Many different types of projects are being developed on top of the Ethereum blockchain as we speak. Umbrella Coin is one of those projects and it has a lot of potential. More specifically, the team is looking into providing the next generation insurance platform. Life will happen in one way or another and being prepared … Continue reading Umbrella Coin Aims to Democratize the Insurance Industry
Many different types of projects are being developed on top of the Ethereum blockchain as we speak. Umbrella Coin is one of those projects and it has a lot of potential. More specifically, the team is looking into providing the next generation insurance platform. Life will happen in one way or another and being prepared … Continue reading Umbrella Coin Aims to Democratize the Insurance Industry
HONG KONG, August 16, 2017 — Monaco, the pioneering payments, and cryptocurrency platform, today announced its partnership with Binance, China’s fastest growing digital asset exchange. Binance will list Monaco’s MCO token on Wednesday, August 23, as its first exchange in China. Kris Marszalek, Co-founder, and CEO of Monaco commented, “Since the successful closing of our token … Continue reading MONACO MCO TOKEN TO LIST ON BINANCE.COM, CHINA’S FASTEST GROWING EXCHANGE
HONG KONG, August 16, 2017 — Monaco, the pioneering payments, and cryptocurrency platform, today announced its partnership with Binance, China’s fastest growing digital asset exchange. Binance will list Monaco’s MCO token on Wednesday, August 23, as its first exchange in China. Kris Marszalek, Co-founder, and CEO of Monaco commented, “Since the successful closing of our token … Continue reading MONACO MCO TOKEN TO LIST ON BINANCE.COM, CHINA’S FASTEST GROWING EXCHANGE
Economic TimesBitcoin is literally soaring into space after rocket-like surgeEconomic TimesBlockstream Inc. plans to make the digital ledger underpinning the cryptocurrency accessible via satellite signal so people without Internet access, or in places…
Blockchain continues to prove itself as a resourceful technique for bringing more transparency and security to the global business market. Many industries in past have opened up about their interests in the decentralized ledger. And some of them already have incubation labs in place to see a possible blockchain integration. A similar development is also … Continue reading MediBond Proposes to Build Decentralized Healthcare Applications on Blockchain
Blockchain continues to prove itself as a resourceful technique for bringing more transparency and security to the global business market. Many industries in past have opened up about their interests in the decentralized ledger. And some of them already have incubation labs in place to see a possible blockchain integration. A similar development is also … Continue reading MediBond Proposes to Build Decentralized Healthcare Applications on Blockchain
The ATB Coin project continues to develop, improve and expand its network of partners. Recently, we agreed to cooperate with the famous Chinese crypto-exchange dabtc.com. Also we are happy to announce the imminent start of the second stage of the ICO! At 8 am on August 15, EST, New York (GMT-4) starts the crowdsale of the unique cryptocurrency, … Continue reading ATB Coin announces the second stage of ICO
The ATB Coin project continues to develop, improve and expand its network of partners. Recently, we agreed to cooperate with the famous Chinese crypto-exchange dabtc.com. Also we are happy to announce the imminent start of the second stage of the ICO! At 8 am on August 15, EST, New York (GMT-4) starts the crowdsale of the unique cryptocurrency, … Continue reading ATB Coin announces the second stage of ICO
Business Insider UKBitcoin is back above $4000Business Insider UKBitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses. Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that s…
Bitcoin is back above $4000 Business Insider UK Bitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses. Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that saw the cryptocurrency break the $4,000 and $4,500 mark for the ... Why You Should Attend Bitcoin and Blockchain MeetupsThe Merkle
Bitcoin is back above $4000Business InsiderBitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses. Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that saw the cryptocurrency …
Bitcoin is back above $4000 Business Insider Bitcoin is back above $4,000 a coin on Wednesday, as the digital currency pars back losses. Bitcoin fell below $4,000 late on Tuesday after a sensational rally on Sunday and Monday that saw the cryptocurrency break the $4,000 and $4,500 mark for the ...
Back in 2015 two rogue U.S. Secret Service agents, Shaun Bridges and Carl Mark Force, were caught and sentenced to prison for stealing funds while investigating the first high profile darknet market the Silk Road. Now according to reports, Shaun Bridges plead guilty on August 15 for moving 1,600 bitcoins of seized bitcoins confiscated by federal […]
Back in 2015 two rogue U.S. Secret Service agents, Shaun Bridges and Carl Mark Force, were caught and sentenced to prison for stealing funds while investigating the first high profile darknet market the Silk Road. Now according to reports, Shaun Bridges plead guilty on August 15 for moving 1,600 bitcoins of seized bitcoins confiscated by federal authorities.
Former U.S. Secret Service Agent Shaun Bridges Admits to Stealing 1600 Bitcoins Seized by the Federal Authorities
The tale of the underground Silk Road marketplace seems to never end, as U.S. prosecutors have recently charged former special agent Shaun Bridges with money laundering crimes. According to court documents uploaded to Pacer, Bridges moved 1606.6488 BTC worth US$6.6B at press time out of a federal account held on Bitstamp. At the time the stolen coins were only worth about a half of a million, and according to documents some of the funds moved to the two exchanges BTC-e and Bitfinex.
According to Arstechnica, Bridges was willing to answer questions and agreed to a plea bargain. William Frentzen, the Assistant United States Attorney, details to the publication that the stolen funds were dispersed between BTC-e, a hardware wallet, and the Bitfinex exchange.
“We would also prove that Mr. Bridges, following the government’s discovery that the bitcoin were missing and that they had in fact been moved, the government was able to obtain the bitcoin at Bitfinex,” explained the court’s prosecutor. “And we then met with Mr. Bridges, and through the course of that time we returned the bitcoin.”
Plea Bargains and ‘Keys to the Kingdom’
After the prosecution read their statements, Judge Seeborg asked Bridges if everything that was said to him was true. The former federal agent replied by stating the facts were accurate while also admitting he processed the bitcoin transactions shown to him in court. It’s unclear right now what kind of plea bargain Bridges made with the prosecution, but he could face ten years in prison and a $250,000 fine.
According to Ross Ulbricht’s family, Bridges and Carl Mark Force tainted the entire Silk Road investigation and Ulbricht’s hearing as well. Much of the information about the two rogue officers were kept hidden from courts even though the Ulbricht family said the two agents had “keys to the Silk Road Kingdom.”
Ulbricht’s defense said Force and Bridges had access to Silk Road administrator passwords, they could commandeer accounts, including DPR’s (and act as DPR), access private bitcoin keys, bank accounts and more. So far, Bridges has admitted to stealing millions of dollars worth of seized bitcoins, stolen before the two officers were taken into custody. Now Bridges will face more prison time when Judge Seeborg sentences the former agent in the next few months.
What do you think about the rogue agent Bridges being charged for money laundering and stealing 1600 BTC from the Feds? Let us know what you think in the comments below.
Images via Shutterstock, Pacer, and KTVU.
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On May 23rd the Digital Currency Group released a statement declaring that 58 signatories had agreed on a way to end Bitcoin’s ‘scaling debate’.
Known as the New York Agreement (NYA) it was said to be a compromise between the two sides of the debate — those who want to achieve scaling through Segregated Witness (Segwit) and those who prefer to scale by increasing the block size. It consists of two sequential phases — to activate Segwit using BIP 91 (making it compatible with the UASF) and then to hard fork the base block size to 2 MB ninety days later.
On May 23rd the Digital Currency Group released a statement declaring that 58 signatories had agreed on a way to end Bitcoin’s ‘scaling debate’.
Known as the New York Agreement (NYA) it was said to be a compromise between the two sides of the debate — those who want to achieve scaling through Segregated Witness (Segwit) and those who prefer to scale by increasing the block size. It consists of two sequential phases — to activate Segwit using BIP 91 (making it compatible with the UASF) and then to hard fork the base block size to 2 MB ninety days later.
e-Best Ventures, an Estonia-based venture capital management company, is set to receive support from FinTech Global Inc., a boutique investment bank, placing e-Best a step closer to start a fund that will invest in startups with blockchain technology. Currently, e-Best is fully owned by Blockhive, an organization that builds community consisting various businesses around blockchain … Continue reading e-Best Ventures Receives Backing From Japanese Investment Bank for Blockchain Investment
e-Best Ventures, an Estonia-based venture capital management company, is set to receive support from FinTech Global Inc., a boutique investment bank, placing e-Best a step closer to start a fund that will invest in startups with blockchain technology. Currently, e-Best is fully owned by Blockhive, an organization that builds community consisting various businesses around blockchain … Continue reading e-Best Ventures Receives Backing From Japanese Investment Bank for Blockchain Investment
Key Highlights Ethereum classic price failed to hold the $14.00 support area against the US Dollar and moved down. There are two bearish trend lines forming with resistance at $13.60 and $14.00 on the hourly chart of ETC/USD (Data feed via Kraken). The price may struggle to move higher and could even trade towards the … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Nosedives
Key Highlights Ethereum classic price failed to hold the $14.00 support area against the US Dollar and moved down. There are two bearish trend lines forming with resistance at $13.60 and $14.00 on the hourly chart of ETC/USD (Data feed via Kraken). The price may struggle to move higher and could even trade towards the … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Nosedives
Key Points Bitcoin cash price remained in the bearish zone below the $310 level against the US Dollar. Yesterday’s highlighted crucial descending channel pattern with current resistance at $311 on the hourly chart of BCH/USD (data feed from Kraken) is intact. The price may continue to decline and might fail on rallies towards $310-320. Bitcoin … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Poised for Declines
Key Points Bitcoin cash price remained in the bearish zone below the $310 level against the US Dollar. Yesterday’s highlighted crucial descending channel pattern with current resistance at $311 on the hourly chart of BCH/USD (data feed from Kraken) is intact. The price may continue to decline and might fail on rallies towards $310-320. Bitcoin … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Poised for Declines
Obsidian Inc., the company behind the revolutionary Obsidian Platform, is putting cryptocurrency’s underlying blockchain technology to good use by creating a communications system. The system, Obsidian Secure Messenger (OSM) allows users to send and receive messages over a highly secure protocol with assured privacy and secrecy. The creators of OSM have built the platform over … Continue reading Obsidian’s Use of C# Based Stratis to Empower the OSM Ecosystem
Obsidian Inc., the company behind the revolutionary Obsidian Platform, is putting cryptocurrency’s underlying blockchain technology to good use by creating a communications system. The system, Obsidian Secure Messenger (OSM) allows users to send and receive messages over a highly secure protocol with assured privacy and secrecy. The creators of OSM have built the platform over … Continue reading Obsidian’s Use of C# Based Stratis to Empower the OSM Ecosystem
Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO CNBC The HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is often used to pay them off. “That’s the requirement of most of these hackers,” the founder, chairman and …
Companies are buying bitcoin to pay off hackers, says top cybersecurity CEO CNBC The HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is often used to pay them off. "That's the requirement of most of these hackers," the founder, chairman and ...