SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency
A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds, criminals prefer to launder proceeds through mules, front companies, or cash businesses as well as investing it into crime, it said....
6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China
Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to gather a large number of crypto assets during the scheme’s short tenure....
Targeted by IRS? What Cryptocurrency Owners Should Know
The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How to Deal With IRS Letters The IRS has ramped up its efforts to ensure that cryptocurrency owners pay all crypto-related taxes. It has begun...
Streams For Us & Other IPTV Suppliers Shut Down Following ACE Threats
As the popularity of pirate IPTV suppliers, sellers, and resellers continues to grow, entertainment industry companies – which were initially quite slow to combat the threat – are now piling on the pressure. The momentum arrives via the Alliance for Creativity and Entertainment (ACE), the huge anti-piracy coalition featuring the combined power of Hollywood, Netflix, Amazon, plus a broad array of global entertainment...
Cloudflare Must Expose Operators of Popular Pirate Streaming Sites
The online piracy ecosystem is constantly evolving. Ten years ago the entertainment industries were mostly concerned with torrent sites. Today, online streaming sites and services are the main challenges. To tackle this threat, some of the largest companies in the world bundled their powers. In 2017 they formed the Alliance for Creativity and Entertainment (ACE), which lists prominent members including major Hollywood studios,...
