El Salvador Bitcoin ‘Scalpers’ Force App Turnaround as Chivo Criticism Continues

The government of El Salvador has come under scrutiny again for its Chivo bitcoin (BTC) app and wallet – after its operators temporarily froze price viewing on Chivo to stave off “scalpers.” In a series of tweets on Monday, the official Chivo Twitter account explained: “We had to temporarily disable the option to see bitcoin prices frozen for one minute.

Dogecoin co-founder believes 1.14.4's success depends on this

The estranged co-founder of DOGE is seeking support from the network's node operators, asking them to upgrade their nodes in order for the blockchain to work more efficiently. In a recent Twitter tThe post Dogecoin co-founder believes 1.14.4's success depends on this appeared first on AMBCrypto.

FBI Works With Europol to Arrest Ransomware Gang, $1.3 Million in Cryptocurrencies Seized

A coordinated strike involving Europol, Interpol, and the US Federal Bureau of Investigation (FBI) has led to the arrest of two “prolific” ransomware operators allegedly responsible for ransom demands of up to 70 million euros.

Vulnerable: Kraken reveals many US Bitcoin ATMs still use default admin QR codes

Kraken has urged BATMTwo ATM owners and operators to change the admin QR code for their ATMs to avoid potential attacks.

Thailand’s Tourism Authority Intends to Launch its Own Utility Token: Report

The potential TAT coin might enhance Thailand's tourism industry and help local operators gain greater liquidity, according to the Tourism Authority of Thailand.

Thailand’s tourism authority is considering creating its own utility token

The proposed TAT Coin will enable tourism operators to cash in on the popularity of cryptocurrencies. The Tourism Authority of Thailand (TAT) is considering creating its own utility token to capitalize on the growing popularity of cryptocurrencies.Named after the agency's acronym, the plan to launch TAT coin will have to navigate through Thailand's complex legal framework and regulations before coming to life.

Binance and Huobi Block Users From Creating New Accounts in China As Crypto Ban Looms: Report

Digital asset exchange operators Binance and Huobi are reportedly blocking new user registration in response to China’s latest measures against the crypto space.  Bloomberg reports that Binance and Huobi are still accepting new sign-ups from Hong Kong, but are no longer allowing new registration for traders with mainland China-based mobile phone numbers.

10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline

Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally.

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week.

Kyrgyzstan Shuts Down Over 500 Illegal Crypto Miners

Kyrgyzstan has moved to stem the rise of illegal crypto mining activities in the country by disrupting the activities of a network of unauthorized operators.

Data center operators have ‘no problem’ with new Russian crypto crackdown

As Russia works to “more clearly prohibit the use of cryptocurrency,” the country's largest data center operators aren’t really worried.

Majority of Korean crypto exchanges to shut down this month, insiders say

Failure to meet South Korean regulators' new requirements is expected to wipe out tens of crypto exchange operators. The deadline for South Korean crypto exchanges to meet new compliance requirements is looming fast, with all operators expected to submit requests for an official license with the Financial Services Commission (FSC) no later than Sept.

Russian Duma wants to regulate crypto mining as business

Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry.Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering recognizing the crypto mining industry as a form of entrepreneurship under local business laws, TASS news agency reported Sept.

SEC Allegedly Probes Operators Behind World’s Largest Decentralized Exchange, Uniswap: Report

According to a recent report, the US Securities and Exchange Commission (SEC) has allegedly started probing the startup that operates the decentralized exchange (dex) Uniswap.

Decentralized search engine becomes default option on European Android devices

Presearch is backed by a community of node operators who process user search requests and earn rewards through the Ethereum-based PRE token.

Bitcoin ATM Operators Form Coalition to Improve ‘Lax Compliance Policies’

Founders of a new compliance initiative argue that the cash-to-crypto industry, including Bitcoin ATMs, is a “safe haven for bad actors.”

Bitcoin ATM Operators Joins Forces to Float New Compliance Cooperative

A group of crypto industry Bitcoin ATM operators and firms have floated the Cryptocurrency Compliance Cooperative to bolster regulatory compliance.

Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products

Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks Business-to-business transaction bank Incore Bank, in collaboration with Inacta and Crypto Finance Group, has […]

Bitcoin ATM operators set up association to counter money laundering

“Many BTM operators feel that merely asking for a cell phone number is enough due diligence to absolve them of their mandated KYC requirements,” a Coinsource exec said. Major Bitcoin (BTC) ATM operators in the United States are joining forces to fight illicit activity related to Bitcoin ATMs.Bitcoin ATM operators DigitalMint and Coinsource have launched the Cryptocurrency Compliance Cooperative (CCC), a new association that aims to establish compliance standards for the Bitcoin ATM industry.The new compliance effort has launched with support from major blockchain analytics firms like Chainalysis and Elliptic among its 15 initial members.

Thailand: SEC proposes new amendments for digital asset business operators

Thailand is gradually becoming one of Asia’s strongest crypto-strongholds.

Thai SEC proposes new rules for digital asset custodians

The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns.On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of investors' cryptocurrency holdings held by digital asset business operators.

UK Police Seize USB Stick With Ethereum Worth $9.5 Million

British detectives have seized $22.25 million from operators of an international cryptocurrency scam.

Status plans to incentivize node operators for decentralized messaging protocol

According to the project, one of the pushes for its development was Ethereum co-founder Vitalik Buterin recently encouraging developers to consider non-financial applications for DeFi. Ethereum-based project Status has started an incentivization program for node operators around its decentralized peer-to-peer messaging protocol, Waku.In an announcement today, Status said it would be rolling out the first phase of a program to encourage people to set up and run nodes used by Waku, a private messenger based on the Whisper protocol.

7-Eleven Branch Workers Thwart Crypto Fraudsters

Convenience store operators and workers who thwarted two separate crypto scams have been handed special awards by Japanese police. According to Ryuku Shimpo, officers in Naha, Okinawa Prefecture, presented special letters of appreciation to a 54-year-old man named Katsuya Fujiwara and his 51-year-old wife Kiyomi, the co-owners of a 7-Eleven branch in the town. Officers

EU-backed Fund Teases ‘Digital Asset’ Investment Drive in a Surprise Move

A fund that is backed by EU bodies such as the European Investment Bank (EIB) and the European Commission is set to back a project “specializing in blockchain technologies” that will “invest in traditional equity as well as software tokens and other digital assets.” In a press release from the fund, the European Investment Fund (EIF), its operators claimed they

Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market

The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate.

Bitcoin of America Earns 2021 Great Place to Work Certification

PRESS RELEASE. Bitcoin of America is one of the fastest growing BTM operators worldwide.

China Releases e-CNY Whitepaper, Says Cryptos Have No Value & Pose Risks

The central People’s Bank of China (PBoC) released a digital yuan, e-CNY, whitepaper, in order to "explain the background, objectives, and visions" and to "seek public comments." "E-CNY is the digital version of fiat currency issued by PBoC and operated by authorized operators.

Kazakhstan Introduces Additional Taxes for Crypto Miners

A new law will impose an additional tax fee for the energy used by cryptocurrency mining operators in Kazakhstan.

Hydropower Stations Up for Sale Amid China’s Crackdown on Crypto Mining

Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners.

Bitcoin of America Makes It Big: The Team Behind One of the Largest Bitcoin ATM Operators Worldwide

PRESS RELEASE. Bitcoin of America, a popular virtual currency exchange, is known for their 1200+ ATMs across 31 US states.

$3.6B in Bitcoin vanishes in 'hack' along with owners of South African crypto platform

Billions worth of Bitcoin has reportedly vanished along with the operators of South African crypto firm AfriCrypt.

Chinese Bitcoin Miners Look Abroad Amid Government Crackdown

Several Bitcoin mining operators have reportedly halted activities in China following the increased pressure on the cryptocurrency industry. 

Huobi & BTC.Top Reportedly Suspends Business Operation in China

Cryptocurrency mining operators, including Huobi and BTC.TOP, are reportedly halting their business in mainland China, sources said.

Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes

According to the head of the Nigerian group of bureau de change operators, the naira’s continued fall on the parallel market is down to the activities of speculators.

Inner Mongolia sets up hotline to report suspected crypto miners

Authorities in Inner Mongolia are cracking down further on crypto mining operations that may be jeopardizing the region's bid to reduce carbon emissions. A new announcement from the  Inner Mongolia Autonomous Region Development and Reform Commission, or DRC, has informed the public that they now have a direct way to report on any outlying cryptocurrency operations in the region.As previously reported, Inner Mongolia was once home to a vast network of crypto mining operators, who collectively accounted for 7.71% of the global Bitcoin (BTC) hash rate between Sept.

Blockchain Analytics Firm Tracks Down BTC Wallet of Hackers Who Caused US Gas Shortages

Blockchain analytics firm Elliptic says it has identified the Bitcoin wallet that hackers used to receive ransom payment from Colonial Pipeline, one of the largest fuel pipeline operators in the US.  The Eastern European criminal group DarkSide is linked to the ransomware attack that compromised the computer system of Colonial Pipeline, causing several days of […] The post Blockchain Analytics Firm Tracks Down BTC Wallet of Hackers Who Caused US Gas Shortages appeared first on The Daily Hodl.

Nifty Gateway Co-Founder: NFT Profiteering is ‘Self-Defeating’

Although the NFT craze is slowly fading away, it’s left room for growth, say operators of top NFT marketplaces.

New ASEAN blockchain consortium targets cross-border cooperation

The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness. Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports. Initiated by Blockchain Association Singapore, or BAS, the MoU aims to engage with regulators to ensure legal compliance alongside raising industry awareness and education through a new blockchain consortium called the ASEAN Blockchain Consortium, or ABC. The ABC includes BAS, Blockchain Australia, Distributed Ledger Technology Association of the Philippines, Malaysia’s Labuan International Business and Financial Center, Thailand Digital Asset Operators Trade Association, and Asosiasi Blockchain Indonesia. The MoU event was attended by several state representatives including Edi Prio Pambudi, senior advisor to the coordinating minister for economic affairs of Indonesia, and Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore.

China’s digital yuan could be a fatal blow for Macau casino junkets

Macau’s casino junket operators have already been on the rocks during the coronavirus pandemic, and some fear that they could be “faded out” following the introduction of a fully traceable digital yuan. Beijing’s bid to better control money laundering and illicit transactions through a fully traceable central bank digital currency could pose a threat to the country’s popular gambling hub Macau.  A hotspot for tourists — of which 70% come from mainland China — the region’s gambling business could reportedly be adversely impacted by China’s use of a digital yuan to clamp down on illegal money flows and keep its capital account better sealed.  Revenues from Macau’s casino junkets — the longtime beneficiaries of Macau’s position as the only administrative region in China where gambling is legal — had already been squeezed during the coronavirus pandemic.

Indian crypto exchange execs intensify lobbying efforts to prevent ban

Cryptocurrency exchange operators in India are attempting to dissuade the government from banning digital currencies. Nischal Shetty, CEO of Indian crypto exchange WazirX, and other stakeholders in the industry are reportedly working toward convincing the government to adopt more nuanced cryptocurrency regulations. According to a report by The Economic Times, the country’s Blockchain and Crypto Council has drafted a presentation note highlighting recommendations for cryptocurrency regulations in India.

This FATF guidance could “wreak havoc” on Uniswap operators

International body Financial Action Task Fork (FATF) has issued new guidance for decentralized applications (DApps).

Miners Returning to S Korea, Where Crypto Is ‘Essential’ for 20-30s

South Korean Crypto Fever 2.0 is showing no signs of slowing, with miners returning to the fray – and conventional investment experts claiming that crypto has become “essential” for portfolio holders in their 20s-30s. As previously reported, the operators of PC gaming rooms (PC bang in Korean) across the country have turned to crypto mining as an alternative

China’s Inner Mongolia Might Push Bitcoin Miners Towards Greener Energy

Source: Adobe/Андрей Трубицын The Chinese Inner Mongolia Autonomous Region (IMAR) – a hub of crypto mining activity, particularly Bitcoin (BTC) mining – could be set to enact a shutdown of the industry, ordering all operators to close up shop as early as next month, and possibly pushing them to greener sources of energy. Per an official announcement, a new set of energy

Russian crypto mining firm scrambles to meet foreign demand

Russian crypto mining giant BitRiver is rushing to build two new data centers to meet increasing demand from global crypto miners. Global cryptocurrency mining operators are increasingly moving their equipment to Russia and the Commonwealth of Independent States as they chase lower energy prices. Igor Runets, founder and CEO of Russian crypto mining firm BitRiver, told local news agency Kommersant Thursday that the company is actively building up its power capacity to meet increasing demand from American and European investors. According to the executive, BitRiver has run out of spare capacity at its data centers, having fully reserved all of its power for the next 18 months.

DDoS Attacks Slow as Botnet Operators Turn to Crypto Mining – Kaspersky

Source: Adobe/profit_image Cybercrooks are slowly turning their backs on crime because they are finding it is more profitable to mine crypto, according to research from Kaspersky Labs. Per Kommersant, the Russian software giant said that distributed denial-of-service (DDoS) attacks in the final quarter of the 2020 financial year were actually up on the previous quarter’s figures by 10%, but

Russian Mobile Operators Eye Payments Services, Wallets for Digital Ruble

Some telcos are looking at developing a digital wallet that would link the digital currency to users' mobile phone numbers.

Crypto Exchange Bithumb: Beware Bogus Brokers Posing as Our Staff

South Korea’s market-leading crypto exchange Bithumb said it will crack down on unscrupulous bogus brokers who pretend to be members of its staff and approach blockchain operators to discuss listing options for their tokens – before scamming them by demanding “listing fees.” Per Fn News, a growing number of fake brokers pose as employees of the exchange and

Major payments firm SIA to launch DLT-based secondary credit marketplace

Italian financial services firm SIA plans to launch an Ethereum-based platform for secondary credit trading in the second half of 2021. SIA, an Italian company specialized in e-payment services, is working on a blockchain-based system to enable secondary credit trading. The upcoming platform will allow banks, funds, and financial operators to negotiate secondary credit transactions via blockchain, SIA announced on Jan.

S Korean Industry Body: Mandatory Crypto Disclosure Would Boost Credibility

A South Korean industry group has launched a push to introduce a mandatory crypto disclosure system that would force blockchain and crypto operators to make key details about their projects and platforms public. Per iNews24 and Gukje News, the proposal is the brainchild of the Korea Blockchain Enterprise Promotion Association (KBEPA), a body that represents a number of

Bitcoin-accepting casinos now a win-win for customers, operators

After roughly two years of dipping and uncertainty, Bitcoin is back to $18k, marking a resurgence in both trading and speculation that many have already seen once.

Congresspeople speak out against Tlaib's anti-stablecoin bill

But the bill is unlikely to become law any time soon. On Wednesday night, Congresswoman Rashida Tlaib introduced a bill before the US House of Representatives looking to make fiat-pegged stablecoin operators abide by the same rules and registration requirements expected of banks. The legislation, under the name “the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act,” sets out a fresh and extremely expansive definition of stablecoin.

‘If the water's too clean there'll be no fish’: China’s CBDC may hurt Macau’s casinos

Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan. China’s central bank digital currency is expected to further exacerbate Macau’s declining gambling revenues. According to a Dec.

Ringleaders of PlusToken Scam Jailed for Up to 11 Years

Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.

Justice Department extradites alleged BTC mining Ponzi operator from Panama

AirBit Club's leadership has been gathered in New York City and will face charges for stealing "membership dues" to finance massive marketing events and lavish personal lifestyles. Per a Monday announcement, the United States Department of Justice and the Southern District of New York have extradited from Panama a leader of alleged Ponzi scheme AirBit Club.  Gutemberg Dos Santos is one of six operators of AirBit Club indicted, and the last to come into the US to face trial before the SDNY.

Dapper Labs’ Flow blockchain takes major step towards mainnet

The hotly anticipated layer-1 chain looks to be getting its ducks in a row. In a move that may signal that a mainnet launch is just around the corner, Flow — the blockchain from Cryptokitties and NBA Topshot developers Dapper Labs — has launched the Flow Port: a tool for token holders to manage, stake, and delegate their Flow cryptoassets.  The announcement focused heavily on how users can stake their FLOW tokens through custody providers such as Kraken and Coinlist, as well as delegate their tokens to currently-existing node operators.

Small Cardano Stake Pool Operators Raise Concerns Parameter Increase

Fully decentralizing Cardano is the network’s primary objective.

Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks

The man was part of a criminal group that compromised crypto accounts with assistance from contacts at mobile operators.

FATF Signals More Pressure on Crypto Industry As It Moves 'Too Slow'

International regulators have hinted that they may seek to block global stablecoins if their operators attempt to launch tokens in jurisdictions beyond their remit.

FATF Preparing Regulation for P2P Crypto Trading Platforms

The Financial Action Task Force (FATF), the G7-founded intergovernmental organization that fights money laundering, has fired a warning shot at peer-to-peer (P2P) crypto exchange operators – stating that it is “now looking closely at P2P transactions that involve a Virtual Asset Service Provider (VASP).” Thus far, P2P exchanges have stayed largely under the

Simple in practice: Crypto education is key to curbing phishing scams

Even though wallet operators have a large role to play in protecting funds, customers also need to educate themselves to avoid phishing scams.

US Firm Lawyers up to Claim Millions in Royalties from Bitcoin ATM Operators

A compilation of Bitcoin ATM pictures, posted by Reddit users. A company called First Bitcoin Capital, freshly acquired by the software company BOTS, said it is looking to start collecting royalties from bitcoin (BTC) ATM operators and manufacturers, and potential copyright infringement offenders – and said it has already hired lawyers as part of its effort. BOTS announced on November 9 that

Binance pauses Ethereum withdrawals as network suffers ‘minor hard-fork’

Geth developers to blame? The Ethereum network has suffered what looks like a hard fork on Wednesday as reports emerged of outages and irregularities on infrastructure providers Infura and Blockchair. While initially it was believed to be an internal issue in Infura, a hosting service used by some exchanges and service providers to interact with the Ethereum network, independent node operators reported issues as well. During the incident, Binance has paused withdrawals and its CEO Chanpheng Zhao referred to a “possible chain split” as the culprit. Blockchair, a popular block explorer, reported of a discrepancy between the blocks it saw and those published by Etherscan.

New patent-holder wants $18M a month from US Bitcoin ATM operators

Upstart blockchain firm Bots Inc claims it can demand between $14 million and $18 million in monthly revenues after acquiring a patent to Bitcoin ATM technology last month. Puerto Rico-based blockchain and robotics firm Bots Inc has announced it is exploring its options with “a major law firm” to launch litigation against firms operating Bitcoin ATMs across the United States. Two weeks ago, the company acquired a patent for protocols underpinning the operation of Bitcoin ATMs which it believes makes it eligible for millions in monthly royalties. As the owner of intellectual property for technology it claims is fundamental to the operation of Bitcoin ATM networks, Bots’ chief executive Paul Rosenberg is eying “per-transaction” royalties from Bitcoin ATM manufacturers: “Per-transaction royalty payments will be negotiated for a several-year term.

Lightning Operators Are Bracing for a Bitcoin Bull Run

Lightning routing node operators are preparing for the horde of new users that will come in bitcoin's next bull run.

3 CBDC Projects, Bitcoin Lightning Hits Pool, Verizon Taps Blockchain + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDCs news The digital yuan has already surpassed the 4 million transaction mark, said its operators – despite the fact that the token remains in pilot testing mode.

Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume

Survey data show centralized exchanges are not worried about DeFi trading volumes, so why are they building their own DEXs? A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space.  In its September exchange review, CryptoCompare asked 26 of the leading venues in the space how likely it was for DEX liquidity to overtake that of centralized exchanges in a 2-year time span.

Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration

Centralized cryptocurrency exchanges (CEX) operators say they are unfazed by the increasing trading volumes on decentralized exchanges (DEX) because the latter’s liquidity is still too insignificant to cause user mass migration.

Lightning network vulnerability discovered, upgrade immediately

The lightning vulnerability was made public on Oct 9. Lightning network node operators running LND versions prior to the Oct.

Lightning Vulnerability Discovered; Ind Node Operators Urged to Upgrade ASAP

An undisclosed vulnerability in LND versions 0.10.x and below was revealed Thursday with developers urging node operators to update to the newest version.

US CFTC Charges BitMEX For Operating Illegal Crypto Derivatives Exchange

The United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.

Chinese Internet-based, Blockchain-powered Hospital Set to Open in 2021

Chinese health chiefs has put its plans to launch an internet hospital on ice for a few months – to allow operators the time to add a wide range of blockchain technology-powered innovation. Per Cn-Healthcare, the First Affiliated Hospital of Dalian Medical University, a leading hospital in Dalian, Northeast China, said it is adding blockchain functionality to an

Prospective Node Operators Stake $125M in ETH to Participate in NuCypher Encryption Network

Encryption startup NuCypher has finished distributing its network’s native token, NU, to over 2,000 prospective node operators.

StrongBlock launches DeFi protocol but token prices slump 70%

A new DeFi protocol has been launched rewarding node operators to improve public blockchain performance, but token prices have tanked Just-launched DeFi protocol StrongBlock has announced the integration of Chainlink oracles — however its native token’s price tumbled 70% today.  The platform, founded by former members of the original EOS core team, was launched on Sept.

Gambling operators in China use crypto to transfer funds to foreign casinos

According to Liao Jinrong, a senior official at the Ministry of Public Security China, illegal gambling operators use cryptocurrencies to facilitate the transfer of at least 1 trillion yuan ($145.5 bi The post Gambling operators in China use crypto to transfer funds to foreign casinos appeared first on AMBCrypto.

Chinese govt. official: Gambling gangs use crypto to transfer funds abroad

China faces economic risk as illegal gambling operators move 1 trillion yuan in funds from the country, partially in crypto, says a government official. Illegal gambling and casinos result in the outflow of over a trillion yuan annually (around $146.5 billion) from China, said Liao Jinrong, the director general of the International Cooperation Department under the Chinese Ministry of Public Security.  He said that the operators of the overseas gambling platforms and casinos collect the funds from gamblers using digital currencies, making the investigation into these activities more challenging for the authorities. Speaking at an event in Beijing, Liao said that the illegal outflow of such a huge amount can erode the economic security of China.

Bitcoin ransomware operators release stolen data of US residents

Attackers behind the LockBit Bitcoin ransomware have released some of the data stolen from a US based firm called Skyline, which organizes trade shows and exhibitions, according to the “Information The post Bitcoin ransomware operators release stolen data of US residents appeared first on AMBCrypto.

Indian police begin probe into alleged $270K cryptocurrency exchange scam

Another cryptocurrency scam in India has reportedly duped investors of hundreds of thousands of dollars. The operator of Delhi-based cryptocurrency platform Pluto Exchange is accused of duping 43 investors of more than $272,000. A local news outlet Millennium Post reported that the Economic Offence Wing of the Delhi Police has launched a probe against the operators of the Pluto Exchange after 43 investors filed a complaint with the EOW. Bharat Verma, the founder of Pluto Exchange, and others involved in the investment scheme allegedly lured investors by saying they were running crypto trading and cryptocurrency mining operations under the company “F2poolminin.” Joginder Kumar, one of the 43 investors, claimed that he first met the operators of the exchange in Delhi’s Connaught Place, where they told him about the cryptocurrency scheme that would offer a return of 20–30% each month. According to a statement published by the Delhi Police, the suspects also promised Kumar an added commission if he brought more people to invest in the scheme. After not receiving any returns on his investment of over $6,500, Kumar said he met Bharat Verma who explained that the seizure of many of the company’s bank accounts and the plummeting price of Bitcoin (BTC) had forced them to not pay out the returns to the investors. At present, Pluto Exchange has shifted its offices from India to Dubai, and according to Kumar, the director of the company has collected more than $6.8 million for the cryptocurrency business. Pluto Exchange did not immediately respond to Cointelegraph's request for comment.  As Cointelegraph previously reported, there has been a rise in the number of cryptocurrency scams targeting Indian investors.

New on Bitcoin’s Lightning Network: LND Adds Accounting Feature, c-lightning Gets an Upgrade

Lightning Labs made bookkeeping easier for node operators.

Hydra’s ‘Complex Drug Delivery System’ in Russia Overshadows Western Darknet Markets

On September 14, the blockchain analysis firm Chainalysis reported on the infamous Russian darknet marketplace (DNM) known as Hydra and noted the DNM is Eastern Europe’s “sixth-largest service by volume in the region.” Moreover, the report also reveals that Hydra has created a “complex drug delivery system” inside Russia and throughout various countries in Europe […] The post Hydra’s ‘Complex Drug Delivery System’ in Russia Overshadows Western Darknet Markets appeared first on Bitcoin News.