Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on […] Powered by...
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in the negotiation stage. More Companies Looking to Adopt Microstrategy’s Bitcoin […] Powered by...
Court Denies Filmmakers’ Renewed Attempt to Get Redditors’ IP Addresses
Reddit has gone head-to-head with a group of filmmakers over the past year, aiming to protect the privacy of its users. In three separate cases, the filmmakers subpoenaed Reddit for details of users who commented on various piracy related topics. The movie companies said they were not planning to go after these people in court but wanted to use their comments as evidence in ongoing piracy liability lawsuits against Internet providers....
‘Largest Botnet Ever’ Tied to Billions in Stolen Covid-19 Relief Funds
The US says a Chinese national operated the “911 S5” botnet, which included computers worldwide and was used to file hundreds of thousands of fraudulent Covid claims and distribute CSAM, among other crimes. Powered by WPeMatico
Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of decentralization of Bitcoin mining across the globe,” according to a press release. The company looks towards leveraging the […] Powered by...
