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Tag Archives: bitcoin

Bitcoin News Roundup 12.11.17

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoin Gold will launch on November 12, following replay protection implementation The team behind the controversial Bitcoin Gold project recently announced that it will release a software client for the cryptocurrency on November 12, after being able to implement various new features to the cryptocurrency, in an attempt to ... Read More »

New DEA Report Covers Bitcoin Money Laundering and Darknet Drug Trade

The United States Drug Enforcement Administration (DEA) and the United States Department of Justice recently jointly released their National Drug Threat Assessment for this year. In the new report, the DEA mentions the use of bitcoin and other cryptocurrencies for money laundering, as well as drug trafficking through darknet markets. The DEA’s Strategic Intelligence Section creates a new drug threat ... Read More »

Bitcoin Money Laundering Lands Six in Court

Six men are facing charges in the Netherlands after being accused of laundering hundreds of thousands of euros with the aid of the online cryptocurrency, Bitcoin. They allegedly laundered the money by reselling bitcoins paid for by illicit drug sales. The men appeared in a Dutch court on Wednesday and are now facing a potential jail term ranging from 6 ... Read More »

Bitcoin News Roundup 5.11.17

This week’s summary of various cryptocurrency news and developments. New developments: CME Group, the world’s largest derivatives exchange, aims to launch Bitcoin futures This week, the CME Group, the world’s largest derivatives exchange, announced that it plans on launching Bitcoin futures during the fourth quarter of 2017. According to an announcement on the group’s website, the futures will be cash-settled ... Read More »

US Attorney General Says Use of Bitcoin on the Darknet is a Big Problem

During a recent Department of Justice oversight hearing before the United States Senate Committee on the Judiciary, Attorney General Jeff Sessions testified about the concerns federal law enforcement have about the use of cryptocurrency on the darknet. The Attorney General’s remarks on the darknet were in response to a question from Democratic Senator Dianne Feinstein of California. Senator Feinstein’s question ... Read More »

Bitcoin News Roundup 29.10.17

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoin Gold’s website hit with a DDoS attack after it separated from the Bitcoin blockchain This week, another hard fork created Bitcoin Gold (BTG) a new cryptocurrency that aims to solve Bitcoin’s mining problems by creating an ASIC-resilient mining ecosystem, where the gap between GPU/CPU and ASIC mining is ... Read More »

Justice does not know what to do with bitcoins

Bitcoin News Roundup 22.10.17

This week’s summary of various cryptocurrency news and developments: New developments: Wikileaks founder thanked the U.S. government for the 50,000% ROI it had on Bitcoin Wikileaks founder Julian Assange recently published a tweet thanking the U.S. government for, starting in 2010, erecting an illegal banking blockade against the non-profit whistleblower organization that led companies such as PayPal and American Express ... Read More »

Bitcoin news roundup, October 15 2017

This week’s summary of various cryptocurrency news and developments: New developments: Various companies are announcing their position on the SegWit2x hard fork Last week, DeepDotWeb covered Bitcoin.org’s plans to denounce SegWit2x supporting companies, who could be putting users at risk. Bitcoin.org’s list has been published, and it includes several well-known companies such as Blockchain.info, Xapo, Jaxx, Coinbase, and Circle. Now, ... Read More »

Bitcoin news roundup, October 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoin.org states it’ll denounce SegWit2x supporting companies This week, Bitcoin.org published a blog post in which it states that it will publicly denounce via a banner on their website companies that support the SegWit2x hard fork, and that are going to default to the Segwit2x (S2X) chain, putting users ... Read More »

Bitcoin news roundup, October 1, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Peer-to-peer exchange LocalBitcoins to compensate users for their Bitcoin Cash funds On August 1, all Bitcoin holders received an equivalent amount in Bitcoin Cash (BCH), following the network’s hard fork. Popular peer-to-peer exchange LocalBitcoins never really gave users who had their Bitcoin on the platform access to their Bitcoin ... Read More »

Trust issues of open and closed source light wallets for Bitcoin

Currently there are around 250,000 confirmed bitcoin transactions per day, but only 9,200 full bitcoin nodes (nodes are interconnected servers that store Bitcoin’s blockchain), which could mean that Bitcoin users are averaging 27 transactions per day. This could also mean that there are a lot of users connecting to the network via an external node i.e. a node that runs ... Read More »

Bitcoin News Roundup 24.9.17

This week’s summary of various cryptocurrency news and developments: New developments: JP Morgan’s Jamie Dimon strikes Bitcoin again, says it’s “worth nothing” Last week, as reported by DeepDotWeb, JP Morgan’s chief executive Jamie Dimon called Bitcoin a “fraud” and stated that he would fire any employee trading the cryptocurrency, as according to him it was both “stupid” and against the ... Read More »

DHS Says Darknet Criminals Are Switching From Bitcoin to Monero

The United States federal government continues to view the privacy-centric cryptocurrency Monero (XMR) as a potential tool for cybercriminals. An agent with the United States Department of Homeland Security (DHS) told CNBC recently that cybercriminals are “looking more closely at other currencies like Monero and Ethereum.” Earlier this year an FBI agent with the bureau’s Cyber Division told reporters at ... Read More »

Bitcoin news roundup, September 17, 2017

This week’s summary of various cryptocurrency news and developments: New developments: BTC-e’s new exchange platform is up and running: it’s called WEX BTC-e, one of the oldest Bitcoin exchanges, had been taken down following the arrest of a Russian national in Greece. At the time, the man was believed to be an admin at the exchange, but soon a Bitcointalk ... Read More »

Bitcoin news roundup, September 10, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Cryptocurrency complaints surged this year, just like its userbase A recent report published by student loan market LendEDU revealed that cryptocurrency-related customer complaints, the majority of which against Coinbase, filed with the U.S. Consumer Financial Protection Bureau (CFPB) surged this year. According to the report, a total of seven ... Read More »