Bitcoin

Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old. Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting with government agents “posing
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The fifth anti-money laundering directive (AMLD5) has unexpectedly increased institutional interest in cryptocurrencies, according to an executive at the crypto trading subsidiary of Boerse Stuttgart. Speaking at the CryptoCompare London conference Tuesday, Boerse Stuttgart’s chief digital officer, Dr. Ulli Spankowski, admitted he had been “surprised” by the positive effect 5AMLD had on attracting traditional financial
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BitGo, one of the largest and oldest custodians for digital assets, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based company announced Thursday it is now offering institutional digital asset lending services.  Founded in 2013 by CEO Mike Belshe, BitGo started testing the new service a
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Unstoppable Domains, a censorship-resistant web developer, has released a Google Chrome extension in its bid to open up web 3.0. The extension will give users access to .crypto domain names directly from the Chrome browser, currently the most-used web browser. Developed by Unstoppable Domains, .crypto domains are smart contracts on the Ethereum network, meaning to
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The U.S. Treasury Department’s Office of Foreign Asset Control has added 20 new bitcoin addresses associated with two individuals to its list of sanctioned individuals. According to an update to OFAC’s “Specially Designated Nationals” (SDN) list, Jiadong Li and Yinyin Tian are accused of being linked to the Lazarus Group, a cybercrime group possibly affiliated
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Researchers at the Bank for International Settlements (BIS) are grappling with the future of payments – so much so that their newest quarterly report, released Sunday, is entirely dedicated to what that potential revolution holds. In its 138-page look at what lies beyond the financial horizon, the Swiss-based institution reckoned with coming trends that may
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The U.S. House of Representatives Committee on Small Business is set to discuss the benefits blockchain technology can bring to entrepreneurs. Slated for March 4 at 16:30 UTC, the “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will explore the ways in which some startups are utilizing blockchain technology to
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A lawsuit claiming Ripple violated securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm. In a ruling Wednesday, U.S. District Judge Phyllis Hamilton, of the Northern District of California, allowed a putative class-action lawsuit by retail XRP buyers to proceed. Hamilton said the suit
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Revolut, the London-based bank that allows users to purchase cryptocurrencies on its app, has raised more than $500 million in a Series D funding round. Revolut announced Tuesday the round, led by Silicon Valley venture capital firm TCV, means the bank is now valued at over $5.5 billion. Although investors from previous rounds have also
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As central bank digital currencies (CBDCs) march into view, a privately-run version of digital fiat is adding a key tech partner. Utility Settlement Coin (USC), the blockchain-based payments system involving commercial and central banks, will be working with ConsenSys-backed startup Adhara, CoinDesk has learned. Adhara was behind Project Khokha, which used enterprise blockchain client Quorum
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The best Sundays are for long reads and deep conversations. Earlier this week the Let’s Talk Bitcoin! Show gathered to discuss catalysts and CEOS in the world of blockchain projects, the organizational and organic structures of decentralization and to wonder whether crypto even needs Satoshi-like catalysts now that the fire of blockchain burns bright. On today’s podcast
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CoinDesk reporter Leigh Cuen is joined by Isaiah Jackson, author of “Bitcoin and Black America” and co-founder of KRBE Digital Assets Group, to talk about financial discrimination in the United States and the unique value bitcoin can offer minority communities. According to a survey of 5,126 Americans conducted by Coinbase and Qriously, “Twice as many
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Sweden’s central bank will soon trial a blockchain-based digital currency – but it’s still in its very early stages, at best. Announced Thursday, Sveriges Riksbank’s e-krona pilot is the latest attempt at a central bank digital currency (CBDC) from an institution that for years fretted over basing any such project on distributed ledger technology (DLT).
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The Australian entrepreneur who claims to be the inventor of bitcoin has suggested he might take legal action against the cryptocurrency’s developer team over claimed infringement of his intellectual property. In a blog post published last Thursday, Craig Wright said while forks of bitcoin would be allowed under the open-source MIT license under which bitcoin
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Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed “up and to the right,” he addressed concerns with Libra and the recent drop-out of major banking and business players. In short? He’s not
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