Australian authorities have become unwitting benefactors of Bitcoin’s impressive bull run in recent years. The Australia Federal Police’s latest Annual Report highlights a bust which netted them a cool 2000% profit. In it, the Feds reveals seized bitcoin worth approximately A$ 7,300 ($ 4,995) in 2016 from a man using the cryptocurrency to purchase three weapons in contravention of the 1901 Customs Act. Continue reading Australian Police Seize Illegal Gun Runner’s Bitcoin to Cash 2000% Profit
Tag Archives: Illegal
China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally
Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Continue reading China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally
UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. Continue reading UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations
International Cooperation ‘Critical’ to Bringing Illegal ICOs to Justice
International cooperation is essential for eradicating ICO fraud, said Steven Peikin, co-director of the Securities and Exchange Commission’s enforcement division. Peikin made the remarks during a December 3 speech at Harvard Law School’s Program on International Financial Systems, where he discussed the astonishing growth of the ICO market. Continue reading International Cooperation ‘Critical’ to Bringing Illegal ICOs to Justice