Tagbitinstant

Judge Deals Setback to Winklevoss Quest to Reclaim $32 Million in 'Stolen' Bitcoin

winklevoss bitcoin

Bitcoin pioneer Charlie Shrem saw his assets unfrozen yesterday, dealing a major setback to Gemini founders Cameron and Tyler Winklevoss' quest to reclaim more than $30 million worth of crypto funds they allege Shrem stole from them more than five years ago. Recent Developments BitInstant founder Charlie Shrem has seen recent headway in his defense against the Winklevoss twins, seeing his assets...

Bitcoin Billionaires Winklevoss Twins Sue Crypto Pioneer Charlie Shrem

Cameron and Tyler Winklevoss Cryptocurrency Exchange Gemini bitcoin crypto

Cameron and Tyler Winklevoss, the “first bitcoin billionaires” and the founders of cryptocurrency exchange Gemini, have reportedly filed a lawsuit against crypto pioneer Charlie Shrem. Shrem, the 28-year-old Bitinstant founder who served time in federal prison for knowingly selling bitcoins to people who said that they wanted to use the funds to purchase drugs on now-defunct dark web marketplace...

'New Crypto Investors Should Ignore Volatility, Hold for Five Years': Charlie Shrem

Charlie Shrem Cryptocurrency

Bitcoin advocate Charlie Shrem has said that new crypto investors should not be spooked by the volatility of the asset class, but should rather select a token near the top end of the market and adopt a long term investment position. "Learn and Have Fun With It" Speaking to Yahoo Finance at the MoneyShow Conference in San Francisco on Thursday August 23, Shrem advised against excessive exposure to...

Bitcoiner Charlie Shrem is Working on a Prepaid Dash Debit Card

Charlie Shrem.

Charlie Shrem was among the first who started to turn more focus on bitcoin when he founded BitInstant in 2011. Since the entrepreneur was doing business while a bitcoin was only worth a few dollars, not $2,600, his firm became on of the biggest on the market. According to Fortune's profile, Shrem handled approximately one-third of all bitcoin transactions at a time. “You talk to 10 people,”...

What Did Charlie Shrem Learn In Prison? The Value Of Mackerel

Did prison teach Charlie Shrem anything? In a recent NPR interview with NPR’s Keith Romer, Shrem’s time in jail honed his fascination for how people buy things, a focus that has served him well throughout his diverse though occasionally jaded career. Shrem was processing more than a million dollars a day allowing people to trade dollars for bitcoins through his company, BitInstant. One of his...

Bitcoin Evangelist Charlie Shrem Released from Prison

Bitcoin advocate and entrepreneur Charlie Shrem, the founder of bitcoin exchange BitInstant who was arrested in arrested and convicted in 2014 and held in a high-security federal prison camp since March 2015 has now been released from imprisonment. Bitcoin entrepreneur Charlie Shrem, the former vice chairman of the Bitcoin Foundation and founder and CEO of bitcoin exchange BitInstant has been...

Charlie Shrem Formally Indicted Following Unsuccessful Plea Bargaining

Charlie Shrem Formally Indicted for Money Laundering

Three months ago, Charlie Shrem, the former Vice Chairman of the Bitcoin Foundation and CEO of the now-defunct BitInstant, was arrested in New York on charges of money laundering and acting as an unlicensed money transmitter. The allegations against Shrem were that he laundered over $1 million in bitcoins for users of Silk Road - the illegal online drug marketplace that was shut down by the FBI...

Chase Adds New Restrictions on Cash Deposits, Doesn't Get Arrested

Chase Bitcoin

One of the key aspects of the Charlie Shrem and BTCKing money laundering case is that anonymous individuals were able to go to various banks around the United States and make deposits of less than $1,000 to bank accounts owned by BitInstant. BitInstant was not required to collect information on people who wanted to buy less than $1,000 worth of bitcoins per day, and the banks allowed anonymous...

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