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BREAKING: Crypto Exchange UpBit Confirms Theft of 342,000 Ether — $50M
27.11.2019
South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines
7.11.2019
Authorities arrested five suspected in the theft of almost 100 bitcoin machines
SIM-Swap Victim Sues Crypto Exchange Bittrex for $1M Bitcoin Theft
4.11.2019
A user has sued cryptocurrency exchange Bittrex for allegedly allowing hackers to steal nearly $1 million in Bitcoin through its negligence
Lawyer Asks Whether KYC Is Worth Exposing Users to Hacking and ID Theft
2.11.2019
Lawyer Jake Chervinsky asks the public if identity verification is worth exposing the public to data leaks
McAfee to Launch Decentralized Token Exchange With No Restrictions
6.10.2019
On the heels of launching his crypto platform, McAfee Magic, the former antivirus software tycoon John McAfee plans to launch a distributed exchange on Monday, October 7. ‘McAfeedex’ will run on the Ethereum blockchain and McAfee insists the exchange will have no restrictions. Also...
Fusion Network Loses Millions in Private Wallet Hack
30.9.2019
A private wallet operated by the Fusion Foundation was drained of its funds, accounting for roughly 25 percent of the total FSN token supply
IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
30.9.2019
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing...
U.S. Federal Court Denies Release of Alleged Canadian Bitcoin Conman
29.9.2019
In recent times, quite often we have come across headlines mentioning scammers who have used fraudulent Twitter accounts that impersonate major crypto firms to launder Bitcoins and other crypto assets. On August 22, yet again, two Canadians of Indian origin have been charged in the United States...
Taxation Isn’t Just Theft – It’s Bad for Crypto Adoption
18.9.2019
Crypto awareness is reaching levels almost unimaginable just years ago, with telecommunications giants, big banks, mainstream media, and even professional sports teams now discussing and flouting digital assets. AT&T now allows customers to pay their phone bills in bitcoin, Japanese SMS giant...
US Sanctions Three Alleged Crypto Hacking Groups from North Korea
16.9.2019
The U.S. Treasury mentioned cryptocurrency thefts as one of the reasons for the action against the Lazarus Group, Bluenoroff and Andariel
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
26.8.2019
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....
Electricity Theft for Bitcoin Mining Imposes Loss of $25 Million in Malaysia
16.8.2019
Bitcoin Mining is a power-intensive activity, and it consumes a lot of electricity. A report by Cambridge last month showed that Bitcoin consumes more electricity than the entire country of Switzerland. While the cost involved is huge, it can be devastating to electricity manufacturers...
Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC
9.8.2019
Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite...
The ‘Vault’ Is Back: Bitcoin Coder Revives Plan to Shield Wallets from Theft
7.8.2019
Bitcoin Core developer Bryan Bishop has proposed a feature to delay transfers from cold storage so users can stop thieves from draining their wallets
From Spartacus to Satoshi: A Brief History of Economic Rebellion
7.8.2019
Government dominance of human beings via slavery and violent economic oppression is as old as government itself. For thousands and thousands of years kings and rulers, usually held to be “appointed by God,” have used free, non-violent individuals as their tax farm livestock to exploit...
The Modern Era of Free Range Slaves: How Bitcoin Breaks the Mold
3.8.2019
In a string of recent Tweets, 2020 Libertarian presidential candidate and fugitive from the law John McAfee has been talking about slavery. Urging people to “wake up” and assuring them that neither compliance with the status quo, nor stacks of riches, can set them free. Indeed, when...
Reddit Roasts the IRS: Have America’s Tax Collectors ‘Gone Crypto Fishing’?
30.7.2019
In a juicy little chunk of news from the Redditsphere, a user claiming to be a former IRS employee has called the agency’s new crypto compliance letters “broad and very error-prone fishing expeditions.” The throwaway account details the “really bad data” used by...
Hackers Stole $32 Million Worth of Crypto from BITPoint
14.7.2019
In yet another incident of massive crypto theft, BITPoint has reportedly been robbed of around $32 million worth of cryptocurrency. The investigators who are investigating this fraud have found that hackers got access to the BITPoint system for around 12 hours and in that period, this whole...
Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown
8.7.2019
Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian...
‘Don’t Worry We Can Just Print More Money’ – Swedish Central Bank Ponders -1.5% Interest Rate
6.7.2019
At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that...