The United States Attorney for the Southern District of New York has indicted Crypto Capital executive Oz Yosef on three criminal counts. An Oct. 23 court filing obtained by Cointelegraph confirmed that Oz Yosef has been indicted by U.S. authorities on conspiracy to commit bank fraud, bank fraud and conspiracy to operate an unlicensed money transmitting business. Crypto Capital allegedly mislead Bitfinex The filing would appear to confirm allegations from cryptocurrency exchange Bitfinex, which in a recent statement tried to establish itself as a victim of fraud regarding Crypto Capital — its former payments processor. On April 25, the New …

Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities. According to local news outlet wPolityce’s report published on Oct. 24, he is suspected of money laundering and being involved in an international drug cartel. Laundering drug cartels’ money Per the article, Molina Lee was detained on the basis of an European Arrest Warrant issued by the prosecutor's office in Wrocław. His arrest is reportedly connected to $350 million that were seized by the Polish Ministry of Justice previously. Notably, these seized funds belonged …

Tobiasz Niemiro, co-owner of now-defunct Polish cryptocurrency exchange BitMarket, has been found dead, local public radio station Radio Olsztyn reported on July 25. The local police stated that Niemiro had been found dead with a wound in his skull near his residence in the city of Olsztyn. The exact circumstances of Niemiro’s death have not yet been established. Polish political and general news-focused newspaper Gazeta Wyborcza suggested that Niemiro committed suicide. The authorities are ostensibly still working on determining the exact circumstances of Niemiro’s death. BitMarket suffered from lack of liquidity Niemiro purchased the BitMarket exchange a year after it …

Polish cryptocurrency exchange BitMarket announced its shutdown on its official website on July 8. When trying to access the exchange through its website, users are instead greeted with the following text message in both English and Polish: “Dear Users, We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” Leading cryptocurrency analytics website CoinMarketCap shows that the trading platform volume was relatively low — $850,080 in the past 24 hours. Still, it is unclear how trading is continuing while the exchange is …

Decentralized CPU power developer Golem is spinning off a new entity using funds of the original capital raised in its crowdfunding back in 2016 In a blog post on June 28, Golem Factory CEO Julian Zawistowski announced the launch of a new division called the Golem Foundation, which will purportedly allow Golem to expand its solutions and “potentially increase the value of the entire project.” The Golem Foundation intends to develop some new approaches for its Golem Network Token (GNT), Zawistowski wrote in the post, adding that the initiative includes testing some “new hypotheses,” which envisions an “even better use” …

Alior Bank, a bank based in Warsaw, Poland, is using the public Ethereum blockchain to authenticate its clients’ documents, according to a report by Forbes on June 17. According to the report, when a client at Alior receives a document, they can now verify its authenticity by following a website link to its spot on the public blockchain. This means that customers can verify that the document in question was in fact issued, in the exact wording provided, when the bank claims. The blockchain technology lead at Alior, Piotr Adamczyk, explains: “We know exactly in which block of Ethereum the …

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Mt. Gox’s Karpeles: “Press Rumors About My Blockchain Plans Are False” Mark Karpeles, the former CEO of long-defunct Japanese cryptocurrency exchange Mt. Gox, denied press claims this week that he is returning to blockchain. Karpeles said that his activities with Tristan Technologies will not involve the cryptocurrency sector, as previously reported, and that the …

Polish-British fintech firm Billon has reportedly sealed an almost €2 million (~$2.1 million) grant from European Commission’s Small and Medium-Sized Enterprises (SME) Instrument program to develop a blockchain document management system. The news was reported by Billion in a press release on May 14. The Commission’s SME Instrument program provides funding for innovation projects which are close-to-market, and has reportedly awarded Billon a grant under Phase 2 of the program — which provides enterprises with up to 70% of the costs of their proposed project. Billon’s system, dubbed B4TDM (Blockchain for Trusted Document Management), is reportedly a proprietary blockchain-powered solution …

63% of Europeans are confident that crypto will still exist in 10 years, according to new research from bitFlyer. London-based fintech publication FStech reported on the survey on April 24. Tokyo-based crypto exchange bitFlyer, which was licensed to operate in the European Union in 2018, reportedly polled 10,000 respondents in Europe to find out what they think about cryptocurrencies such as bitcoin (BTC). The exchange reportedly surveyed the following ten countries: the United Kingdom, Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland and Spain. When asked about crypto in general, the majority of Europeans claimed that they believe that crypto …

Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Japanese Cryptocurrency Exchange Zaif Hacked Of Reported 5,966 Bitcoins As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan’s Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or …

Poland’s largest bank will launch a blockchain solution for its customer documents via a partnership with UK-based Coinfirm “in the coming days,” the parties confirmed in a press release Thursday, September 20. Part of a drive to enhance security of customer data, PKO Bank Polski will use Coinfirm’s Trudatum to provide blockchain-issued paperwork to its some five million account holders. “Blockchain offers huge potential to increase competitiveness of the Polish banking sector,” Adam Marciniak, vice president of the bank’s management board commented. “This is a relatively new technology for which further applications are constantly being found worldwide.” The plans had …

Polish legislators have introduced a long-awaited new bill to clarify the current crypto taxation policy. The document was published on the country’s government site on Friday, August 24, and explained by local crypto media outlet Kryptowaluty August 25. Kryptowaluty writes that a new document has been offered for consultation, and the Polish Council of Ministers will review it in the third quarter of 2018. The previous taxation policy, which had been resisted by country’s crypto community earlier this year, was taken into account but has been slightly changed. The purpose of the bill, as stated by government, is to simplify …