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End of Western Union Remittance Service to Cuba a Boon for Crypto
23.11.2020
As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement...
Chainalysis Launches Program to Store and Sell Seized Crypto Assets for Governments
13.11.2020
The blockchain intelligence and surveillance company Chainalysis revealed the launch of a new program that aims to help governments and insolvency practitioners sell seized cryptocurrencies. The news follows the recent U.S. government seizure of more than 69,000 BTC worth over $1 billion...
A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion
9.11.2020
On November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.”...
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
US Seizes Previously Undetected Silk Road Bitcoins Worth Over $1 Billion
5.11.2020
The U.S. government has seized over $1 billion in bitcoin from previously undetected transactions associated with the Silk Road marketplace and is now seeking the forfeiture of the cryptocurrency. US Confiscates $1 Billion in Bitcoin From Silk Road The U.S. government has filed a lawsuit seeking...
Goldman Sachs to Settle Massive Corruption Case for $2.8 Billion With US Government
22.10.2020
Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm’s worst scandals since the financial crisis. In addition, Goldman Sachs previously agreed to pay the Malaysian government billions...
Brock Pierce: True decentralization is a way off
22.10.2020
True decentralization will take time, U.S. presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
11.9.2020
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency...
Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
27.7.2020
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout....
US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines
23.7.2020
The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison. US Dismantles...
US Army Requests Information on Tools to Track Cryptocurrency Transactions
14.7.2020
The U.S. Department of Defense and the U.S. Army have requested information on web-based cryptocurrency tracking tools. The tools must enable U.S. government agencies worldwide to conduct in-depth investigations into the source of crypto transactions and provide multi-currency analysis from bitcoin...
US Dept of Homeland Security Buys Analytics Software From Coinbase
12.7.2020
Coinbase is selling its blockchain analytics software to the U.S. Department of Homeland Security and the U.S. Secret Service. Following criticisms from the crypto community, CEO Brian Armstrong defended Coinbase’s position. Coinbase Selling Analytics Software to US Government Public records...
This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System
25.5.2020
In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.”...
Fintech Lenders May Struggle to Qualify Under U.S. Gov't COVID-19 Relief Plan
10.4.2020
The U.S. government’s COVID-19 relief plan is not yet fintech-friendly, say experts
$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism, Corruption, Drug Trafficking
27.3.2020
The U.S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.” The U.S. government is offering rewards of up to $15 million for any information leading...
U.S. Government Extends Daily Trillion Dollar Repo, Again Dwarfing Crypto Market Cap
20.3.2020
The U.S. Fed has extended its trillion-dollar injection efforts through March — a giant sum compared to all the money invested in crypto
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
3.3.2020
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts...
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
Trump Views Crypto a Threat, Proposes Countermeasures in New Budget
11.2.2020
The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts...
US Government Auctioning off Bitcoins Worth $37 Million in 2 Weeks
4.2.2020
The U.S. government has opened registration for the bidding of over 4,040 bitcoins, currently worth more than $37 million, which will be auctioned off on Feb. 18. The winning bidder will be notified on the same day. These bitcoins were forfeited in various federal criminal, civil and administrative...