Tag Archives: Bitcoin News

Google has filed a lawsuit against two individuals living in Russia over a botnet they used to infect several computer networks for the purpose of mining cryptocurrency. Google Goes After Glupteba The botnet not only stole crypto assets but the personal information of unsuspecting victims. Google has worked with several internet infrastructure companies to remove servers that the hackers were using to control the networks they infected. The botnet has been deemed null...

Craig Wright has won his bitcoin-related civil suit, casting doubt on all those who said the London-based Australian computer scientist wasn’t Satoshi Nakamoto. Craig Wright Is Victorious in Court The suit centered around an alleged stash of cryptocurrency and bitcoin units worth approximately $54 billion at the time of writing. A jury in Florida has dismissed approximately six of seven charges brought forth by the family of David Kleiman, who allegedly worked with...

The government of India has announced in a statement that despite submitting a bill to regulate crypto and recognize it as an asset class rather than ban it, it will not engage in any marketing or promotion of the cryptocurrency industry. India Is Not Looking to Market Crypto Not long ago, crypto investors in India got some good news when the country announced that its previous plans of banning all digital currencies were likely to become null and void. Rather,...

Law enforcement agents in Ho Chi Minh City in Vietnam have arrested nearly 60 people involved in what may be the biggest online crypto-based gambling ring in history. Thus far, more than $3.8 billion in crypto-based transactions have occurred at the hands of the organization. Gambling Like This in Vietnam is a Big No-No… The operation occurred in a very hush hush way, with several gamblers involved registering their crypto wallets on a foreign platform known as Remitano...

Law enforcement in the U.S. has taken back roughly $2.3 million in crypto funds that have been garnered through ransomware attacks. According to legal documents, the crypto was being held by a Russian man named Aleksandr Sikerin, who is believed to be living in St. Petersburg. Ransomware Is Getting Bad Sikerin is slated to be part of a notorious hacking group known as REvil. The organization has cost businesses throughout the world millions of dollars in crypto funds,...

Bitcoin has endured a terrible plunge. The world’s number one digital currency by market cap – which was trading in the mid-$50,000 range over the past few days – has dropped dramatically and at the time of writing, is selling for just over $49,000, constituting a slip of approximately 17 percent. Bitcoin Has Crashed Again The drop occurred over a 24-hour period, spanning from around Friday morning to early Saturday. The currency has also caused other digital assets to...

Several leading crypto exchange executives have been called in to testify before a committee on December 8. The committee will be made up of several members of the U.S. Congress, all of whom have questioned the presence of crypto in America and have previously called for stricter regulation. The Committee Wants to Know More About Crypto Among the witnesses called to testify before the committee are Alesia Haas of Coinbase fame, Jeremy Allaire from Circle, and Brian...

Crypto investors in India have received some good news in that the country has decided not to ban cryptocurrency. Rather, digital assets are now going to be recognized as an entirely new asset class and will thus be regulated as so. India Classifies Crypto as a New Asset Class This has been a back-and-forth battle that was going even just a few weeks ago after the nation’s Parliament issued a bill to be discussed during the winter session that would set forth rather...

Bitcoin has experienced another drop in price and is presently trading for around $54,900 per unit. Many analysts attribute this to a new coronavirus variant that was discovered in Africa, and nations like the United States are now beginning to restrict travel and take other measures that could potentially keep citizens and national finance situated for the time being. Bitcoin Is Suffering Thanks to a New COVID Variant Ben McMillan – founder and chief investment officer...

Bitcoin has experienced a price decline of nearly eight percent over the past week, and El Salvador was quick to take notice. The country’s president Nayib Bukele recently announced that the nation has bought the dip and added approximately 100 new units of bitcoin to its balance sheet. El Salvador Buys More BTC El Salvador has become a big bitcoin haven as of late. Recently, the nation announced plans to launch an entire city based on BTC. The area will feature malls,...