Category Archives: Bitcoin

mrspoonsi shares a report from the BBC: A former takeaway worker found with Bitcoin worth more than $2.5 billion has been convicted at Southwark Crown Court of a crime linked to money laundering. Jian Wen, 42, from Hendon in north London, was involved … Continue reading Woman With $2.5 Billion In Bitcoin Convicted of Money Laundering→

A judge in the UK High Court has declared that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the creator of Bitcoin, marking the end of a years-long debate. From a report: “The evidence is overwhelming,” said Honourable Mr. Justic… Continue reading Craig Wright Is Not Bitcoin Creator Satoshi Nakamoto, Judge Declares→

Roman Sterlingov, the founder of a $400 million crypto-mixing service called Bitcoin Fog, has been convicted of money laundering in a United State District Court on Tuesday. Other charges include money laundering conspiracy, operating an unlicensed mon… Continue reading Bitcoin Fog Crypto Mixer Found Guilty of Money Laundering, Jury Finds→

Two top executives from the crypto exchange Binance have been arrested in Nigeria for allegedly destabilizing the national currency. Quartz reports: According to a Wall Street Journal report, Tigran Gambaryan, head of financial-crime compliance at Bina… Continue reading Binance Executives Were Arrested In Nigeria For Allegedly Destabilizing Its Currency→

Bitcoin surged to a record as demand from new US exchange-traded funds and a looming reduction in the token’s supply growth fuel a breathtaking rebound in the original cryptocurrency. From a report: The largest digital asset rose as much as 2.5% to $69… Continue reading Bitcoin Surges To Record Above $69,000→

Emily Shugerman reports via The Daily Beast: Gemini, the crypto startup owned by the Winklevoss twins, will have to return $1.1 billion to customers who lost money in their partnership with the now-bankrupt crypto lender Genesis. In a deal with the New… Continue reading Winklevoss Twins’ Start-Up Will Pay Burned Customers $1 Billion→

As part of its IPO filing with the SEC, Reddit disclosed that it has invested some of its excess cash in bitcoin, ether and Polygon. From a report: Based on the document, the firm now holds BTC and ETH in its balance sheet. Notably, Reddit filing came … Continue reading Reddit Discloses Bitcoin and Ether Investments In IPO Filing→

An anonymous reader quotes a report from Ars Technica: Convicted FTX fraudster Sam Bankman-Fried pleaded for a lenient prison sentence in a court filing yesterday, saying that he isn’t motivated by greed and “is already being punished.” Bankman-Fried r… Continue reading SBF Asks For 5-Year Prison Sentence, Calls 100-Year Recommendation ‘Grotesque’→