21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering
A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin.
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Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release
A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its efforts to secure Binance compliance head Tigran Gambaryan’s release from a Nigerian prison, Axios reported Thursday evening.The letter, reportedly spearheaded by investor and Coinbase board member

Bitcoin at $26.4K Set for Weekly Gain, but Rallies Might Continue to be Sold
The price of bitcoin (BTC) is modestly lower during U.S. trading hours on Friday, but at its current $26,300 is ahead about 2% from week-ago levels.The crypto began the week with sizable losses, dipping below $25,000 for the first time since mid-June over worry bankrupt crypto exchange FTX was soon to begin unloading all of

QuadrigaCX Judge Approves $1.6 Million in Expenses for EY, Law Firms
news A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis…

Bitcoin Back Above $67K as Memecoins Push up SOL and AVAX
Bitcoin has rebounded above $67K amid pre-FOMC volatility and investor confidence in buying the dip, despite macroeconomic concerns.Memecoins surge, driving the sector's market cap over $55 billionBitcoin {{{BTC}}} changed hands at around $67,800 during Monday's Asian trading hours, as pre-Federal Open Market Committee (FOMC) volatility worked its way through the crypto market, moving major digital

Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
The largest stablecoins are all pegged to the U.S. dollar, while those linked to other currencies are comparatively small. The central bank's licensing framework for dirham stablecoins could give them a boost, especially given the reputations of Dubai and Abu Dhabi as crypto hubs. Tether, the developer of the world's largest stablecoin, said it plans

Vanguard Developing Blockchain Platform for $6 Trillion Forex Market
news Mutual fund giant Vanguard has partnered with Nasdaq Ventures-backed blockchain startup Symbiont to develop a trading platform for the $6 trillion currency market, the companies said. With the new platform, Vanguard, which manages $5.2 trillion, aims to lower transaction costs for the trillions of dollars worth of currencies it trades annually by boosting peer-to-peer…

Bitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers Find
Feb 20, 2020 at 20:30 UTCUpdated Feb 20, 2020 at 20:38 UTCBitcoin’s Lightning Network Is Growing ‘Increasingly Centralized,’ Researchers FindBitcoin's lightning network is growing "increasingly centralized," making it more susceptible to attacks, asserts a new paper by security researchers.Seen as a potential solution to bitcoin's scaling headaches, lightning is a payment network allowing for speedier…

Ripple Does Not Care Whether XRP Is ‘Sufficiently Decentralized’
The long awaited “Hinman docs” have finally been unsealed, a move that some believe could play a crucial role in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple. Ripple is being sued by the securities regulator for an allegedly illicit sale of $1.3 billion worth of XRP, a cryptocurrency…