Bitcoin stock exchange creator apprehended on charges consisting of scams

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A founder of a defunct bitcoin stock exchange has been arrested after the U.S. Securities and Exchange Commission filed fraud charges against him Wednesday. Jon E. Montroll, the operator of a bitcoin stock exchange called BitFunder that operated between 2012 and 2013, is alleged to have defrauded exchange users by misappropriating their bitcoins and failing to disclose a cyberattack on the platform that led to the theft of more than 6,000 bitcoins. The SEC filing alleges that in addition to the fraud allegations, Montroll operated an unregistered securities exchange and made false and misleading statements in connection with an unregistered offering of securities. “Platforms that engage in the activity of a national securities exchange, regardless of whether that activity involves digital assets, tokens, or coins, must register with the SEC or operate pursuant to an exemption,” SEC director Marc Berger said in a statement. The history of BitFunder, which was obscure even back in bitcoin’s early days, is clouded with time. A snapshot from April 2013 shows a site that pitches itself as a “bitcoin fund raiser and trader.” The site offered services such as share trading and a way for users to “buy a dividend paying asset share” with dividend payouts that “are automatically …

Bitcoin Money (BCH) and Litecoin (LTC) Plummet

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CoinMarketCap After trading in the$1,500 range for a few hours, Bitcoin Money beginning reducing fast and is now almost at it ‘s lowest point yet in the last 24 hours.The most likely reason behind BCH’s abrupt drop off is probably due to the truth that Bitcoin transaction costs have dropped below those of Bitcoin Cash.One of the significant benefits of changing to Bitcoin’s fork BCH is that Bitcoin Money did have much lower deals charges. Now that that’s no longer the case, many traders seem relying on the initial crypto. > >< a href=https://cryptocurrencynews.com/daily-news/altcoins/crypto-olympics-bitcoin-btc-vs-vechain-ven/ > Crypto Olympics Day 12– Bitcoin vs VeChain This low point of Bitcoin deal costs may connect into why numerous of the coins are down today. Individuals want to make the most of that BTC transactions fees are at the most affordable they have actually been in 6 months.Litecoin(LTC)Litecoin is in a comparable boat as Bitcoin Cash– and that boat is sinking quick. Litecoin is presently costing$ 211.92, putting it down 14.05% in the previous 24 hours.< img src=https://cryptocurrencynews.com/wp-content/uploads/sites/3/2018/02/Litecoin-4-e1519237494940.png alt width=777 height=412 > Source:< a href=https://coinmarketcap.com/currencies/litecoin/ target =_ blank rel=noopener > CoinMarketCap Litecoin’s declines seem somewhat stabilizing today, however who understands how long this selloff is …