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Michael Murgio resigns from school board amid charges
bitcoinexchangenews.com

Investigators say he tried to hide money made through the company called Coin.mx, which allowed customers to exchange cash for bitcoin currency for a fee. Investigators say Coin.mx exchanged millions of dollars for bitcoins for customers throughout the …

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Bitcoin Marketplace Purse Takes Page From Etsy in Expansion
bitcoinexchangenews.com

When Purse's founders first stared making plans to open their business model to other vendor they took a lesson from other bitcoin market places like PayIvy that let customers sell pretty much anything. The market ended up being a gray market where …

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Former Credit Union Official Charged With Taking Bribe From Illegal Bitcoin …
bitcoinexchangenews.com

A U.S. court has charged Trevon Gross, the former chairman of a Jackson, N.J. federal credit union, with accepting $150,000 in bribes to turn the credit union's functions over to the operators of Coin.mx, an illegal bitcoin exchange, according to NJ …

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Pastor Charged With Taking Bribes from Defunct Bitcoin Exchange
bitcoinexchangenews.com

A New Jersey pastor and former credit union executive has been indicted for allegedly taking bribes from the now-defunct bitcoin exchange Coin.mx. As previously reported by CoinDesk, Coin.mx operators Anthony Murgio and Yuri Lebedev were arrested last …

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Hackers fail to extort ransom from business
bitcoinexchangenews.com

The hackers were demanding about $500, but they demanded it in Bitcoin currency. Bitcoin offers more anonymity in transactions than standard U.S. currency. In an added courtesy, the hackers included a list of recommended Bitcoin vendors the victim …

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Josh Garza's Bitcoin Companies Face $10 Million Default Judgement from SEC
bitcoinexchangenews.com

Computers that find the correct solutions are given a prize—bitcoin currency—for solving them, of which Garza promised a portion to his customers. In reality, Garza devoted “little or no computing power toward any mining activity,” according to the SEC.

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Bitcoin Exchange Kraken Lands Multi-million Dollar Investment from Japanese …
bitcoinexchangenews.com

Bitcoin exchange Kraken announced a multi-million dollar agreement with SBI Investment, one of Japan's leading and most respected venture capital firms, to invest in and lead the Series B round of financing in Kraken. SBI Investment is the venture …

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5 Key Findings from CoinDesk's State of Bitcoin and Blockchain 2016
bitcoinexchangenews.com

Others, such as dogecoin, peercoin and dash, have actually managed to increase their overall value from one- to three-fold, though it's unclear if this is the work of savvy traders or real-life users. Notably, bitcoin's market cap finished Q4 2015 flat …

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