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Illegal Crypto Miner Caught After Stealing More Than $400K of Electricity
9.6.2020
Russian police arrested a 30-year-old crypto miner who they accuse of stealing over $494,000 in electricity from the state power network
Illegal Miners in Russia Stole $6.6M-Worth of Electricity, Power Grid Firm Says
8.6.2020
Electricity thieves built their own illicit power stations to connect hidden mining farms with the local energy grid, a state-owned provider says
Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership
22.5.2020
A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid the coronavirus-led economic crisis....
Russia Proposes 2M Rub Fine and 7 Years in Jail for Illegal Crypto Use
22.5.2020
Illegal cryptocurrency use in Russia could attract fines of up to 2 million rubles and hard labor or seven years of jail time
Russia Considering Draconian Rules for Illegal Crypto Operations
21.5.2020
Harsh new rules for using and issuing digital assets without a license might soon become law in Russia
New Russian Law ‘Could Hit Illegal Crypto Traders with 7-yr Jail Terms’
21.5.2020
The State Duma, the Russian parliament, is reportedly set to vote on new legislation that would propose to make illegal crypto trading a criminal offense that would be punishable with jail time.
Per RBC, Telegram users in Russia say that they have seen draft amendments to two Russian laws that...
People Spend More Crypto on Food and Clothing Than on Illegal Drugs
20.4.2020
People aren’t using crypto the way you think they are
Illegal ‘Crypto Exchange’ Operator Arrested in Nth Room Investigation
7.4.2020
South Korean police investigating the Telegram Nth room sex exploitation and rape video case have arrested a man on suspicion of handling criminal funds – and believe he took cryptocurrencies from chief suspect Cho Joo-bin in exchange for cash.
Per YTN, the man has only been identified by...
Russian Police Take Down an Illegal Bitcoin Mining Farm
28.3.2020
Russian police seized almost 1,500 mining rigs from an illegal bitcoin mining farm, spread across several locations
Chinese Censorship, Falling Prices, Illegal Mining & More: Bad Crypto News of the Week
21.3.2020
Check out this week’s Bad Crypto News
Crypto Bulls Roadshow Coming to Over 15 Indian Cities — With Government Participation
7.3.2020
India’s Crypto Bulls Roadshow, a nonprofit initiative to prepare India for the next bull run, is coming up, and government organizations are joining the drive. Currently, 15 cities in India are planned for but more may be added based on demand. There is no fee to participate in the roadshow...
How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Potential
7.3.2020
Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation. Exchanges can reconnect to banking institutions and offer the support they formerly did to their...
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
Illegal Crypto-Bookmakers Pose Risk to Integrity of Hong Kong Horse Racing
21.2.2020
Horse racing’s integrity is under threat in the Asian region, due to the rise of unregistered illegal bookmaking platforms
Crypto Accused of Facilitating Illegal Gambling — What Are the Odds?
20.2.2020
Crypto has continued to attract a lot of negative attention for its increasing popularity within the global illegal gambling market
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...
6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail
22.1.2020
Former bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud...
China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year
13.1.2020
On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion...
‘The Internet Was Illegal’ and Other Early Stories With Zooko Wilcox
12.1.2020
In this wide ranging conversation, CoinDesk Reporter Leigh Cuen and early cypherpunk Zooko Wilcox discuss what crypto can learn from technology successes and failures in the 80's and 90s', and how in the future your perAI will be a lot like lawyers today
How Dropgangs and Dead Drops Are Transforming Darknet Practices
10.1.2020
Since the creation of the Silk Road, authorities have waged a war against the online drug trade with a wave of surveillance and enforcement. However, crypto-anarchists are developing new ways to evade the state’s tentacles as the next technological phase started to emerge in late 2017....