Money Laundering

Uniswap tops $50B in lifetime volume, but where’s it coming from?

Leading decentralized exchange Uniswap has surpassed $50 billion in all-time trade volume, a major milestone for the DEX sector. On Dec. 15, Uniswap creator Hayden Adams tweeted data indicating the platform has processed a life-time volume of $51.7 billion across 26,000 unique trading pairs — equating to nearly $2 million per pairing on average. Looks …

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Indian Crypto Trader Arrested for Allegedly Using USDT to Launder Money on Behalf of Chinese Online Betting Scammers

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …

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Payza Founders Sentenced in $250M Money Laundering Case

The founders of digital payments processor Payza will serve year-plus prison terms and forfeit $4.5 million in seized assets for breaking federal money transmission laws, the U.S. Department of Justice said. Brothers Firoz and Ferhan Patel, both Canadian, had pleaded guilty in July to a lineup of financial crimes stemming from Payza, their international payments …

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$200 Million Brazilian Crypto Fraud Scam: The US Seizes $24 Million Worth of Digital Currencies

The Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There’s a bunch of circumstantial evidence that has invoked some research into the possibility … read more. Southeast Asia’s …

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Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><div id=”bitcoin-1859815880″><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/419836″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/728×90-10.jpg” alt width=”728″ height=”90″></a></div></div><strong>Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court. The man and his wife were sentenced to two years for illegal money …

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Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387428″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/bitcoin-exchange-banner-6.png” alt width=”728″ height=”90″></a></div><strong>The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at …

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Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/wb_728x180-25.jpg” alt width=”728″ height=”180″></a></div><strong>Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by …

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FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/387399″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/wb_728x180-24.jpg” alt width=”728″ height=”180″></a></div><strong>The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) …

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Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero

Venezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency of Crypto Assets and Related Activities (Sunacrip). As part of the new regulations, all entities and individuals interested in legally mining bitcoin and … read …

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Crypto crimes are no excuse for taking away digital asset fungibility

The modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many levels and disrupt them in the blink of an eye, shaping things on a global level to an extent yet not seen.  Even though we …

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