Tag • #bitcoin

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Fugitive CEO at the center of 2022 crypto crash found liable for fraud

news.movim.eu / TheGuardian · Friday, 5 April - 21:41

A jury found that Do Kwon and Terraform Labs misled investors before the collapse of the company’s namesake cryptocurrency

A jury in Manhattan found a Singapore-based former crypto CEO liable on civil fraud charges on Friday, agreeing with the US Securities and Exchange Commission that both he and his firm misled investors before the 2022 collapse of the company’s namesake cryptocurrency wrecked cryptocurrency markets.

The jury delivered the verdict in federal court after a two-week trial after hearing closing arguments earlier in the day. Terraform Labs founder Do Kwon did not attend the trial, as he has been detained in Montenegro since March 2023. He was intercepted while on his way to Dubai on the lam from authorities in multiple countries, traveling using forged Costa Rican travel documents.

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Les jours du bitcoin sont comptés

news.movim.eu / Numerama · Friday, 29 March - 10:21

Les modèles prédictifs d’une nouvelle étude scientifique sont parvenus à dater ce qui serait la « fin du bitcoin », déjà tant de fois annoncée par erreur. Plongée dans ces statistiques diseuses de mauvaise aventure.

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pubsub.blastersklan.com / slashdot · Friday, 29 March - 04:33 edit

According to Bloomberg, the U.S. and U.K. are investigating more than $20 billion worth of USDT transactions that have passed through Garantex, a Russia-based crypto exchange. Milk Road reports: If confirmed, the $20 billion in transactions would represent one of the most significant breaches of the sanctions imposed on Russia since the conflict began. However, the sources cautioned that the inquiries are ongoing and that it is too early to draw conclusions given the complexity of crypto transactions. They also noted that there was no immediate suggestion of wrongdoing by Tether. Key points: - The transactions under scrutiny were conducted using Tether (USDT). - The US and UK sanctioned Garantex on suspicion of facilitating financial crimes and illicit transactions in Russia. - The $20 billion USDT transactions would represent one of the biggest breaches of sanctions imposed on Russia since the start of the war. - Tether froze assets of entities on the U.S. sanctions list.

Read more of this story at Slashdot.

US, UK Investigate $20 Billion of Crypto Transfers To Garantex Russian Exchange

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Les prévisions pour le halving 2024 du bitcoin ont changé

news.movim.eu / Numerama · Friday, 22 March - 14:44

Le prochain halving du bitcoin doit avoir lieu en avril 2024. Mais, selon une étude de Coinbase, cette fois-ci le halving pourrait avoir des effets limités sur le prix du bitcoin. Il vient déjà de connaître une forte hausse et reste pénalisé par des taux directeurs très hauts.

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Ex-takeaway worker guilty of money laundering in £2bn bitcoin operation

news.movim.eu / TheGuardian · Wednesday, 20 March - 22:13

Jian Wen became involved in criminal racket converting cryptocurrency into assets including property and jewellery

A former takeaway worker found with bitcoin wallets worth more than £2bn, believed to be the largest ever seizure of its kind, has been convicted of a crime linked to money laundering.

Jian Wen, 42, lived above a Chinese restaurant in Leeds when she became involved in a criminal racket converting the cryptocurrency into assets including multi-million-pound houses and thousands of pounds’ worth of jewellery.

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“Overwhelming evidence” shows Craig Wright did not create bitcoin, judge says

news.movim.eu / ArsTechnica · Thursday, 14 March - 18:59

Enlarge / Dr. Craig Wright arrives at the Rolls Building, part of the Royal Courts of Justice, on February 06, 2024, in London, England. (credit: Dan Kitwood / Staff | Getty Images News )

"Overwhelming evidence" shows that Australian computer scientist Craig Wright is not bitcoin creator Satoshi Nakamoto, a UK judge declared Thursday.

In what Wired described as a "surprise ruling" at the closing of Wright's six-week trial, Justice James Mellor abruptly ended years of speculation by saying:

"Dr. Wright is not the author of the Bitcoin white paper. Dr. Wright is not the person that operated under the pseudonym Satoshi Nakamoto. Dr. Wright is not the person that created the Bitcoin system. Nor is Dr. Wright the author of the Bitcoin software."

Wright was not in the courtroom for this explosive moment, Wired reported.

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Pourquoi certains bitcoins sont plus rares que d’autres ?

news.movim.eu / Numerama · Thursday, 14 March - 15:38

À l'heure où le bitcoin atteint de nouveaux sommets, certains se mettent à collectionner des bitcoins « rares ». À New-York, la prestigieuse maison de vente aux enchères Sotheby’s vend même des centimes de bitcoins à plus de 100 000 dollars la pièce. Pourquoi certains bitcoins sont-ils plus rares que d’autres ?

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Australian computer scientist is not bitcoin creator Satoshi Nakamoto, high court rules

news.movim.eu / TheGuardian · Thursday, 14 March - 14:51

Judge says evidence for his conclusion that Craig Wright did not create bitcoin is ‘overwhelming’

Satoshi Nakamoto, the pseudonymous creator of bitcoin, is not the Australian computer scientist Craig Wright, a high court judge has ruled, ending a fractious two-month trial in London.

In a highly unusual decision, the presiding judge, Mr Justice Mellor, issued the verdict within seconds of the case concluding, promising to issue a “fairly lengthy written judgment” in due course.

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Bitcoin Fog operator convicted of laundering $400M in bitcoins on darknet

news.movim.eu / ArsTechnica · Wednesday, 13 March - 20:34

Bitcoin Fog operator convicted of laundering $400M in bitcoins on darknet

Enlarge (credit: Bloomberg / Contributor | Bloomberg )

A US federal jury has convicted a dual Russian-Swedish national, Roman Sterlingov, for operating Bitcoin Fog, "the longest-running bitcoin money laundering service on the darknet," the Department of Justice announced yesterday.

Sterlingov ran Bitcoin Fog from 2011 to 2021, moving over 1.2 million bitcoin (approximately $400 million) before he was arrested, the DOJ said. In the press release, Deputy Attorney General Lisa Monaco said that the DOJ was "relentless" in efforts to "painstakingly" trace bitcoin "through the blockchain to hold Sterlingov and his Bitcoin Fog enterprise to account."

“Roman Sterlingov thought he could use the shadows of the Internet to launder hundreds of millions of dollars in bitcoin without getting caught," Monaco said. "But he was wrong.”

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