Icelandic Fugitive in Bitcoin Heist Arrested in Amsterdam

Written by:
Guest
Published on:
Apr/25/2018

THE HAGUE, Netherlands (Associated Press) — Amsterdam police have arrested an Icelandic fugitive suspected of masterminding the theft of hundreds of computers used to mine bitcoin and other virtual currencies.  SCROLL DOWN FOR MORE

Police spokesman Rob van der Veen confirmed Monday that Sindri Thor Stefansson was arrested Sunday night in downtown Amsterdam. He declined to give further details, saying that prosecutors will now work on Stefansson's extradition.

Stefansson fled a low-security prison last Tuesday and flew to Sweden. Icelandic officials said it was unlikely that Stefansson had to show a passport at the airport since he traveled within Europe's passport-free travel zone but the plane ticket he used was under someone else's name.

Stefansson was among 11 people arrested for allegedly stealing the computers in a series of burglaries in December and January.

Business/Financial News

Crypto Market Valuation Drops More Than 55 Percent Over Past Five Months

Crypto Market Valuation Drops More Than 55 Percent Over Past Five Months

A number of big investors say they are not concerned that the cryptocurrency market has lost 55% of its value over the past five months.  It was inevitable, they suggest.

As Bitcoin World Wobbles, Mining Rig Company Plans $2 billion IPO

As Bitcoin World Wobbles, Mining Rig Company Plans $2 billion IPO

Bitcoins are worth less than half of what they were in December. Mining them is 60 percent less profitable than it was in 2017. Even retailers of hobbyist mining rigs say they are seeing fewer customers.

Bet365 Announces Surprise Move to Malta

Bet365 Announces Surprise Move to Malta

Bet365 – one of the world’s leading online gambling groups – has finalised plans to relocate its operations to Malta from Gibraltar as soon as the UK exits the European Union next year, The Sunday Times of Malta can reveal.

Bitcoin Cash 'Sexy' - 'All Other Coins Can Go in the Trash'

Bitcoin Cash 'Sexy' - 'All Other Coins Can Go in the Trash'

Coingeek.com founder Calvin Ayre celebrated his first ever cryptocurrency conference with a boat party in Hong Kong.

What is the Easiest and Fastest Way to Make Money While in College? Become a Bookie

College is a busy time in a young adultís life, and sometimes it can be a bit overwhelming with all the class work and studying. Between going to class, studying and being a part of the campus social scene it also can be a very expensive experience as well. This often makes it very hard for college students to find time for at least a part-time job that can help them earn some money to pay for everything.

Syndicate