Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework

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A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote.…

Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

Analysts: Cryptocurrency Interest Remains High, Exchange Revenues are Evidence

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Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency…

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That

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Scammers are threatening to reveal cheating husbands to their wives and asking for bitcoin ransom – check the details in this edition of The Daily. A porn streaming website now rewards its users with tokens, and hair sprays are sold for BTC and BCH. Also, find out what Brits think about blockchain and learn about…

Axoni Closes $32 Million Funding Round Led by Goldman Sachs

Axoni Closes $32 Million Funding Round Led by Goldman Sachs

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Axoni, a New York-based enterprise provider of blockchain technology, has completed a $32 million Series B funding round. Major players took part in the funding round including  Goldman Sachs, NYCA Partners, Digital Currency Group, J.P. Morgan, Wells Fargo, Citi and Andreessen Horowitz. The funding round was announced on Axoni’s official blog, Aug. 14. Founded in…

Can Security Tokens Save Crypto From the Bear Market Blues?

Can Security Tokens Save Crypto From the Bear Market Blues?

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A conference this week in Canada saw discussion of how securities tokens might offer a path for blockchain products to reach consumers.

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

Bitcoin Investor Sues AT&T For $224 Million in Alleged Crypto Fraud

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While cryptocurrency scams and lawsuits are usually based on “exit-scams” and outright frauds, Michael Terpin, a U.S.-based cryptocurrency investor, has filed a mammoth $224 million lawsuit against his telecom operator, citing the theft of digital tokens. AT&T’s Identity Gamble As reported by Reuters, Aug. 15, Terpin is holding telecommunications giant AT&T liable for gross negligence…

Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

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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…

Overstock and Galaxy Digital Shares Face Drawback from Crypto Bear Market

Overstock and Galaxy Digital Shares Face Drawback from Crypto Bear Market

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Since the start of 2018, the overall cryptocurrency market has struggled to maintain a recovery from its multi-month downtrend. In accordance with increased selloffs, companies heavily vested in the nascent digital asset class are starting to face drawbacks. Overstock Shares Plummet Despite tZERO Investment Online retail giant Overstock.com Inc. entered the cryptocurrency sector when it…