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...

CEO of the Embattled Brazillian Crypto Company Owns 25,000 Bitcoins

October 08 - CEO of the Embattled Brazillian Crypto Company Owns 25,000 Bitcoins A leaked tax filing shows that Claudio Oliveira, the Chief Executive of the embattled Brazilian cryptocurrency company Grupo Bitcoin Banco, owns as much as 25,000 Bitcoin. This amount is currently worth more than $209 million USD.A person familiar with Brazil’s tax authority,...

NiceHash Co-Founder Arrested in Germany

The former CTO and co-founder of the Slovenian cryptocurrency hash power broker NiceHash has been arrested in Germany on charges of being a member of a group of hackers that was in charge of millions of dollars robbery.As the Slovenian news portal 24UR.com reports, Matjaz Skorjanec was detained by German law enforcement last Monday....

Fully Insured Custody Provider Enters the Market

The new cryptocurrency custodian KNØX has entered the market today with an extensive fund insurance program arranged by the insurance provider giant Marsh & McLennan, Coindesk reports. The Canada-based KNØX provides protection for its customers, such as asset managers and hedge funds, through its storage feature which keeps the cryptographic personal keys offline. Marsh’s insurance...

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...

StockX Suffered a Major Hacking Attack in May And Then Misled Its Customers

StockX, a Detroit based startup that runs a popular platform for buying and selling sneakers and other apparel, suffered a major hacking attack in May, TechCrunch reports. The law enforcement agencies are notified of the incident.  On August 08, StockX sent a letter to their customers “Notice of Data Breach”, in which they confirmed that...

OneCoin Scam Victim Files Lawsuit after $760,000 Loss

Cryptocurrency firm OneCoin is officially sued for scamming thousands of investors in a Ponzi scheme with one of the plaintiffs using over $700,000 in the scam. A class action document was filed on May 7 at the US Southern District Court of New York for multiple charges against four executives behind OneCoin. The crypto...

Polish Crypto Exchange Bitmarket Unexpectedly Shuts Down

Bitmarket, the Polish cryptocurrency exchange which started operating in 2014, stopped all operations without warning earlier this week. The exchange cited ‘loss of liquidity’ as the reason for its shutdown but declined to provide any further information, including what will to happen to funds in user exchange wallets. According to the message currently displayed on...