Author: Traderman

Kraken Warns Clients on Mt.Gox Phishing Email Targeted at BitcoinTalk Members

Digital currency exchange Kraken sent out an email yesterday warning all clients about a Mt.Gox phishing email that is allegedly being sent to members of the BitcoinTalk.com forum. The fraudulent email is crafted to appear as if it is coming from Kraken “Client Engagement” and contain a malicious Google drive link, which supposedly holds a list of the status of each Mt.Gox claim. Kraken’s official warning email explains: “If you …
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Digital Currency Exchange Bitfinex to Pay 75k Fine to CFTC

Hong Kong-based digital currency exchange Bitfinex (BFXNA Inc.) will be paying a $75,000 fine to the United States Commodity Futures Trading Commission (CFTC). According to the order, Bitfinex fully cooperated with CFTC investigators and submitted the 75k Offer of Settlement, which the CFTC has accepted. The order states that Bitfinex contacted the CFTC in September of last year to seek guidance on how it could structure its business to not …
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Egyptian Dentist Apprehended in Bitcoin Sting Operation in Cairo

A 30-year-old dentist has been apprehended by Egyptian authorities for conducting bitcoin-to-dollar transactions on LocalBitcoins.com, a popular digital currency trading portal. Mr. Ahmed. A. H., who was trading digital currencies on the site under the nickname btc2okpay, was captured in a sting operation setup by investigators in New Cairo, a municipality on the outskirts of the Cairo. According to today’s post on the facebook page of The Ministry of the …
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Coinbase Launches $5 Buy Widget for Developers and Bitcoin Newbies

San Francisco-based bitcoin platform Coinbase has launched a new Buy Widget that allows newcomers to digital currencies to purchase up to $5 worth of bitcoin using a debit card, without actually opening a full account. Only US-based customers are able to use the widget at this time with “limited KYC” checks. A fee of 3.75% is charged on each transaction made through the widget. The new widget has a lifetime …
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