Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
Jul11

Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin

The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold and bitcoin.” Michael Novogratz is a well known investor and was a hedge fund manager at the investment firm Fortress Investment Group for years....

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Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
Jul11

Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme

A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi. Balaci pleaded guilty to a superseding information charging him with one count of a dual-object conspiracy to commit wire fraud and to...

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Wrongfully Accused ‘Pirate’ Wins $4,420 Judgment Against Movie Company
Jul11

Wrongfully Accused ‘Pirate’ Wins $4,420 Judgment Against Movie Company

Around the world, file-sharers are regularly pressed to pay significant settlement fees, often backed up by pressure from a lawsuit. These efforts, often characterized as “copyright trolling,” share a familiar pattern. Copyright holders acquire a subpoena to get the personal details of an alleged pirate and then contact the person with a settlement request. This was also the case when Darren Brinkley was sued in a Utah...

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