The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Police Bust Bitcoiner in Suspected Crypto Scheme, Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron, VeChain, NEO

by Daily Hodl Staff
April 29, 2019
in Altcoins

From a Bitcoin mining bust in Brazil to a new atomic swap, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Police officers in Rio Grande do Sul, Brazil, discovered a 25-machine Bitcoin mining operation in a home being occupied by a convicted criminal. Local news outlets report that the equipment has an estimated value of R$ 250,000, worth roughly $63,000.

Authorities made the discovery while searching for a drug trafficking suspect. Although the mining operation itself is not illegal, investigators believe the equipment was smuggled into the country from China and that the home in question, which contained an unmarked pistol and cloned license plates, may be the site of a crypto-money laundering operation for drug dealers.

Cryptocurrency adoption in Brazil is high. A leading supermarket chain in Rio de Janeiro, Oasis Supermercados, started accepting crypto last December, including Bitcoin, Bitcoin Cash and Litecoin. Brazil also currently holds the record for the highest 24-hour Bitcoin trading volume in Latin America.

Police report that the illegal Bitcoin operation they uncovered was the first of its kind in Rio Grande do Sul.

Ethereum and NEO

Decentralized exchange Switcheo launched atomic swaps on the Ethereum and NEO blockchains. Switcheo’s atomic swaps allow clients to perform cross-chain transactions with unknown counter-parties without relying on any third party for settlement.

Switcheo vice president of engineering John Wong says,

“[Switcheo] spent a large portion of development time simplifying the process for users. By combining Atomic Swaps with an algorithmic market making backend, we are able to provide consistent liquidity in a trustless and speedy fashion, regardless of users’ knowledge level.’’

The exchange is the first to implement ETH and NEO cross-chain transactions.

Ripple and XRP

Appearing on a panel discussion called “The Road Ahead: The Future of Distributed Ledgers” hosted by the British Blockchain Association, Marjan Delatinne, global head of banking at Ripple and former head of business development at SWIFT, says that the financial industry understands the value of blockchain. But it needs to understand the position of crypto in the broader monetary system.

“When you are talking about the blockchain, you are talking as well around crypto. The story of crypto is a bit different. I think 2017 probably was the crypto party. 2018 was the crypto correction and I think 2019 will be the same trend. As long as we don’t have a global consensus about regulation – how this is going to be regulated – there will be a correction as well.”

“What is important is that the banks should understand that we don’t want to replace them, because they are part of this economy – an important and vital part of this economy. And I think as soon as they understand that the technology is not there to replace them or even crypto assets are not there to replace fiat currencies, I think they’ll feel much more comfortable about adoption.”

Litecoin

A new episode of The Lite Podcast is out. This edition covers a discussion with Lightning App developer Carla Kirk-Cohen and the beta testing of Lightning at South African exchange Luno.

Stellar

Wirex co-founder Pavel Matveev says the company’s plan to launch 26 stablecoins on the Stellar network is an effort to support mass adoption of digital assets.

In an interview with Forbes, Matveev explains,

“Joining forces with Stellar makes perfect sense for us. Both companies share the greater goal of encouraging the mass adoption of digital currencies and transforming the way people make payments.”

Tron

A new Tron-based game, Dragon Castle (DC), has launched on TRONArcade.

The game invites players to use TRX to defeat monsters in order to gain rewards in TRX and DC tokens.

https://twitter.com/TRONArcade/status/1121639497614020608

Dragon Castle is the debut DAapp game from SkyPeople, a South Korean gaming company.

VeChain

During the 2019 VeChain Summit, Deloitte announced that it will be using the VeChain Thor blockchain for developing future blockchain solutions.

This is the second of the “Big Four” accounting giants to partner with the Singapore-based blockchain startup. PricewaterhouseCoopers began working with VeChain last year after purchasing a stake in the company.

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Binance Alpha Is Changing the Web 3.0 Game
    May 16, 2025
  • NEXPACE Launches MapleStory N and NXPC Token, Charting a New Chapter for MapleStory Universe
    May 15, 2025
  • GSR Invests in Maverix Securities To Support the Launch of Regulated Digital Asset Structured Products
    May 15, 2025
  • Sportsbet.io Launches One Million USDT Giveaway To Mark Champions League Finale
    May 15, 2025
  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,739.33
$105,739.33
2.44%
Ethereum
$2,568.00
$2,568.00
3.96%
BNB
$654.07
$654.07
2.08%
Solana
$175.46
$175.46
5.91%
XRP
$2.43
$2.43
4.4%

Spotlight

  • Crypto Analyst Says 2025 Will Be the Year Bitcoin Hits Bull Market Peak, Unveils Upside Price Targets for BTC
    May 11, 2025
  • Eight Arrested in Multi-State Bank Fraud Conspiracy That Caused Over $1,500,000 in Losses: DOJ
    May 11, 2025
  • Asset Management Giant BlackRock Held Meeting With SEC To Discuss Crypto Staking, Tokenization and More
    May 11, 2025
  • Brian Armstrong Says Coinbase Considered Putting 80% of Balance Sheet to Crypto, but Decided Against It: Report
    May 11, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl