Search Results for: Bitcoin

Ukraine’s National Anti-Corruption Bureau announced investigations into two unnamed lawmakers on Tuesday for allegedly attempting to bribe reconstruction officials.   One lawmaker was alleged to have tried to bribe top reconstruction officials with bitcoins worth $50,000 in order to direct monies from the 4.77 billion hryvnia ($130 million) Fund for Liquidation of the Consequences of Armed [...]

Kazakhstan, the world’s third largest Bitcoin mining hub, recently enacted its robust new Law on Digital Assets. In this explainer, we consider how the law, along with a slew of amendments to related laws, has the potential to catapult Kazakhstan to the forefront of digital asset regulation, as well as having profound implications for the [...]

Central Bank Digital Currency (CBDC) is increasingly being referred to as the ‘future of money,’ which is also evident from the fact that 87 countries representing 90% of the global GDP are currently exploring digital currencies. China was the first major economy to create its own digital currency in April 2021 and the Chinese Central [...]

The Department of Justice Tuesday announced that two individuals in Manhattan were arrested for an alleged conspiracy to launder $4.5 billion in stolen cryptocurrency. The cryptocurrency was stolen during the 2016 hack of Bitfinex, a virtual currency exchange. Ilya Lichtenstein and his wife, Heather Morgan, allegedly conspired to launder the proceeds of 119,754 bitcoin that were stolen [...]

In the aftermath of mass protests that swept major cities across Kazakhstan last month, resulting in hundreds of casualties and ultimately the deployment of Russian and allied troops to restore order, a law professor from Nazarbayev University explains what happened, and what we can expect for the Central Asian nation going forward. How did the [...]

The Central Bank of Russia published a consultation paper Thursday proposing a stricter ban on the use and mining of cryptocurrencies within its territory. The paper, titled ‘Cryptocurrencies: Trends, Risks, and Regulation’ notes the global market for cryptocurrencies skyrocketed in 2021 to $2.3 trillion. The anonymity offered by crypto platforms enables their use in illegal [...]

Earlier this month, a digital currency based on the Netflix series “Squid Game” soared in value before collapsing dramatically as its promoters quickly pulled out their funds in what is known as a “rug pull.” The website promoting the cryptocurrency was only three weeks old and was littered with grammatical errors, tell-tale signs that it [...]

Previously known as Facebook, tech giant Meta has found itself at the center of several recent scandals. The release of the Facebook papers revealed that the company knew, among several issues, about the mental health impact of Instagram on girls and the spread of misinformation during the latest US presidential election. From its decision to [...]

Deputy Attorney General Lisa Monaco on Wednesday announced new initiatives at the Aspen Cyber Summit related to cryptocurrency and government contractor data breaches. The Justice Department’s (DOJ) cryptocurrency initiative establishes the National Cryptocurrency Enforcement Team, which includes a mixture of anti-money laundering and cybersecurity specialists. Monaco cited the need to protect consumers using decentralized systems [...]

There has been a lot of discussion about crypto in the news recently. El Salvador made global headlines last month as the first nation to accept a crypto as legal tender, while other countries, like China, are banning them outright. In the United States, the state of crypto is much more in flux. In a [...]