Auto Added by WPeMatico
Law enforcement officials in Russia have seized 22 BATMs installed at stores and restaurants in 9 different cities. The confiscation has been carried out on orders from the Prosecutor’s Office and the Central Bank, local media reported. The operation of crypto teller machines in the country is currently unregulated. Also read: Kiev’s Bessarabsky Market […]
The post Russian Police Seize 22 Cryptocurrency ATMs in 9 Cities appeared first on Bitcoin News.
Powered by WPeMatico
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 […]
The post Another US Bitcoin Trader Faces Prison for Illegal Money Transmission appeared first on Bitcoin News.
Powered by WPeMatico
Something happened this week that rarely occurs, history offered up a side-by-side comparison with a control. Heads of respective social network and messaging platforms Facebook and Telegram were each brought before their home governments, the United States for Mark Zuckerberg, Russia for Pavel Durov. How the two men responded is telling, and should inform everyone […]
The post Greedy Facebook Versus Ideological Telegram: Why Principles Matter appeared first on Bitcoin News.
Powered by WPeMatico
The blockchain surveillance company Chainalysis has announced it has raised $16 million USD in a Series A funding round from the firm Benchmark. Chainalysis also reveals it will be stretching its monitoring software efforts towards the bitcoin cash network and hopes by the year-end the platform will cover ten different public blockchains. Also read: Russians […]
The post Chainalysis Raises $16Mn – Plans to Monitor Multiple Blockchains appeared first on Bitcoin News.
Powered by WPeMatico
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 […]
The post US Bitcoin Trader Convicted for Illegal Money Transmission and Laundering appeared first on Bitcoin News.
Powered by WPeMatico
A district court in Kiev Oblast has accepted a lawsuit which is setting a precedent in Ukraine. The plaintiff seeks compensation in bitcoin for “moral damages” caused by law enforcement officials. A preliminary hearing has been scheduled after the presiding judge found no legal grounds to reject the claim. Also read: Lawsuit Challenges Google’s Ban […]
The post Ukraine to Compensate a Citizen in Bitcoin – for ”Moral Damages” appeared first on Bitcoin News.
Powered by WPeMatico
Just recently Japanese investigators revealed they had obtained 669 reports concerning “suspected money laundering” tied to cryptocurrency transactions and domestic digital currency trading platforms. The linked data was derived from investigations spurred by the recent transaction reporting statutes licensed exchanges are required to follow. Also read: Bitcoin Is Finding Its Way into High Schools Japanese Police […]
The post Japanese Police Reveal 669 Money Laundering Cases Tied to Local Exchanges appeared first on Bitcoin News.
Powered by WPeMatico
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 law enforcement agents this week. It is good to see officials crack down on clear scams such as this one before things really get out of hand. Onecoin Receives Another Major Blow Most people who have been active in cryptocurrency for a while will knowPowered by WPeMatico
Missing, stolen, lost or buried…these are all adjectives attracting attention when attached to the noun “cash”, physical or digital. Comments and shares on social media have revived curiosity and sparked questions about one particular monetary mystery – what happened with the 200,000 bitcoins Bulgaria seized from gangsters? As with any urban legend, a mix of facts, claims […]
The post The Mystery of the ”Lost” Bulgarian Bitcoins Sparks Questions Again appeared first on Bitcoin News.
Powered by WPeMatico
Ripple has been the talk of the town lately thanks to its rocketing value and growing market capitalization that’s making eyes at bitcoin. $1,000 of XRP bought a year ago would be worth half a million dollars today. But away from the price action, there’s an issue bugging ripple that just won’t go away. It’s […]
The post Ripple Gateways Can Freeze Users’ Funds at Any Time appeared first on Bitcoin News.
Powered by WPeMatico