Crypto Laundering Scheme

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value of that bitcoin at the time of the hack was just $70 million when […]

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Crypto Witch Hunt

SEC Sued by 18 States for Overstepping on Crypto Regulation 18 Republican Attorney Generals signed the lawsuit against the SEC and five of its commissioners for going after crypto companies and preventing the States from formulating their regulations. The lawsuit alleged that the agency’s crackdown on crypto companies goes against constitutionally bestowed powers to the […]

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Crypto’s Millions Yield Win

Republican Bernie Moreno unseated the incumbent Democrat in Ohio’s senate race, a major win for crypto companies that had funneled millions of dollars into his campaign. Moreno, a car dealer and blockchain entrepreneur, defeated Sherrod Brown late on Tuesday, putting the GOP on track for a Senate majority. Brown, a crypto skeptic and the chairman […]

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