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Category Archives: Bitcoin

Bitcoin

Bitcoin and Cryptocurrency Litigation

By Bruce L. Udolf, P.A. |

Bitcoin and other cryptocurrencies are gaining more attention as days pass. Aside from the advantages that cryptocurrencies have like anonymity and easy international transactions, people are enticed by the fact that it can become a good investment. Apart from trading bitcoins for cash, you can also use bitcoins to buy gift cards, book flights,… Read More »

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Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’

By Bruce L. Udolf, P.A. |

When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA.They bought more coins. The Cyprus-based German couple, who describe themselves as financial educators, figured they had no… Read More »

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Congressman: ‘Prohibit US Persons From Buying Or Mining Cryptocurrencies’; Crypto World Erupts

By Bruce L. Udolf, P.A. |

In his opening remarks at the Subcommittee on Monetary Policy and Trade (Committee on Financial Services) Hearing: ‘The Future of Money: Digital Currency’ on July 18, 2018, Congressman Brad Sherman (D-CA) called for the prohibition of both buying and mining cryptocurrencies (crypto) for all US citizens. With this statement, he turned over the cryptocurrency… Read More »

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Crypto Crime In 2018 By The Numbers

By Bruce L. Udolf, P.A. |

One of cryptocurrency’s biggest selling points up to this point has been its anonymous nature, but that anonymity has given cryptos a bit of a nefarious reputation. While the cryptocurrency market has been subject to a wave of new regulations in 2018, a new report from CipherTrace indicates cryptocurrency-related criminal activity has exploded as… Read More »

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Crypto Crime Is a Focus of Trump’s New Task Force on Consumer Fraud

By Bruce L. Udolf, P.A. |

In forming a new task force to protect consumers from fraud, the Trump administration made clear that one of the greatest threats to the public is just emerging: red-hot markets for crypto coins. The inclusion of virtual tokens — along with traditional crimes like money laundering and investment schemes targeting the elderly — as… Read More »

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