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Tag Archives: bitcoin

Bitcoin news roundup, September 17, 2017

This week’s summary of various cryptocurrency news and developments: New developments: BTC-e’s new exchange platform is up and running: it’s called WEX BTC-e, one of the oldest Bitcoin exchanges, had been taken down following the arrest of a Russian national in Greece. At the time, the man was believed to be an admin at the exchange, but soon a Bitcointalk ... Read More »

Bitcoin news roundup, September 10, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Cryptocurrency complaints surged this year, just like its userbase A recent report published by student loan market LendEDU revealed that cryptocurrency-related customer complaints, the majority of which against Coinbase, filed with the U.S. Consumer Financial Protection Bureau (CFPB) surged this year. According to the report, a total of seven ... Read More »

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Hackers Steal Cellular Accounts to Break 2FA Protected Online Bitcoin Wallets

All of the major cellular service providers have been seeing an increase of attacks on customer accounts. Hackers are stealing cell phone numbers from users of Verizon, AT&T, T-Mobile, and Sprint through social engineering techniques. Once the attackers have control of a phone number they can use it to reset passwords for services like Google and social media sites. The ... Read More »

Australia Prepares for the First Stage of Government Bitcoin Regulation

According to the Financial Times, Australian authorities announced legislation that will massively alter the course of cryptocurrency in the country. The legislation places “digital currency” exchanges under the legal jurisdiction of Australia’s Transaction Reports and Analysis Centre (Austrac). Austrac is Australia’s financial crime branch of government, and as such, will be investigating crimes committed with cryptocurrency. Unsurprisingly, the Australian Minister ... Read More »

Bitcoin news roundup, September 3, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Troubled Exchange BTC-e is now back online BTC-e, one of the oldest bitcoin exchanges, was taken down earlier this summer after a Russian national was arrested for allegedly laundering billions in bitcoin. At the time it was believed that he was an admin at the exchange, and it was ... Read More »

Bitcoin news roundup, August 27, 2017

This week’s summary of various cryptocurrency news and developments: New developments: SegWit is now active on the Bitcoin blockchain Segregated Witness (SegWit) is now active on Bitcoin’s blockchain. Essentially, SegWit rearranges how data is stored on Bitcoin blocks, boosts capacity, and removes transaction malleability. Various cryptocurrency experts, including Blockstream executives, Lightning founder Elizabeth Stark, and Litecoin creator Charlie Lee, expressed ... Read More »

UK Police Fail to Identify Bitcoin, Research Group Claims

The N8 Policing Research Partnership, in early August, published a report that called for an increased law enforcement involvement in bitcoin seizures. The research group, hereinafter “N8,” proposed that UK police needed cryptocurrency training for several reasons. The most significant, they explained, involved the role Bitcoin had on modern criminal activity. According to their report, Bitcoin had become the most ... Read More »

Bitcoin news roundup, August 20, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Rogue Silk Road agent admits he stole another 1,600 BTC after guilty plea Shaun Bridges, a rogue Secret Service agent who plead guilty to obstruction of justice and money laundering while investigating Silk Road, after stealing over $800,000 worth of Bitcoin, recently plead guilty to stealing another 1,600 BTC ... Read More »

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Public Thinks Bitcoin is Mainly for Darknet Use, Study Shows

YouGov, an international market research company, conducted a study on Bitcoin and Ethereum. The findings, the company said, in spite of the growing popularity of both currencies, indicated several findings that some may find surprising. YouGov researches nearly everything. “Domino’s trails behind rival Pizza Hut in quality perception,” one of the company’s tweets reads. Another tweet points out that “53% ... Read More »

How Did BTC-E (Allegedly) Process 95% of Bitcoin Ransom Payments

  BTC-E, the oldest bitcoin exchange in the bitcoin industry, was officially taken down and seized by six U.S. law enforcement agencies last week for its involvement in the theft of $2.21 billion from now-defunct bitcoin exchange Mt. Gox and Bitcoinica. Alexander Vinnick, the founder of BTC-E, was arrested in Greece and charged for laundering over $4 billion in bitcoin ... Read More »

Bitcoin news roundup, August 13, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Goldman Sachs states cryptocurrencies are getting harder to ignore According to Business Insider, Goldman Sachs analyst Robert D. Boroujerdi and his team sent a note to portfolio managers, stating that with a market cap of nearly $120 billion, it’s getting harder for institutional investors to ignore cryptocurrencies. Robert and ... Read More »

Bitcoin news roundup, August 6, 2017

This week’s summary of various cryptocurrency news and developments: New developments: The Bitcoin network split, and Bitcoin Cash (BCC) is now the fourth cryptocurrency by market cap On August 1, Bitcoin Cash (BCC) or Bcash (BCH) was created as a group of miners “forked” from the main Bitcoin blockchain, essentially running a new, incompatible software that changed the way the ... Read More »

Bitcoin news roundup, July 30, 2017

This week’s summary of various cryptocurrency news and developments: New developments: A BTC-e operator was arrested, accused of laundering $4 billion, there may be a connection to the Mt Gox hack Various reports indicate that a 38-year-old Russian man recently arrested in Greece for money laundering was an operator at popular cryptocurrency exchange BTC-e. The man, Alexander Vinnik, is accused ... Read More »

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Bitcoin price Analysis 28 July 2017

Bitcoin’s Civil War is not yet over. These past 2 weeks, the price of Bitcoin was in limbo, trapped between breaking higher or breaking down to lower levels. An impending blockchain hardfork on August 1 is perhaps responsible for the tension that could send prices lower. But there is also the overarching bullish trend from late 2016 that is set ... Read More »