Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in PrisonThe founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian […]

Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud Americans

Crypto Exchange Owner Sentenced to 10 Years in Prison for Multimillion-Dollar Scheme to Defraud AmericansThe U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department of Justice alleges. Crypto Exchange Owner Sentenced to 10 Years in Prison The […]

Russia Proposes New Rules and Penalties for Cryptocurrency Owners

Russia Proposes New Rules and Penalties for Cryptocurrency OwnersThe Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation Russia’s Ministry of Finance has proposed new amendments to the country’s law on digital financial […]

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Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000

The founder of the Silk Road marketplace, Ross Ulbricht, has published another analysis that attempts to predict the price of bitcoin. Ulbricht started sharing his price examinations last December and he leveraged the patterns of Elliott Wave theory to bolster his forecast. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This […]

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Ross Ulbricht Uses Elliot Waves to Predict Bitcoin’s Trajectory From Behind Bars

Ross Ulbricht Uses Elliot Waves to Predict Bitcoin’s Trajectory From Behind BarsRoss Ulbricht, serving life without parole for allegedly running the Silk Road marketplace, hasn’t allowed his detention to deprive him from monitoring bitcoin’s price action. In a new blog series titled Bitcoin by Ross, Ulbricht reveals that he is closely attuned to BTC’s price movements, and shares some suggestions as to where the market might […]

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Lyn Ulbricht Speaks Out Against Unfair Silk Road Sentencing, Facebook and Government Hypocrisy

Lyn Ulbricht Speaks Out Against Unfair Silk Road Sentencing, Facebook and Government HypocrisyU.S. representative Ann Wagner noted at a recent hearing that child pornographic material has been reported on Facebook more than any other site. Lyn Ulbricht, mother of currently imprisoned Silk Road founder Ross Ulbricht, spoke out in a video livestream Wednesday against her son’s unfair sentencing and the hypocrisy of allowing sites like Zuckerberg’s to […]

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‘We’re Going to Find You’ – How Undercover Agents Trade Prison Time for Bitcoins

'We're Going to Find You' - Undercover Agents Continue Trading Prison Time for BitcoinsAn Australian national living in Boulder, Colorado was slammed with a one year and a day prison sentence last month for trading bitcoins. An August 23 statement from the Colorado U.S. District Attorney’s Office states that Emilio Testa, 32, was charged with money laundering, and claims Testa knew the funds he was acquiring had been […]

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How Government Agencies Make Criminals of Crypto Traders

New Jersey Man Indicted as Global Crackdown on Crypto EscalatesA New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face up to five years in prison and […]

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Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders

Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony Ross Ulbricht Reflects […]

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Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time

Former Mt Gox CEO Reflects on Incarceration in Japan, While Facing More Prison TimeThe infamous Mark Karpeles, former CEO of the now defunct bitcoin exchange Mt Gox, appeared in an exposé interview on Monday and publicly discussed how he tolerated Japanese jail. Karpeles explained how he’s been accused of financial misconduct in a land that has a 99 percent conviction rate and he wouldn’t wish his experience on anyone. […]

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