US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes

US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes

"A U.S. man that misappropriated $601K in Bitcoin and Litecoin from his employer and lured another $545K from private investors faces 15 months in prison"

_{Read more: cointelegraph.com}

More news sources

CFTC Fines Bitcoin Trader $1.1 Million for Crypto Fraud

A bitcoin trader has been jailed and fined over $1.1 million for stealing bitcoin and litecoin, and then defrauding investors to repay the loss.

_{Read more: www.coindesk.com}

Bitcoin ABC Support Crosses 51% Threshold in Bitcoin Cash Fork

According to Coin.Dance, a reputable Bitcoin network data provider, there are about 600% more Bitcoin Cash ABC nodes than Bitcoin SV (“Satoshi Vision”) nodes. Bitcoin Cash ABC enjoys the support of three major exchanges: Bitpay, Binance, and C...

_{Read more: www.ccn.com}

Bitcoin Cash Association Bounty Spreads Merchant Adoption in Latin America

The Bitcoin Cash Association (BCA) and Spendbch.io recently started a bounty to spread bitcoin cash (BCH) merchant acceptance in several Latin American countries. On Nov. 11, the BCA announced that more than 250 new businesses in Venezuela and Colombia ar...

_{Read more: news.bitcoin.com}

CFTC Enforcement Action: $1.14 Million Penalty and 15 Months Jail Sentence for Crypto Trader

On 9 November 2018, the U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against crypto trader Joseph Kim, requiring him to pay a penalty of over $1.1 million for "a fraudulent Bitcoin and Litecoin scheme...

_{Read more: www.cryptoglobe.com}

Other hot crypto news today

• Bitcoin Accepted Here: Major US Museum Now Takes Crypto Payments
• South Korea’s Upbit to Launch Cryptocurrency Exchanges in Thailand and Indonesia
• Japanese Insurer Sompo Partners With African BTC-Enabled Remittance Service BitPesa
• IBM Says Blockchain Can Power 'Open Scientific Research' in New Patent Filing
• Swiss Crypto Firm Gets Islamic Finance Certification for Sharia-Compliant Stablecoin
• Austrian Government Supports Blockchain Cancer Research, Screening Tool
• Bitcoin Teases Bull Move After Defense of Key Price Support
• Bitcoin accepted: Great Lakes Science Center makes landmark move
• New Chinese Blockchain Alliance Plans Development of Four Finance-Oriented Platforms

_{Follow me @cryptonized for the latest cryptocurrency news...}