Cryptocurrency and crime

William Morro, a key associate of Ruja Ignatova, has surrendered to authorities in the United States.

A well-established international cryptocurrency fraud, dismantled recently, resulted in numerous victims and significant profits for a criminal network.

A Bulgarian woman, Irina Dilkinska, has been handed a four-year prison sentence for her involvement in a large-scale fraud scheme orchestrated by the cryptocurrency company OneCoin. Damien Williams, a prosecutor in the New York court, announced the verdict.

Bitcoin hit a record high above $69,000 Tuesday, buoyed by the world's biggest cryptocurrency becoming more accessible for trading amid tightening supplies.

Bitcoin reached $69,191.94, beating a record $68,991 struck in November 2021.

The volatile asset later retreated to $65,129.

Bitcoin spiked above $50,000 yesterday for the first time in more than two years as investors grow optimistic that U.S. approval of broader trading in the unit will ramp up demand.

A German court in Münster has delivered a verdict against key accomplices involved in the notorious OneCoin cryptocurrency scam. The case implicated spouses Frank R. and Manon H., along with a Munich-based lawyer, for defrauding millions of customers across Europe, resulting in damages nearing a staggering 3 billion euros.

Cryptocurrencies have become increasingly popular around the world in recent years, and in Bulgaria, it turns out, there is already a store where you can shop for basic necessities and pay with bitcoins.

A top EU financial regulator has renewed calls for a bloc-wide "ban" on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to crypto mining.

The information denied 5 years ago by Ivan Geshev - then only the head of the special prosecutor's office, that Bulgaria "arrested" over 200,000 bitcoins in 2017, appeared in the latest report of one of the largest cryptocurrencies in the world - Kraken.

The idea of money has come a long way and has played a part in the development of human history for at least 3,000 years. Humans have moved from the barter system to coins and paper money. Cryptocurrencies are sort of the latest evolution of money and many are starting to catch on.