Search Results for: bitcoin

Bitcoin deem illegal by Russian authorities

Bitcoin deem illegal by Russian authorities

The resistance to bitcoin on the part of governments around the world is building. The latest country to speak out on bitcoin is Russia and authorities within the country have come down hard on the virtual currency. Russian authorities have issued warnings against the virtual currency stating that it can be used to finance terrorism and for money laundering.

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Bitcoin money laundering case may threaten future of anonymous purchases

Bitcoin money laundering case may threaten future of anonymous purchases

Bitcoin's popularity has come with ups and downs, the most recent of which being criminal charges against vendors for money laundering, something believed to be the first case of its kind. Unfortunately, the arrests involved transactions that took place over one of the last remaining destinations to buy anonymous Bitcoins, endangering the future of the cryptocurrency's anonymous future.

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Apple pulls Blockchain Bitcoin wallet from App Store

Apple pulls Blockchain Bitcoin wallet from App Store

Bitcoin, the most popular cryptocurrency available, is stored using a digital wallet app, some of which are more secure than others. The most popular among these is Blockchain, which was removed from the App Store tonight. The reason provided alluded to an issue that hadn't been resolved, but Blockchain contends that Apple hasn't provided any specific reason for its action.

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Bitcoin exchange CEO arrested for Silk Road money laundering

Bitcoin exchange CEO arrested for Silk Road money laundering

The CEO of a prominent Bitcoin exchange has been arrested in the US over allegations that he laundered over $1m-worth of the virtual currency through the notorious Silk Road black market. BitInstant chief exec Charlie Shrem is one of two men accused of selling Bitcoin to shoppers at the clandestine store, which were used to purchase drugs and other often illegal items.

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