“Bitcoins for cash in bags” trader gets 12 months in prison We found the full story in what’s called the Sentencing Position document filed by the United States of America in its federal court case against Theresa Tetley, aka the “Bitcoin Maven”. The Bitcoin Maven (a maven, in case you are wondering, is an expert or connoisseur) had already pleaded guilty to money laundering charges relating… Read More
Is the Bitcoin network an oligarchy? Cryptocurrencies like Bitcoin can be analysed because every transaction is traceable. This means that they are an attractive system for physicists to study. In a paper published in EPJ B, Leonardo Ermann from the National Commission for Atomic Energy in Buenos Aires, Argentina, and colleagues from the University of Toulouse, France, have examined the structure… Read More
Nakamoto Family Foundation Announcing the first excerpt to a literary work consisting of two parts. The excerpt is provided. I wanted to include it as a brief glimpse of history. Even for those that can’t read the full book, I wanted to make this available to everyone. A short story if you will, with some of the most… Read More
Feds Pose as Cryptocurrency Money Launderer to Bust Alleged Dark Web Dealers In a novel investigative strategy, rather than just following the money, investigators went undercover as someone converting Bitcoin into cash, exploiting a financial bottleneck faced by dark web criminals. Law enforcement agencies are always looking for new ways to identify suspects on the dark web, whether that means using malware to unmask people, executing wide… Read More
Apple Bans Apps That Mine Cryptocurrencies Apple has updated its review guidelines to specifically prohibit iOS and Mac apps uploaded on the company’s official App Store from utilizing users’ devices for cryptocurrency mining operations. The ban applies for apps designed explicitly with mining operations in mind. Other cryptocurrency-related functions, like managing or trading cryptocoin funds, are still permitted. Two sections have… Read More
Bitcoin price takes a dive after another cryptocurrency exchange hack The exchange in question is called Coinrail, and if you visit its website right now you’ll see a “System maintenance” message that tells you more than they’re just updating the servers. The devil’s in the detail – the site is down because it got hacked over the weekend. The statement on Coinrail’s website says that… Read More
Bitcoin backlash as ‘miners’ stress power grids in Central Washington Public hearings for rural electric utilities are rarely sellout events. But the crowd that showed up in Wenatchee two weeks ago for a hearing about Bitcoin mining in Chelan County was so large that utility staff had to open a second room with a video feed for the overflow. As a result, an area famous… Read More
The DoJ is reportedly probing the murky world of bitcoin trading Bitcoin and other cryptocurrencies have taken a wild ride over the past 18 months. Now, according to Bloomberg News, the US Department of Justice has opened a criminal investigation into whether price manipulations have contributed to the meteoric rises and crushing falls. The coins prosecutors are examining include bitcoin and ether, which have both bounced… Read More
German online bank uses Bitcoins to transfer loans German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin. Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost. Clients hold the loans in digital tokens like Bitcoin only for seconds… Read More
What Is a Bitcoin ‘Death Cross’ and Why Is Everyone Talking About It? You may have heard of the death cross, because news outlets have grabbed onto it likely because it sounds awesome and people click on awesome things. The reality is less exciting: A death cross is when an asset’s short-term movement average crosses below its long-term average, indicating way more downward action in the market than… Read More