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In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to […]
The post Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners appeared first on Bitcoin News.
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Financial software developer Intuit has been awarded a patent for processing BTC payments via SMS and we’ve covered the details in today’s edition of Bitcoin in Brief. Also in The Daily, Brave browser plans to enable BAT tips for tweets and Reddit posts, cryptocurrency is projected to constitute 5 percent of the portfolios of US […]
The post Bitcoin in Brief: Crypto Payments via SMS, Coin Tips for Tweets and Posts appeared first on Bitcoin News.
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When making investment decisions it is always important to remember the old saying, “If something looks too good to be true, it probably is.” This is especially true if anyone promises you a bitcoin mining rig, which people wait for months in advance, at just a third of the retail price. Also Read: Silicon Valley […]
The post Alleged Fraudster Arrested in China Over $15M Mining Hardware Con appeared first on Bitcoin News.
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The government of Venezuela has taken action against two cryptocurrency exchange operators in the country. Both of them allow customers to convert between a number of cryptocurrencies and bolivars and send remittances abroad. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Operation Paper Hands The Venezuelan government’s “Operation Paper Hands” began a new phase […]
The post Venezuela Shuts Down Two Cryptocurrency Exchanges appeared first on Bitcoin News.
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South Korea is one of the places where cryptocurrency is booming. Even so, there are still a few risks associated with the people providing access to this new form of money. Users of the CoinNest exchange should be quite concerned right now, as the company’s CEO was arrested on suspicion of embezzlement and fraud. CoinNest CEO Runs Into Trouble The alleged connection between cryptocurrency and money laundering still needs solid evidence before it can be proven. Even though various regulators around the world tend to claim Bitcoin and altcoins are mainly used for laundering money and fraud, there has been very little evidencePowered by WPeMatico
South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects […]
The post CEO of Korean Exchange Coinnest among Four Arrested for Fraud appeared first on Bitcoin News.
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In today’s edition of Bitcoin in Brief, there’s a lot to chew over. The crypto-coaster dazes Asian millennials, Kucoin asks some awkward questions, everyone wants to own an exchange, and why do so many bitcoiners get busted in Bangkok? Also read: Bitcoin in Brief Wednesday: Satoshi’s Millions and the Price of Publicity Kucoin Has a Question […]
The post Bitcoin in Brief Thursday: Busted in Bangkok appeared first on Bitcoin News.
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During the height of the cryptocurrency trading mania, when major exchanges closed their doors to new clients in an effort to cope, it was not uncommon to see people offering big amounts to buy existing accounts. The following case should serve as a warning to anyone considering selling accounts, as you can never know what […]
The post Japanese Police Arrest Chinese Man for Selling Cryptocurrency Exchange Accounts appeared first on Bitcoin News.
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Welcome to Bitcoin in Brief, a new feature debuting today. Breaking stories, crypto drama, exchange updates, and other talking points from the fast-paced cryptocurrency world can all be found in this daily roundup. Bitcoin in Brief is for everyone who’s long on bitcoin but short on time. Also read: Chinese Engineer Arrested for Stealing 100 Bitcoin […]
The post Bitcoin in Brief: Blockchain Wars and a Sleuth of Bears appeared first on Bitcoin News.
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Who Watches the Watchmen? An engineer from Beijing has been arrested after allegedly discovering a failed hacking attempt to his company and taking advantage of the situation to steal some of the money for himself. 90% of the loot has been returned but he can still go to jail for as much as seven years. […]
The post Chinese Engineer Arrested for Stealing 100 Bitcoin From His Own Company appeared first on Bitcoin News.
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