Huobi to Consider Bitcoin ABC as BCH

Number of other exchanges including Kraken, BitPay, Bitstamp, Coinbase, Bithumb, Upbit and Bittrex made the same decision as Huobi
19 November 2018   1084

Huobi Global considers the longer Bitcoin ABC chain as a “real” Bitcoin Cash with a BCH ticker.

At the same time, the competing implementation of Bitcoin SV will be traded under the BSV ticker. Trading in this asset together with Bitcoin will start today, November 18th. The possibility of depositing BSV will appear on November 20. The resumption of the possibility of I / O BCH will appear a day earlier, on November 19.

The company also reported that the Bitcoin Cash ABC team created a so-called control point to avoid re-spending.

Huobi will also add BSV coins to the BCH holders in a 1: 1 ratio based on network snapshot made on November 16 at 00:40 (GMT + 8).

Note that a number of other major exchanges and cryptocurrency processings, including Kraken, BitPay, Bitstamp, Coinbase, Bithumb, Upbit and Bittrex made the same decision as Huobi.

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   260

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.