DEA Agent: Speculators Are Using Bitcoin More Than Criminals

CLabs, the developer behind the Celo blockchain, has seen its proposal to transition Celo from an independent layer-1 blockchain to an Ethereum layer-2 solution pass on Monday morning.According to the proposal page, there were 131 votes in total with 128 of those voting in favor of the transition, two voting against and one abstaining.The cLabs…

news With the price of bitcoin surging to a yearly high Monday, the South Korean government has held an emergency meeting over the risk of losses for investors, CoinDesk Korea reports. Noh Hyeong-ouk, minister for the Office for Government Policy Coordination, announced the inter-agency meeting in a government statement earlier on Tuesday, saying participants included…

U.S. regulators said an appeals court shouldn't heed Coinbase's request to review how – or if – conventional securities rules apply to cryptocurrencies.Coinbase, the largest U.S. crypto exchange, filed for permission to ask the Second Circuit Court of Appeals if the Howey Test, a longstanding Supreme Court assessment for securities, should apply to digital assets.

news Decentralized applications (dapps) may qualify as money transmitters under U.S. law in certain circumstances, the nation’s anti-money-laundering (AML) regulator said. The Financial Crimes Enforcement Network (FinCEN) published a new guidance sheet Thursday, outlining when and how different companies, individuals and platforms in the crypto space may be money transmitters under the Bank Secrecy Act…

Finoa, a crypto custodian with a license from German regulator BaFin, has integrated Centrifuge's Anemoy tokenized T-Bill fund into its custodial wallet system.Anemoy is set up and regulated in the British Virgin Islands and is focused on large DeFi investors, DAO treasuries and stablecoin protocols.Finoa's 300-plus institutional crypto customers routinely sit on idle hauls of

news The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds. According to a public filing published Tuesday, investment management firm Wilshire Phoenix and NYSE Arca filed an amendment to their ETF proposal earlier this month to address issuance and redemption for…

Genesis Global Trading has agreed to pay $8 million and give up its BitLicense to settle anti-money laundering and fraud charges against it, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Friday in a statement.“Genesis Global Trading’s failure to maintain a functional compliance program demonstrated a disregard for the Department’s

Anatoly Legkodymov, a co-founder of Hong Kong-based crypto exchange Bitzlato, pleaded guilty to operating an unlicensed money transmitter tied to allegations that the exchange processed funds from ransomware attacks, illicit drug deals and other crimes, U.S. officials announced Wednesday.Legkodymov, a majority owner in the exchange, "agreed to dissolve Bitzlato" and release claims over some $23

Sam Bankman-Fried stands accused of committing wire fraud and conspiracy to commit several other types of frauds. His once-mighty crypto exchange, FTX, collapsed in dramatic fashion nearly a year ago, shedding billions in value. And in two weeks, he’ll begin his effort to convince a jury of his peers that he didn’t commit any of