. David Mitchell, 48, whom the… Read More

January 14, 2019 @ 9:48 pm By Anthony Zeoli  |  

While most people were busy with last minute Christmas shopping, on December 20th of last year, Representatives Warren Davidson and Darren Soto were busy finalizing and introducing the proposed new “Token Taxonomy Act” (HR 7356). The proposed Token Taxonomy Act seeks to modify both existing… Read More

January 14, 2019 @ 10:16 am By Cali Haan  |  

Police in Spain and Costa Rica have arrested 12 individuals they believe kidnapped an American businessperson in Costa Rica on September 24th, 2018, The Daily Mail reports. According to various Costa Rican media, William Sean Creighton, also known as ‘5 Dimes Tony,’ was running the ‘5 Dimes’… Read More

January 11, 2019 @ 9:41 am By Samantha Hurst  |  

FitPay, Inc., a wholly owned subsidiary of NXT-ID, Inc. and technology platform that adds contactless payment capabilities to wearable and IoT devices, announced on Friday it will begin shipping initial orders of Flip, which is described as a new contactless payment device that enables Bitcoin holders… Read More

January 11, 2019 @ 7:03 am By Cali Haan  |  

A Maltese-Italian actor and model named Davide Tucci has taken to Facebook to warn the public that his face and name are being used in fake Facebook ads, on websites and and in articles to promote Bitcoin-related scams, Malta Today reports. According to Tucci in… Read More

January 10, 2019 @ 9:12 pm By Samantha Hurst  |  

Bitcoin ATM firm Bitstop announced on Thursday it has partnered with KIOSK Information Systems (KIOSK), a custom self-service solution provider, to create an innovative Bitcoin ATM platform enabling customers to easily buy and sell digital currency on the spot. While sharing details about the partnership, Bill Butler, KIOSK CEO,… Read More

January 10, 2019 @ 3:10 pm By Samantha Hurst  |  

Bitwise Asset Management, a provider of cryptoasset index and beta funds, announced on Thursday it has filed an initial registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a new proposed physically held bitcoin exchange-traded fund (ETF). According to Bitwise, the… Read More

January 9, 2019 @ 10:25 pm By Cali Haan  |  

Police and Norwegian media are reporting that the wife of one of Norway’s richest people went missing from her home October 31st, and hasn’t been seen since. According to Norwegian police, “the main hypothesis” is that 68-year-old Anne-Elisabeth Hagen was abducted. Police say they found… Read More

January 9, 2019 @ 10:13 pm By Cali Haan  |  

Erik Vorhees, CEO of a cryptocurrency hot wallet and marketplace project called Shapeshift, has announced in a company blog post that he has “let go” 37 employees in response to the “Crypto Winter” now underway. “It’s a deep and painful reduction, mirrored across many crypto… Read More

January 9, 2019 @ 10:54 am By Cali Haan  |  

Regulators from the Japanese Financial Services Agency today told Cointelegraph Japan that, contrary to information provided by an anonymous source to Bloomberg, the agency is not contemplating approving Bitcoin ETFs in Japan right now. According to an FSA source to Cointelegraph: “We are not considering… Read More

January 8, 2019 @ 10:45 pm By Cali Haan  |  

Arnold Kling, an economist and adjunct scholar at the Libertarian think tank The Cato Institute, has blogged his reflections on a recent interview with blockchain proponents and tech VCs Andreessen-Horowitz (A-H). Like A-H, Kling was around during the Internet’s nascent phase and made money from… Read More

January 8, 2019 @ 9:46 am By Cali Haan  |  

A man arrested for flinging Hong Kong hundred dollar bills ($13 USD) off a local high-rise in December is now being sued by investors who say he duped them out of $3 million dollars, South China Morning News (SCMP) reports. Four investors staged a protest… Read More