#Bitcoin News

Bitfinex Releases IEO Whitepaper, Claims $404 Million Net Profit in 2018

May 11, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Exchange

Under fire cryptocurrency exchange, Bitfinex, has released a whitepaper claiming they turned a $404 million net profit in 2018, as reported by Bloomberg on May 9, 2019. The information provided is not backed by evidence as the exchange only revealed select data from their financial statements. Bitfinex Addresses Insolvency Claims In...

Bitcoin is a Sh*tcoin, Says Nouriel Roubini in Latest Anti-Cryptocurrency Rant

May 10, 2019 by Osato Avan-Nomayo at Adoption, Altcoins, Bitcoin, News

Like clockwork, every so often, nocoiners take turns to try to bash bitcoin (BTC) but with little success. This time around, it is New York University (NYU) Economics Professor, Nouriel Roubini, using colorful language to describe bitcoin while ranting that he didn’t care about the price of BTC, the New...

Cryptocurrency washing machine with bitcoin inside it discovered by EUROPOL Detective

Major Crypto Laundering Business Uncovered in Spain

May 9, 2019 by Mohammad Musharraf at Altcoins, Bitcoin, Crime, News

Europol has announced the arrest of eight individuals in Spain who allegedly have ties to a criminal organization that is involved in cryptocurrency laundering services, May 08, 2019 $10 Million Credit Received in Cold and Hot Wallets It seems as though the more the regulatory authorities are trying to bind...

Verizon Security Report: 23 Percent of Data Breaches Carried Out by State-Sponsored Cybercrime Syndicates

May 9, 2019 by Osato Avan-Nomayo at Altcoins, Bitcoin, Crime, Cybersecurity, News

A Verizon internet security report shows that state-sponsored hacking is becoming an increasingly larger part of global cybercrime, ZDNet reports, May 8, 2019. The Verizon report also showed that hackers prefer cryptocurrency to launder their stolen funds or to demand ransom payments. State-Sponsored Hacking Becoming a Clear & Present Danger...

Zebpay CEO: India Bitcoin Ban Fears Unfounded

May 9, 2019 by Anthonia Isichei at Bitcoin, Exchange, News, Regulation

Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during...

Crowdfunder Sued for Misappropriating Funds over $800,000 to Buy Bitcoin

May 8, 2019 by Anthonia Isichei at Bitcoin, Crime, Investment, News

The U.S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts....

White House Issues Circular on Deep Web Opioid Market, Targets Cryptocurrencies

Crypto and the Dark Web: An Unholy Alliance or An Inevitable Side Effect?

May 8, 2019 by Tokoni Uti at Altcoins, Bitcoin, News, Tech

With the use of cryptocurrencies increasing on the dark web, we explore what the possible long-term effects this type of usage will be on the adoption front. Crypto in Shadows One of the most fascinating concepts on the internet is the dark web. For most, the dark web has the...

Robots trading cryptocurrency bitcoin ethereum EOS XRP making dollars

Study: Cryptocurrency Trading Bots on the Rise

May 8, 2019 by Neil at Bitcoin, Blockchain, News, Tech

There are many organizations and corporations that are eager to use blockchain to increase efficiency and transparency in their respective sectors. However, it appears as though there are a growing number of bots that are exploiting vulnerabilities in various cryptocurrency exchanges according to a Homeland Security News Wire article published...

Binance Hacked Laptop Red SKull and Bones

Binance Hacked, 7,000 BTC Stolen From Hot Wallet

May 8, 2019 by Ashwath Balakrishnan at Bitcoin, Crime, Cybersecurity, Exchange, News

Crypto hackers struck again as 7,000 BTC was stolen from Binance's hot wallet. Tthe exchange reported on May 8, 2019, that hackers were able to obtain a large number of API keys, 2FA codes, and other user information to execute their attack. Binance's SAFU Breached Binance discovered a large scale...

WeChat Updates Policy Statement: Bans Bitcoin Transactions

May 7, 2019 by Anthonia Isichei at Altcoins, Bitcoin, News, Regulation

News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not...

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