FBI Makes Two New Arrests For Cryptocurrency Theft

Two men from Massachusetts were charged by the US Department of Justice (DOJ) on multiple counts, including wire fraud, computer fraud, abuse and identity theft. The defendants, Eric Meiggs, 21 and Declan Harrington, 20  were allegedly attempting to steal from digital currency companies’ directors and others “who likely had significant amounts of cryptocurrency,” and...

Crypto Capital Executive Indicted on Fraud Allegations

Crypto Capital executive Oz Yosef was charged with multiple crimes by the U.S. Attorney’s Office of the Southern District of New York. As stated in the court documents from October 23, Yosef was indicted on 3 counts, including bank fraud, conspiracy to commit bank fraud, and conspiracy to perform unlicensed money transmitting service.According to the...

Bitmain’s Internal Struggles Detailed in the Leaked Transcript

A transcript of a recent Bitmain staff meeting surfaced online exposing intense leadership struggles inside one of the greatest bitcoin miner producers in the world, resulting in the dismissal of co-founder Micree Ketuan Zhan.The transcript states that Jihan Wu, the fellow co-founder of the company, talked about why he thought the company should terminate...

Tether and Bitfinex Sued for $1.4 Trillion

A law office from New York filed a lawsuit against a cryptocurrency exchange Bitfinex and Tether, claiming they manipulated the crypto market, causing harm to traders while reaping benefits for themselves.According to the lawsuit, Bitfinex and some of the associated entities participated in fraudulent, competition-distorting, and market-manipulation activities, causing financial damage to the plaintiffs.Additionally,...

Bittrex Selects Chainalysis Software to Detect Suspicious Transactions

Bittrex a cryptocurrency exchange that has been in operation since 2014 and a Top-100 exchange by trade volume, has introduced a real-time monitoring solution to help it detect suspicious activity on its cryptocurrency trading platform, developed by the blockchain analysis company Chainalysis. The new software is known as Chainalysis KYT (Know Your Transaction) and it...

OKEx Arm in South Korea Delists 5 Coins, Including Monero and Dash

The South Korean subsidiary of a major cryptocurrency exchange OKEx announced plans to delist five major altcoins due to regulatory reasons. Starting Oct. 10, the exchange will stop providing support for Monero (XMR), Dash, Zcash (ZEC), Horizen (ZEN) and Super bitcoin (SBTC). OKEx dropped the 5 cryptocurrencies because they prioritize privacy, making it harder to...

Wright Must Turn Over Half of His Bitcoin Holdings, Judge Rules

Judge Bruce Reinhart ruled that Craig Wright has to let go of 50% of his bitcoin assets and intellectual property to Ira Kleiman. According to the ruling, Wright is also obliged to pay the lawyer’s expenses. At the beginning of 2018, David Kleiman’s brother took legal action against Craig Wright, blaming him for stealing a...

Crypto Mining Must Be Regulated, Claims US Human-Trafficking Expert

Yesterday, an expert witness told a U.S. Senate subcommittee that cryptocurrencies are clearing the way for human trafficking, saying this industry can be much better controlled than it is now. David Murray, the vice president of product development and services at Financial Integrity Network began his speech by focusing on the immense profits human traffickers...

Is The $3 Billion Ponzi Scheme To Blame For The Recent Bitcoin Slump?

Dovey Wan, the founding partner of the blockchain-based investment company Primitive Ventures, has made waves throughout the crypto industry by releasing the information which connects the China-based wallet PlusToken to the recent slump in bitcoin prices. After the world’s biggest digital coin created an 18-month high just below the $14,000 handle in June, it started...

Thai AML Chief Pushes For Crackdown on Cryptocurrency

Preecha Charoensahayanon, the secretary-general of Thai Anti-Money Laundering Office (AMLO), has urged legislators to amend the current version of the Anti-Money Laundering Act, with an aim to oblige providers of cryptocurrency exchange services to report their activities to AMLO, Bangkok Post reports. The proposed change will likely result in bringing cryptos under the AML...