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U.S. Online Retailer Overstock to Pay Ohio State Business Taxes in Bitcoin

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Online retailer and blockchain technology pioneer Overstock.com announced that it will become the first major U.S. company to pay a portion of its Ohio state business taxes in bitcoin using the state’s new cryptocurrency taxpayer platform, OhioCrypto.com.

Overstock plans to pay its commercial activity taxes (CAT) in Ohio this February using the recently-launched OhioCrypto.com platform, which allows taxpayers to pay state business taxes with bitcoin. Ohio is the first U.S. state to offer a cryptocurrency payment system for state business taxes.

“We applaud Overstock for becoming the first national brand in America to register to pay taxes via cryptocurrency. Their embrace of blockchain technology was ahead of its time and we’re proud to have them join OhioCrypto.com,” said Ohio Treasurer Josh Mandel.

Overstock became the first major retailer to accept cryptocurrencies for purchases on its website in 2014. That same year, the company also founded Medici Ventures, its wholly-owned blockchain subsidiary focused on applying blockchain technologies to existing industries to eliminate middlemen, democratize capital, and rehumanize commerce.

“We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy,” said Overstock CEO and founder Patrick M. Byrne. “We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation’s essential financial systems.”

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Fast-Growing BiKi.com Secures Investments from Genesis and FBG Capital

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Biki

12th June, Singapore, Singapore – Fast-growing cryptocurrency exchange BiKi.com has recently attracted yet another slew of investments, this time from influential blockchain investment institutions Genesis Capital and FBG Capital.

biki

Crypto fund Genesis Capital’s purported mission of discovering and supporting early-stage projects with the most potential is particularly apt in the case of BiKi.com. In under a year, the infant exchange has managed to accumulate more than 1.2 million registered users and more than 100K daily active users, not to mention its impressive climb to top 15 rankings on the rungs of the global crypto exchange ladder. Genesis’ current investment portfolio includes esteemed projects the likes of Tron, Quarkchain, Egretia and Arcblock, to name a few. In total, Genesis has invested 2 million in BiKi.com, the first million on 27th May followed by another million on 29th May.

Previously backed by Silicon Valley VC Sequoia, digital asset management firm FBG Capital, whose past investment projects have increased 10 to 100 times, has also set its sights on BiKi. FBG has long gained industry respect for discovering and investing in projects such as 0x, Zilliqa, OmiseGO, IOST and Aelf, years before they became successful. FBG’s strategic investment in BiKi will see multi-level co-operation between the two parties which includes FBG providing professional and market resources that will aid BiKi in increasing its market share and implementing trading platform improvements. The enthusiasm of FBG CEO Zhou Shouji, who has been featured on the cover of Forbes, has certainly improved branding for the young exchange, with his friendly recommendations of BiKi skyrocketing the value of its token by 300% in one week.

“We are extremely honored that FBG has such great faith in Biki,” said Ethan Ng, CEO of BiKi.com SEA. “FBG has continually shown amazing foresight in their investments and this partnership is a clear signal that FBG believes BiKi is going places; especially now, with their support, we will no doubt achieve even better project quality, services and branding.”

Not Just Another Exchange

Notably, BiKi.com’s strategy of listing not only the top 100 most popular tokens but also  emerging high quality projects on the exchange has stood it in good stead. With the tendency of investors to flock to trending projects, using users to attract other users is a core competitive advantage for exchanges.

Its focus on conversion marketing during a bear market in late 2018 and early 2019 using unconventional user-growth tactics has also proven to be effective. By converting a non-crypto audience into new exchange users through Chinese e-commerce platforms, BiKi was able to generate daily real transaction volumes of 20 to 100 million USDT, with its net profit in May reaching RMB 10 million, approximately USD 1.5 million.

Targeting foreign market expansion within a competitive timeline, building community partners worldwide as well as providing substantial support for listed projects also sets BiKi apart from its peers.

With corporate giants like Facebook, Goldman Sachs, JP Morgan coming out with digital currencies, coupled with mainstream media’s constant coverage, cryptocurrencies have finally gained mass acceptance. Should market conditions continue to improve, a high influx of new investors entering the market can be expected, with exchanges being the greatest benefactors of this new wave of users.

As Huobi co-founder and BiKi.com’s largest investor Jun Du has gushed, “This year’s ‘miracle’ should belong to BiKi.”  With quality digital assets and strong consumer demand going hand-in-hand, BiKi will likely emerge a dark horse when the bull market breaks out again.

bikis

About BiKi.com

Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange that provides a digital assets platform for trading more than 100 cryptocurrencies and 127 trading pairs. Since beginning operations in Aug 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.2 million registered users and 100,000 daily active users, ranking within the top 15 exchanges globally.

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ABX Gets Initial Approval For Crypto Asset Exchange

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GMEX Group (GMEX), a leader in digital business and technology solutions for exchange and post-trade operators, and Arshad Khan, regional exchanges founder and business expert are pleased to announce the completion of the latest phase in the creation of their joint venture, Arabian Bourse (ABX), set up under Abu Dhabi Global Market (ADGM). Based in the United Arab Emirates (UAE), ABX aims to be a fully regulated, first of its kind crypto asset exchange and custodian initiative; that focuses on global institutional and retail traders.

ABX is implementing the proven GMEX Fusion hybrid centralised & blockchain distributed ledger technology suite, which is deployed and trusted by international regulated financial institutions around the globe. With a goal to be the leading institutional grade crypto assets exchange and custodian in the region, ABX is building a fully integrated ecosystem to become the preferred venue for crypto assets listing, trading and settlement with associated digital custody, depository and data services.

ABX has chosen to be based in ADGM, Abu Dhabi, to benefit from the enlightened crypto asset regulatory framework, rapidly growing crypto asset industry in the region, concentration of global financial institutions and a trusted regulatory regime.

Bringing together crypto asset holders, blockchain technology opportunities and related strategic investments, the ABX ecosystem will ultimately act as a bridge, aggregating Middle East and Northern Africa (MENA) digital assets activity with other major digital asset centres around the world.

ABX promoters bring together decades of experience in setting up and operating financial exchanges in the region and internationally. This uniqueness of ABX shall be its core strength to achieve the objective of establishing a seamless, secure and liquid digital assets eco-system in the region.

Arshad Khan, Co-founder and CEO of Arabian Bourse said “The last few years have seen remarkable growth in the largely unregulated digital-assets market. ABX will address this issue by offering a fully regulated, robust and transparent eco-system.” He added “Receiving in-principal regulatory approval for ABX from the Financial Services Regulatory Authority of Abu Dhabi Global Market is a key milestone in the establishment of the new crypto asset exchange and custodian.”

Hirander Misra, Chairman & CEO at GMEX Group and Vice Chairman at Arabian Bourse, commented “By bringing together proven market expertise and technology with a deep understanding of the exchange landscape in the Middle East, our partnership approach has ensured we can deliver an innovative market infrastructure solution in a highly credible regulated environment.” Adding “we look forward to obtaining the final licences to launch the digital exchange and custodian.”

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Vancouver Mayor Suggests Bitcoin ATM ban to Stop Money Laundering

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Vancouver has cryptocurrency growing pains. The city’s police labeled Bitcoin ATMs an “ideal money laundering vehicle,” and its mayor has even suggested a complete ban.

Experts and local businesses have instead called for federal money services regulations to be changed to include Bitcoin ATMs, reports The Star.

Vancouver’s city council already moved to regulate usage and operation of cryptocurrency ATMs with a bylaw in January. This enforces operators to hold business licenses, verify identities, and even warn users away from common types of fraud.

Despite these efforts, police reiterated warnings that local fraudsters have been using cryptocurrency and cryptocurrency ATMs to launder money.

Authorities also expect to receive 840 reports tied to cryptocurrency this year, a 300-percent increase since 2018. Many of the 72 Bitcoin ATMs in Vancouver have various limits imposed on their usage, but some don’t, which they reportedly advertise.

In particular, one police report claimed criminals could simply purchase a Bitcoin ATM themselves for a few thousand dollars. They would then deposit all their cash into that ATM “as many times as required” to either profit from or eliminate the transaction fees – effectively washing money for free.

The province of British Columbia is to hold a money laundering inquiry to investigate further. Vancouver and Richmond city councils support the inquiry and have confirmed they’re taking action.

How far Vancouver itself will go to keep a lid on the supposed problem isn’t really clear. City staff are said to be researching its extent, and are scheduled to discuss their findings in 2019’s fourth quarter.

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Why Cloud Mining when investing in Bitcoin?

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Miningzoo.com a perfect cloud mining solution just for you! With the trading war causing all the anxiety leading to stock price plummeting and bitcoin price skyrocketing, large institutions start to pour their funds into bitcoin investment gradually to diversify their investment portfolio.

Even if you do not long Bitcoin or consider it digitized gold, like Tim Draper and other investment gurus do, you might want to buy some bitcoin for diversification, an investment strategy taught in Yale’s Financial Markets class by Nobel laureate, Robert Schiller.

You can always buy bitcoin with cash, but if you hate to withstand its rollercoaster price but want to produce bitcoin yourself, what are the options?

First, you need to buy miners, which are costly. Second, you need to be able to operate the miners. This requires a lot of time, energy and of course know-how in technical set-up and assembling. How and where to set those miners up? And on top of these, various risks like technical failures and electricity blackout.

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MiningZoo’s cloud mining is an optimal alternative choice if you find the previous two ways too much trouble.

The advantages of cloud mining compared to buy and run mining machine yourself are obvious: it is noise-free, and saves you from personal maintenance and transportation troubles. The most important thing is that cloud mining revenue is more stable than investing and buying your own miners’ mining revenue. Of course, Cloud mining depends on which mining platform you choose. Choose a cloud mining platform with good reputation like MiningZoo. Then you can rest to collect bitcoin income every day! Leave all these to the professional staff with MiningZoo!

This is a quality cloud mining platform designed for your. The contract price for the same amount of mining power is the most value for money if you compare across all different cloud mining platforms.

Price Comparison Table:

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With MiningZoo, the daily cost per T mining power is as low as $0.076, and the electricity bill is as low as $0.0769 per day. Your annualized income will be over 200% if bitcoin price and bitcoins generation maintain the current status.

Once you place an order you can start mining right away. MiningZoo guarantees 100% uptime and cover system downtimes by using the most efficient and secure miners. You never suffer the loss of mining time due to system downtimes. MiningZoo is heavily investing in the best available hardware to stay at the edge of technology. For you, it is the easiest way of mining: no need to assemble rigs or to have hot, loud miners in your home.

MiningZoo, your premium bitcoin investment choice!

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Cryptocurrencies Offered for Purchase in an Industry First with 0% Service Commission

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As the cryptocurrency industry both matures and grows, so to do the number and format of exchanges and means to transact crypto purchases. A consistent issue faced by consumers has been the differing rates of commissions.

Imagine a zero percent commission – rarely do such opportunities arise but now consumers can purchase cryptocurrencies at 0% service commissions or a limited period.

Introducing Bitinterpay.com – the Secure Exchange Offering 0% Commissions

Simply put, Bitinterpay.com is a simple to use exchange service that allows the user to quickly verify an account and purchase cryptocurrencies in a few clicks via credit card with more than 10 alternative payout options.

With five initial currencies to select including Bitcoin, Litecoin, BTC Cash, Ripple and Ethereum as well as some 25 additional currencies to be added, Bitinterpay.com is not only easy to access and use but also offers unrivalled future purchase options including Eos, Tron, Dash, Tezos, IOTA, Monero, Stellar, Ethereum Classic, NEO and Zcash.

Up to the value of €100, users purchase currencies without registration and verification takes a few moments – all that is needed is a credit card and customers can buy listed currency with USD & EUR instantly.

The platform is a fully legally compliant and EU-licensed currency service adhere to the highest levels of security, data protection, and regulation.

The Exchange that Offers Below Industry Transfer Fees

The exchange has only just launched, so the good news is that all newly registered users can transact without commission fees – this makes the platform one of the most profitable on the market!

For those that miss the initial launch however we will be giving preferential rates but do transact early to avoid disappointment!

It is hard to believe that in today’s market you can purchase bitcoin at 0% service commission

s – the founders of Bitinterpay.com are passionate about crypto and blockchain – from the founding they had the mission to make cryptocurrencies available to all, to this end the team partnered with the publishing partner Mnews World whose audience are simply ordinary people who want to trade cryptocurrencies – the plan is to release as much market intelligence on crypto and blockchain as possible.

The Secure Exchange that Offers Simple Transactions

Cryptocurrency uptake is increasing, and many want to invest but are also aware of the pitfalls – caution is required and as such Bitinterpay.com have made the interface, sign-up and purchase interface as no-nonsense as possible. With a low limit of €10, gone are the days of clicking the wrong button and making a costly mistake!

In short, the platform is open to all, secure and simple to use.

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Bitinterpay.com to Offer Crypto-Corporate Services

Bitinterpay.com is also pleased to announce that in the very near future it plans to operate Table-skin – a special kind of digital asset where the price is value-linked to the real fiat currency. The asset is provided by its presence on the platform via the company that launched them with the first equivalent of the USD – the Tether.

Bitinterpay.com works directly with the company produces Tether. With great terms of purchase to Bitinterpay.com users, the new service will be available to both private and corporate clients and is the first step in ambitious plans to offer corporate services to including receiving payments in cryptocurrencies.

Ensure great profitability on your transactions and enjoy 0% service commission  

today whilst available!

About Bitinterpay.com: Bitinterpay.com is a brand-new exchange offering great transaction fees on the top traded cryptocurrencies including BTC and ETH. With extensive growth plans including some 25 currencies and corporate services, the platform is easy to use, secure, complaint and above all accessible to all. For more information please visit www.bitinterpay.com

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Wirex and Elliptic Unite in New Approach to Make Cryptocurrency Safer

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Wirex and Elliptic have strengthened their collaboration in order to reduce the risk of cryptocurrency fraud and money laundering. The new remit solidifies the relationship between the two companies as Wirex becomes Elliptic’s first partners to proactively contribute data on fraudulent accounts.

Borderless payments platform Wirex and Elliptic, the leading cryptocurrency compliance provider, have been working together since 2016 to help counter and prevent money laundering and other illicit uses of cryptocurrency. Users of Elliptic software will benefit from this enhanced collaboration as Wirex red-flags wallet addresses associated with illegal and suspect activity. This paves the way for a new data model built on industry-wide collaboration and best practice, ultimately reducing the risk of fraud and promoting the benefits of cryptocurrencies to a wide audience.

Wirex offers consumers and businesses secure, multi-currency accounts to manage digital and traditional currencies, make fast and efficient domestic and international payments and spend cryptocurrency in day-to-day life using the Wirex Visa card.

By bridging the gap between digital and conventional payments, Wirex is able to identify fiat-based financial crimes, such as stolen credit card details, that ultimately lead to cryptocurrency wallet addresses being used for money laundering. Fraudulent or suspicious behaviours are now fed directly into Elliptic’s dataset of high-risk actors in cryptocurrency.

Elliptic has assessed risks for transactions worth several trillion dollars, enabling cryptocurrency exchanges, brokers, banks and other financial institutions across the world to prevent illicit activity and provide secure and trusted services.

Pavel Matveev, CEO and Co-Founder at Wirex said:

“We have entered a new age in which conventional regulated financial frameworks and the new token economy must coexist. By uniting the existing and future financial ecosystem, Wirex occupies a unique position in the industry – we believe it is our duty to deliver innovation and choice to our customers whilst ensuring the security of their money and data. We are delighted to work with Elliptic and contribute to creating a safer environment for all.”

James Smith, CEO & Co-Founder of Elliptic said:

“The cryptocurrency community continues to work collaboratively with innovative approaches to strengthen security across the industry. Our new working arrangement with Wirex will play a significant role in helping cryptocurrency become more trusted and commonplace. This enhanced partnership is yet another milestone for companies working together with this shared purpose.”

About Elliptic:

Elliptic’s co-founders are driven by a belief that cryptocurrencies will play a vital role in building an open financial system, and that it will transform the way that people do business.

To ensure that these opportunities can be explored to their fullest, illicit activity in cryptocurrencies must be identified to prevent criminals from undermining the trust that is so essential to any system. This is Elliptic’s focus, and the firm brings trust to the industry by enabling businesses to prevent criminal activity and provide safer services. Solving this problem is not just innovative; it is fundamental. It is our contribution to the continued growth and transformative power of the cryptocurrency ecosystem.

Elliptic is the global standard for delivering safe and trusted cryptocurrency services. To learn more, visit www.elliptic.co and follow us on LinkedIn and Twitter.

About Wirex:

Wirex Limited is a UK-based, FCA-regulated digital payment platform. It offers consumers and businesses crypto and traditional currencies accounts for domestic and international payments. Wirex launched the world’s first Visa card that allows users to convert and spend cryptocurrencies wherever Visa is accepted. The company now supports 9 cryptocurrencies and 10 traditional currencies, boasts over 2 million users and has processed more than US$ 2bn of transactions.

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Japan Eyes Cryptocurrencies as it Toughens Money Laundering Laws

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Last year authorities arrived at cryptocurrency exchange operator FSHO’s one-room office in a Yokohama business district for an on-site inspection. They discovered multiple suspicious transactions.

The company had overlooked numerous transactions over a short period of time in which the same client converted large amounts of digital currency to cash, a person familiar with the investigation said. Japan’s financial regulator, fearing that the funds had found their way to illicit actors, later declined the operator’s bid to become a registered exchange, the first such rejection.

The Financial Services Agency is stepping up its countermeasures for money laundering, and that includes taking a hard look at cryptocurrency exchanges. Japan’s anti-money laundering regime will undergo an inspection by an intergovernmental body this fall, and the FSA is eager for a good review.

The issue is also expected to be taken up at the G-20 meeting this summer. As the chair of this year’s gathering, Japan does not want to fall behind other countries in implementing policies.

To ensure the country’s financial security framework is in working order, the FSA is taking aim at cryptocurrency exchanges that do not adequately confirm their clients’ identities or offer anonymous transactions, as well as at banks and other traditional financial institutions.

It has been 10 years since the birth of bitcoin, and during that time the digital currency’s value has fluctuated wildly. Security remains an issue. Last May hackers stole $41 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges.

Now there are more than 2,000 cryptocurrencies. They have drawn acclaim as a next generation payments solution, thanks to the conveniences they offer, like remitting money across national borders without going through banks. But that ease of use means they can be used for illegal transactions and money laundering.

A panel of experts in March reported to the U.N. Security Council that North Korea used cyberattacks and blockchain technology to steal digital currency. They estimated that North Korea has successfully attacked Asian cryptocurrency exchanges at least five times, acquiring $571 million.

“Cyberattacks involving cryptocurrencies provide the Democratic People’s Republic of Korea with more ways to evade sanctions given that they are harder to trace, can be laundered many times and are independent from government regulation,” the panel wrote.

In April 2017, Japan became the first to introduce a registration system for cryptocurrency exchanges. Until then, there were no real rules governing exchange operators, but the government started putting regulations in place to combat money laundering.

Such countermeasures are a topic of global discussion. They are now under the purview of the Financial Action Task Force, a product of the 1989 G-7 summit. The intergovernmental FATF has a strong influence on the development of regulations and practical implementation of money laundering measures.

In October, its rules were changed such that money laundering regulations could also be applied to cryptocurrency exchanges. The change also called on member countries to develop licensing and registration systems, and to put in place measures that allow for monitoring.

The FATF’s investigatory body will come to Japan this fall to assess domestic money laundering laws. It is expected to look at cryptocurrency exchange operators, banks and credit unions, according to a senior FSA official, so there is a pressing need to develop countermeasures.

Exchange companies are being asked to clearly explain what steps they are taking to prevent money laundering.

In Japan, exchanges came under the microscope after the theft of about 58 billion yen worth of cryptocurrency from Coincheck in January 2018. In June of that year the FSA took the unusual step of issuing business improvement orders to six other operators, citing insufficient money laundering countermeasures and other practices. In some cases, identity verification was insufficient, and clients were allowed to register post office boxes as personal addresses.

Japan has, at times, struggled to deal with money laundering. In its 2008 report, the FATF gave Japan its lowest possible rating in regard to financial institutions identifying their clients. In its statement, the group singled out Japan as having an insufficient legal framework.

For the FSA, the inspection this fall is a chance to expunge that blemish. “One company’s problem can’t help but affect the whole country’s evaluation,” said an official. “We’ll continue with the on-site inspections, and we’ll make sure everything is sound.”

Ahead of the inspection, the G-20 next month is expected to discuss international regulations for cryptocurrencies. Japan will chair the G-20 summit in Osaka. The topic of initial coin offerings, a form of fundraising using digital currencies, could come up. While China and South Korea have banned ICOs, Japan continues to regulate the schemes.

Already, cryptocurrency exchanges are relocating to countries with looser regulations, like the Mediterranean country of Malta.

As the global cryptocurrency playing field shifts, the need for international coordination will only grow.

Source: asia.nikkei.com

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Dutch Bank ABN AMRO to Launch Forcefield

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Oracle

Together with top commodity industry players and financial institutions, ABN AMRO is exploring the options to launch Forcefield. This is a digital blockchain platform that can provide real-time insight into trade inventories.

The platform can communicate with physical trade inventories through the Internet of Things, sensors and Near Field Communication chips. As a result, the inventories, which are often collateral for loans, can be monitored very effectively, which will lead to more secure physical handling processes and a reduction of costs.

Karin Kersten, Managing Director of Trade & Commodity Finance: “ABN AMRO is a global player in commodities financing. We are very happy to be among the companies behind Forcefield. This will strengthen the entire commodity trading supply chain. Parties involved will benefit from more effective controls, greater efficiency, transparency and traceability.”

Besides ABN AMRO, Accenture, Anglo American, CMST International, Hartree Partners, ING Bank, Macquarie, Mercuria and OCBC Bank are among the parties that have so far signed up to the Memorandum of Understanding (MOU) to launch Forcefield.

Forcefield has been funded and developed for the past 12 months as a stand-alone product moving through the successful proof of concept phase with Accenture as the technology provider. Following several cycles of development, Forcefield formed as an independent company to finalise the platform deployment and operate as a market utility. The system will initially focus on refined metals, but functionality will be expanded across other dry bulk commodities. Forcefield will be open and inclusive to all market participants in order to drive mass adoption.

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USDC Reserve Attestation Report

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Circle released the latest attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of April 30, 2019 at 11:59 PM Pacific Time:

  • USD Coin (“USDC”) tokens issued and outstanding = 293,184,174 USDC
  • US Dollars held in custody accounts = $293,351,374
  • As of the Report Date and Time, the issued and outstanding USDC tokens do not exceed the balance of the US Dollars held in custody accounts

 

You can read the full report here. Grant Thornton LLP will provide USDC attestation reports on Circle’s USDC reserves on a monthly basis.

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Crypto Exchange Goxtrade Caught Using Other People’s Photos on its Staff Page

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Alleged cryptocurrency exchange Goxtrade bills itself as a “trusted platform for trading bitcoins,” but its staff page is filled with photos of people pulled seemingly at random from the internet.

The alleged exchange, which claimed to debut in 2017 yet its website is only a little more than a week old, used photos taken from social media profiles and other company websites not associated with the company.

Bizarrely, the alleged exchange didn’t bother to change all of the names of the people whose photos it used.

Amber Baldet, co-founder of Clovyr, a prominent figure in the blockchain community, and listed in Fortune’s 40 Under 40, was one of the people whose name and photos appeared on the site.

“Fraud alert: I am not a developer at Goxtrade and probably their entire business is a lie,” she tweeted Friday.

Goxtrade claims to be an exchange that lets users “receive, send and trade cryptocurrency.” After we created an account and signed in, it’s not clear if the site even works. But the online chat room has hundreds of messages of users trying to trade their cryptocurrencies. The site’s name appears to associate closely with Mt. Gox, a failed cryptocurrency exchange that collapsed after it was hacked. At its 2014 peak, the exchange handled more than 70% of all bitcoin transactions. More than $450 million in bitcoins were stolen in the apparent breach.

TechCrunch has confirmed the other photos on the site belong to other people seemingly chosen at random — including a claims specialist in Illinois, a lawyer in Germany and an operations manager in Melbourne.

Another person whose photo was used without permission is Tom Blomfield, chief executive of digital bank Monzo. In a tweet, Blomfield — who was listed on the alleged exchange as “Arnold Blomfield” — said his legal team has filed complaints with the site’s hosts.

Goxtrade lists its registered address as Heron Tower, one of the new skyscrapers in London. We checked the listings and there’s no company listed in the building of the same name. There’s also no mention of Goxtrade in the U.K.’s registry of companies and businesses. When we checked its listed registered number per its terms and conditions page, the listing points to an entirely unrelated clothing company in Birmingham that dissolved two years ago.

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