• Cocaine Iceland
    Bitcoin,  Europe

    EXCLUSIVE: Burglaries, cocaine, stun guns, and other charges added in ‘Big Bitcoin Heist’

    This summer’s most insane true-crime caper gets even crazier

    Prosecutors and private attorneys have filed charges against seven individuals in Iceland in the ongoing investigation of the “Big Bitcoin Heist.” Modern Consensus has exclusively obtained signed documentation from the courthouse and consulted with Icelandic legal experts. What we found is astonishing. First, a quick recap: Police in Iceland have been putting together clues to a string of burglaries in Iceland centering around cryptocurrency mining components during the December 2017 bitcoin peak. In Iceland, more electricity is used in bitcoin mining than in all Icelandic homes combined. Over $2 million in equipment was reported stolen. Later, in a move straight out of a Hollywood thriller, prime suspect Sindri Thor Steffanson…

  • newspapers
    Bitcoin,  Ethereum,  Europe,  Innovators,  Litecoin,  Media,  Ripple

    Must-reads for September 4, 2018: The Mueller Bitcoin connection, un-Lady-like behavior, wasted crypto energy, and more

    Here are the crypto stories you should be watching today

    Bitcoin Suspect Could Shed Light on Russian Mueller Targets (Bloomberg) Remember the name Alexander Vinnik? He ran BTC-e, the cryptocurrency exchange that appeared all too willing to launder money for Bond villain-type characters. He was taken down by FinCEN, with the help of the IRS, and now sits in a Greek prison. Some of the bitcoins Vinnik allegedly helped launder belonged to a Russian hacking unit now under investigation by special counsel Robert Mueller. See? It’s all connected.   The baroness, the ICO fiasco, and enter Steve Wozniak (Financial Times) Michelle Mone, aka Baroness Mone, of Mayfair in the City of Westminster, OBE, sits in the British House of Lords…

  • news
    Alt coins,  Asia & Australia,  Bitcoin,  Europe,  Latin America,  Media,  Politics

    Must-reads for August 23, 2018

    Here are the crypto stories you should be watching today

    SEC rejects bitcoin ETFs (CNBC) Crypto bros are used to getting a lot of rejections, especially on Tinder. Now it’s the Securities and Exchange Commission turn, rejecting seven bitcoin-based exchange-traded fund. Bitcoin prices remain above $6,000, perhaps because it was mostly priced in. Obviously, everyone read the Modern Consensus piece about why the SEC shouldn’t approve such ETFs in the first place. A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it’s not bitcoin or the petro (Business Insider) Spoiler alert: The cryptocurrency they’re talking about is Dash. Hey, maybe one of the upsides to a regime marked by terror, failed financial planning, corruption, persecution…

  • crypto handcuffs
    Canada,  Europe,  Regulation,  United States

    Five countries join forces to crack down on crypto tax crimes

    Tax authorities from US, UK, Australia, Canada, and Netherlands coordinating enforcement

    A group of five nations have formed an international alliance to fight cryptocurrency-related tax crimes and money laundering schemes. The Joint Chiefs of Global Tax Enforcement, or J5, includes tax agencies from Australia, Canada, the Netherlands, the United Kingdom, and the United States. Authorities from the five countries hope the collaborative effort will increase their success in combating cross-border tax crimes. “We will work together to gather information, share intelligence, conduct operations, and build the capacity of tax crime enforcement officials,” the group said on its new page on the IRS website, adding that J5 plans on piloting new approaches and conducting joint operations against offshore tax crimes. Cryptocurrency allows…