Cointelegraph By Derek Andersen
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Samourai Wallet mixer co-founders arrested on AML, licensing charges
Cointelegraph By Derek Andersen - 0
The crypto mixer allegedly handled $2 billion in unlawful transactions and facilitated $100 million in money laundering.
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Sam Altman-linked Meanwhile Advisors creates BTC private credit fund
Cointelegraph By Derek Andersen - 0
Bitcoin life insurance innovator Meanwhile Group has come out with a private credit fund denominated in Bitcoin (BTC). The closed fund will offer investors a “conservative” yield in Bitcoin and lend funds in BTC to institutional counterparties at the managers' discretion. Meanwhile Advisors are targeting a 5% yield on the...
Bitzlato ex-CEO Legkodymov pleads guilty to one count in Brooklyn court
Cointelegraph By Derek Andersen - 0
Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to one count of operating an unlicensed money services business on Dec. 6. Legkodymov appeared in New York Eastern District Court in Brooklyn before Judge Eric Vitaliano. In court, Legkodymov agreed to dissolve Bitzlato and forfeit $23 million...
Elon Musk’s xAI files with SEC for private sale of $1B in unregistered securities
Cointelegraph By Derek Andersen - 0
Elon Musk’s X-linked artificial intelligence modeler xAI has an agreement for the private sale of $865.3 million in unregistered equity securities, according to a filing with the United States Securities and Exchange Commission made on Dec. 5.XAI filed the SEC’s Form D to allow it to engage in the...
New Jersey bill would make crypto sold to institutional investors a security
Cointelegraph By Derek Andersen - 0
The New Jersey General Assembly may consider a bill that would decide when a digital asset or “virtual currency’ is a security under state law. All virtual currencies issued and sold to institutional investors would be considered securities in the U.S. state of New Jersey under the bill introduced by...
Core Scientific explains its latest bankruptcy plan ahead of court date
Cointelegraph By Derek Andersen - 0
Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation is based on the third amended joint Chapter 11 plan filed on Nov. 16 and includes an audio commentary by CEO Adam Sullivan.Common shareholders and holders of...
Charlie Shrem paid a steep price for his place in crypto history. Major figures in the crypto world were part of his story, and his personal life was transformed as he went from online retailer to CEO of Bitcoin (BTC) exchange BitInstant and convicted felon before he was even...
Tether moving into infrastructure, energy production, CEO Ardoino says
Cointelegraph By Derek Andersen - 0
Paolo Ardoino became CEO of Tether on Dec. 1, moving up from the position of chief technology officer, which he had held since 2017. His appointment was planned well in advance and comes as the company is prioritizing diversification and expansion. It’s a good time for the company. Tether is...
Coinbase tracks 6% rise in info requests from law, government agencies
Cointelegraph By Derek Andersen - 0
Crypto exchange Coinbase says it recorded a 6% rise in requests from law enforcement and government agencies compared to 2022, with the number of jurisdictions issuing requests jumping by 19, according to the exchange’s annual transparency report.Four countries — the United States, Germany, the United Kingdom and Spain —...
Solomon Islands, Soramitsu team up for Bokolo Cash CBDC proof-of-concept
Cointelegraph By Derek Andersen - 0
The Central Bank of Solomon Islands has launched a proof-of-concept for a central bank digital currency (CBDC) called Bokolo Cash, with Japanese blockchain Soramitsu providing support.Bokolo Cash will be worth one Solomon Islands dollar. Project participants can use it in retail settings in the island nation’s capital, Honiara, and...