It appears Bitcoin ATMs are being targeted by a group of hammer-wielding criminals. To be more precise, both the Detroit and Chicago areas have seen an increasing number of physical attacks against teller machines. It is unclear what the reason for this behavior is, although rumors suggest this may have to do with competing companies trying to remove the competition by sheer force.
A hammer-wielding group involved in the bitcoin ATM business is allegedly smashing its way around Detroit and Chicago in an effort to destroy the competition, according to court documents filed last month and obtained by industry blog CoinDesk . Andrew Konja, Alvin Konja, Sam Konja, and Odai Mabroukâalong with a number of other co-conspiratorsâare allegedly running a scheme to put competing …
For those who have been following the developments in cryptocurrency sector from past couple of years, the BitLicense fiasco is quite familiar. The cryptocurrency industry was in for a shock last year after the New York Department of Financial Services decided to implement regulations governing digital currencies, popularly referred to as BitLicense. With BitLicense coming into effect, …
British customers of MasterCard are going after the financial services corporation over charging illegally high fees on store transactions for more than a decade. The class action lawsuit, filed last week at London’s Competition Appeal Tribunal by law firm Quinn Emanuel, wanted MasterCard to pay £14 billion ($18.6 …
Mizuho Bank recently found itself in a legal trouble after its association with defunct Bitcoin exchange Mt. Gox was recognized by a US court. The bank’s name surfaced in the notorious Bitcoin theft case when some of its victims claimed that their withdrawal requests was denied by the Japanese bank.
Are we about to witness a breakthrough in the case of the missing $6 million in cryptocurrencies that Cryptsy claims were stolen by a hacker? could be. The bitcoin exchange has just publicly released a “Reward Contract” signed with an anonymous hacker that goes by the alias Cryptcracker.