BTCManager Logo with clear background. Orange and white font.

BITCOIN PRICE: 4,991.76     HIGH: 5,559.69     LOW: 4,865.00

=
BTCManager.com
advertisement
Next Event

Viva La Crypto • November 20-21, 2018

 Viva La Crypto is the first and biggest event in Mexico about blockchain technology and cryptocurrencies, more than 40 sponsors…

Click for more details
advertisement

Tag: fraud

Initial Coin Offering Case Ends In Guilty Plea As Man Admits to Lying

Category: Altcoins, Blockchain, Crime, News, Platform, Tech

Initial Coin Offering Case Ends In Guilty Plea As Man Admits to Lying

A fraud prosecution case in the United States (U.S.), involving initial coin offerings (ICO) recently ended in a guilty plea. According to a Bloomberg article published on November 15, 2018, the guilty man, Maksin Zaslavskiy, admitted to the U.S. judge that he had raised millions in investment and lied to approximately 1,000 investors. Guilty Man Raises ICO In Real Estate and Diamonds…

READ MORE

U.S. Trader Fined $1.1 Million and Sentenced to 15 Months for Commiting Bitcoin Fraud

Category: Bitcoin, Crime, Finance, News, Platform, Regulation

U.S. Trader Fined $1.1 Million and Sentenced to 15 Months for Commiting Bitcoin Fraud

According to a report by Bloomberg, published November 13, 2018, U.S. resident named Joseph Kim has been fined $1.1 million and sentenced to 15 months in prison for orchestrating fraudulent schemes related to bitcoin (BTC), and litecoin (LTC), thus duping his employer and several other customers of their money. Illegal Transfers and Fund Misappropriation In 2017, the U.S. Commodity Futures…

READ MORE

Blockchain Transparency Institute Releases Updated Exchange Rankings Report

Category: Altcoins, Bitcoin, Business, Exchange, Finance, Investment, News

Blockchain Transparency Institute Releases Updated Exchange Rankings Report

The Blockchain Transparency Institute recently released a Global Cryptocurrency Exchange Ranking Report for November 2018. According to the Organization’s blog post, published on November 1, 2018, Binance ranks first among other digital exchanges, with 312,801 active users and a 24-hour volume of over $1 billion. Binance Ranks top of the List With over 160,000 web users and 152,000 mobile users…

READ MORE

Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

Category: Business, Crime, Finance, Investment, News, Regulation

Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

On October 18, the U.S. Securities and Exchange Commission (SEC) ordered a New York-based firm Gelfman Blueprint, Inc. and CEO Nicholas Gelfman to pay $2.5 million in fines and restitution for running a Bitcoin Ponzi scheme. The indicted Nicholas Gelfman and his company presented false investor reports to other investors assuring them of profits. Brought to Book Interestingly, this is…

READ MORE

U.S SEC Crackdown Blockvest ICO over Irregularities in its Operations

Category: Altcoins, Business, Crime, Finance, News, Regulation

U.S SEC Crackdown Blockvest ICO over Irregularities in its Operations

The United States Securities and Exchange Commission (SEC) has taken action against Blockvest LLC., an initial coin offering (ICO) project whose founders falsely claimed to have registered with the commission, whereas they were operating illegally in the state, violating securities regulations, reported Finance Magnates on October 11, 2018. SEC Halts Blockvest ICO According to sources close to the matter, the…

READ MORE

advertisement

U.S. Federal Court Defines Cryptocurrencies as Commodities

Category: News

U.S. Federal Court Defines Cryptocurrencies as Commodities

Although the U.S.’s cryptocurrency definitions regulations are entirely unclear, policymakers are gaining greater clarity as they continue to resolve more cryptocurrency-related cases. According to the CFTC’s Press release published on October 3, 2018, the US District Judge Rya W Zobel gave the CFTC authority to prosecute My Big Coin Pay, the parent company of MyBigCoin.com, a cryptocurrency payment platform, for…

READ MORE

U.S SEC File Charges against Bitcoin-linked Firm, 1pool Ltd and its Founders

Category: Bitcoin, Crime, Finance, Investment, News, Regulation

U.S SEC File Charges against Bitcoin-linked Firm, 1pool Ltd and its Founders

The United States Securities and Exchange Commission (SEC) has filed charges against 1pool Ltd, a securities dealer registered in the Republic of the Marshall Islands and its founders for allegedly selling unregistered security-based swaps to U.S residents, according to statements from the commission on September 27, 2018. SEC Crushes another Bitcoin-based Business According to an SEC statement, international securities dealer…

READ MORE

U.S. Judge Bitcoin Decision Leads to CFTC Overseeing Virtual Currencies

Category: Bitcoin, Finance, News, Regulation

U.S. Judge Bitcoin Decision Leads to CFTC Overseeing Virtual Currencies

Federal judges made headlines on September 26, 2018, when they announced that virtual currencies meet the definitions of a commodity. Since bitcoin now falls under the same definition, the Commodity Future Trading Commission (CFTC) will continue to police virtual currencies. My Big Coin Case The reason why this decision even came up in the first place was due to a…

READ MORE

Bitforex’s Multibillion-Dollar Cryptocurrency Transaction Volume Could Be Inflated

Category: Altcoins, Bitcoin, Business, Exchange, Finance, News

Bitforex’s Multibillion-Dollar Cryptocurrency Transaction Volume Could Be Inflated

Singapore-based cryptocurrency exchange BitForex rose from relative obscurity to the top in a few short months. However, with the platform reporting daily transactions that exceed $5 billion, many are critical of the exchanges questionable business practices, Bloomberg reported on September 27, 2018. Crypto’s Open Secret Once just one of the dozens of obscure exchanges offering users the ability to trade…

READ MORE

Crowd Machine CEO Craig Sproule Opens up on CMCT Theft

Category: Altcoins, Blockchain, Crime, ICO News, News, Platform, Tech

Crowd Machine CEO Craig Sproule Opens up on CMCT Theft

On September 22, 2018, Crowd Machine, a blockchain startup aiming to create the world’s first global cloud computing service built on distributed ledger infrastructure suffered a severe hack that targeted the company’s crypto wallet and led to the loss of over 1 billion of its native CMCT tokens. Following the hack, the token suffered a market drop of 87 percent…

READ MORE

Join our Telegram Channel!