80 Bitcoin Ransom Demanded in Alleged Down Under Kidnapping of Chinese Student – CCN Markets

A Chinese student studying in Australia is allegedly being held at ransom with the kidnappers demanding Bitcoin worth over a million Australian dollars before they can release him. According to the Southern Metropolis Daily, the father of the 20-year old student was contacted by the kidnappers on August 24th. The kidnappers demanded 80 Bitcoin within …

California Man Admits Masterminding $25 Million Bitcoin Launder Fest

By CCN Markets: One of the reasons governments have been against the adoption of bitcoin is because of its potential to be misused for illegal activities such as money laundering, and the latest report from Los Angeles, California, will give the detractors more fodder. A Los Angeles man has agreed to plead guilty to running …

Feds Rightfully Indict New Jersey Man for Running Illegal Bitcoin Exchange

One of the many problems with bitcoin is that regulatory policy is still developing, and it is individuals like William Green that will always require cryptocurrency never stray far from the very governments they seek independence from. Unregistered Bitcoin Exchanges Are Illegal William Green, a New Jersey resident, was indicted by a federal grand jury …

Fired Microsoft Geek Allegedly Stole $10 Million With a Bitcoin Mixer

Ex Microsoft employee Volodymyr Kvashuk was arrested this week amid allegations of digital currency theft to the tune of $10 million. U.S. attorneys for the Western District of Washington suspect the Ukrainian-born resident used a Bitcoin mixer to cover up his tracks. Kvashuk, who was in charge of the companies online sales platform, was entrusted …

Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme

Authorities at the Pasco County jail in Florida recently caught inmates in an elaborate money laundering scheme involving Bitcoin and the dark web. Florida Inmates Find The Best Money Laundering Counterparty: The Government The scheme reportedly involved buying stolen credit card information on the dark web with Bitcoin. Then, using the stolen cards to fund …

Indian Call Center Scam Milks $1.7 Million in Bitcoin From US Citizens

By CCN Markets: A gang in India’s Madhya Pradesh state which scammed U.S. citizens hundreds of thousands of dollars through Bitcoin and other methods has been busted and its members arrested. The gang which ran its operations out of a call center is estimated to have made around $1.7 million. According to the Business Standard, …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Dutch Crypto Conman Scams Dozens in $2.2 Million Bitcoin Mining Fraud

By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.24 million). Berry was apprehended in Apeldoorn, a city in the …

‘Bitcoin Jesus’ Preaches Libertarian Gospel of Crypto & Crack Cocaine

By CCN: Roger Ver took to YouTube to read another letter from Ross Ulbricht, creator of the first darknet market using Bitcoin. The libertarian idealist used the opportunity to rail against the war on drugs. Roger Ver Reads Letter from Silk Road Founder Ross Ulbricht Roger Ver – once nicknamed “Bitcoin Jesus” for his rabid …

Ex-Minnesota Vikings Owner Ensnared in Massive Bitcoin Scandal

By CCN: One of bitcoin’s biggest scandals just keeps growing more bizarre, as reports now indicate that former Minnesota Vikings co-owner Reginald “Reggie” Fowler finds himself ensnared by the scheme. The U.S. Justice Department charged Fowler – who also helped bootstrap the now-defunct Alliance of American Football – over his role in concocting a shadow …