Cryptocurrency Analysis and News Portal
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian
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The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million The Commodity Futures Trading Commission (CFTC) announced Thursday that the U.S. District
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A federal judge ordered the three co-founders of BitMEX to pay $30 million total for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, the Commodity Futures Trading Commission said Thursday. Source
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Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia can
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“What is illegal offline, should also be seen and dealt with as illegal online,” Margrethe Vestager, the EU commissioner responsible for digital issues, said in a video statement after the deal was finalized. “Democracy is back, helping us to get our rights and to feel safer when we’re online,” she
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A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk business as secret as possible to attract a clientele that
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Cloud vendors are fighting back against cryptojacking, but the hijackers are getting more sophisticated. Original Source
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China’s hardline policy on crypto took another turn on Thursday as the country’s Supreme Court revised its judicial interpretation for illegal fundraising to include digital currency transactions.The Chinese Supreme Court issued a revised version of its “Decision on Amending the Interpretation of the Supreme People’s Court on Several Issues Concerning
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The Central Asian country has struggled to meet electricity demand, particularly after miners flocked there from China. Original Source
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The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to
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