Ledger warns about Bitcoin Diamond scam

According to the Twitter of popular hardware wallet manufacturer, "multiple [scam] sites claim to let you collect Bitcoin Diamond"
26 December 2017   3638

The manufacturer of hardware wallets Ledger warned users about fraudulent schemes related to the hard fork of Bitcoin called Diamond (BCD). In particular, they are talking about sites that offer bitcoin holders to get BCD coins.

Bitcoin Diamond is one of the many forks of bitcoin, the creators of which announced their intention to issue a new crypto currency in November.

Details of the project, for the most part, are unknown, developers are feeding the public with vague promises to increase the speed of processing transactions, and futures for BCD traded on two dozen exchanges.

As Ledger informs, malefactors use trustfulness of bitcoin holders who technically have the right to receive equivalent balances in BCD, luring them to a lot of sites with the help of which it is supposedly possible to get a new crypto currency.

Some cryptocurrency enthusiasts even made a whole investigation regarding Bitcoin Diamond.

Bitcoin Diamond is unlike the previous forks of Bitcoin (Bitcoin Cash and Bitcoin Gold). Bitcoin Diamond is scam with huge red flags. Do not get scammed into buying Bitcoin Blood Diamonds.
 

bitcoinblooddiamond

For example, Medium blogger with nickname "bitcoinblooddiamond" reports on the lack of information about the team, no official Slack, poor Telegram channel, date of website registration (3rd November), anonymous team and other strage things. 

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   142

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.