A former YouTuber has been sentenced to 50 years in prison for masterminding a kidnapping that demanded $100,000 in BTC for the victim’s safety.
The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is a crime” means that bitcoiners risk prosecution simply for exercising their right to privacy. Also […]
The post US Department of Justice Is Criminalizing Onchain Privacy, Starting With Mixers appeared first on Bitcoin News.
Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two SR2 admins’ sentences […]
The post Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time appeared first on Bitcoin News.
In the last 72 hours, numerous darknet markets (DNMs) have been downed in a concerted DDoS attack. Meanwhile, Europol has been crowing over its success in toppling two markets that were already known to be stricken, Wall Street and Valhalla. As the dust settles, darknet users have been trying to separate FUD from fact. Also […]
Immediately after the Silk Road was taken down in 2013, a marketplace known as the Silk Road 2 launched. The new darknet market was run by a person who called himself the Dread Pirate Roberts 2 and he was arrested a few months later in November 2014. However, privacy advocate Thomas White, otherwise known as […]
The post Silk Road 2 Founder Finally Sentenced 5 Years After His Arrest appeared first on Bitcoin News.
Wikileaks’ bitcoin address has received a deluge of support following founding editor Julian Assange’s arrest. Donations have reached nearly $32,000 on Friday, 60% more than was raised the day before, when Assange was taken into custody. Also read: How Traditional Stock Markets Can Help Mainstream Cryptocurrency BTC Donations Reach $32,000 More than 6.3 BTC worth […]
The post Wikileaks Bitcoin Donations Soar Following Assange Arrest appeared first on Bitcoin News.
27-year-old Sam Karagiozis has been named as the individual arrested on March 7 following raids carried out by the Australian Transactions Reports and Analysis Centre (AUSTRAC) and Australian Federal Police. The arrest resulted in the suspension of the licenses of two cryptocurrency exchanges that Karagiozis is involved with including his controversial nationwide cryptocurrency ATM network, […]
The post Auscoin Exchange Suspended After Arrest of Sam Karagiozis appeared first on Bitcoin News.
Two Australian cryptocurrency exchanges have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following raids conducted by the Australian Federal Police in Melbourne. The raids resulted in the arrest of a 27-year-old who has been described as a “key member” of both exchanges. Also Read: P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela […]
The post Two Australian Crypto Exchange Licenses Suspended Following Arrest appeared first on Bitcoin News.
On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov […]
The post Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’ appeared first on Bitcoin News.
In this edition of The Daily, the creator of the in-browser crypto mining software Coinhive is closing down due to the low prices of monero and its forks. Also, $7.7 million of Eos has been stolen by a hacker and the crypto entrepreneur behind the money-throwing stunt in Hong Kong last year has been arrested […]
The post In the Daily: Coinhive Closedown, Eos Heist, Crypto Entrepreneur Arrested appeared first on Bitcoin News.