USED | Digital Money Times

The Myth of Authority: Mnuchin Denies USD Is Used Criminally

July 23, 2019 By Mark Lyford Leave a Comment

U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic imcompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized regulation and the concept of authority itself.

Also read: Deutsche Bank Collapse Could Crash Global Financial Markets Read more...

This is a preview of The Myth of Authority: Mnuchin Denies USD Is Used Criminally. Click Here To Read the full post

What Are Dollars Used for, President Trump? – The Gun Money Known as USD

July 12, 2019 By Mark Lyford Leave a Comment

Donald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in the world. As empirical evidence goes, however, it’s USD that’s really in need of moral and economic scrutiny.

Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency Read more...

This is a preview of What Are Dollars Used for, President Trump? – The Gun Money Known as USD. Click Here To Read the full post

Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme

July 4, 2019 By Mark Lyford Leave a Comment

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 […]

The post Florida Inmates Used Bitcoin to Bankroll Crazy Money Laundering Scheme appeared first on CCN Markets

CCN Markets

Permanent link to this post (76 words, estimated 18 secs reading time)

Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

April 18, 2019 By Mark Lyford Leave a Comment

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims.

The culmination of a two-year investigation, the “Report On The Investigation Into Russian Interference In The 2016 Presidential Election” details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign colluded with Russia to hamper Hillary Clinton’s 2016 run for the presidency. United States Attorney General William Barr claimed in late March that the investigation found no evidence of such collusion, and the U.S. Department of Justice (DOJ) released a redacted version of the full report on April 18, 2019. Read more...

This is a preview of Mueller Report: Russia Used Bitcoin to Fund DNC Hacks. Click Here To Read the full post

So Far, Only Two Businesses in Ohio Have Used Bitcoin to Pay Taxes

February 22, 2019 By Mark Lyford Leave a Comment

According to a recent statement made by Ohio’s state treasurer, so far, only two businesses have filed their taxes in crypto using the state’s crypto tax payment scheme.

Speaking at a forum organized by the Ohio State Associated Press on February 19, 2019,Robert Sprague fielded questions about the department’s experiences with the newly launched bitcoin payment option for taxes, which was set up by his predecessor Josh Mandel in December 2018. Sprague, who assumed his position a little over a month ago, states that the country has received only two tax payments so far on the state’s official crypto payment platform, OhioCrypto.com Read more...

This is a preview of So Far, Only Two Businesses in Ohio Have Used Bitcoin to Pay Taxes. Click Here To Read the full post

Jamie Dimon: ‘I Have No Problem Paying Higher Taxes’, If They’re Used Wisely

February 2, 2019 By Mark Lyford Leave a Comment

J.P. Morgan Chase CEO Jamie Dimon has declared that he does not mind paying higher taxes as long as they are used where they are “most effective”. His comment comes as something of a bolt from the blue in the midst of a polarizing debate on whether the highest-earning Americans should be required to pay a top marginal tax rate of 70 percent as proposed by a number of prominent House Democrats. Speaking to CNBC on Wednesday, Dimon said: I believe that individuals earning the most can afford to pay more, and I have no problem paying higher taxes to address Read more...

This is a preview of Jamie Dimon: ‘I Have No Problem Paying Higher Taxes’, If They’re Used Wisely. Click Here To Read the full post

Less Than 1.5 Million People Used dApps in 2018

January 16, 2019 By Mark Lyford Leave a Comment

According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem

The post Less Than 1.5 Million People Used dApps in 2018 appeared first on CCN

CCN

Permanent link to this post (72 words, estimated 17 secs reading time)

ISIS Recruit who Used Bitcoin to Finance Terror Group Could get 20 Years in Jail

November 30, 2018 By Mark Lyford Leave a Comment

A Pakistani-American woman who bought bitcoin and other cryptocurrencies using fraudulently obtained credit cards before wiring the funds to ISIS has pled guilty to charges of offering financial support to a terrorist organization. According to court filings, Zoobia Shahnaz made a couple of wire transactions last year to fronts for the Islamic terror outfit ISIS

The post ISIS Recruit who Used Bitcoin to Finance Terror Group Could get 20 Years in Jail appeared first on CCN

CCN

Permanent link to this post (78 words, estimated 19 secs reading time)

Should’ve Used Blockchain: VA Unable to Process GI Bill Payments for Veterans

November 25, 2018 By Mark Lyford Leave a Comment

The US government has come a long way in thanking its service members. This country has always had a disability pension for injured veterans, according to a document published by the Department of Veterans Affairs (VA), which is the organization in charge of veterans benefits these days. VA Falls Behind on GI Bill Payments Today, … Continued

The post Should’ve Used Blockchain: VA Unable to Process GI Bill Payments for Veterans appeared first on CCN

CCN

Permanent link to this post (77 words, estimated 18 secs reading time)

Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

November 14, 2018 By Mark Lyford Leave a Comment

In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.

Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.

Google's G Suite Twitter Account is Hacked!! pic.twitter.com/JdB7huGksO

— Burton (@B_u_r_t_o_n) November 13, 2018

Target’s Twitter account, which is followed by nearly 2 million users, posted a tweet, confirming the hack which occurred on November 13, 2018. The retailer stated: Read more...

This is a preview of Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams. Click Here To Read the full post

Blockchain To Be Used At Shipping Ports

October 25, 2018 By Mark Lyford Leave a Comment

The mobile phone giant Samsung is joining forces with ABN AMRO, a banking firm in the Netherlands to improve logistics processes at the Rotterdam port in the country which has the biggest port in the whole of Europe.

There is a good reason behind this partnership as when shipping containers go out to sea, hundreds of documents have to be filled out. As put by crypto briefing, it takes a book size amount of paperwork to send flowers from Kenya to the Dutch country. Read more...

This is a preview of Blockchain To Be Used At Shipping Ports. Click Here To Read the full post

Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz

October 17, 2018 By Mark Lyford Leave a Comment

One of the top markets regulators in the United States said yesterday that he believes smart contract developers should in some instances be held liable when their blockchain applications are used in conjunction with illegal activities. Brian Quintenz, a commissioner at the Commodity Futures Trading Commission (CFTC), made this statement on Monday at the GITEX

The post Smart Contract Devs Liable for How dApps are Used: CFTC’s Quintenz appeared first on CCN

CCN

Permanent link to this post (74 words, estimated 18 secs reading time)

AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’

October 15, 2018 By Mark Lyford Leave a Comment

The American Association of Retired Persons (AARP) has ascribed a bizarre definition to bitcoin in a caustically worded article on its website published on Wednesday, Oct. 10. In the slideshow post titled “Improve Your Financial Literacy With This Glossary,” a heavy dose of contempt is specifically reserved for the description of bitcoin and blockchain in

The post AARP Tells Retirees that Bitcoin is Mainly Used by ‘Bunch of Criminals’ appeared first on CCN

CCN

Permanent link to this post (75 words, 1 image, estimated 18 secs reading time)

Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement

October 14, 2018 By Mark Lyford Leave a Comment

New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. To

The post Exposed: Bitcoin Scam Used New Zealand’s Prime Minister as an Endorsement appeared first on CCN

CCN

Permanent link to this post (74 words, 1 image, estimated 18 secs reading time)

New Zealand PM Used As Pawn In Fake News Site

October 12, 2018 By Mark Lyford Leave a Comment

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup.

A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country. Read more...

This is a preview of New Zealand PM Used As Pawn In Fake News Site. Click Here To Read the full post

Bitcoin And Monero Used To Launder $89M: Investigation

September 30, 2018 By Mark Lyford Leave a Comment

Nearly $ 89 million USD worth of Bitcoin (BTC) and other top cryptocurrencies were mostly converted to privacy coin Monero (XMR) at 46 exchanges around the world in order to launder illicit funds, a Wall Street Journal investigation has found. The months-long investigation tracked 2,500 potentially criminal wallets and traced transactions dating back to 2016. These used 46 international and U.S.-based exchanges that concealed the original source of crypto funds, per Sept. 28 report.

Continue reading Bitcoin And Monero Used To Launder $ 89M: Investigation at Crypto Daily™.

Crypto Daily™

Permanent link to this post (92 words, 1 image, estimated 22 secs reading time)

Cryptocurrency Exchanges Have Been Used to Launder $88 Million Since 2016: WSJ

September 29, 2018 By Mark Lyford Leave a Comment

Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $ 88 million over the past two years, a Wall Street Journal report alleges. Money Laundering Pervasive in Crypto Trading Industry: Report The Journal’s investigation traced funds from over 2,500 wallets that courts flagged for their involvement in criminal activities. The paper partnered

The post Cryptocurrency Exchanges Have Been Used to Launder $ 88 Million Since 2016: WSJ appeared first on CCN

CCN

Permanent link to this post (77 words, estimated 18 secs reading time)

Would Al Capone Have Used Cryptocurrency?

September 27, 2018 By Mark Lyford Leave a Comment

Wars have been started and peace agreements signed, all over money-either a lack of it or the desire to control what’s valuable. Now, many people, including government leaders, understand that Bitcoin and cryptocurrency are valuable, and they know this new kind of money isn’t going away. Money underpins power and can answer any desire, legal and illegal. That means that, where there is money in any shape or form, there is money laundering. Bad guys use cryptocurrency the way they’ve used every new innovation, as a way to get an edge over police. Read more...

This is a preview of Would Al Capone Have Used Cryptocurrency?. Click Here To Read the full post

1 Billion Fake EOS Tokens Used To Steal $58k From Decentralised Exchange

September 19, 2018 By Mark Lyford Leave a Comment

Thieves have fabricated 1 billion EOS based tokens, ironically also named EOS, in order to purchase a number of tokens from Newdex, a decentralised exchange. Since the EOS tokens we’re fake and have no value, the hackers managed to lift around $ 58,000.00 worth of BLACK, IQ and ADD tokens from Newdex. According to The Next Web, Newdex have confirmed the hack in an official statement:

“EOS account oo1122334455 issued 1,000,000,000 fake EOS tokens.

Continue reading 1 Billion Fake EOS Tokens Used To Steal $ 58k From Decentralised Exchange at Crypto Daily™.

Crypto Daily™

Permanent link to this post (96 words, 1 image, estimated 23 secs reading time)

Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good

September 15, 2018 By Mark Lyford Leave a Comment

Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful.

A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances. Marred by memories of homelessness and extreme monetary strain, Youssef’s journey to build Paxful was an arduous one. Read more...

This is a preview of Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good. Click Here To Read the full post