Cryptsy CEO Stole Millions From Exchange, Court Receiver Alleges

Cryptsy CEO Paul Vernon may have stolen as much as $3.3m from the now-defunct digital currency exchange and destroyed evidence of his illicit actions. That’s according to new court documents from the ongoing class action lawsuit filed against the troubled industry exec. A report from court-appointed receiver James Sallah, published on 2nd August, details efforts to … Read more

Bittylicious Extends Credit Card Payments to Altcoin Buyers

Bittylicious now allows users to purchase all of its available altcoins with MasterCard and Visa credit and debit cards. The UK-based bitcoin brokerage first announced support for credit card payments this May when it added the payment option for bitcoin buyers. Bittylicious accepts bank transfers, cash payments and select mobile payments services such as Barclays Pingit, though … Read more

Leading Altcoin Developers Speak Out Against New York’s BitLicense Proposal

New York’s proposed bitcoin regulations have been the subject of increasing criticism in recent weeks, with a wide variety of industry leaders coming forward to criticize the laws for their lack of clarity and for putting up unnecessary obstacles to the ecosysem’s future growth. One element of the BitLicense proposal that has proved controversial is how … Read more

New Conference to Highlight Isle of Man’s Growing Bitcoin Economy

Lieutenant Governor and the British Queen’s personal representative Adam Wood is set to headline the first annual Crypto Valley Summit on the Isle of Man next month. The event, set for 17th and 18th September, will spotlight a diverse crowd of bitcoin thinkers, government representatives and business leaders will include BTC China founder and CEO … Read more

All Things Alt: StartCOIN’s Crowdfunding Twist, World Cup Fever and Vertcoin’s Stealth Move

Any superstitious altcoin enthusiasts out there? Today marks the coincidence of both Friday the 13th and the full moon, an appropriate way to end yet another week in the digital currency world. But, there’s no need to dwell on the existence of luck as it relates to cryptographic payment systems. Instead, let’s kick back and … Read more

SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as the Next Gen Bitcoin

The U.S. Securities and Exchange Commission (SEC) has charged actor Steven Seagal for unlawfully promoting a cryptocurrency investment scheme claiming to be “the next generation of bitcoin.” Seagal failed to disclose that he was being compensated in cash and crypto by Bitcoiin2gen, or B2G, for marketing its token offering, such as on Twitter and Facebook. … Read more