South Korea has witnessed a surge in crypto trading, particularly following a market recovery. Correspondingly, authorities in the country received almost 49% more alerts of potentially suspicious transactions from crypto service providers in 2023 compared to the previous year. A paper from the Financial Intelligence Unit (FIU) revealed that South Korea logged 16,076 instances of...Read More
In a shocking turn of events, a middle-aged Swedish couple fell victim to a violent home invasion orchestrated by a gang of masked men determined to steal their Bitcoin holdings. This incident, which unfolded earlier this week in the town of Rönninge, south of Stockholm, has highlighted the alarming trend of cryptocurrency-related robberies in Sweden....Read More
Former project manager at now defunct crypto investing firm Bitsonar, Yaroslav Shtadchenko, has filed a complaint with the U.S Federal Bureau of Investigation (FBI) accusing his former employer at Bitsonar of fraud. The accused, Bitsonar’s founder, Alexander Tovstenko, who was also a former clerk at the Ukrainian government hired Shtadchenko in 2018 “to provide consulting...Read More
It is a well-known fact that US politicians don’t like bitcoin very much. Particularly the Federal Reserve governor still sees plenty of problems, primarily due it facilitating illicit activities. In a recent meeting, the bitcoin debate was reopened once again. The Fed Still Hates Bitcoin As regulators prepare to take a closer look at cryptocurrencies,...Read More
A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme.The post appeared first on NewsBTCRead More
Cybercrime is growing at an exponential rate, and showing zero signs of slowing down or stopping in the near future. As technology advances, so do the tactics used by these criminals, especially surrounding crypto.The post appeared first on NewsBTCRead More
Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone. Criminals...Read More
The Takeaway: Experts say Hamas is now using bitcoin for cross-border fundraising at an unprecedented rate. Still, even the largest estimates of terror financing in the region are apparently dwarfed by civilian bitcoin usage in the Gaza Strip, local experts tell CoinDesk. General awareness in Palestine of bitcoin and ethereum has increased since 2018. Freelance...Read More
The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from...Read More
A man has been sentenced in San Diego, California, for conspiring to sell drugs over dark web markets for cryptocurrencies. Thirty-nine-year-old Sky Justin Gornik had pleaded guilty to using a number of marketplaces such as Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market to deal in fentanyl, carfentanil, ketamine, oxycodone, amphetamine and other...Read More
Many officials claim only criminals use Bitcoin. All of those people are in the wrong. Many people use cryptocurrencies for a wide variety of purposes. It is certainly true criminals favor Bitcoin due to its pseudonymity. One Norwich-based individual was sentenced for hacking and accepting cryptocurrency as a payment. Teens Love Bitcoin Riches One has...Read More