This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. Also read: Bitcoin Cash Innovation Continues with the […]
Prosecutors in Germany have made an emergency sale of cryptocurrencies seized in two investigations due to concerns over price volatility.
A former U.S. Department of Justice section head has been hired to help drive sales of Bitfury’s Crystal, a blockchain tracking product.
Prosecutors in South Korea have raided the largest cryptocurrency exchange in the country, UPbit, over suspected fraud, according to a report.
China’s Ministry of Public Security has developed a blockchain system aimed to more securely store evidence collected during police investigations.
The U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office […]
It has been a while since we last heard any major Onecoin-related news, though this notorious Ponzi scheme has been in the crosshairs of law enforcement agencies for quite some time now. It is evident this scheme will fall apart at some point in the near future. The company’s offices in Sofia, Bulgaria were raided by […]
According to the owner of the Russian cryptocurrency news outlet Forklog, Anatoly Kaplan, his media firm is being harassed by Ukrainian law enforcement officials. On December 15, agents from the Ukrainian Security Service (SSU) searched both Kaplan’s apartment and the Forklog offices in Odessa for an alleged association with U.S. nationals committing criminal activities. Also […]
According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen. Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges The Mining Pool […]
While automation and technological innovation should be embraced rather than opposed, they are not foolproof solutions by any stretch of the imagination. Arresting criminal suspects based on information provided by a computer program is not acceptable. A UK human rights group has expressed concern over these practices, claiming that such systems are “advisory” rather than “necessary”. Police and Algorithm-based […]
Unlike money in the bank, cryptocurrency can’t be unilaterally seized by governments, clawing back a modicum of power for the individual.
It is only a matter of time until all of OneCoin’s financial investigations catch up with it. Multiple countries are investigating this infamous Ponzi scheme and it seems some progress has been made in Finland. The police there are targeting one OneCoin promoter in particular, although it is likely more individuals are on their radar. […]
Japanese law enforcement officials have released new figures about cryptocurrency-related fraud during 2017.
Last week the Russian bitcoin exchange, BTC-e, told the public about the trading platform’s plan to repay customers. Now the exchange is back and says there will be a full update come August 30 and the organization will follow with daily announcements. Further, BTC-e answered multiple questions from customers who want access to their funds. […]
BTC-e says it will publish more frequent updates about its recovery plans after August 31, according to a newly released statement.