Bitcoin Exchange Was a Nexus of Crime, Indictment Says

Bitcoin Exchange Was a Nexus of Crime, Indictment Says

The Fresh York Times

July 27, 2017

A Russian man was charged with overseeing a black market Bitcoin exchange that helped launder billions of dollars and stood at the nexus of several criminal enterprises, according to a federal indictment.

The indictment, which was unsealed in California on Wednesday, gave a long list of illegal activities that the Bitcoin exchange, known as BTC-E, facilitated, including ransomware fraud, identity theft, drug trafficking and public corruption. Read More

While Bitcoin Price Hits Record Highs, Almost 100, zero Transactions Are Stuck in a Backlog

While Bitcoin Price Hits Record Highs, Almost 100, zero Transactions Are Stuck in a Backlog

While Bitcoin Price Hits Record Highs, Almost 100,000 Transactions Are Stuck in a Backlog

Almost 100,000 bitcoin transactions are waiting to budge – photo from tradeblock

Bitcoin is presently operating at over capacity following a significant price increase by around $600 in just one week. 100,000 transactions are now stuck, incapable to budge, weighing around 68MB. Read More