July 29, 2019

‘Chems_USA’ Pleads Guilty to Bitcoin-Enabled Dark Web Opioid Conspiracy

July 29, 2019 boss

A Florida man has pled guilty to participating in a multi-million dollar Bitcoin-enabled drug dealing conspiracy and money laundering. According to a July 25 press release from the U.S. Attorney’s Office of the Southern District of New York, the defendant, Richard Castro, pled guilty to money laundering and to conspiracy to distribute three controlled opioid substances over both the dark web and via encrypted emails. Castro — who operated under multiple monikers, such as “Chems_usa,”“Chemical_usa” and “Jagger109” — sold narcotics for Bitcoin (BTC) and has agreed to forfeit $4,156,198.18, including…

Crypto Platform Offers ‘Secure Messaging’

July 29, 2019 boss

A new “feature-rich ecosystem” has been created for privacy-conscious individuals who want to keep their communications confidential and their data secure. The team of networking technology enthusiasts behind Utopia say it wants to create an antidote to a world of total surveillance — delivering a platform that offers freedom, anonymity and no censorship. Utopia has been in development for six years, all with the motivation of building an environment in which “Big Brother” isn’t watching the public’s every move. The team says its decentralized peer-to-peer network enables users to communicate…

EU Exchange Bitstamp Partners with UK Firm to Offer Pound Sterling Onramp

July 29, 2019 boss

Major European crypto exchange Bitstamp has partnered with digital asset brokerage BCB Group to enable direct transfers in British pounds sterling (GBP). A press release shared with Cointelegraph on July 29 revealed that following the new partnership, by the end of this year United Kingdom-based investors will be able to make GBP withdrawals and deposits directly to and from their Bitstamp accounts. In a statement, BCB Group founder and CEO Oliver von Landsberg-Sadie said that the partnership aligns with the company’s broader aim of providing robust and frictionless services infrastructure…

Ripple Devotees are Taking Out ‘Balls Deep’ Loans to Buy XRP – CCN Markets

July 29, 2019 boss

XRP die-hards are turning blue in trying to buy the cryptocurrency | Source: Shutterstock Die-hard Ripple fanatics are going “balls deep” in debt to buy XRP, the cryptocurrency associated with Ripple. One Twitter user known as XRP PHOENIX said he’d taken a loan for “way more than [he] can afford to pay back” to fund his crypto purchases. Just went BALLZ deep in $XRP Took out a loan for *way* more than I can afford to pay back I am NOT bragging or flexing here. My aim by staying this…

Ripple Devotees are Taking Out ‘Balls Deep’ Loans to Buy XRP

July 29, 2019 boss

Die-hard Ripple fanatics are going “balls deep” in debt to buy XRP, the cryptocurrency associated with Ripple. One Twitter user known as XRP PHOENIX said he’d taken a loan for “way more than [he] can afford to pay back” to fund his crypto purchases. Just went BALLZ deep in $XRP Took out a loan for *way* more than I can afford to pay back I am NOT bragging or flexing here. My aim by staying this here is to document my BALLZ DEEP journey with you all as an educational…

Ripple Devotees are Taking Out ‘Balls Deep’ Loans to Buy XRP

July 29, 2019 boss

Swiss Crypto Finance App Gains Nationally Recognized AML License

July 29, 2019 boss

Cryptocurrency-focused personal finance app Aximetria has gained a financial standards license recognized by Swiss regulators. In a press release provided to Cointelegraph July 29, Aximetria, which is based in the country, said the Swiss Financial Services Standards Association (VQF) license would allow it to function as a crypto intermediary and streamline its onboarding process. The VQF license is approved by Switzerland’s overarching finance regulator, the Financial Market Supervisory Authority (FINMA). An award means the holder carries out activities in compliance with the organization’s anti-money laundering (AML) and Know-your-Customer (KYC) rules. …

Head of a Crypto Escrow Company Is Indicted for $7 Million Fraud

July 29, 2019 boss

Federal authorities in the state of New York have unsealed fraud charges against Jon Barry Thompson, the principal of a purported cryptocurrency escrow company Volantis Escrow Platform, in the amount of over $7 million as stated in a press release released on July 25th by the U.S. Attorney’s Office. The complaint holds Thompson with commodities fraud and wire fraud charges as he is accused of taking over $3 million from one company and $4 million from another after making false statements about the risk involved in Bitcoin transactions through his…

Austrian State Printing House Has Made a Cryptocurrency Cold Wallet

July 29, 2019 boss

Youniqx Identity AG, a subsidiary of the Austrian State Printing House, has developed a cryptocurrency hardware wallet, reveals a press release published on July 29. Per the report, the hardware wallet — named Chainlock — enables the offline storage of private keys allowing access to cryptocurrency wallets. The device is reportedly capable of generating the private key, and is also water and heat resistant. The wallet in question will be available via the firm’s partners, including Tokenize Exchange in Singapore and Coinfinity in Central Europe. The release further claims…

Bitcoin Price Dusts Off Sunday’s Flash Crash to Recover Near $9,500

July 29, 2019 boss

Overnight, the bitcoin price flash crashed to $9,100 across major crypto exchanges in the likes of Bitstamp and Coinbase, dropping by nearly seven percent against the U.S. dollar. The bitcoin price flash crashed to $9,100, recovered beyond $9,500 within minutes (source: coinmarketcap.com) The bitcoin price flash crashed to $9,100, recovered beyond $9,500 within minutes (source: coinmarketcap.com) Within minutes, however, the bitcoin price surged from $9,100 to over $9,500, rebounding beyond $9,700 at the day’s peak. Flash crash and quick recovery, what’s next for the bitcoin price? Throughout the past week,…