Law

All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone

China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the law.”Most investors may have missed the $3 billion BTC and $1.5 billion Ether (ETH) monthly options expiry that took place less than one hour before the crypto ban news came out. According to “Molly”, a

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader

Helix’s Larry Harmon Guilty of Money Laundering

Larry Dean Harmon, a 38-year-old man who hails from Akron, Ohio, has pled guilty to cryptocurrency money laundering charges after years of running a platform known as Helix, a darknet bitcoin mixing company. Larry Harmon Will Have to Pay Back Quite a Bit of Money Harmon pled guilty in a federal court. As part of his plea, he is required by regulators to give up as many as 4,400 bitcoin units to the state government, which by today’s standards, are worth more than $200 million. Harmon will also be required

‘Wolf of All Streets’ Trader Expects Bitcoin to Surpass $100K Within 6 to 12 Months

Crypto trader and investor Scott Melker, also known as “The Wolf of All Streets,” expects the price of bitcoin to hit new all-time highs by the end of the year. “I would not be surprised at all to see bitcoin trading in six figures within the next six to 12 months, or ethereum even pushing towards $10,000 in that time,” he said. The trader also sees the Senate’s $1.2 trillion infrastructure bill as the biggest advertisement in history for bitcoin. ‘Wolf of All Streets’ Trader Sees Many Upsides to Bitcoin

The U.S. Legal Jobs Market Shows no Signs of Slowing Down as Number of…

Leopard Solutions has seen an increase in job postings each month since October 2020. “There’s a huge demand for law firm associates and for recruiters to find them. In order for law firms to win the race for associates, they need to not only be creative in not only recruiting but also in their retention strategies.” NEW YORK (PRWEB) July 26, 2021 Leopard Solutions has been tracking and analyzing the skyrocketing demand for lawyers across the United States as the industry recovers from COVID-19. Our jobs database currently shows a

Woman Indicted on Bitcoin-Fueled Murder-for-Hire Charges

A 36-year-old woman from Fallon, Nev. has been indicted on murder-for-hire charges for allegedly trying to pay a hitman $5,000 in bitcoin to kill her ex-husband. A press release issued by the U.S. District Attorney’s Office of the Eastern District of California names Kristy Lynn Felkins as the subject of the indictment. According to court documents, Felkins contracted the services of a hitman via a darknet website in 2016. She allegedly paid 12 BTC — then worth approximately $5,000 — to order a hit on her ex-husband with whom she

Why Sodinokibi shifted from using Bitcoin to Monero?

Table of Contents 5 / 5 ( 1 vote ) There is a common misconception that many have in regards to bitcoin; anonymity. Yes, bitcoin allows for far higher protection of privacy in comparison to other financial communication systems such as SWIFT, but that does not mean it provides complete protection from law enforcement authorities. Why did Sodinokibi shift to Monero from Bitcoin? While Bitcoin does NOT require ID verification, many services built around it, do need it. This means that in order to buy and sell bitcoins, you may

U.S SEC, OCC issue first regulatory guidance for stablecoins 

U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should be treated under federal securities law.According to a letter published by the OCC and signed by OCC Chief Jonathan V. Gould, there were risks of banking any stablecoin issuers. However, the letter detailed how banks could