Connect with us

Blockchain

Singaporean Man Pleads Guilty to Stealing $360,000 From Bitcoin Buyer

A suspect in a robbery case involving Bitcoin has pled guilty in a Singaporean court. The robbery in question is the latest incident in what has become a long list of crypto-related thefts. According to research by CipherTrace, hackers, thieves, and fraudsters had already stolen $1.4 billion worth of cryptocurrency in the first half of 2020. […]

The post Singaporean Man Pleads Guilty to Stealing $360,000 From Bitcoin Buyer appeared first on BeInCrypto.

Published

on

A suspect in a robbery case involving Bitcoin has pled guilty in a Singaporean court. The robbery in question is the latest incident in what has become a long list of crypto-related thefts.

According to research by CipherTrace, hackers, thieves, and fraudsters had already stolen $1.4 billion worth of cryptocurrency in the first half of 2020.

In this case, Syed Mokhtar Syed Yusope is accused of participating in a fake bitcoin deal that cost the victim $360,000. On Wednesday, he pleaded guilty in a Singaporean district court to theft charges according to a report from local outlet The Straits Times.

Mokhtar, a native Singaporean, is accused of working with two accomplices, Jaromel Gee Ming Li and Mohd Abdul Rahman Mohamad, to rob Malaysian national Pang Joon Hau.

SingaporeSingapore
Source: The Straits Times

Posing as representatives of a Bitcoin broker, the trio conned Mr. Pang into believing that they would sell him Bitcoin for cash. It’s unclear why the victim opted to enlist the accused thieves’ services instead of going through established bitcoin exchanges.

In the end, Mokhtar and his co-conspirators are said to have assaulted the victim, making off with his backpack that was filled with $365,000, and leaving Pang without any of the promised Bitcoin.

Mokhtar was arrested by police the day after the incident and was found to still be holding $5,000 of the stolen money. Court documents did not say whether the authorities managed to recover the remaining cash from the trio. Mokhtar is now out on bail of $30,000 and will be sentenced on Friday.

According to the initial report, he could face up to 14 years in jail. The cases involving the other two Singaporeans are still pending.

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

Source: https://beincrypto.com/singaporean-man-pleades-guilty-to-stealing-360000-from-bitcoin-buyer/

Blockchain

Circle K to Host Bitcoin ATMs Across its Convenience Stores

Published

on

Major bitcoin ATM operator Bitcoin Depot has inked a long-term partnership deal with convenience store chain Circle K to install Bitcoin kiosks in the United States and Canada.

Bitcoin Depot and Circle K Partner to Install Bitcoin ATMs

Bitcoin Depot announced the deal via a press release on Thursday (July 22, 2021). According to the company, there are more than 700 Bitcoin ATMs already installed in Circle K locations in 30 states across the U.S.

The partnership provides individuals with a more convenient way to purchase bitcoin, thereby encouraging widespread adoption of the flagship cryptocurrency. Bitcoin Depot already has over 3000 BTC ATM kiosks located in almost every state in the U.S. and also allows users to buy more than 30 cryptocurrencies, including BTC, ETH, and LTC.

Speaking on the latest development, Brandon Mintz, CEO of Bitcoin Depot, said that the partnership deal with Circle K enables the crypto ATM company to expand its services internationally. Mintz also said that the installation of the Bitcoin ATMs would grow the number of customers visiting the convenience store chain while providing financial access to “underserved communities.”

Circle K’s Senior Vice President Global Merchandise and Procurement, Denny Tewell, also made a statement, saying:


ADVERTISEMENT

“At Circle K, we are passionate about making our customers’ lives a little easier every day, and we are continually looking at ways to enhance their experience in our stores and be their favorite shop for a growing range of needs and occasions.”

Tewell  added:

“Our partnership with Bitcoin Depot further builds on this commitment, giving our brand an important, early presence in the fast-growing cryptocurrency marketplace as a convenient destination where customers can buy Bitcoin.”

Bitcoin ATMs Continue Exponential Growth

The growth of crypto ATMs globally signals an increasing demand for bitcoin and other cryptocurrency assets. According to data from Coin ATM Radar, there are currently 23,915 crypto ATMs in 75 countries, up from 11,665 ATMs recorded in November 2020. This shows that the number of machines has more than doubled in eight months.

Statistics further show that the United States continues to lead with over 21,000 Bitcoin ATM locations, controlling more than 86% of the market. Canada comes second with BTC ATMs installations in 1696 locations, amounting to 6.8% of the world total.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/circle-k-to-host-bitcoin-atms-across-its-convenience-stores/

Continue Reading

Blockchain

Jack Dorsey Sees Bitcoin as a Big Part of Twitter’s Future

Published

on

Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future.

  • Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call.
  • During the call, Jack Dorsey discussed many things, but Bitcoin and digital currencies took somewhat of a central stage, especially in light of current events and the fact that he’s been talking about it quite a bit.

I think this [read: Bitcoin] has a big part of our future. I think there’s a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it. – Said Dorsey.

  • He also stressed on the fact that if there were a global currency of the Internet, Twitter would benefit a lot because it could move quickly with some of its products such as the Tip Jar, Subscription, Commerce, Super Follows, and so forth.
  • The CEO has been quite vocal about the importance of Bitcoin and its mass adoption.
  • Earlier, as reported by CryptoPotato, the CEO revealed that his financial services company, Square, plans to build a hardware Bitcoin wallet to improve and spread its adoption.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/jack-dorsey-sees-bitcoin-as-a-big-part-of-twitters-future/

Continue Reading

Blockchain

‘Wolf Of Wall Street’ Jordan Belfort: Elon Musk Is Filthy Rich To Pump And Dump Bitcoin

Published

on

Binance CEO CZ Lambasts Tesla CEO Elon Musk For 'Irresponsibly' Manipulating The Crypto Market

Advertisement &  & 

Jordan Ross Belfort, best known as the “Wolf of Wall Street” portrayed by Leonardo DiCaprio, doesn’t believe that Tesla/SpaceX CEO Elon Musk really manipulates crypto prices contrary to countless claims.  

Speaking with Fox Business on Thursday, Belfort posited that Musk is stinking rich to be pumping and dumping dogecoin, bitcoin, or other cryptocurrencies in order to make a quick buck off of it. 

“I like Elon Musk and I think he’s rich enough. He doesn’t have to make an extra few dollars pumping and dumping.”

Jordan Belfort, the former Wall Street penny-stock broker who pleaded guilty to stock market fraud in 1999, explained that while Musk himself might not be pumping and dumping, traders might be using his endorsement and they pump and dump around the hype that the billionaire tycoon creates.

Musk, famous for his odd-timed tweets, has constantly been accused of being a master manipulator. Notably, his tweets on major cryptocurrencies like DOGE and BTC, have sent their prices up and down within seconds.

Advertisement &  & 

At The B Word conference held on Wednesday, Musk shared details of the three cryptocurrencies that he personally owns as well as the cryptos held by his two companies. He also admitted that he might occasionally pump crypto prices, but he doesn’t dump. “If the price of bitcoin goes down, I lose money,” Musk explained.

The Tesla chief went on to state that he is interested in seeing bitcoin succeed — not just getting the price high and cashing out at higher prices.

Belfort, however, maintains that Musk is most likely “inadvertently being used” to pump and dump cryptocurrencies. 

Belfort Is Hoping Bitcoin Price Rips Lower

During his interview, Belfort also affirmed that he is invested in bitcoin (BTC), and ethereum (ETH) and is in it for the long haul. In fact, he hopes the price of the bellwether cryptocurrency falls again to as low as $5K per coin so that he can grab some more.

“I would love it to go lower because I’m a long-term investor so I don’t care if it goes up or down in the short term. I would love it to go back to $5000 and buy a ton of it here and that would be a great thing.”

This image has an empty alt attribute; its file name is a0l8zUyF.png
BTCUSD Chart By TradingView

At the time of publication, the bitcoin price is in the process of attempting a sustained breakout above $32,400 where the price has been hovering for 48 hours or so.

The Wall Street criminal-turned-author also noted that no one actually knows where the price of bitcoin goes next and if anyone says they do, they are definitely lying.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://zycrypto.com/wolf-of-wall-street-jordan-belfort-elon-musk-is-filthy-rich-to-pump-and-dump-bitcoin/

Continue Reading
Uncategorized2 days ago

BNY Mellon Adds to Crypto Activity with Pure Digital Bet

Blockchain4 days ago

How to Unlock Inazuma in Genshin Impact 2.0?

Blockchain3 days ago

NexWEB Technologies Chooses Butterfly Protocol for Powering its Blockchain Domain-Based NFT Platform

Uncategorized4 days ago

BlockFI ordered to stop onboarding New Jersey-based customers

Blockchain3 days ago

Cardano: If you’re a high-risk trader, this step is for you

Blockchain3 days ago

XRP Lawsuit update: SEC Commissioners’ ‘gift’ to Ripple might have this effect

Blockchain4 days ago

Polygon Unveils New Blockchain Gaming and NFT Division

Uncategorized3 days ago

Social NFT platform DeFine raises $5M from Asian investors

Blockchain3 days ago

Anthony Di Lorio To Leave Cryptocurrency Space For Philanthropic Initiatives

Uncategorized4 days ago

Bitcoin drops below $30,000 for the first time in four weeks.

Blockchain4 days ago

Robinhood Says Low Crypto Trading Activity Could Cause Revenue Decline in Q3 2021

Uncategorized3 days ago

New EU proposal looks to tighten regulations for sending cryptocurrency

Blockchain4 days ago

Warzone Loadouts Are Changing in Season 4 Because of Dead Silence

Blockchain4 days ago

How To Watch $50K Warzone Cracked Creators Qualifier 1

Uncategorized4 days ago

TA: Ethereum Breaks Key Support, Why ETH Could Tumble To $1,500

Uncategorized2 days ago

Record network activity and a second NFT boom send WAX price higher

Blockchain3 days ago

EOS, MATIC, DASH Price Analysis: 20 July

Blockchain4 days ago

UBS Fined $8 Million over Compliance Failures in ETP Sale

Uncategorized3 days ago

Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices

Blockchain4 days ago

U.S. Senators Warn Over China’s Digital Yuan Use at Beijing Olympics

Trending