A recent federal district court ruling in a criminal anti-money laundering case suggests that the transmission of virtual currency on behalf of another person requires a state money transmission license — even if the state’s money transmission law does not expressly address the regulation of virtua...
Common arguments for BitcoinBTCbeing unethical include its impact on the environment through high electricity costs from mining, along with potential use by criminal elements, and the lack of regulation and user protections. Conversely, critics of fiat moneyargue that it is unethical, as it is not...
So DiAngelo did what other sex workers do: She "platform hopped," meaning that she brought her money to another bank. When they also flagged and closed her account, she moved on to the next. After being shut out of a third bank, DiAngelo says she turned exclusively to bitco...
For a traditional bank payment, police can turn to the bank that sent or received the money but for bitcoin, the registry that records these transactions—the blockchain—does not ask users to reveal their identity. But the blockchain is also public and available to everyone to download and ...
Bitcoin is a cult whose leader, Satoshi Nakamoto, is too ashamed of what he created to come forward and accept responsibility for the fraud, waste and criminal money laundering that he has set in motion. Instead, people like Michael Saylor and Max Keiser speak in his stead, and perpetuate ...
Many commentators see easing monetary policy as supportive for bitcoin, which is viewed as a risky asset. Meanwhile, some see bitcoin as a sort of "safe haven" asset to pour money into in times of geopolitical strife, thoughmany disagree with this theory. ...
Nakamoto wanted people to be able to exchange money electronically securely without the need for a third party, such as a bank or a company like PayPal. He based Bitcoin on cryptographic techniques that allow you to be sure the money you receive is genuine, even if you don’t trust the ...
March 2018Undisclosed womanKillingly, Connecticut2 women invaded home of another woman who had opened a "Bitcoin account" in the name of one of the attackers and used it to steal her money. March 2018Unidentified MinerKyiv, UkraineMiner kidnapped, extorted for $50,000. Kidnappers caught 8 month...
Carter believes this is why the idea of miners being more transparent about the kind of energy they are using is going to vindicate them. Carter also doesn’t seem to be convinced on the “Bitcoin is used for money laundering” narrative. Any monetary system is always going to be used...
A British-Chinese woman has been sentenced to six years and eight months in prison for laundering bitcoin derived from a £5bn fraud in China committed by her employer, London’s Southwark Crown Court heard on Friday. Jian Wen, 42, was convicted in March of one count of money laundering...