Criminal Activity

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Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace

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A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School … Read more

Valve CEO Gabe Newell Praises NFT Technology, Criticizes Bad Actors

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Gabe Newell, founder and CEO of Valve, a popular company in the PC gaming market, has revealed his take on crypto and NFTs when applied to games. In an interview with gaming media, Newell validated the NFT technology that makes it possible to create these digital representations. However, he also stated that the actors in … Read more

Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’

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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best interests of Nigerians.” Crypto Not Money Immediately following the announcement of the … Read more

Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

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The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett … Read more

Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet

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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 continue to insist only government agencies have access … Read more

Indian Police Arrest ‘Cashcoin’ Gang Accused of Scamming Millions From Investors

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Police in Mumbai have busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money.  Also Read: Indian Blockchain Summit Draws Policy Makers to Speed up Crypto Regulation  … Read more

Wendy McElroy: Does Your Money Serve the State or You?

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The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 4 Does Your Money Serve the State or You? The State, in short, subjects people, whereas Society associates them voluntarily. – Felix Morley Two simple litmus tests determine whether money serves the state (organized force) or whether it serves … Read more

Europol: Hardcore Criminals Are Shifting From Bitcoin to Monero, Zcash and Dash

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A multitude of representatives of law enforcement agencies from around the world have talked about the use of bitcoin by criminal elements, sometimes revealing ignorance about cryptocurrencies in the process. Now it appears that Europol at least is trying to go deeper, learning about various altcoins and how they can be used too. Also Read: … Read more