Digest, March 30: Reddit No Longer Accepts BTC, Spanish Police Arrested Hacker
Reddit No Longer Accepts Bitcoin Payments
A popular discussion medium and social platform - Reddit has recently confirmed that it will not accept bitcoin payments for obtaining a premium membership. The platform may have disabled this option because of the change in Coin base payment construction. High transaction fees are considered to have been a possible reason for Reddit withdrawing blockchain based bitcoin payment support.
Spanish Police Arrested Hacker Who Stole $1 Billion Using Cryptocurrency
A cybercrime gang leader, involved in stealing upward of $1.2 billion, has been arrested in Alicante, Spain. The criminal group led by Denis K. invaded remotely into bank systems in order to change the state of owners accounts, making major transactions, or to change the balance of deposits opened by its members. The stolen money they converted into digital currency.