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US Treasury Blacklists Bitcoin Addresses Affiliated with Chinese Drug Lords

Three Chinese nationalists have been charged under the Foreign Narcotics Kingpin Designation Act (Kingpin Act) by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and Treasury’s Financial Crimes Enforcement Network (FinCEN). The accused were using cryptocurrencies for money laundering.According to the allegations, the three manufactured and

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US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine.Possible life sentenceNews outlet U.S. News reported on Aug. 23 that 25-year-old Kunal Kalra has pleaded guilty to charges including money laundering and distributing methamphetamines. Per the report, he could

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Bitcoin (BTC) Price Testing Last Line Of Defense With Positive Bias

Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar.The price is now trading near the key $10,400 resistance area, which is preventing gains.Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair (data

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Gran West Agreed to Comply with Judge to Reimburse £900,000 worth of Bitcoin to his victims

According to news published by The Guardian on August 23, 2019, cybercriminal Gran West has agreed to collaborate with justice to reimburse the victims of his crimes. The amount to be paid as a way of compensation to the losers equals to £915,305.77 pounds.  Spontaneous Collaboration Gran West, the 27-year old hacker

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