October 22, 2022

18 Months Jail Time for Hacker Who Sold Stolen Ed Sheeran Songs for Bitcoin

The person who stole unreleased songs by Ed Sheeran and other musicians has been sent to prison for a year and a half. He sold at least two of Sheeran’s songs on the dark web in exchange for bitcoin. Jailed After Selling Unreleased Songs The investigation began in 2019 when several musical agents complained to...
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US DOJ Sues Founder of Defunct Crypto Mixer Over Failure to Pay $60M Fine

The United States Department of Justice (DOJ) has sued Larry Dean Harmon, the founder of defunct cryptocurrency mixer Helix, for failing to pay a civil penalty of $60 million since his indictment in 2020.  The lawsuit was filed in the U.S. District Court for the District of Columbia on Wednesday. According to the filing, the...
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Turkey Busts an Illegal Betting Organization, Seizes $40M in Crypto (Report)

The Turkish authorities reportedly detected an illicit betting organization that used cryptocurrencies to launder crime funds. Following the investigation, law enforcement agents arrested 46 individuals involved in the scheme and confiscated $40 million worth of digital assets. ‘This Is Just the Beginning’ According to a local coverage, the Turkish police have detained the suspects across...
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Scam Alert: FTX User Lost $1.26M Through 3Commas API

A crypto trader was taken by surprise after hackers reportedly siphoned more than a million dollars worth of digital assets from his FTX account by exploiting an API connected to the trading account.  According to reports, the FTX user discovered that his account using the 3Commas API, has traded the DMM: Governance (DMG) token more...
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El Salvador’s Bukele Still Liked Despite Bitcoin Uncertainty (Survey)

A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic...
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Will Dogecoin (DOGE) Price Continue to Consolidate the Rest of 2022?

It’s been observed that the meme king, Dogecoin has declined faster than the two largest cryptocurrency Bitcoin and Ethereum. Since its all-time high of $0.731 which was hit in May 2021, Dogecoin has lost nearly 92% from its current price. At the time writing, Dogecoin is selling at $0.0593 after a surge of 2.57% in...
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Bitcoin Hit An All-Time Low Volatility, Will Bitcoin Price Reclaim $20K Again ?

On Oct 18 the crypto market had shown a sign of rally with Bitcoin, the world’s largest cryptocurrency by market cap, had reached $19,600 area. However, just a day after the flagship currency started its downward journey which is now trading slightly above $19,000. At the time of publication, Bitcoin is selling at $19,158 with...
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Another Global Forex Giant Launches Crypto Trading Services  

On Oct. 20, Oanda announced cryptocurrency trading services for its American market designed to give investors easy access to crypto alongside their existing forex portfolios. It is the latest traditional finance company to enter the crypto space. However, the move comes in the depths of a bear market when demand is low. The technology has...
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Terra Whistleblower Calls Do Kwon ‘Sociopath’ and a ‘Charismatic Manipulator’

Terra creator Do Kwon, who is facing severe scrutiny, recently slammed “misinformation” floating in the media and downplayed serious charges by South Korean authorities as well as Interpol. The famed Terra whistleblower, FatMan, has now weighed in on the controversial figure’s statements made a few days prior on Laura Shin’s Unchained podcast. Kwon said he...
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