CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million for Bitcoin fraud. Employer Tipped Off Authorities According to sources including US regulator the Commodity Futures Trading Commission (CFTC) and a social media commentator citing “people close” to the matter, Joseph Kim […]

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American Express Could Use Blockchain to Protect Clients’ Identities and Combat Fraud

Nikita Blows · May 24, 2018 · 9:00 pm US-based financial corporation American Express is researching how blockchain technology can provide solutions to issues such as fraud and identity protection. More and more financial services companies are exploring how blockchain technology can make a difference, not only in their existing processes but also in providing improved […]

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Philippines Senator: Harsher Punishment for Crypto Crimes

Nikita Blows · April 24, 2018 · 1:30 am If Senator Leila de Lima has her way, crypto criminals in the Philippines will be facing tougher punishments for their crimes. Bitcoin’s fantastic price rise last year prompted interest from both seasoned and novice investors. It also garnered the attention of scam artists and fraudsters focused […]

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FBI: Watch Out for Fake Cryptocurrency Exchange ‘Support Staff’

Nikita Blows · April 1, 2018 · 9:00 am The FBI’s Internet Crime Complaint Center has noted a drastic increase in online crime, with crypto holders being targeted by dodgy helplines and tech support centers. Most companies want to keep the customers happy. Satisfied clients are more likely to be loyal and to refer the […]

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