29th July 2019
Digital currency exchange BTC-e and one of its owners, a Russian whose extradition the U.S. is seeking from Greece to face criminal charges, now face a civil lawsuit in California. The U.S. is attempting to recover penalties of $100 million from the company and Alexander Vinnik for alleged violations of… Read More
26th July 2019
When Bitcoin hit a 17-month high in late June, the milestone was met with some skepticism. Big jumps in a short period of time can signal that someone is trying to artificially move the market,… Read More
24th July 2019
Silk Road, the infamous dark web black market where users bought and sold practically everything — including fake passports, illegal narcotics, weapons, hacking software and dangerous chemicals — was shut… Read More
23rd July 2019
An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and heavy fines for anyone dealing in digital currencies, which could signal the end of them in India. The panel drew up a report and draft legislation, which will be examined… Read More
19th July 2019
European law enforcement agencies set to lose the ability to tap criminals’ mobile devices with the launch of 5G technology must be brought into discussions earlier when communications networks are modernised, the new head of Europol told Reuters. Appealing to EU leaders for greater powers to fight tech-savvy criminals, Catherine… Read More
17th July 2019
Bulgaria’s finance minister apologized to the country on Tuesday after admitting hackers had stolen millions of taxpayers’ financial data in an attack that one researcher said may have compromised nearly every adult’s personal records. The breach of servers at the tax agency (NRA) happened at the end of June and… Read More
15th July 2019
A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters. In a sign of widening scrutiny after… Read More
15th July 2019
A new UK plan to tackle economic crime would fail to hold companies sufficiently liable for illicit activity beyond bribery and tax evasion, anti-corruption campaigners told the Financial Times. Under current laws, British firms can only be deemed guilty of other financial crimes if the “directing mind”—a senior manager… Read More
26th June 2019
British and Dutch officials have arrested six individuals for their alleged roles in stealing €24 million in cryptocurrency from thousands of victims in a dozen countries. The suspects—five men and one woman—were arrested Tuesday morning in the UK’s Lower Weston and Staverton and the Dutch cities of Amsterdam and Rotterdam,… Read More
26th June 2019
Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project. Britain’s top financial regulator said there was not yet enough information to understand Libra, adding that it could be very significant for public policy and that… Read More