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Tag Archives: bitcoin

International Law Enforcement Gathered to Share Concerns About Bitcoin and Money Laundering

Between January 16 and January 18 of 2017, more than 400 cybercrime, cybersecurity, and money laundering investigators met in Doha, Qatar to discuss digital currency. Specifically, the organizations gathered to analyze the role digital currencies like Bitcoin played on money laundering, economic stability, and terrorist funding. The Working Group on Virtual Currencies—a jointly operated initiative from Europol, Interpol, and the ... Read More »

Bitcoin news roundup, February 5, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Fidelity Charitable revealed it received $7 million in bitcoin donations last year Fidelity Charitable, an independent American charity, recently announced bitcoiners donated the equivalent of over $7 million in 2016. The organization gave people the option to donate in bitcoin back in November 2015, hoping the move would provide ... Read More »

Bitcoin news roundup January 29, 2017

This week’s summary of various cryptocurrency news and developments: New developments: China’s largest exchanges enforced trading fees Due to the People’s Bank of China’s involvement in the bitcoin trading market, China’s biggest bitcoin exchanges (Huobi, BTCC, and OKCoin) are now charging trading fees of 0.2 percent for every transaction. The official reason behind the move is to “curb market manipulation ... Read More »

No ban for Bitcoin in Russia

Although the relationship between Russia and Bitcoin has always been uneasy, the cryptocurrency was never officially banned in the country. A new statement by the Bank of Russia now reveals that Bitcoin will, in fact, remain legal in Russia and that no further action to prohibit its use. Although the currency is still not seen as legal tender in Russia, ... Read More »

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Bitcoin Price Analysis Jan 24th

The Price of Bitcoin is Recovering This week, Bitcoin continued its recovery from the $758 low of January 12, 2017 to a high of $940 on January 22. Since two consecutive sharp sell offs from $1139 all time high at the beginning of 2017, the digital currency’s price is gradually reclaiming its lost levels. While part of this resurgence is ... Read More »

Can Bitcoin Be Used As a Hedge Against Uncertainty Towards the World’s Fiat Economy?

A group of researchers from the University of Pretoria, South Africa, examined bitcoin as a method to hedge uncertainty towards the global fiat economy. They used historical data that represented the period between March 17th, 2011 and October 7th, 2016. Global uncertainty was quantified using the first principal component of the VIXs which represents 14 developing and developed equity markets. ... Read More »

Bitcoin news roundup, January 22, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Coinbase CEO claims battle with the IRS could cost the startup $1 million Last week, DeepDotWeb reported a new court filing showed Coinbase was ready to fight the IRS in order to stop it from getting to its user records. Coinbase has already claimed this was an “extraordinarily broad ... Read More »

Platforms with Bitcoin and Co. are to register their users in a central database, according to the EU Council.

Bitcoin Vs Sovereign Money As Tools For Monetary Reform

No one can deny the fact that the global economy is experiencing a crisis that necessitates a brilliant reform plan. It is in arguable that an effective remedy should be aimed at alleviation of the diagnosed problems. Despite the apparent independance of most of the world’s central banks, “politization” of money is one of the main catalysts of the current ... Read More »

Dutch Public Prosecutor Fights Against Bitcoin Money Laundering

According to a survey conducted by the media outlet fd.nl, the Dutch Public Prosecutor (OM) is waging a war against criminal traders and exchanges of bitcoin. The Dutch OM is looking forward to at least three BTC money laundering criminal cases in 2017. Bitcoin trading has always been legal. The cryptocurrency had seen a 28 percent increase from 2015 to ... Read More »

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Bitcoin Price Analysis January 16, 2016

Beijing Now Controls the Price of Bitcoin Bitcoin kicked off the new year at lofty levels of $1139, inches away from gold parity – depending on which exchange you looked at. The digital currency surprised critics last year, scooping pole position for best performing currency and commodity class of 2016. Bitcoin investors took home 125% returns at close of December ... Read More »

Bitcoin news roundup January 15, 2017

This week’s summary of various cryptocurrency news and developments: New developments: New court filing shows Coinbase is ready to fight the IRS The IRS’ attempt to obtain Coinbase’s user records was contested by Jeffrey Berns Esq. The IRS and DOJ wanted to stop Mr. Berns from interfering in the summons, arguing he had no legal basis as reported by Deep ... Read More »

Atomic Verification Via Private Key Locked Bitcoin Transactions

The smart contract technology permits the creation of new protocols that can be implemented on top of bitcoin’s protocol itself. This signals the development of complex scripts, that are far beyond the requirement of a single digital signature. A research paper, which has been published a few days ago, introduced a new concept of private key locked bitcoin transactions, which ... Read More »

Irish Firms Hit With $22 Million in Cyber Frauds, None Involving Bitcoin

Major public corporations and government agencies in Ireland were hit by US$23 million cyber frauds in the past year. Over 20 cyber attacks are being investigated by the Garda National Economic Crime Bureau (GNECB), but interestingly, there are no reported cases of bitcoin involvement. Over the past two years, various law enforcement agencies and governments including Interpol and the government ... Read More »