Ten men suspected of using Bitcoin to launder up to 20 million euros ($22 million) of criminal money made from online drug deals have been arrested in the Netherlands, Dutch prosecutors said on Wednesday. The men, described as all in their 20s and with Dutch nationality, were arrested on Tuesday in coordinated raids on 15 […]

The virtual currency legislation will make it easier for companies dealing in Bitcoin to operate Jersey’s government is to introduce “light touch” regulation for virtual currencies, according to the assistant chief minister. Senator Philip Ozouf announced the new legislation at the island’s first finance technology conference. The government has been working on the legislation for […]

A total of six people has been arrested during police raids yesterday, which took place in The Netherlands and beyond. These police raids are a result of an ongoing investigation regarding money laundering with Bitcoin, a service offered by several individual residing in the Rotterdam area. Bitcoin’s PR problem has gotten slightly worse yet again […]

Two years ago I [Daniel Masters] was gripped by the promise of bitcoin the currency and bitcoin the protocol. Blockchain, an immutable, synchronised, global, time-stamped ledger offered the prospect of many exciting use cases and bitcoin was, and still is, the most obvious one. At that time I saw three major risks on the horizon: […]

Trendon Shavers pleaded guilty to defrauding investors out of millions of dollars in what U.S. officials are calling a first-of-its-kind Ponzi scheme involving the bitcoin virtual currency. Shavers, 33, was accused of raising 764,000 bitcoins by promising returns as high as 3,641 percent through his Bitcoin Savings and Trust company. He instead allegedly used the […]

The former head of defunct bitcoin exchange Mt Gox, Mark Karpelès, has been charged with embezzlement by Japanese prosecutors, according to reports from the Japanese media. Karpelès is alleged to have embezzled ¥321m (£1.7m) from the bitcoin exchange, which collapsed in 2014 after revelations of a massive shortfall in customer funds. He is alleged to […]

The Government of Jersey has asked public to provide its opinion on whether it should regulate decentralized virtual currencies such as Bitcoin or not. In its just-released consultation paper, prepared under the watch of Jersey Financial Services Commission (the “JFSC”), the Joint Financial Crimes Unit of the States of Jersey Police (JFCU), the Law Officers’ […]

Despite the numerous controversies about digital currencies, the industry is moving forward. By the time the digital currency space matures, the competition could be huge. The winners could be currencies that are able to fix the weaknesses of bitcoin. Here are three digital currencies with strategies that fix bitcoin’s weaknesses. Freicoin Freicoin is set up […]