US Arms Dealer Allegedly Used Bitcoin for Purchases
A Michigan man has been indicted for allegedly using bitcoin to buy and sell illegal gun components on the dark web. Benjamin James Cance, from Plainwell, is facing charges for shipping illegal arms, possession of an unregistered machine gun and money laundering. Cance appeared before Magistrate Judge Phillip J Green yesterday and pleaded not guilty. He has since been released on bond and is awaiting trial, although no official date has been set. International arms shipment is punishable by up to 20 years in prison, whereas the maximum penalty for money laundering and possession of a....
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Benjamin James Cance, who has been charged for shipping illegal arms, possession of an unregistered weapon, and money laundering, allegedly used bitcoin to facilitate transactions. Bitcoin payments are typically untraceable, as the verification process is done by a network of computers solving complex algorithms to update the distributed public ledger called blockchain. This isn't the first time that the cryptocurrency has been involved in illegal dealings, as it has been the currency of choice in the now-defunct Silk Road or underground marketplace in the Dark Net. Bitcoin for Illegal....
Here’s what investors may want to know about the just-announced Barrett-Digital Arms NFT licensing partnership deal. Murfreesboro, TN- Barrett Firearms Manufacturing Inc. (”Barrett”) announced it has entered a long-term exclusive licensing agreement with Digital Arms to design, develop, and market Barrett-branded non-fungible tokens (NFTs). Digital Arms is bringing an NFT trading platform to the firearm, […]
Evan Ratliff, the author of the book The Mastermind, shares his research on Paul Le Roux, who he believes could be the man behind Bitcoin. Ratliff has pieced together the evidence but admits he fits a story into a narrative, conceding that Satoshi Nakamoto is probably someone else entirely. The mystery surrounding Satoshi Nakamoto is […]
On this episode of the “Bitcoin Magazine Podcast,” Ragnar Lifthrasir discussed his upcoming event, Bear Arms N' Bitcoin.
A cannabis dealer has forfeited bitcoins worth about $3 million after they were seized by the Irish Criminal Assets Bureau. However, a bigger stash of 6,000 bitcoins belonging to him, worth about $200 million at the current price, are still inaccessible to the bureau. Irish Authority Sold Seized Bitcoin Cannabis dealer Clifton Collins has forfeited bitcoins worth about $3 million that were previously seized by Ireland’s Criminal Assets Bureau (CAB), the Sunday World reported last week. Collins reportedly has two bitcoin stashes. He consented to the confiscation of the first, smaller....