..

13-Year-Old Bitcoin Kidnap Victim Found Safe

Written by:
Guest
Published on:
May/26/2018

A 13-year-old South African boy was found safe after his kidnappers demanded bitcoin ransom in the amount of roughly $120,000.

Katlego Marite was snatched while playing outside in the South African province of Mpumalanga last Sunday. Three men in a car grabbed him and drove off.  The parents later received a ransom letter demanding the bitcoin funds.

What makes the case unusual is that Katlego’s parents are not wealthy, and they had no idea what cryptocurrency is.

A family friend located the suspects car at a nearby bar after viewing CCTV footage and notified police.

Details beyond that point remain limited, however, police were quick to announce the status of Marite.

Police spokesman Brigadier Leonard Hlathi commented:

"The combined efforts by the police and the community paid off when Marite was found safe and sound. The circumstances under which he was found are a subject of investigation."

It was not immediately known if the bitcoin ransom had been paid either.

US Government Opens Criminal Probe Into Bitcoin Price Manipulation

Citing sources familiar with the probe, Bloomberg is reporting that the United States Department of Justice (DOJ) is working alongside the Commodities and Futures Trading Commission (CFTC), the markets regulator, to focus on illegal trading activities in cryptocurrency markets.

"Spoofing" - the tactic of creating false orders in order to drive buying or selling - and "white washing" appear to be at the center of the investigation. "White washing" involves traders buying shares of a venture through one broker while selling shares through a different broker.

The investigation reportedly is tied to bitcoin and ethereum trades specifically.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Powell Says a Fed Digital Currency Could Undercut Need for Cryptocurrencies

Federal Reserve Chair Jerome Powell on Wednesday said one of the stronger arguments for the U.S. central bank to set up a digital currency is that it could undercut the need for private alternatives such as cryptocurrencies and stablecoins.

Ethereum’s Virgil Griffith Violates Bail

Ethereum’s Virgil Griffith Violates Bail

Plus BSV a boon for advertising and affiliate marketing

What Should You Be Looking At When Choosing a Pay Per Head Service

What Should You Be Looking At When Choosing a Pay Per Head Service

Running a bookie is a challenge for some operators. As a result, they prefer hiring a licensed pay per head (PPH) company to manage key gambling operations and market their betting options. 

Syndicate