Goldman Sachs Arrests Render Mnuchin Bitcoin Comments Useless

Goldman Sachs vice president and known Bitcoin skeptic Richard Gnodde is among 17 senior executives who could face ten years’ in prison for money laundering.  Vice President Could Face 10 Years In Jail According to a press release from Malaysia’s attorney general August 9, Gnodde is now wanted in connection with the infamous 1MDB scandal […]

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Authorities Dismantle Shadow Bank That Handled ‘Hundreds of Millions’ for Crypto Exchanges

An Arizona Man and an Israeli woman have been charged in connection with providing “shadow banking services” to cryptocurrency exchanges — involving millions of dollars. The two individuals were charged by the United States Attorney for the Southern District of New York, the Federal Bureau of Investigation (FBI), and the Internal Revenue Service (IRS) in […]

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Japan Police: 98.3% of Money Laundering Cases Don’t Involve Cryptocurrency

Japan’s National Police Agency (NPA) say cases of suspected money laundering reportedly linked to cryptocurrency increased by 900 percent in 2018 when compared to the previous year. However, this still comprises only 1.7 percent of all money laundering investigations. Cryptocurrency Money Laundering Up Tenfold in Japan According to The Japan Times, the NPA reports that […]

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DEA: The Number Of Illegal vs. Legal Uses of Bitcoin Has Swapped

If 90 percent of Bitcoin’s applications used to be tied to illegal activities in 2013, today, the cryptocurrency is being used for legal financial speculation in 90 percent of cases. Bitcoin and illegality are found in association only 10 percent of the time currently. Bitcoin’s $4 Billion Volume: 10 Precent Crimes, 90 Percent Trading That’s […]

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