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10 Bitcoin Winners and Losers of 2017

The year of 2017 was a fantastic year for some Bitcoin users, but others were not so lucky with the cryptocurrency.Below, we’ll look at some of the most impressive success stories of the year, as well as the profiles of people who probably wish they’d never touched Bitcoin at all.It’s a highly erratic currency, but people who invested in it before its recent prominence often found their fore

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Smart Contracts Are Taking Over Functions of Lawyers: Expert Blog

Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com.After reading about how a partner in one of the biggest and most pres

Hong Kong Hacker Arrested in Blackmail for Bitcoin Case

News A suspect in a case involving hacking, blackmailing and Bitcoin has been arrested in Hong Kong. A 30-year-old computer technician has been taken in custody in connection with cyberattacks against two travel agencies. The man risks years of imprisonment. Personal data of customers was held for ransom. Tour operators were asked to pay 1 Bitcoin fo

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EU Amends AML Laws for Cryptotrading as US Ponders: Expert Blog

Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com.Larry Fink, CEO of the world’s largest asset management company, BlackRock, t

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FT: EXMO Director Released From Kidnap After Paying $1 Mln Ransom

Pavel Lerner, the managing director of the cryptocurrency exchange EXMO kidnapped in Kiev Dec. 27, was released today after paying a $1 mln ransom in Bitcoin, The Financial Times (FT) reports.Lerner was abducted in Kiev on Wednesday leaving his office. Ukrainian online publication Strana.ua was first to report that he was taken away by “unknown persons” in a black Mercedes Benz.FT reports they

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Lyn Ulbricht: Ross’s Latest Appeal About “Constitutional Protections and Freedoms for Us All”

In May of 2015, Ross Ulbricht was sentenced to life in prison without parole for his role in operating the dark web site Silk Road. Exactly two years later, the Court of Appeals for the Second Circuit upheld his conviction and sentencing.Now in a landmark request, Ulbricht has appealed to the the Supreme Court (SCOTUS) regarding the Second Circuit’s decision. A petition for a writ of certiorari

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American Woman Arrested for Laundering Bitcoin to Fund Islamic State Operations

There have always been allegations tying Bitcoin to terrorist funding. So far, there has been little to no evidence to back up such claims. It seems that situation has come to change in the past few days. An American woman was arrested and accused of money laundering bitcoins. Said cleaned funds were then used to fund Islamic State operations. It is a very serious allegation, although it remains t

Greek Supreme Court Rejects Extradition Appeal by BTC-e’s Alexander Vinnik

Regulation The Greek supreme court in Athens has rejected today the appeal by the suspected BTC-e operator Alexander Vinnik regarding his extradition to the United States. The way is now clear for the Greek justice minister to give the final verdict whether to extradite the Russian national to American authorities or not.Also Read: Tax Investiga

South Korea Imposes Six Conditions for Crypto Exchanges to Operate

Economy & Regulation The government of South Korea is preparing a bill which attempts to prohibit all transactions involving cryptocurrencies including bitcoin unless they take place through exchanges that meet six conditions.Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto TransactionsThe Proposed BillTh

Canadian Court Sends Perpetrator of Plexcoin ICO Scam to Jail

Regulation Authorities in North America seem be among the most proactive in the world with regards to dealing with individual ICOs. The latest example of this comes from Canada where the man behind Plexcoin is now facing jail time while an investigation against him is still ongoing.Also Read: Parity Calls for Ethereum Hard Fork to Reverse $230 Millio

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