..

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

Ethereum Software Upgrade Activated; Ether Reverses Losses, Trades Up

Ethereum Software Upgrade Activated; Ether Reverses Losses, Trades Up

Ethereum, the second-largest blockchain network, went through a major software upgrade on Thursday, which is expected to stabilize transaction fees and reduce supply of the ether token.

California Fintech, Founders Settle SEC Crypto Fraud Claims

California Fintech, Founders Settle SEC Crypto Fraud Claims

The SEC said in filings in Los Angeles federal court on Wednesday that Uulala Inc and founders Oscar Garcia and Matthew Loughran raised $9 million from investors between 2017 and 2019 through an unregistered initial coin offering.

Bitcoin Ecosystem Rallies to Repel Doomed Re-Org Attacks

Bitcoin Ecosystem Rallies to Repel Doomed Re-Org Attacks

The attacks work like this: a miner accumulates hash power and creates a chain of competing BSV blocks in secret, which contain transactions written to benefit the attacker, such as by double-spending BSV by appearing to deposit it into an exchange wallet.

What Do Broken Down McDonald's Milkshake Machines Have to Do With a Bitcoin Mastercard Conspiracy?

If franchisees want to switch solutions, the only option that the parent corporation allows is to switch to a software “upgrade” called “Powerhouse Dynamics,” which is owned by the parent company of Taylor, so you can't really escape the system.  Enter Mastercard's similar setup with Bitcoin.

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Syndicate