Tag Archives: United States

On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used to launder money thanks to its transaction obfuscation features. Users Must Apply For a License to Withdraw Funds Per the Treasury Department’s guidelines,...

Joshua David Nicholas – a resident of Florida – pleaded guilty that he and other members of the cryptocurrency platform EmpiresX skimmed investors with $100 million worth of digital assets. He now faces a maximum penalty of up to five years in Federal prison. Last month, the US authorities brought to justice another criminal crew from the Florida region. The Miami citizens – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – might spend up to 30...

The retail gaming giant – GameStop – said it partnered with US brand of the popular cryptocurrency exchange – FTX. Over the course of the agreement, the former will begin carrying FTX gift cards in select stores. In addition, GameStop revealed that its quarterly sales declined to $1.14 billion compared to $1.18 billion in Q2, 2021. Its publicly-traded shares have also been on a downtrend recently. However, they rose about 12% in after-hours trading. Joining Forces With FTX In...

A recent research conducted by Study.com revealed that 64% of US parents think cryptocurrencies should be a subject part of their children’s education. However, the moms and dads are not that supportive of non-fungible tokens (NFTs) since only 25% said they should be included in the school programs. The mayor of New York City – Eric Adams – is also a proponent of such educational amendments. Last year, he labeled cryptocurrencies as a “new way for paying for goods and...

A recent survey carried out by Pew Research Center estimated that 46% of American cryptocurrency investors think their entrance into the market has done worse than expected. Only 15% admitted their investments have turned more successful than initially thought. The study further disclosed that the share of crypto investors in the US had remained relatively the same compared to figures from September last year. The lack of significant changes comes despite the fact that...

The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform for over $4 million. The men used fake identification to buy digital assets, while later, they lied to financial institutions that the transactions were not authorized so they could net more money. For their crime, the trio faces up to 30 years in Federal prison. Halting the...

Accused crypto money launderer Denis Mihaqlovic Dubnikov has been extradited to the United States from the Netherlands to face charges in the District of Oregon. The US Department of Justice (DOJ) said Dubnikov was charged by a federal grand jury in Portland for his alleged role in an international crypto money laundering conspiracy last August. According to the official press release, the indictment stated that the 29-year-old Russian citizen and his accomplices had full...

Binance’s US subsidiary announced receiving its Money Transmitter License from the Nevada Department of Business and Industry, Financial Institutions Division. The latest move is part of the company’s plans to offer its fully regulated services in all of America’s 50 states and territories. Speaking about the license approval, Brian Shroder, Chief Executive Officer of Binance US, said, “We continue to take the necessary steps to ensure we are operationally compliant across...

The shutdown of Tornado Cash by the US Treasury Department on August 8 has made Kraken CEO Josse Powell question the constitutionality of the decision. In an interview with Bloomberg TV on Tuesday, Powell doubted if the Treasury’s move will withstand judicial scrutiny. Tornado Cash allows users to conceal sources and destinations of funds by mixing several users’ coins before sending them to their destination addresses. Powell argued that banning Tornado Cash because it is...

Ronald Craig Ilg – a 55-year-old former neonatologist from Spokane, Washington – admitted to transferring $60,000 worth of bitcoin to multiple hitmen on the Dark Web whose task was to cause severe injuries to an ex-colleague of his. Apart from that, he ordered the criminals to kidnap his estranged wife and inject her with heroin so she would drop divorce proceedings. Ilg now faces five to eight years of prison time. The US authorities will announce the exact punishment in...