US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million
Oct21

US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million

A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” the derivatives regulator detailed. Also read: Yahoo!...

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World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe
Oct21

World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe

Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. The theft centred around a complex scheme of trading stocks that also involved hedge funds and large international commercial law firms. Also read: $50 Million Bitcoin Mining Farm Opens in Armenia...

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Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System
Oct21

Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

On Friday, Oct. 19, the developers of Bitcoinfiles.com launched the first official version of the product. Now anyone from around the globe can tether a file (5kb or less) to the BCH chain, ensuring its resistance to censorship. Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty File Storage Tethered to the Bitcoin Cash Blockchain Bitcoin Cash (BCH) developers James Cramer, Attila Aros and...

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Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading
Oct21

Indian Cryptocurrency Exchanges See Rapid Growth in P2P Trading

Trading volumes on exchange-escrowed peer-to-peer (P2P) cryptocurrency trading platforms in India are rising rapidly amid the banking ban by the country’s central bank. “Indians are warming up to P2P in amazing ways,” the CEO of a local crypto exchange told news.Bitcoin.com. Several other exchanges competing in the same space are seeing similar responses from their users. Also read: Yahoo! Japan Confirms...

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The Daily: Huobi Unveils HUSD, New Cryptocurrency Loans Launch
Oct21

The Daily: Huobi Unveils HUSD, New Cryptocurrency Loans Launch

It’s been a week for stablecoin stories in the crypto sphere, and while we’d like to have started the weekend on a different tack, Huobi’s effort was too intriguing not to share. We’ll also detail the latest cryptocurrency lending options in Saturday’s edition of The Daily and consider a topical Halloween costume for bitcoiners. Also read: Bitcoin Cash Merchant Directory Marco Coino Surpasses 500...

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