The UK's first bitcoin heist took place in January last year, when armed robbers broke into the home of cryptocurrency trader Danny Aston in Moulsford, South Oxfordshire. Mr Aston was tied up. Jan 27, · The target of the robbery on Monday morning was a trader in the Oxfordshire village of Moulsford, where several episodes of Midsomer Murders have been filmed. Bitcoin is . Jan 28, · The masked robbers burst into the home in Moulsford, Oxfordshire, tied up the man’s wife, put the couple’s baby outside in a pram and forced the man to give them his bitcoin. It Author: Matt Drake.
Oxford bitcoin robberyVictims of Britain's first Bitcoin heist are hiding | Daily Mail Online
However, a downside to such attention is that criminals now see physically stealing Bitcoin or money used to buy crypto as a viable way to make money. A family in the UK found this out the hard way when four armed men broke into their home and forced the husband to transfer his bitcoins.
The criminals broke into the home belonging to a cryptocurrency trader and his family. The criminals were armed with handguns and wearing balaclavas. The exact amount that was stolen has not been disclosed. The criminals then fled, and the police manhunt began immediately after.
A police helicopter was used in an effort to locate the hoodlums, but to no avail. Nearby schools were put on lockdown. Police are asking for any camera footage that shows four suspicious males in the area during the early morning hours. One woman apparently saw the criminals. She describes :. I saw four young men in black tracksuits with the hoods pulled up, crossing the road to the property where it took place.
They were aged 18 to 25, dark-skinned and super-fit. They jumped over the fence on the other side of the road. Fortunately, no one in the family was injured during the Bitcoin robbery. Naturally, this is ludicrous as the blockchain is pure transparency. Of course, hard facts do little to hinder media speculation on Bitcoin and illegal activities.
While the rise of cryptocurrencies is tremendous, there is a dark side. There has been a kidnapping and multiple accounts of robberies over the last month or so. Sadly, such instances are likely to continue as long as cryptocurrencies continue to gain in value.
Are you worried about the seeming rise of Bitcoin robberies? Dr Craig Wright was suspected as the creator following a report by Wired last year and he has now confirmed his identity as the cryptocurrency's founder.
What's a bitcoin worth? Like any other currency, Bitcoins are only worth as much as you and your counterpart want them to be. Bitcoins are lines of computer code that are digitally signed each time they travel from one owner to the next.
Physical coin used as an illustration. In its early days, boosters swapped Bitcoins back and forth for minor favours or just as a game. One website even gave them away for free.
As the market matured, the value of each Bitcoin grew. Is the currency widely used? Businesses ranging from blogging platform Wordpress to retailer Overstock have jumped on the Bitcoin bandwagon amid a flurry of media coverage, but it's not clear whether the currency has really taken off. On the one hand, leading Bitcoin payment processor BitPay works with more than 20, businesses - roughly five times more than it did last year.
On the other, the total number of Bitcoin transactions has stayed roughly constant at between 60, and 70, per day over the same period, according to Bitcoin wallet site blockchain. Is Bitcoin particularly vulnerable to counterfeiting?
The Bitcoin network works by harnessing individuals' greed for the collective good. A network of tech-savvy users called miners keep the system honest by pouring their computing power into a blockchain, a global running tally of every bitcoin transaction. The blockchain prevents rogues from spending the same bitcoin twice, and the miners are rewarded for their efforts by being gifted with the occasional Bitcoin.
As long as miners keep the blockchain secure, counterfeiting shouldn't be an issue. Bitcoin is favoured by criminals because it cannot be tracked by government officials, making it extremely difficult to track down the raiders.
It exists only in cyberspace and can be exchanged anonymously at the click of a mouse and then exchanged for normal money. Horrified staff and children were locked inside a nearby independent school, Cranford House, as police deployed a helicopter to track the suspects while detectives quizzed locals and trawled through their bins for clues.
They jumped over the fence on the other side of the road. For something like this to happen here is terrifying. Crypto-currency experts said the growing attention around Bitcoin could encourage other criminals to use similar tactics. Trying to exchange large amounts for normal money without alerting suspicion will be very difficult. Argos AO. Share this article Share. Where do Bitcoins come from? People create Bitcoins through mining. Share or comment on this article: Victims of Britain's first Bitcoin heist are hiding e-mail Most watched News videos TV bosses set to be 'punished' after Putin was 'beheaded' on screen Hilarious moment kitten tries to fight with uninterested toddler Lorraine left in hysterics after viewing picture of Jonathan Bailey Commuters crowd West Ham station morning after lockdown Prince Albert and Princess Charlene appear together in NY video Sturgeon warns Trump playing golf in Scotland is 'non essential' 'You clown!
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