US investigators seize more than $1bn in Bitcoin from account linked to Silk Road online black marketplace, the largest Bitcoin seizure in history
News Bitcoin
PayPal Opens Up To Cryptocurrencies
Popular online payments system PayPal announces entry into cryptocurrency market, in a move that may draw regulator scrutiny
Facebook Libra Hires Former HSBC Executive
Libra cryptocurrency project still progressing after it confirms it has hired former HSBC executive as chief financial officer
US Officials Call For Federal Oversight Of Social Media Firms
Twitter’s self regulation not working says US report, citing its embarrassing hack in the summer that compromised high profile accounts
EU Plans To Bring In Crypto-Asset Rules By 2024
Proposed EU rules to be published this month aim to bring crypto-assets into line with existing regulatory framework, but risk stifling innovation
Teenager Pleads Not Guilty To Organising Twitter Hack
Not me, gov’nor. Florida-based teenager pleads not guilty to masterminding major hack of Twitter’s internal systems for bitcoin scam
Apple’s Steve Wozniak Sues Google’s YouTube
Apple co-founder Steve Wozniak sues YouTube for allowing scammers to use images and videos of him in a cryptocurrency scam
Hackers Compromise Twitter Accounts Of Major Public Figures
Bitcoin scam sees Twitter accounts of Elon Musk, Jeff Bezos, Bill Gates, as well as Barack Obama, Joe Biden and Kanye West hacked
Judge Spares Jail Time For Parents Of TalkTalk Hacker
Suspended jail sentences for ‘misguided’ parents of TalkTalk hacker Elliott Gunton
Police Auction £240,000 Of TalkTalk Hacker’s Cryptocurrency
Police sell off cryptocurrency seized from TalkTalk hacker Elliott Gunton, in a case that is the first of its kind for a UK police force
Texas Confirms No Payment Over Ransomware Attack
Just say no. None of municipalities crippled by ransomware attack have paid the hackers, Texas confirms
Court Orders Jailed Hacker’s Seized Bitcoin To Be Sold To Pay Victims
Nearly £1m in Bitcoin taken from imprisoned hacker Grant West is to be sold to compensate victims, in a first-of-its-kind case for the Met
China Sovereign Digital Currency ‘Essentially Ready’
China is looking to issue a sovereign crypto-coin that could be used as an alternative to cash
FCA Expresses Concern At Lack Of Cryptocurrencies Safeguards
Financial Conduct Authority warns bitcoins and other cryptocurrencies have no intrinsic value
Financial Conduct Authority Proposes Ban On Crypto-Derivatives
FCA finds that derivatives and ETNs referencing crypto-assets are ‘poor products’ and too risky to be sold to retail investors
Bitcoin Jumps Over $11,000 After Facebook Libra Launch
Facebook’s Libra plans help Bitcoin jump 10 percent to reach 15-month highs, as investors hope to see cryptocurrencies move into the mainstream
Online Banking Start-Up Accuses Facebook Of ‘Ripping Off’ Logo
The emblem for Facebook’s new virtual currency subsidiary, Calibra, bears a striking similarity to one in use since 2016
Facebook Launches Libra Cryptocurrency For Global Payments
Digital asset aims to put financial transactions into the hands of millions without bank accounts, but with access to a mobile phone
Facebook Set To Launch ‘GlobalCoin’ Virtual Currency Next Year
But the social network faces tight regulatory scrutiny over its poor track record on protecting users’ personal data
LVMH Debuts Blockchain-Based Product Tracking
The Aura system is designed on a consortium model, allowing any luxury firm to use it to provide tracking services to users
Microsoft Previews Blockchain-Based Decentralised ID System
The ION network would use Bitcoin’s blockchain for identity assurance, while creating a secondary network to vastly speed up processing chores
Bitcoin Rises Above $7,000 Following Binance Heist
The volatile cryptocurrency has regained some of its losses after shedding some three-quarters of its value last year
Hackers Steal $41m In Bitcoins From Binance Exchange
Major crypto-currency exchange is hacked, but wners pledge to cover the millions stolen in the cyber heist
Rakuten Takes Applications Ahead Of Cryptocurrency Exchange Launch
Rakuten Wallet is one of several major crypto-asset platforms arriving in Japan in the coming weeks, even as authorities battle against soaring losses due to theft and scams
China Looks To Phase Out Bitcoin Mining
The biggest crypto-mining companies are based there, but China may now list the activity amongst the ‘undesireable’ economic sectors destined for elimination
After Months In Doldrums, Bitcoin Surges Over $5,000
After a 74 percent drop in 2018, Bitcoin has showed relatively little activity this year – but its sudden rise causes other crypto-assets to jump
Cryptocurrency Crime Losses Surge By 400 Percent
Scams and fraud involving cryptocurrencies rose to £1.3bn last year – in spite of an 80 percent drop in crypto-asset values
China Tightens Grip On Blockchain-Based Services
Users of blockchain-based information services will have to register their real names and identity numbers in latest crackdown – even as Hong Kong moves to attract virtual asset traders
JavaScript Code Compromises Bitcoin Wallets
Popular JavaScript library injected with malicious code to steal coins from cryptocurrency wallet
Cryptocurrency Plunge Takes Heat Off UK Regulators
Regulators and government finance officials in the UK are backing away from immediate regulatory action on cryptoassets, as investor interest cools