Coinbase Pauses Bitcoin Cash Trading Right After Launch

BCH order books will be able on December 20th at 9:00am PST
20 December 2017   2262

Yesterday Coinbase, San Francisco-based bitcoin exchange, announced it would allow customers to buy, sell, send and receive Bitcoin Cash.

However, BCH-USD trading was disabled after four minutes it had begun due to the significant volatility. According to Coinbase, it cancelled resting orders and cleared all BCH order books in order to ensure a fair and orderly market.

Coinbase BTC BTC trading 

It is stated that BCH order books will be able on December 20th at 9:00am PST. All BCH order books will be available in post-only mode for a minimum of one hour to establish liquidity.

Recently, we have reported that Coinbase is going to implement SegWit protocol in 2018.

Dutch Authorities to Shut Down Bestmixer

The service is accused of launder over $200M worth crypto with coin "mixing" - spliting the amount and mixing it with other coins from different sources
23 May 2019   283

The Bitcoin mixing service Bestmixer was forced to cease operations after a nearly one-year investigation of money laundering charges. It is reported by Bleeping Computer.

Like other similar services, Bestmixer.io split the amount in bitcoins into smaller transactions and mixed them with transactions from other sources in order to hide their origin, and then transfers the entire amount minus the commission to the final address.

It also offered similar services with Litecoin and Bitcoin Cash.

The investigation believes that service customers could launder money through cryptocurrency.

Bestmixer offered a very clear page on why someone should mix their cryptocurrency. On this page Bestmixer described the current anti-money laundering policies and how its service could help evade these policies by making funds anonymous and untraceable. Offering such a service is considered illegal in many countries.
 

John Fokker

Head of Cyber Investigations, McAfee

Bestmixer was opened in May 2018. For the year of its existence, its turnover amounted to about 27,000 BTC (approximately $ 200 million). Fiscal Information and Investigation Service claims that a significant part of the funds passed through the mixer was obtained as a result of conducting illegal activities or was used to finance criminal gangs.

Policemen confiscated a domain and six servers in Luxembourg and the Netherlands. In addition, they got access to all transactions carried out using the service, cryptocurrency and IP-addresses, as well as messages from the chat. This information is currently transmitted to Europol.