Cryptocurrency Analysis and News Portal
Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14.Per the report, the organization obtained over €600,000 ($674,000) and laundered over €1 million ($1.2 million) using bitcoin. Furthermore, the Command of Alicante reportedly
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Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following problematic offerings like that of purported cryptocurrency firm Longfin Corp., the Wall Street Journal (WSJ) reported on June 10.Earlier in June, the United States Securities and Exchange Commission’s (SEC) filed fraud charges against Longfin. The SEC
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The United States Securities and Exchange Commission (SEC) has filed fraud charges against supposed cryptocurrency firm Longfin Corp. and its CEO Venkata S. Meenavalli, according to a press release on June 5.Longfin saw a massive jump in its share price in 2017 when it claimed that it had redirected
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The Securities and Futures Commission (SFC) of Hong Kong has expressed concern over the lack of regulation for dealing with fraud in the crypto space, local news agency The Standard reports May 30.SFC enforcement chief Thomas Atkinson has recently pointed out problems associated with the existing regulatory uncertainty over
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By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance.High-Profile
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One of the most recognizable figures in investing has had a change of heart in his opinion towards Bitcoin and cryptocurrency. Mark Mobius, cofounder of Mobius Capital Partners, recently spoke in a Bloomberg podcast where he claimed that Bitcoin will be “alive and well” into the future. Despite his current
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Photo: Brian Solis / FlickrThe US cryptocurrency investor and entrepreneur Michael Terpin has won over $75 million in a case related to SIM-swap fraud. The amount will be paid in compensatory and punitive damages exceeding $50 million.At the beginning of this year, Terpin filed the case against 21-year-old Nicholas
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Fraud impacts organizations of all types and sizes across a wide range of industries and geographies. Consequences can be direct, through financial losses, or indirect, through fines and reputational fallout. In 2018, firms worldwide lost more than $7 billion to internal fraud schemes, according to a “2018 Report to
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An experienced crypto investor has been conned out of £1.2 mln he had saved throughout his life; police say the money is unlikely to be recovered A person from the Island of Jersey has fallen for a Bitcoin scam and lost over $1.5 mln of his life savings. The police say this
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By CCN.com: The U.S. Justice Department has nabbed one of two crypto fraudsters accused of a shadow banks scheme that entailed the processing of hundreds of millions of dollars of unregulated transactions on behalf of several cryptocurrency exchanges.On the surface, these seem like the run-of-the-mill bad actor arrests. However, chatter
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