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British Authorities Take Down Dark Web Ecstasy Gang, Seize $5.8M in Drugs
6.4.2021
The string of dark web gangs being cracked down by law enforcement is still alive across the world. Recently, the British authorities dismantled an unnamed dark web band known for selling ecstasy and gathering millions of dollars worth of crypto. Gang Sold Ecstasy, Amphetamine, and Diazepam...
FBI Arrests 6 Free Keene Members Operating Cryptocurrency Exchange
21.3.2021
Six people involved with the Free Keene movement have been arrested and charged for allegedly operating an illegal cryptocurrency exchange business. “They operated their virtual currency exchange business using websites, as well as operating virtual currency ATM machines in...
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...
Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers
19.3.2021
The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight...
Thailand’s central bank warns against ‘illegal’ THT stablecoin
18.3.2021
The Baht-pegged stablecoin produced by Terra has come under fire from Thai bankers
Bitmex Cofounder Ben Delo Surrenders to US Authorities— Arthur Hayes to Follow in April
17.3.2021
Legal issues with crypto exchange Bitmex’s cofounders still make the headlines. Benjamin Delo surrendered to the U.S. authorities, and Arthur Hayes agreed to make the same maneuver in April. Delo Released on a $20M Bail Bond According to Bloomberg, Bitmex’s cofounder Benjamin Delo...
Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets
17.3.2021
Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity
Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business
6.3.2021
A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek...
IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies
20.2.2021
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that...
US Authorities Take Action to Shut Down Crypto Trading Platform Allegedly Defrauding Thousands of Investors
19.2.2021
The New York attorney general and the U.S. Securities and Exchange Commission (SEC) have filed charges against a cryptocurrency trading platform that allegedly defrauded thousands of investors out of over a million dollars. US Regulators Allege Coinseed Operates Illegal Crypto Trading Platform...
US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail
2.2.2021
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between...
Ukraine to Set up a Large-Scale Crypto Mining Data Center in a Nuclear Power Plant
30.1.2021
Ukraine’s government-owned nuclear power plant picked a firm to build a massive data center in Rivne for cryptocurrency mining operations. After a bidding process, Energoatom chose Kyiv Energy Construction Company to handle the nuclear plant crypto mining project. Nuclear Power Plant Operator...
Threat-Spewing UFC President Proclaims Victory Over Definitely Real Illegal Fight Streamer
25.1.2021
If, in pre-covid times, you wandered into your local bar and found it packed to the brim with sweaty, feral UFC viewers, there were a couple reasons why: 1) comradery, but mainly 2) watching UFC events is expensive as hell. This weekend’s Conor McGregor vs Dustin Poirier card weighed in at...
Japanese Police Arrest 30 People for Allegedly Having Exchanged Stolen Cryptos From the 2018 Coincheck Hack
23.1.2021
Japanese police charged 30 people for their alleged involvement in illegal transactions linked to the well-known $530 million Coincheck hack in 2018. Tokyo authorities traced all individuals’ transactions to different places across the nation. Illicit Transactions Are Estimated to Have...
Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police
22.1.2021
Komainu will be responsible for providing police across the U.K. with a more "robust" means to store cryptocurrencies
Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
18.1.2021
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate
Indian Doctors Warn of Illegal Covid-19 Vaccine Sales for Bitcoin: Citizens Urged to Wait for Government Approved Vaccine
14.1.2021
Indian doctors have warned that the sale of unauthorized Covid-19 vaccines on the black market, where vendors ask for bitcoin as payment, is illegal. According to the doctors, the unsanctioned marketing of the vaccine to the elite is prevalent in the state of Karnataka. Some doctors say the Indian...
Darknet Giant Darkmarket Shut Down, Alleged Operator Arrested
13.1.2021
The authorities in seven countries and Europol have jointly taken down Darkmarket, one of the largest darknet marketplaces. The action was taken after the marketplace’s alleged operator was arrested in Germany. Authorities Shut Down Darkmarket Europol announced Tuesday that darknet...
Iranian Authorities Close 1,620 Illegal Cryptocurrency Mining Farms: Report
6.1.2021
The illegal mining operations will be disconnected from the national power grid and the miners will face prosecution
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...