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 …

Mnuchin Warns Bitcoin Users of ‘Very, Very Strong’ Regulations

US Treasury Secretary Steven Mnuchin again turned his attention to bitcoin this week, warning that the Trump administration would pursue “very, very strong” enforcement of existing financial regulations to stop bad actors from using the cryptocurrency to bankroll criminal activities. Treasury secretary: crypto could become a financial system risk Mnuchin elaborated on the White House’s …

US Might Have Already Lost Crypto Innovation Race

As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra …

3 Reasons Why Bitcoin Price Could Nosedive Below $7,500 News

Bitcoin has suffered a significant setback after dropping in rates by approximately two thousand dollars in the last 48 hours. The bitcoin-to-dollar exchange rate on Wednesday established a fresh lower low of $9,071, down 3.8 percent from the market open. The move downhill erased almost a quarter of bitcoin’s value in the last seven days, …

Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company …

Treasury Secretary Seals Bitcoin’s Impending Death by a Thousand Cuts

Following Donald Trump’s sudden and mysterious tweets regarding bitcoin last week, Treasury Secretary Steven Mnuchin held an unexpected press conference on Monday. He used coded language telegraphing the end of bitcoin and cryptocurrency. The Feds Want to Stop Crimes and Stabilize Markets Steven Mnuchin was not lying when he said that the federal government wants …

Economist Speculates Absurd but Feasible Trump Bitcoin Ban

Could Trump ban Bitcoin? Global markets analyst Alex Krüger has plotted out a scenario where the president-elect might just follow through with such an idea. Krüger’s speculation comes after Twitter rampaged last week thanks to Trump’s Bitcoin-bashing tweet. Breaking: Donald Trump Bashes Crypto, Says He’s No Fan of Bitcoin https://t.co/YOgWV9sXNK — CCN Markets (@CCNMarkets) July …