Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police
Indian police have raided a cryptocurrency mining operation whose establishment was funded by a nearly $15 million USD ponzi scheme. Police seized hundreds of mining cards. Also Read: Another Indian Company Challenges Ban on Crypto Banking Ponzi-Financed Ethereum Mine Raided in India Delhi Police’s Cyber Cell has conducted a raid on a cryptocurrency mining operation held in a 4,000 square foot complex in Dehradun. The...
Details Emerge on Foxconn-Manufactured Ultra-Secure Crypto Phone
Bitcoin paranoids rejoice. The technical details have emerged about Sirin Finney, an ultra secure mobile device promising to keep your cryptocurrency transactions private. The phone will feature an embedded cold storage wallet, and will be built by the same company that builds the iPhone. Also Read: Elon Musk Takes on Bitcoin-Bashing Warren Buffett Secure Element Sirin Labs has released the specifications for its...
$2.5 Billion Sent Out of Iran to Purchase Cryptocurrencies
The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $2.5 Billion Capital Flight Mohammad Reza Pourebrahimi,...
Tel Aviv Court Forces Bank to Accept Funds From Sale of Bitcoin
The Israeli banking system keeps mounting challenges for bitcoin users, be they exchanges, miners or just traders, and keeps getting slapped for it by the courts. The latest example comes from Tel Aviv where a bank tried to deny incoming transfers from an exchange. Also Read: Israeli Bitcoin Mining Company Sues Bank for Closing Its Account Bank Uses AML as Excuse to Block Bitcoin Bank Hapoalim (TASE: POLI), Israel’s largest...
Bitcoin Cash Fund and Yeewallet Plan to Airdrop 20 BCH
On Tuesday, May 8, the Bitcoin Cash Fund and the Yeewallet team announced a partnership that aims to further spread bitcoin cash (BCH) adoption. The organizations’ plan to bolster BCH adoption by airdropping 20 BCH to Yeewallet users who meet the airdrop requirements. Also read: Bitcoin in Brief Tuesday: Bank Wires, Tickets, and Diplomas on Blockchain Tech The Bitcoin Cash Fund and Yeecall Partner to Further Spread BCH...
