Tagged: bitcoin

Los Angeles Man Pleads Guilty to Laundering $25 Million in Person and at Bitcoin ATM

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

Outage at Amazon Web Services as Bitcoins to Trade for Less Than $1

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

Huobi DM Now Offers Instant Settlement for BTC Contracts

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

After 4-Month Fight, Bitfinex Ordered to Provide Business Records

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

Bitmain Alleges Fraudulent Use of Name by Mangocoin (MGC)

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

Chipmixer “Bitcoin Tumbler” Used to Launder Funds Stolen in $80 Million USD Hack on Binance

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

Texas Issues Cease and Desist Orders Against Unregistered Crypto and Forex Investment Entity

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

P2P Bitcoin Marketplace Paxful Reports 70% Increase in Bank Transfers Due to Institutional Clients

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

European Central Bank Seeking to Close Gaps on Crypto Network Monitoring

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

Fund Manager: Looming Crises in Asia Pushing Capital into Bitcoin and Gold, “But Real Rates of Return Will Come Down”

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

Cyberpol Calls Bitcoin “Unlawful.” ECIPS Says IMF Has “A Lot of Explaining to Do” Around Crypto Public Policy “Failing”

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

Record Bitcoins Flow Out of BitMEX as CFTC Investigation Looms

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

Safe Haven: Yuan Dives and Bitcoin Rises

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

Arca: It’s All Speculation, Crypto No More So. Also, Please Buy Our Tokens

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

Report: Tether Has Supplanted Bitcoin for Russia-China Commercial Remittances

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

GoFundMe Campaign Started to Defend Peter Todd Sexual Assault Accuser

A trans cryptographer named Isis Agora Lovecruft has started a GoFundMe campaign to defend themself in a defamation lawsuit brought by prominent Bitcoin core developer Peter Todd. Todd levelled the suit against Lovecruft in April after Lovecruft called him a “rapist” in a tweet. Lovecruft’s… Read More

Genesis Reports $746 in Crypto Lending/Borrowing Originations in Q2: Best Quarter Ever

Genesis, a digital asset trading and lending platform that is also a broker-dealer registered with FINRA, and a BitLicense holder with the New York State Department of Financial Services, reports that its services are booming. According to a release from last week, Genesis’ Q2 performance… Read More

FBI: Man Charged in $7 Million Fake Bitcoin Escrow and Custody Case

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

OKEx Donates $4.5 Million Worth of Bitcoin to Perpetual Swap Market Insurance Fund

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

“Destination Bitcoin” Operator Indicted in New Jersey for Unlicensed Money Transmission

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

Send this to a friend