Teenager sentenced to 10 years in prison for extortion by Bitcoin


If you're a big fan, maybe you've been staring at cryptocurrency prices over the weekend.

If you did, here's a helpful list of the major industry news this weekend that you may have missed – and we do not mention the price of Bitcoin, not once.

1. Nobuaki Kobayashi, director of the defunct Bitcoin BTC, exchange Gox, extends the time allowed to creditors to file their claims. Applicants affected by Mt. The collapse of Gox occurs all over the world and it would seem that all cases must be recorded in Japan. The extension of time should allow a little more time for those who are currently trying to recover their lost funds.

2. The Norwegian government makes it harder for cryptocurrency miners to make a profit. Starting in 2019, cryptocurrency miners will have to pay the full standard rate of tax on their electricity supply. Currently, minors pay only 2.8% of the standard rate.

3. An American-Israeli teenager was sentenced to 10 years in prison for threatening schools, hospitals, police stations and Jewish centers. The author had threatened to launch a bomb unless the target had paid in Bitcoin (BTC). The court documents indicate that he had earned 184 BTC (worth over $ 650,000 at the time of writing). Earlier this month, another scoundrel was apprehended for threatening to send a bomb to the Miami airport, as the FBI did not want to help him recover the stolen cryptocurrency.

4. While some countries – such as France – are hot on the Bitcoin tax, Germany is adopting a different tact and wishes to use the enemy's weapons against them. The country wants to use the Blockchain to fight against tax evasion. It is unclear how this will work, but estimates suggest that the German economy has lost more than $ 63 billion in favor of tax evasion schemes. So any impact can be considered positive.

5. Material Portfolio Manufacturer Trezor recommends that buyers be alert to the rise in the Trezor One dummy portfolios. The fake portfolio could pose a huge risk to the users' funds. Material portfolios tend to be favored by those who store large amounts of cryptocurrency, so it makes sense that these devices are targeted by fraudsters. Trezor recommends to buy its devices directly or from authorized dealers.

6. Gab, the micro-blogging platform favored by the right-hand side, is moving to Bitcoin payments, as access to conventional banking platforms has been denied. The founder, Andrew Torba, said the company will integrate BitPay as soon as possible. Although this is probably temporary, all other services have already banned them.

This is another week of bad news for fraudsters, cryptocurrency miners and hodlers. But at least those affected by Mt. The collapse of Gox has a little more time to file his claims.

Posted on November 26, 2018 – 09:32 UTC