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‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement
14.3.2022
A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government...
Insiders Predict: NFTs the 'Gateway Drug to Crypto', More Countries May Adopt Bitcoin in 2022
23.12.2021
With 2022 fast approaching, more leaders in the crypto space have looked into the crystal ball to try and predict what the new year will bring in terms of new trends, emerging narratives, and regulations around the world.
According to the industry insiders Cryptonews.com spoke with, a number...
Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes
20.12.2021
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.”...
US Sentences Man to 3 Years in Prison for Operating Unlicensed Bitcoin Exchange Business
21.11.2021
A California man has been sentenced to three years in federal prison “for operating an unlicensed business that exchanged at least $13 million in bitcoin and cash, often for drug traffickers,” the U.S. Department of Justice said. He agreed to forfeit various assets, including seized...
Russian Government to Track Crypto Transactions With Help From Anti-Drug Organization
4.11.2021
Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between...
Survey Shows 64% of Britons Believe Crypto Is ‘Not a Safe Investment,’ Respondents Think Ethereum Is a Drug, Cardano Is Cheese
30.9.2021
While there’s a lot of hype surrounding digital currencies like bitcoin, a great number of people are still confused by the crypto economy and the myriad crypto assets that exist. One study shows that some people think Ethereum is a drug, while others think Cardano is a cheese. Traders...
League of Legends Champ Arrested On Suspicion Of Drug Trafficking
30.9.2021
Kurtis Lau Wai-kin, better known as “Toyz,” has been arrested in Taipei on suspicion of trafficking marijuana. In Taiwan, marijuana is a class 2 illegal drug, and it carries a severe prison sentence and heavy fines.While marijuana might be seen as a “soft” drug in the U.S., in Taiwan, it’s not...
Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider Implicated
26.9.2021
The scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities...
Legalized Theft: Police Seize $87,000 From Former Marine but Don’t Charge Him With a Crime
2.9.2021
A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s...
Swedish gov't pays out $1.5M in Bitcoin to convicted drug dealer
20.8.2021
The Swedish prosecutor had argued in court that the man should be stripped of his illicitly-earned Bitcoin at the equivalent value in fiat currency at the time of his conviction
Australian Police Makes Record Crypto Seizure With Dark Web Drug Bust
20.8.2021
Australia’s Victoria Police have collected close to AUD 8.5m (USD 6m) worth of cryptocurrency in its recent clampdown on dark web drug trafficking. The bust, which targeted a number of properties in the country’s south-eastern state of Victoria, is said to be Australia’s biggest crypto seizure...
Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million
30.7.2021
Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported...
New Jersey County Liquidates Bitcoin Seized in 2018, Profiting Almost 300%
30.4.2021
Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation. Authorities Gained...
The Challenges of Unravelling Long Covid
14.4.2021
Mixed into the collective tangle of agony and loss caused by the ongoing covid-19 pandemic are the “long-haulers”—people who become or continue to feel sick after their initial encounter with the virus. But the road to understanding what’s now become known as long covid will take time, nuanced...
Bank that Had Appetite for Drug Money Has None for Bitcoin
13.4.2021
UK bank HSBC found itself under fire again, with commenters arguing that the bank which had appetite for drug money does not have appetite for bitcoin (BTC). After it had been fined for its involvement in facilitating money laundering by Mexican and Colombian drug cartels, HSBC's recent move...
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...
How to Improve Your Chances of Scheduling a COVID-19 Vaccine Appointment
19.2.2021
When not one, but two safe and highly efficacious vaccines received Emergency Use Authorization from the Food and Drug Administration in December 2020—less than a year after the first confirmed case of COVID-19 in the United States— it almost seemed too good to be true. (Which is not to imply that...
German Cannabis Firm Hedges Bitcoin to Protect from Massive Currency Devaluation
18.2.2021
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive officer, Lars Müller explained that the company...
US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’
12.2.2021
Janet Yellen, the new U.S. Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies.” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance...
Disco Elysium Update Includes 'Political Vision Quests' That Permanently Change The UI
8.2.2021
Disco Elysium: The Final Cut, a “director’s cut” of the original game from 2019, will introduce the “political vision quest,” giving players a chance to further cement the protagonist’s ideological leanings.Read more