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US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes

U.S. citizen Joseph Kim of Phoenix, Arizona has been fined $1.1 million and sentenced to 15 months in jail for misappropriating Bitcoin (BTC) and Litecoin (LTC) from several people, the U.S. Commodity Futures Trading Commission (CFTC) reports Friday, Nov. 9.The CFTC found out that Kim defrauded his employer, a Chicago-based proprietary trading firm, transferring approximately […]
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Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud …

The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 […]
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Cleveland’s Great Lakes Science Center Now Accepts Bitcoin Payments

The Great Lakes Science Center (GLSC) is now accepting bitcoin in various transactions.According to a recent news story from a Cleveland-based newspaper, the local Great Lakes Science Center has announced their adoption of bitcoin in a variety of transactions.Not only will bitcoin be accepted as a fully valid form of monetary exchange for the daily […]
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Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit

Judge Jed Rakoff has ruled to end the freeze on Charlie Shrem’s assets in a lawsuit brought against him by the Winklevoss brothers, Bloomberg reports Nov. 8.In a case unsealed in the U.S. District Court for the Southern District of New York earlier this month, the Winklevoss twins allege that Shrem took part of their […]
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Early Win for Shrem: Judge Unfreezes Assets in Winklevoss Lawsuit

In a short-term win for bitcoin advocate Charlie Shrem, a federal judge has lifted the freeze on Shrem’s financial accounts in an ongoing legal battle against the Winklevoss twins.Shrem’s financial accounts and assets were temporarily frozen via an attachment order following the suit’s initial filing. The order allowed the U.S. Marshall for the Southern District […]
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Blockstream Releases Full Node Access, Wallet, Block Explorer for Liquid

Blockstream has released a full node and wallet client for its newly released Liquid, along with a fresh-out-the-box block explorer to monitor transactions and other data on the sidechain.With a mission to establish “an inter-exchange settlement network,” Liquid was launched last month. The platform is a sidechain built out of Bitcoin’s mainnet that allows its […]
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Three Thai Siblings Accused of $24 Million Bitcoin Scam Plead ‘Not Guilty’

Three Thai citizens who are currently being prosecuted for allegedly swindling $24 million worth of Bitcoin (BTC) have pleaded “not guilty” in the Criminal Court of Bangkok, major Thai newspaper Bangkok Post reports Wednesday, Nov. 7.During the hearings, Thai prosecutors accused the three defendants and six accomplices of defrauding 21-year-old Finnish investor Aamai Otava Saarimaa […]
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California Cybercrime Police Focus on Cryptocurrency SIM Swapping as ‘Highest Priority’

U.S. law enforcement consider so-called “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud, security news and investigation blog KrebsonSecurity reported Nov. 7.Speaking to the publication, Samy Tarazi, a police sergeant in Santa Barbara and a supervisor of the REACT Task Force — a group dedicated to fighting cybercrime — […]
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eToro Launches Bespoke Cryptocurrency Wallet for Bitcoin and Three Altcoins

Global cryptocurrency and fiat trading platform eToro announced the release of its own cryptocurrency wallet today, Nov. 6, with initial support for four cryptoassets.EToro, which last month became the first platform to offer fiat trading of cryptocurrency exchange Binance’s in-house token Binance Coin (BNB), promises to add additional functionality to the product following the initial […]
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BTCC Announces the “Indefinite” Closure of Its Mining Pool

BTCC will be shutting down its mining pool by the end of the month.According to a recent notice made by the Hong Kong-based exchange, BTCC will deactivate its mining pool servers on November 15, 2018, and cease all operations entirely come November 30.Citing “business adjustments,” the notice was generally vague about the exact reason for […]
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