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. BlackBerry Optics Context Analysis Engine (CAE)’s harnesses Intel Threat Detection Technology’s “unique CPU telemetry” to find advanced cryptojacking programs.

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PYMNTS

JUNE 14, 2020

Xapo , a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location.

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PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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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. As part of his plea agreement, Chen admitted to operating the U.S. Collins did not contest the CAB’s ruling.

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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.

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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.

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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

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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.

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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. To recap, the AG accused Tether (of the Tether stablecoin) and the Bitfinex operator of possibly defrauding crypto investors.

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PYMNTS

JANUARY 24, 2021

LVL, an upstart bitcoin exchange, has rolled out its own Mastercard debit card which it's taking pre-orders for, a report from CoinDesk says. The card will be linked to bitcoin and fiat accounts, and will be one of Mastercard's premium accounts, able to be used anywhere globally, CEO Chris Slaughter said, according to the report.

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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).

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PYMNTS

JANUARY 19, 2018

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Bitcoin is like a [crypto] 101 version.

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PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. There are reportedly more than 1,000 organizations forecasted to tap into the solution.

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PYMNTS

NOVEMBER 30, 2020

27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. Chinese law enforcement seized 194,775 Bitcoin, 833,083 Ethereum, 487 million XRP, 6 billion Dogecoin, 27.6 billion) from more than 2.6

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PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. Coin Telegraph reported that Token Analyst found that almost 1.2

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PYMNTS

JANUARY 18, 2021

There is no way to continue operative business in these conditions.”. 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. Unless the U.S. Unless the U.S.

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PYMNTS

JUNE 18, 2019

As bitcoin hovers around $9,100, as Libra may (or may not) give the marquee cryptocurrency a run for its virtual money, it’s worth noting what lies behind the wild price swings — especially the ones that have ramped prices from sub $4,000 levels in short order. And where there is such a whole hearted embrace of promise there lies peril.

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PYMNTS

AUGUST 4, 2020

The operator then purportedly moved to a laundering and reimbursement scam that led to the U.S. Secret Service confiscating 1,721,868 tether and 482 bitcoin. bitcoin, according to a Telegram user cited in the report. One investor reportedly put in 82 bitcoin, while nine additional parties reportedly invested at least 10 bitcoin.

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PYMNTS

SEPTEMBER 27, 2020

The regulator said Binance had been put on a list due to distributing data related to the acquisition of digital coins like Bitcoin. The report showed that parts of Bitcoin, ERC-20 and some other tokens had been transferred out of the exchange from KuCoin's hot wallets. 24 of the news. 26 at around 3 a.m.

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Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

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PYMNTS

NOVEMBER 28, 2018

The UK’s Financial Conduct Authority ( FCA ) revealed that it has launched investigations into 50 cryptocurrency companies over unlicensed operations. And despite previous reports, Argentina will not be receiving thousands of Bitcoin ATMs (BATMs) by the end of 2019. Last month it was reported that U.S.-based

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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.

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PYMNTS

AUGUST 27, 2020

Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. 26), for promoting purchasing opportunities and information about bitcoin and other such products, according to a report from Cointelegraph.

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PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 million euros ($1.9 million) from its victims.

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PYMNTS

NOVEMBER 16, 2020

Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud. Preventing SIM swap fraud requires vigilance and ironclad authentication methods to ensure that users who are asking to transfer their phone numbers are legitimate rather than scammers.

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PYMNTS

MARCH 23, 2018

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. Bitcoin was trading at $8,505.18 The new service will include blockchain tools for developers of a wide range of apps that serve a variety of needs, from supply chain data tracking to insurance fraud prevention. as of 4:24 a.m., according to CoinDesk.

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PYMNTS

FEBRUARY 16, 2020

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. The Commodity Futures Trading Commission has charged a Colorado resident with fraud in an alleged Ponzi scheme.

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PYMNTS

AUGUST 18, 2020

Modernizing the processes through which logistics operates is critical to building more robust and efficient supply chains which will help with economic development and value creation for all parties.”.

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PYMNTS

OCTOBER 6, 2017

Vinnik is the accused mastermind behind a $4 billion bitcoin laundering ring and is one of seven Russians arrested or indicted on U.S. He is accused of operating BTC-e, a cryptocurrency exchange that traded in bitcoin but was actually a laundering ring used to bankroll crimes, such as hacking and drug trafficking as far back as 2011.

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PYMNTS

APRIL 10, 2019

Bittrex was ordered to stop operating in New York and close shop within 60 days. In other bitcoin news, two men in Singapore were arrested on charges that they promoted OneCoin, a multi-billion dollar cryptocurrency pyramid scheme. More specifically, today’s letter (from the DFS) contains several factual inaccuracies.”.

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PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. In addition, the SEC alleges Montroll and the exchange failed to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. In a parallel criminal case, the U.S.

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PYMNTS

AUGUST 3, 2016

Bitcoin appeals to many different people, including the nefarious ones that like the anonymity associated with digital currency. LexisNexis reportedly said it is partnering with Elliptic to create the new service that brings bank-grade control to transactions made in bitcoin. It will alert clients, including bitcoin exchanges and U.S.

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PYMNTS

FEBRUARY 14, 2017

A lawsuit launched from an inquiry into a bitcoin exchange and a breach of data at JPMorgan was expected to kick off on Monday (Feb. In January, Anthony Murgio , one of the alleged operators of Coin.mx, pled guilty on charges of conspiring to use the scheme to hack companies, including JPMorgan Chase. According to prosecutors, Coin.mx

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PYMNTS

MARCH 30, 2018

Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. The price of bitcoin was $6,826.68 Customers, in all, said they lost more than $11 million in 2017 due to tech support fraud. Youbit’s operating company, Yapian Corp.,

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PYMNTS

MAY 27, 2016

Gox bitcoin drama got a little more dramatic this week. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. Gox bitcoin.

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PYMNTS

AUGUST 26, 2019

The US Federal Trade Commission announced that the promoters of recruitment-based cryptocurrency schemes have been permanently banned from operating or participating in any multi-level marketing program. In other news, the bitcoin network saw a boost in the value of transaction output, which brought it to its highest level in two years.

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