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Tag Archives: cryptocurrency

Saudi Man Admits Paying for “Sadistic” Child Pornography with Cryptocurrency

In a court in the Eastern District of Virginia, a Saudi national admitted downloading child abuse content from a darkweb platform that provided illegal content to paying members. The announcement, published on the Department of Justice Office of Public Affairs’ website, highlighted the fact that the defendant had “paid cryptocurrency” to access this darkweb platform in search of illegal pictures ... Read More »

Spanish Minister Takes Control of Cryptocurrency Transactions

Even though technocrats have always insisted that it is quite difficult to monitor and control the cryptocurrency market, Cristóbal Montoro, who is the head of the Tax Agency in Spain, has now ordered the National Fraud Investigation Office (ONIF) to work on the matter. According to a report published by the Crypto Economy, the government official believes that he could ... Read More »

Cryptocurrency news roundup, April 27, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Various cryptocurrency exchanges suspended ERC-20 token deposits over critical bug This week, multiple cryptocurrency exchanges, including OKEx, HitBTC, Poloniex, and Shapeshift, suspended ERC-20 token deposits and withdrawals over a critical smart contract bug that allowed malicious actors to create a seemingly unlimited number of tokens in affected contracts. Using ... Read More »

Interpol Holds First Darknet and Cryptocurrency Working Group

INTERPOL launched its introductory working group on DarkNet and Cryptocurrencies at the INTERPOL Global Complex for Innovation in Singapore on April 3. They established that the surge of Altcoins, which projects itself as a substitute for Bitcoin, is very likely to be an imminent menace to law enforcement. In 2015, they held a Darknet training course as part of their ... Read More »

Cryptocurrency news roundup, April 15, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Islamic scholar claims Bitcoin is Sharia law compliant Mufti Muhammad Abu Bakar, a Sharia advisor and compliance officer at Blossom Finance, recently argued Bitcoin and other cryptocurrencies can be Sharia law compliant in certain cases. According to Bakar, Bitcoin can be Halal (permitted) if it is used as a ... Read More »

Cryptocurrency news roundup, April 8, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Mt Gox CEO claims he doesn’t want to profit from the exchange’s bankruptcy Mark Karpeles, the CEO of now-defunct cryptocurrency exchange Mt Gox, recently revealed through a Reddit AMA that he doesn’t want to profit from the exchange’s bankruptcy. Karpeles was set to receive roughly 160,000 BTC, worth over ... Read More »

Cryptocurrency news roundup, 1.4.18

This week’s summary of various cryptocurrency news and developments. New developments: Monero rejects ASIC miners through emergency software update Privacy-centric cryptocurrency Monero (XMR) recently went through an emergency software upgrade called Lithium Luna that saw its proof-of-work (PoW) hashing algorithm become resistant to ASIC machines. Among other things, the upgrade, according to the cryptocurrency’s core developer Riccardo Spagni, “slightly changes ... Read More »

Cryptocurrency news roundup, March 2, 2018

This week’s summary of various cryptocurrency news and developments. New developments: G20 calls for cryptocurrency regulation suggestions by July, puts off crackdown During this year’s G20 summit in Buenos Aires, Argentina, the world’s economic leaders revealed that they prefer to refer to cryptocurrencies as “crypto-assets,” and implied a crackdown on cryptocurrencies is out of the picture, although cryptos could have ... Read More »

Cryptocurrency news roundup, March 18, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Binance is offering $250,000 for information that leads to hackers’ arrest As covered by DeepDotWeb last week, cryptocurrency exchange Binance – which often sees trading volumes above $2 billion – had to thwart a large scale theft attempt that saw hackers manipulate the market to then try and cash ... Read More »

Cryptocurrency news roundup, March 10, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Cryptocurrency exchange Binance fended off a ‘massive’ theft attempt One of the largest cryptocurrency exchanges, Binance, was recently hit with a large scale theft attempt, that it managed to fend off. According to a report published by the company, hackers have been phishing its users since early January, and ... Read More »

Cryptocurrency news roundup, March 4, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Bitcoin SegWit transactions are hitting all-time highs Segregated Witness (SegWit) was introduced to the Bitcoin network in August last year, through BIP (Bitcoin Improvement Proposal) 141 as a way to improve the network’s efficiency, so as to bring down high transaction fees and slow confirmation times. The technology allows ... Read More »

Cryptocurrency news roundup, March 3, 2018

This week’s summary of various cryptocurrency news and developments. New developments: ING Group reveals Bitcoin exchange Bitfinex has an account with it Dutch financial services company ING recently revealed that popular cryptocurrency exchange Bitfinex has a bank account with it. Ever since the exchange saw Wells Fargo sever ties with it last April, it wasn’t clear where it was banking, ... Read More »

High-profile Government Websites Hacked for Dark web Cryptocurrency.

Over four thousand high profile government websites have been compromised by dark web hackers on Sunday across the globe, mining virtual currency secretly, and particularly Monero. Monero has become one of the popular cryptocurrency recently especially on the ‘dark web’– a section of the internet that can only be accessed using a special browser which is capable of anonymizing your ... Read More »

Cryptocurrency news roundup, February 11, 2018

This week’s summary of various cryptocurrency news and developments New developments: Cryptocurrency exchange Coinbase reveals 4 banks are blocking credit card purchases According to popular cryptocurrency exchange and wallet platform Coinbase, four US banks are currently preventing cryptocurrency purchases with credit cards. Per a tweet the company sent out, users from Capital One, Bank of America, Citi and JP Morgan ... Read More »

CryptoCurrency News Roundup 4.2.18

This week’s summary of various cryptocurrency news and developments New developments Facebook banned all cryptocurrency, ICO related ads Social media giant Facebook announced this week it will ban all cryptocurrency.-related ads to “prevent scams.” According to Mark Zuckerberg’s company, “ads should be safe” and as such deceptive ads, reportedly such as those for ICOs and binary options, don’t belong on ... Read More »