Monday, 18 June 2018

See how Police Track Down Dark Web Market Vendor Through Bitcoin Transactions on

  • Dark web drug dealer Gal Vallerius was caught after failing to set up his tip jar on the Dream Market where he went by "OxyMonster."
  • Police managed to track him through his bitcoin transactions and arrested him while he was on his way to the World Beard and Mustache Championship.

French national Gal Vallerius, 36, has recently pleaded guilty to various charges related to drug sales on the dark web in the US after authorities managed to track him down through his bitcoin transactions. He was a well-known vendor on Dream Market, where he went by OxyMonster.

LA Bitcoin Trader Faces 30 Months in Jail for Trading Bitcoin on LocalBitcoins com?

Friday, 15 June 2018

Crypto Markets Rebound After News the US SEC Will not Consider Ethereum a Security

June 14th: all but two of the top 100 cryptocurrencies by market capitalization are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

Wednesday, 6 June 2018

South Korea’s Supreme Court: Bitcoin is an Asset

South Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back to last year.

In September 2017, the Suwon District Court charged 33-year-old Ahn with the sale and distribution of child pornography. Operating a website since 2013, Ahn was arrested in May of 2017 for disseminating some 235,000 obscene files. Even though the court handed Ahn a guilty verdict and 18 months in prison for his actions, it did not confiscate the 216 bitcoins Ahn accumulated in exchange for the porn.

Wednesday, 30 May 2018

Bank Shutout Forces Major Polish Crypto Exchange to Move to Malta

Bitbay, the largest cryptocurrency exchange in Poland, has decided to suspend its activities in the country as banks will no longer cooperate with the company, the exchange announced May 29. The exchange will instead be conducted by a new supplier in the jurisdiction of the Republic of Malta, where local laws are more crypto-friendly.

Monday, 28 May 2018

Poland’s Cryptocurrency Tax Law Crashes as Investors Resist Draconian Regulation

While most stake “hodlers” in the cryptocurrency ecosystem agree that there is a need for amenable regulation of the cryptosphere, Polish digital currency investors have refused to abide by the PPC law, due to its draconian nature. Now the Polish authorities have agreed to temporarily suspend the “Civil Law Transactions Tax,” which aims to tax all crypto-related transactions regardless of profits made.