Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto...
The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed that authorities in Sofia are now exploring options to implement a crypto payment mechanism. Finance Ministry of Bulgaria Has No Information About Alleged Bitcoin Stash The mystery surrounding the 213,576 bitcoins believed to have been seized by Bulgaria has entertained the global crypto community....
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Let’s listen to “The Missing Cryptoqueen” podcast together from the very beginning, as the new episodes arrive. This second one presents new facets of Dr. Ruja’s story and amplifies the scope of the podcast. Good news, “The Missing Cryptoqueen” might be even more interesting than we previously believed. As BBC presenter Jamie Bartlett puts it, “we thought we were looking for a missing billionaire, but now we seem to be entering a world that’s far murkier than we thought.” Related Reading: Ep01- Dr. Ruja – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast NewsBTC’s “The....
Mt gox's announcement, yesterday, that it had 'Discovered' an old format wallet containing almost twenty-five percent of the missing bitcoins is being viewed as highly suspect. The bankrupt exchange has found the missing coins at a time when many are paying careful attention to blockchain transactions. Indeed I wrote on this myself on March 9th in an article entitled “$113 Million of missing bitcoins may be moving through blockchain.” Mt gox has announced that they immediately informed the relevant authorities of the substantial recovery, however, one man isn’t quite buying their story.....
The joint Japanese and American government investigation into the whereabouts of supposedly stolen Mt. Gox bitcoins has announced a key discovery. The Japan News, Japan's largest English language newspaper, is reporting that fraud is the cause of the "disappearance of 99% of Mt. Gox bitcoins." According to sources in the Metropolitan Police Department (MPD), only about 7,000 Gox bitcoins were lost due to cyber-attacks. The remaining 99% of the missing 650,000 bitcoins is "highly suspected" of disappearing during a period when Mt. Gox was being fraudulently run by an unknown party. Also....
Many fintech startups and established companies are now looking for a new home across Europe due to Brexit. Bulgaria is shaping up to be the top destination for many of them, including crypto, blockchain and licensed electronic money institutions, as proven by leading firms such as SM Digital Holding and Wallex. Meet the Next Blockchain Industry Hub Bulgaria is known for having a good track record with the fintech ecosystem, and for being very competitive destination for money licensed institutions due to its supportive regulations and its good standpoint within Europe. The country is now....
The Mt Gox announcement on February 10th, of this year, that 'Hackers' had stolen some 850,000 bitcoins, simply does not add up. Of the 850,000 bitcoins that Mt Gox claims to have lost, some 750,000, or 88%, belonged to customers. On the day the bitcoins were announced to be missing, the price of an individual bitcoin was $827, therefore, the total value of the loss in fiat was estimated to be over $700 million. This is an incredible quantity of bitcoins to lose, however, luckily enough, Mt Gox had an explanation. The missing bitcoins had been taken by 'hackers' that had cynically....