Tagged: localbitcoins

Florida Granted Right to Appeal Previously Dismissed Case Against LocalBitcoins Trader

The State of Florida has been granted the right to appeal Judge Theresa May Pooler’s dismissal of a case of alleged unlicensed money transmission brought against a LocalBitcoins trader called Michell Espinosa. In 2013, Espinosa became the focus of a sting operation for “operating an… Read More

Peer-to-Peer Bitcoin Trade Service LocalBitcoins Hacked

Hackers may have created a fake LocalBitcoin forum page for the popular global peer-to-peer Bitcoins trading service LocalBitcoins, thereby conning “a number” of affected users out of disclosing the info needed to steal their digital coins. According to a report from LocalBitcoins on Reddit, the… Read More

Prosecuted LocalBitcoins Seller Arrested for Alleged Fraud in “Bitcointopia” Nevada Land Scheme

About eight months ago, a man facing jail for allegedly taking more cash than is legally allowed in a Bitcoin transaction began heavily promoting a “Bitcointopia” project he’d conceived to develop in Nevada. Morgan Rockcoons, (also known as Nodefather, Morgan Rockwell, and Metaballo) posted relentless… Read More

San Diego LocalBitcoins Dealer Pleads Guilty to Money Laundering, Forfeits “Ill-Gotten Gains”

Jacob Burrell Campos, 21, plead guilty in San Diego yesterday to operating an unlicensed money business and agreed to forfeit $823,357.00, according to a news release from the US Attorney’s Office-Southern District of California. Mr Campos admitted he traded hundreds of thousands of dollars of… Read More

Darknet Drug Market Admin “Oxymonster” Sentenced to 20 Years, Forfeits $700 000 in Crypto

Gal Vallerius, a dual French-Israeli citizen from the Brittany region of France, was sentenced to 20 years in prison earlier this month after pleading guilty to, “conspiracy to possess with the intent to distribute controlled substances and conspiracy to launder money,” court documents indicate. Mr Vallerius,… Read More

Zimbabwe Finance Minister May Push Central Bank to Establish National Cryptocurrency

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Zimbabwe’s new Finance Minister, Mthuli Ncube, has urged central bankers in his inflation-plagued country to reconsider their cautious stance against cryptocurrencies, and says he may push the establishment of a national cryptocurrency for Zimbabwe, ITWebAfrica reports. The country should also should be more forward looking,… Read More

Another LocalBitcoins Seller Jailed in the US

A LocalBitcoins seller in Arizona has been sentenced to 41 months’ imprisonment (with credit for time served) after being convicted by a jury of trading bitcoins for drug money. According to a release from the Arizona District Attorney’s Office, federal agents began investigating Thomas Mario… Read More

LA Local Bitcoins Seller “Bitcoin Maven” Sentenced to One Year in Prison

A Los Angeles LocalBitcoins seller who plead guilty to running an unregistered money transmission business and laundering drug money for bitcoins has been sentenced to a- year-plus-one-day’s imprisonment. In addition to completing three years’ probation and paying a fine of $20 000, former stockbroker and real… Read More

Indian Supreme Court Upholds Ban on Banks Doing Business with Crypto Exchanges

It just got a lot harder to buy cryptocurrencies in India. Close to the end of a three-month grace period granted to banks and customers affected by a ban on transfering money onto and off of cryptocurrency trading platforms, the Supreme Court of India has… Read More

Sentencing of Los Angeles LocalBitcoins Seller Delayed

A LocalBitcoins seller, known as “Bitcoin Maven,” who plead guilty to running an unregistered money transmission business and laundering drug money for Bitcoin, had her sentencing postponed yesterday at a federal court in LA. As part of a pre-indictment plea agreement, Theresa Tetley, 50, pleaded… Read More

P2P Bitcoin Exchange Aims to Launch in 70 Countries: Coinffeine’s Objective Seeks to Provide Alternative to LocalBitcoins

Coinffeine,  an open source, peer-to-peer bitcoin exchange platform, enables users  to buy and sell bitcoins securely and anonymously without having to rely on a centralized exchange like MtGox or Bitstamp. It’s like BitTorrent for  bitcoins.  Coinffeine’s beta P2P exchange, hopes to offer the same local buying service… Read More

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