PYMNTS

DECEMBER 20, 2020

Square 's Cash App has a new feature letting customers get bitcoin back with any transaction, CoinDesk reported. But bitcoin has been trending upward for the company and in general, with Square reporting $1.63 billion in bitcoin revenue from Cash App in its third quarter earnings. In other news, Nigeria is now the No.

Bitcoin 160

Bitcoin blockchain cryptocurrency Fraud 160

PYMNTS

DECEMBER 1, 2020

Bitcoin saw a new all-time record high on Monday (Nov. Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal. Eastern Time.

Bitcoin 201

Bitcoin cryptocurrency United States Fraud 201

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. According to the court, Collins potentially began investing in bitcoin at an early stage, increasing his value over time.

Bitcoin 130

Bitcoin Fraud cryptocurrency California 130

PYMNTS

APRIL 22, 2020

An alleged new digital currency Ponzi scheme out of China, Antimatter Kingdom (AK), has seemingly brought in bitcoin valued at $11 million in under a single month of operation, Cointelegraph reported. It maintains that it has taken in 180,000 bitcoins, but it seems that the effort brought a figure nearer to $11 million in bitcoin.

Bitcoin 207

Bitcoin Fraud blockchain Report 207

PYMNTS

DECEMBER 21, 2020

with money laundering, fraudulent banking and computer fraud, Reuters reported. “It The exchange froze all withdrawals after noticing that large amounts of bitcoin, Ether, Ethereum Classic, XRP, Tether and Zcash were leaving the platform’s hot wallets. They allege that F.F. Meanwhile, U.K. 21), according to Cointelegraph.

blockchain 206

blockchain Bitcoin Fraud Report 206

PYMNTS

MAY 20, 2020

Consumers will now be able to make automatic purchases of bitcoin via Cash App, and in smaller satoshi denominations that could lead to more accessibility, CoinDesk reports. Because bitcoin is valued at around $10,000, even just one is too expensive for many retail investors. But with satoshis, there are 2.1 crypto exchange.

Bitcoin 199

Bitcoin cryptocurrency Comparison Fraud 199

PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

Bitcoin 150

Bitcoin cryptocurrency Fraud Security 150

PYMNTS

FEBRUARY 9, 2020

The cost of crimes involving bitcoin and cryptocurrency hit $4.3 Chainalysis, the New York-based firm that works with clients like the Federal Bureau of Investigations in order to track scams and fraud, said the trend has been that Ponzi schemes mimicking investment opportunities have proven effective at leeching money away from victims.

Fraud 207

Fraud cryptocurrency Bitcoin Comparison 207

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

Fraud 195

Fraud Training Software cryptocurrency 195

PYMNTS

NOVEMBER 11, 2020

The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported.

Bitcoin 320

Bitcoin ATM cryptocurrency blockchain 320

PYMNTS

JUNE 17, 2020

Its Federal Ministry for Digital and Economic Affairs provided a grant of $67,600 to the QualiSig program that taps into portions of the country’s digital identity infrastructure to make prototypes involving wellness data, fraud prevention and fake news. Users can add up to a little more than $700 in bitcoin to use toward payments for trips.

Bitcoin 184

Bitcoin blockchain Payments Apple 184

PYMNTS

APRIL 26, 2020

The owner of a site that wanted to sell fake coronavirus cures and accept payment in bitcoin has been seized by the U.S. The owner allegedly theorized with others about potentially selling “high markup in demand products” through the site, marking the price of the domain up and reportedly asking for payment in bitcoin.

Bitcoin 154

Bitcoin blockchain Fraud New York 154

The Paypers

APRIL 15, 2024

Victims of an investment fraud scheme in China have sought to recover USD 4.3 billion in Bitcoin held by the United Kingdom ’s Government.

Bitcoin 45

Bitcoin Fraud 45

PYMNTS

MAY 1, 2019

Reports came from Bloomberg this week that bitcoin, the marquee name of cryptocurrencies, was trading at a several hundred dollar premium on one exchange: Bitfinex. Now, reports Bloomberg, investors have been exiting Tether and embracing bitcoin. Paying up for the privilege of crowding into bitcoin to get away from another crypto?

Bitcoin 139

Bitcoin Fraud New York cryptocurrency 139

PYMNTS

FEBRUARY 3, 2020

The Google Play store is once again offering the mobile game Bitcoin Blast that gives users bitcoin to play with, CoinDesk reported on Friday (Jan. Its crypto mining division was reportedly part of what could be the world’s biggest bitcoin mine under development in Texas. The New York Supreme Court awarded $13.8

Bitcoin 135

Bitcoin blockchain New York cryptocurrency 135

PYMNTS

JUNE 23, 2020

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure ever.

Bitcoin 188

Bitcoin United States Fraud Analysis 188

PYMNTS

JULY 26, 2020

Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. Bitcoin has been negatively impacted by the pandemic over the past few months, halving for the third time in May and slicing the rewards bitcoin miners earn, per Reuters. ruled that bitcoin is money.

Bitcoin 161

Bitcoin Regulation United States Operations 161

PYMNTS

MAY 20, 2020

And now the fraudsters, increasingly, seem to be eyeing bitcoin, the marquee name in cryptocurrency, as coin of the realm across the dark web. It should be noted that the value of the activity rose, due in part for the price per bitcoin advancing through the period (thus the total number of transactions decreased).

Bitcoin 139

Bitcoin cryptocurrency Fraud blockchain 139

PYMNTS

JULY 13, 2020

Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.

Bitcoin 216

Bitcoin social media Report Industry 216

PYMNTS

NOVEMBER 20, 2018

Late last year, the value of a single bitcoin hit $9,143, climbing nearly six points in just 24 hours for a market cap north of $152 billion. dollar, to help bitcoin reach its record highs. Even when it was flying high, bitcoin had its share of detractors. I’m not comfortable with it.

Bitcoin 185

Bitcoin Marketing cryptocurrency Texas 185

PYMNTS

JULY 16, 2020

While bitcoin is not backed by assets, the BOT’s cryptocurrency will be supported by assets like the international reserve of the nation. On another note, a 20-something individual has been charged with wire fraud for allegedly bilking investors out of over $4.5 million in bitcoin and $30,000 in U.S. million in ether, about $1.1

Bitcoin 148

Bitcoin Fraud cryptocurrency Lending 148

PYMNTS

NOVEMBER 8, 2020

Federal Reserve Chair Jerome Powell advising more money printing meant that purchasing Bitcoin was a good idea. Bitcoin proponents have warned before about the impact of short-term tinkering with the economy represented by the large public debt increase. He said it would be more positive with more financial aid.

Bitcoin 155

Bitcoin blockchain Fraud Conference 155

PYMNTS

NOVEMBER 26, 2019

In other news, crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether , have been accused again of manipulating the bitcoin markets. 22, says that both companies “monopolized and conspired to monopolize the Bitcoin market.”. When Bitcoin prices were falling, Defendants and their co-conspirators printed USD?s

Bitcoin 130

Bitcoin Marketing blockchain Washington 130

PYMNTS

FEBRUARY 23, 2020

Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. Fraud has become a concern with cryptocurrency around the world.

Operations 151

Operations Fraud Capital Marketing 151

PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Among the issues plaguing bitcoin and its peers is the fact that unlike credit card transactions, cryptocurrency payments are almost immediately irreversible. For instance, a new U.S. In unveiling the report , U.S. “To

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

JUNE 4, 2020

In the blog post, the ransomware gang says they can release stolen data on student names, Social Security numbers, and financial information in less than a week if a crypto payment in Bitcoin is not made. billion in fraud, hacks and theft in just the first five months of 2020, according to a study by crypto intelligence company CipherTrace.

Bitcoin 152

Bitcoin Groups San Francisco Michigan 152

PYMNTS

SEPTEMBER 15, 2020

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. The company noted that its collection of bitcoin might exceed the $250 million investment that the company made known in August.

Bitcoin 238

Bitcoin Texas blockchain Florida 238

PYMNTS

OCTOBER 3, 2017

Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that is focused on bitcoin and other cryptocurrencies. If the firm moves ahead with these plans, it will be the first high-profile Wall Street company to deal directly in the bitcoin trading market.

Bitcoin 181

Bitcoin cryptocurrency New York blockchain 181

PYMNTS

APRIL 28, 2019

Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The scammers then ordered the man to transfer a total of $1,000 ($734 USD) worth of bitcoin to their wallets on two occasions, which the victim did. The country is also the top of the list when it comes to general fraud schemes.

Bitcoin 148

Bitcoin Fraud cryptocurrency National 148

PYMNTS

DECEMBER 12, 2019

The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s FinTech unicorn Square. . Lawmakers in the Netherlands are looking into upping the maximum prison sentence for anyone committing payment fraud with cryptocurrency and money transfer apps, according to TheNextWeb.

Bitcoin 131

Bitcoin Fraud Regulation social media 131

PYMNTS

DECEMBER 31, 2018

Long ago and far away, bitcoin enthusiasm was measured in dollars, and what a difference a year makes. Well, that’s a popularity contest, and for bitcoin, popularity reigned as evidenced by the roughly $20,000 for which the cryptocurrency changed hands, a heady rise from the less-than $800 level that marked the beginning of 2017.

Bitcoin 188

Bitcoin cryptocurrency Texas Fraud 188

PYMNTS

AUGUST 19, 2019

Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. We are seeing gangs involved in drug trafficking and firearms offenses turning to fraud, targeting victims across the U.K. Fraud that was in turn prevented by the unit amounted to as much as $8.2

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

MAY 18, 2018

Bitcoin buyers beware: A new report in The Wall Street Journal has found hundreds of tech firms are using deceptive or fraudulent tactics to attract investors. There are going to be some legitimate players that emerge from this, but it’s going to be a handful—a lot of it looks like penny-stock fraud with lower barriers to entry.”.

Bitcoin 102

Bitcoin Fraud Examples Security 102

PYMNTS

NOVEMBER 18, 2020

Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. Bitcoin has been on the rise in 2020 as it becomes increasingly more accepted by the mainstream payments industry. 18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. It fell slightly, hitting 17,542.52 Eastern Time.

Bitcoin 151

Bitcoin Report cryptocurrency Security 151

PYMNTS

JANUARY 18, 2021

dollar will remain strong on the international stage and won’t be surpassed by bitcoin anytime soon, although it could be a veritable reserve currency, CoinDesk reported. Other than, you know, gold, bitcoin. Flynn purchased bitcoin for his roughly 450 clients, the report stated. Unless the U.S. Unless the U.S.

Bitcoin 157

Bitcoin cryptocurrency blockchain Report 157

PYMNTS

DECEMBER 11, 2018

Bitcoin, the world’s best-known cryptocurrency, continued its downward slide on Tuesday (Dec. Tuesday morning saw one bitcoin trading at $3,333.60, which is down 2.1 28, when bitcoin traded near $4,200.66,” wrote Nancy Pakbaz, an analyst at DailyFX. Bitcoin isn’t the only cryptocurrency on tilt. Ether is down 3.3

Bitcoin 167

Bitcoin cryptocurrency Analysis Fraud 167

PYMNTS

OCTOBER 27, 2020

Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. Bitcoin reached higher than the $13,600 level intraday. The price of bitcoin was $13,750.90 27) afternoon Eastern Time. as of 7:19 p.m.

Bitcoin 267

Bitcoin Industry blockchain cryptocurrency 267