$467K In Crypto Seized As Spain Cracks Down On Illegal Piracy Platform

Spanish police have seized six bitcoin mines that were allegedly in use by a criminal network involved in the illegal distribution of pay-TV channels in Spain. A joint investigation by the Spanish National Police and Tax Authorities with the support of Europol and local German police saw the crackdown of a criminal network making proceeds from the illegal distribution of pay-TV channels in Spain, Reuters reported. The bitcoin mines were put together to launder the proceeds of the illegal pay-TV distribution scheme, allegedly. Spanish police also revealed that the mining operation was....

Federal officials recently raided a software piracy racket and seized a wide range of upscale assets, which includes a huge chunk of digital currencies Bitcoin and Litecoin. As per the available information, the alleged software counterfeiting organization - known as Technolutions - had around 105 BTC and 999 LTC, which were held by its alleged operator Rex Yang. Other items cited in aforesaid civil forfeiture included $7 million in cash, gold and silver coins, as well as expensive rings, cars and one Rolex watch. They all were seized from a number of companies located in Maryland,....

Ever since the Internet became a mainstream tool, one of the main concerns has been how users would be able to get content through illegal means. Piracy is a daily occurrence in the Internet world, regardless of whether the media in question is a book, tv show, movie, or audio track. The Authors Guild is calling for a major revamp of the copyright law to help combat this perceived problem. Whether or not the US Copyright Law needs a massive overhaul has been a topic of debate for quite some time. Ever since the inception of the Internet, the playing field has drastically changed, whereas....

As the United States crypto administration gradually shifts to a more favorable stance, US authorities have begun releasing previously seized Chinese-made cryptocurrency mining equipment. These machines which happens to be vital for the blockchain infrastructure, had been held up at various ports for months, leaving thousands of units in limbo. Related Reading: US Cracks Down […]

The Spanish government agency that oversees matters of finance and taxation has issued a new ruling stating that bitcoin should be treated as an electronic payment system, a decision that could have a far-ranging impact on Spain's bitcoin economy. El Ministerio de Hacienda y Administraciones Públicas issued the ruling in response to questions from Coinffeine, a Spain-based, open-source bitcoin exchange platform. Abanlex, the company's law firm, had previously reached out to both El Ministerio de Hacienda and the country's Congress seeking clarity on two issues in April. With its response,....