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A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
The Federal Bureau of Investigation has reportedly revealed that it is working on 130 cryptocurrency-related investigations, citing an increase in illegal activity facilitated by crypto payments. These cases “encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FBI’s 130 Crypto-Related Cases The … Read more
The U.S. House of Representatives has unanimously passed a bill to help prevent the illicit use of cryptocurrencies, including bitcoin, dash, zcash, and monero. This bill follows a testimony by the Secret Service asking Congress for help stopping these activities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space H.R. 6069 Bill Passed The U.S. … Read more
US authorities have revealed that their agents had been operating undercover on the Darknet for the past year. The massive operation uncovered the true identity of over fifty vendors on sites such as Silk Road, Alpha Bay, Hansa, Dream, and more. Over 35 people have already been arrested and goods worth over $23.6 million have been … Read more
While everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues. Companies in the industry are now putting former regulators on their payroll, as is common for Wall Street mega banks, government-supported telecom … Read more
Cryptocurrency markets have had a rough week over the last seven days as many digital assets lost quite a bit of value most had gained two weeks prior. Currently, markets are seemingly consolidating and have remained somewhat stable over the last 24-hours. At the moment Bitcoin Core (BTC) values have been hovering around $7,470-7,560 during … Read more
The US Department of Justice has launched an investigation into possible crypto price manipulation by crypto traders, reports Bloomberg. Quoting four people familiar with the situation, the report indicates that the DOJ’s prosecutors are working in partnership with the Commodity and Futures Trading Commission to probe the matter. The DOJ believes that digital currencies are highly … Read more
Have you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of … Read more
A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards. Also read: Yahoo! Japan … Read more
The Clarifying Lawful Overseas Use of Data (CLOUD) Act just passed – almost in secret – tucked deep inside a voluminous spending package of well over a trillion dollars. No debate. No up or down vote on the merits of CLOUD. Instead, lawmakers would have had to reject the entire bill, thousands of pages, and … Read more
