Crime

Bitcoin crime hasn’t slowed. Our bitcoin crime news gives you the most relevant stories

Bitcoin Gambling Law

Bitcoin Gambling Law

Bitcoin, a digital currency, was created by a software developer named Satoshi Nakamoto to revolutionize online payments. Based on complex mathematical formulas, this electronically generated currency actually worked and has been in use for more than a decade now. Bitcoin Gambling Law Unlike all other currencies in the world, Bitcoin is neither printed nor controlled …

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Hackers Steal $32 Million In Ether Cryptocurrency Hack

With the growing popularity of cryptocurrencies, cyber criminals are becoming increasingly perceptive. Cybercrime is at an all-time high. Many cases go unreported, a few hundred dollars stolen doesn’t catch someone’s attention. However, one hacker has outdone himself by stealing over $30 million of Ether (ETH). Ether is one of the world’s most popular cryptocurrency, which …

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Bitcoin Ransomware Plagues Landscape

Bitcoin Ransomware Plagues Landscape Noone likes a shakedown. Rather, noone wants to be the target of a shakedown. However, where there’s a will theres a way. As the nature of crime evolves with the times, criminals are adopting Bitcoin as a payment receipt mechanism. Malware trojanhorse type programs such as CryptoLock and CryptoWall are some of …

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IRS Coinbase Request

IRS Wants Information on CoinBase Users

IRS Requests Data on Coinbase Users In an ongoing IRS’s effort to fight tax evasion the Internal Revenue Service working with a federal court has forced Coinbase, a major bitcoin wallet service company to hand over personal information of their users. They’ve targeted those who have made transactions between the year 2013 to 2015. Another …

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Bitcoin Price India

Bitcoin Price Skyrockets in India

Bitcoin Price Tops $985 on Indian Exchanges Ban of High Denomination Notes Indian Prime Minister, Narendra Modi, has announced that 500 Rupee (~$7.28 USD) and 1000 Ruppe (~$14.56 USD) banknotes will be discontinued. This act is part of a set of initiatives known as the Pradhan Mantri Jan Dhan Yojana (PMJDY), or financial inclusion act. The New York Times …

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Federal Judge Rules Bitcoin is Money

Major Ruling By Federal Judge Bitcoin is Real Money Bitcoin is a form of currency with intrinsic value pegged to traditional currency. Governmental and legal entities globally have not come to a consensus how to categorize Bitcoin. In a landmark decision U.S. District Judge Alison Nathan in Manhattan ruled Bitcoin was to be treated as money. This was for on the hacking attack against J.P. Morgan Chase …

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paul vernon ceo cryptsy theft

Did Paul Vernon (Cryptsy CEO) Steal from his own exchange?

Cryptsy CEO Paul Vernon Stole from Exchange, Court Papers Alleges A recent development in the case alleges that Cryptsy CEO, Paul Vernon, or Big Vern, exchanged $3.3 million of cryptocurrency from the exchange to his and his wife’s bank accounts. This statement comes a receiver involved with the class action lawsuit continuing since the closure of cryptsy on January 16, 2016 …

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Bitfinex Hack Theft

What Does the Bitfinex Hack Mean for it’s Future?

Will Bitfinex Remain When the Dust Clears? We have always regarded Bitfinex as one of our favorite exchanges. This is primarily due to the lack of verification required for transferring Bitcoin on to the exchange, along with exchanging it for USD. This is similar to BTC-E as reviewed here. Since registering years ago, laws have changed, …

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Ether hack Dao theft

Ether/DAO Hack: Is Ethereum Dead?

Ethereum’s DAO Hacked… Here’s the How, Why, and When If you haven’t heard already, the DAO part of the ethereum network has been hacked. Funds have been draining from the fund since the hack, totalling nearly 60$ million. This hack exploited a recursive calling vulnerability. Essentially the hacker split transactions then sent the split the …

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Erik Voorhees Shapeshift Hack Interview

Interview with Shapeshift.io CEO: Erik Voorhees

Interview with Shapeshift.io CEO: Erik Voorhees Shapeshift.io is our premier choice for converting (read: exchanging) cryptocurrencies. It is an invaluable tool for anyone interested in diversifying cryptocurrency holdings. Our preferred method is obviously direct, but Shapeshift has beat our expectations time and time again. With the recent shapeshift hack, many have been wondering the security …

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Silk Road extortion Bitcoin Theft DEA

Corrupt DEA Agent Sentenced for Bitcoin Theft from Silk Road

Corruption Plagues Silk Road Trial Many know the Silk Road’s creator, Ross Ulbricht, is in jail, but what about the DEA agents? The Silk Road Scandal hasn’t Ended Almost 18 months of the site’s infamous closure, a DEA agent and a secret service agent were both arrested, facing charges for wire fraud – in relations to the Silk Road …

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