PYMNTS

MAY 1, 2019

Reports came from Bloomberg this week that bitcoin, the marquee name of cryptocurrencies, was trading at a several hundred dollar premium on one exchange: Bitfinex. To recap, the AG accused Tether (of the Tether stablecoin) and the Bitfinex operator of possibly defrauding crypto investors.

Bitcoin 139

Bitcoin Fraud New York cryptocurrency 139

PYMNTS

MAY 20, 2020

And now the fraudsters, increasingly, seem to be eyeing bitcoin, the marquee name in cryptocurrency, as coin of the realm across the dark web. It should be noted that the value of the activity rose, due in part for the price per bitcoin advancing through the period (thus the total number of transactions decreased).

Bitcoin 139

Bitcoin cryptocurrency Fraud blockchain 139

PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. There are reportedly more than 1,000 organizations forecasted to tap into the solution. On another note, The U.S.

blockchain 140

blockchain Bitcoin Fraud social media 140

PYMNTS

JANUARY 19, 2018

In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing commodity trading.

Operations 120

Operations Regulation US Bitcoin 120

PYMNTS

FEBRUARY 21, 2018

A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

AUGUST 19, 2019

Through that ransomware they have been hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. Corporate Wire Fraud.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

AUGUST 27, 2020

Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. The blockchain is secure and the use of RESTful application programming interface (API) can help manage things easily. Executives said on Thursday (Aug.

Bitcoin 153

Bitcoin blockchain cryptocurrency Cards 153

PYMNTS

SEPTEMBER 27, 2020

The regulator said Binance had been put on a list due to distributing data related to the acquisition of digital coins like Bitcoin. And, KuCoin has encountered a security breach in which hackers stole over $150 million from the crypto exchange, according to CoinDesk. 24 of the news. 26 at around 3 a.m.

Bitcoin 210

Bitcoin Data cryptocurrency Regulation 210

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud.

Fraud 178

Fraud US Mobile Las Vegas 178

PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

Security 202

Security Bitcoin Capital Analytics 202

PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

Bitcoin 177

Bitcoin cryptocurrency blockchain Regulation 177

PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

blockchain 145

blockchain Security Bitcoin United States 145

PYMNTS

MARCH 17, 2019

Daily trading volume for bitcoin topped $11 billion on Friday (March 15) — its highest point in almost one year. Although bitcoin’s price is at nearly half of what it was in November 2018, CoinDesk noted that the boost in trading volume could be a sign investors are still interested in the most popular crypto.

Bitcoin 162

Bitcoin cryptocurrency Video Google 162

PYMNTS

MARCH 23, 2018

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. Bitcoin was trading at $8,505.18 The new service will include blockchain tools for developers of a wide range of apps that serve a variety of needs, from supply chain data tracking to insurance fraud prevention. as of 4:24 a.m., according to CoinDesk.

Bitcoin 116

Bitcoin cryptocurrency blockchain Report 116

PYMNTS

JUNE 17, 2020

The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

AUGUST 10, 2020

The scams are coming by way of fake Bitcoin wallets that trick victims into fraudulent trade agreements before disappearing completely. Crypto exchanges usually operate through multiple security keys so that no one entity has total control. The vectors assumed that key holders would be trustworthy and secure.

Bitcoin 190

Bitcoin cryptocurrency blockchain Security 190

PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. federal securities laws.

Operations 115

Operations social media Bitcoin Security 115

PYMNTS

AUGUST 3, 2016

Bitcoin appeals to many different people, including the nefarious ones that like the anonymity associated with digital currency. LexisNexis reportedly said it is partnering with Elliptic to create the new service that brings bank-grade control to transactions made in bitcoin. It will alert clients, including bitcoin exchanges and U.S.

Bitcoin 100

Bitcoin Fraud National Report 100

PYMNTS

DECEMBER 2, 2019

It’s no secret that privacy and security are the prisms through which authorities have looked, and are looking, at Libra and other digital coins. In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. billion in fraud and theft seen last year.

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

FEBRUARY 14, 2017

A lawsuit launched from an inquiry into a bitcoin exchange and a breach of data at JPMorgan was expected to kick off on Monday (Feb. In January, Anthony Murgio , one of the alleged operators of Coin.mx, pled guilty on charges of conspiring to use the scheme to hack companies, including JPMorgan Chase. According to prosecutors, Coin.mx

Operations 100

Operations Bitcoin Fraud Data 100

PYMNTS

DECEMBER 8, 2017

A cryptocurrency mining market in Slovenia, which lost millions in bitcoin in a Wednesday (Dec. The firm reported it had stopped its mining operations for approximately 24 hours as of Thursday (Dec. 7), halting its work as it tried to piece together just how it was hacked and how much bitcoin went missing.

Bitcoin 105

Bitcoin cryptocurrency Video National 105

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Bitcoin is like a [crypto] 101 version.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

APRIL 26, 2019

Hackers are still using classified exploits built by the National Security Agency two years after they were stolen, this time to mine for cryptocurrency. According to reports , security research firm Symantec saw an increase in a new malware called Beapy that attacks corporate networks to get the computers to mine for digital tokens.

Bitcoin 115

Bitcoin cryptocurrency blockchain Security 115

PYMNTS

SEPTEMBER 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. Bitcoin , however, is far behind, taking 17th place. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.”

Security 186

Security cryptocurrency blockchain Bitcoin 186

PYMNTS

AUGUST 26, 2019

The US Federal Trade Commission announced that the promoters of recruitment-based cryptocurrency schemes have been permanently banned from operating or participating in any multi-level marketing program. In other news, the bitcoin network saw a boost in the value of transaction output, which brought it to its highest level in two years.

Bitcoin 139

Bitcoin cryptocurrency Operations Regulation 139

PYMNTS

JUNE 2, 2020

In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 Ultimately, Wotoken stole an estimated $1 billion in crypto from more than 715,000 victims, with one operator having ties to the $118 million PlusToken Ponzi scheme earlier this year . bitcoin ATMs sent to exchanges last year went overseas.

Report 131

Report Bitcoin ATM cryptocurrency 131

PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., The price of bitcoin reached $607.31

Bitcoin 100

Bitcoin cryptocurrency Cards Community 100

PYMNTS

APRIL 26, 2019

Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space. At a recent price of $5,092 as reported Friday (April 26), bitcoin is down from levels earlier in the week that topped $5,580.

Fraud 134

Fraud Bitcoin cryptocurrency United States 134

PYMNTS

MAY 2, 2018

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. As a result, the district paid the $10,000 in bitcoin. As of last May, more than $80,000 in bitcoin payments have been made so users could access their files again.

Bitcoin 104

Bitcoin Data Massachusetts System 104

PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

cryptocurrency 193

cryptocurrency Fraud Security Bitcoin 193

PYMNTS

AUGUST 28, 2019

We are excited to bring our secure and scalable technology to Azure customers as we continue working with Microsoft Azure Marketplace to develop cloud-enabled blockchain solutions.”. ’ SEN is an important step toward changing this,” Joshua Rawlins, managing director of financial operations at Gemini, wrote in a blog post.

Policies 116

Policies National cryptocurrency Bitcoin 116

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

PYMNTS

FEBRUARY 26, 2019

It was designed to settle transactions with clients of its wholesale payments operation, mainly for international and securities transactions related to blockchain. Currently, the digital token is being tested inside the bank with corporate clients, unlike bitcoin , which is open source and can be accessed by anyone. “JPM

cryptocurrency 175

cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

FEBRUARY 14, 2019

CNBC said the move comes as at least some banking operations across the industry are transformed in part by blockchain , which might change the way everything from debt to cross-border payments gets done, and where speed is of the essence. CEO Jamie Dimon has also famously dismissed bitcoin as a fraud.

cryptocurrency 140

cryptocurrency blockchain Bitcoin United States 140

PYMNTS

SEPTEMBER 11, 2019

Fraud Trends. According to an earlier analysis of this particular fraud trend, Ronnie Tokazowski , senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. Fraud Crackdown. billion in 2018.

Fraud 163

Fraud social media Cards Bitcoin 163

PYMNTS

MARCH 15, 2020

The March 10 letter outlined nine items that the agency expects cryptocurrency companies to include it the plan, such as how operational disruptions would be handled and what is being done to protect its employees. . COVID-19 has already had adverse economic effects domestically and globally.

cryptocurrency 150

cryptocurrency Bitcoin New York Regulation 150