Cryptocurrency

DOJ: Ohio Man Ran $300 Million Bitcoin Money Laundering Scheme

An Ohio man has been arrested by federal authorities for running a “Bitcoin mixer” service on the dark web that helped to launder as much as $300 million in Bitcoin. The bitcoin allegedly laundered by the service are now worth $3.5 billion at the current valuation.

A picture taken on February 6, 2018 shows a visual representation of the digital crypto-currency Bitcoin, at the "Bitcoin Change" shop in the Israeli city of Tel Aviv. / AFP PHOTO / JACK GUEZ (Photo credit should read JACK GUEZ/AFP/Getty Images)

Federal Reserve Governor Blasts Facebook’s Libra Currency

U.S. Federal Reserve Governor Lael Brainard strongly criticized Facebook’s digital currency, Libra, on Wednesday. Brainard argued that Facebook’s digital currency project will face numerous regulatory challenges before it could be considered viable for public use.

Prime Minister Malcolm Turnbull would "love" Facebook boss Mark Zuckerberg -- seen here at the US Congress -- to be grilled by Australian lawmakers

U.S. Treasury Cracks Down on Chinese Fentanyl Traffickers

The U.S. Treasury Department on Wednesday announced a crackdown on the “Chinese drug kingpins fueling America’s deadly opioid crisis.” The individuals and organizations designated for Treasury action deal in powerful synthetic opioids like fentanyl and carfentanil, which are often mixed into other street drugs without the knowledge of customers, resulting in countless deaths by overdose.

The US opioid epidemic is accelerating, with hospital emergency room visits for overdoses from drugs like heroin, fentanyl and prescription painkillers up 30 percent from 2016 to 2017, according to the US Centers for Disease Control and Prevention

Tom Cotton Grills Facebook on Financial Blacklisting, ‘Libra’ Currency

During a recent hearing before the Senate Banking Committee, Senator Tom Cotton (R-AR) grilled a representative from Facebook about online censorship, financial blacklisting, and its Libra currency. He questioned what the progressive tech giant would do when a consumer wished to use Libra to subscribe to Breitbart News as opposed to a left-wing publication.

Sen. Tom Cotton, R-Ark., interrupts a fellow senator during a confirmation hearing of the Senate Intelligence Committee for CIA nominee Gina Haspel, on Capitol Hill, Wednesday, May 9, 2018 in Washington. (AP Photo/Alex Brandon)

Trump Faces Backlash from Base over Bitcoin

President Donald Trump faced a backlash from his online supporters last week after he condemned the Bitcoin cryptocurrency as “highly volatile” and a facilitator of illegal activity. Trump called for Facebook’s new “Libra” cryptocurrency to be regulated like a bank.

US President Donald Trump boards Air Force One departing from Andrews Air Force Base in Maryland on July 12, 2019. - Trump is traveling to Milwaukee, Wisconsin and Cleveland, Ohio. (Photo by MANDEL NGAN / AFP) (Photo credit should read MANDEL NGAN/AFP/Getty Images)

Facebook Reveals ‘Libra’ Cryptocurrency Will Be ‘Governed’ by Switzerland-Based Coalition of Elites

Facebook plans to launch its own currency named Libra in 2020. The Silicon Valley Masters of the Universe have unveiled more details about how the currency will operate, including a promise of privacy for its user, and the fact that the currency will be “governed” by the “Libra Association,” a group of Mark Zuckerberg’s fellow elites based in Switzerland.

Facebook's new mission outlined by Mark Zuckerberg could be a major shift to privacy for the embattled social network, or, as one analyst said, a "smokescreen"

Study: North Korea Using Bitcoin to Finance Nuclear Weapons Development

A study from the U.K. Royal United Services Institute for Defense and Security Studies (RUSI) found North Korea using Bitcoin and other cryptocurrencies to circumvent international sanctions. The authors warned Pyongyang’s cybercrime network could “become a sustained security challenge” as it seeks more untraceable methods of laundering money and keeping its business secret from international regulators.

Bitcoin was among a number of cryptocurrencies that plunged in Asian trade following news of the hack on South Korean exchange Coinrail

U.N. Reports North Korea Evading Sanctions on a Massive Scale

The U.N. Security Council will receive a report this week outlining North Korea’s remarkable success at evading sanctions against its nuclear missile program. According to the report, Pyongyang has been able to import petroleum, export coal, and sell weapons in spite of the toughest sanctions ever imposed against it.

Students march past a balcony from where North Korea's leader Kim Jong Un was watching, during a mass rally on Kim Il Sung square in Pyongyang on September 9, 2018. - North Korea held a military parade to mark its 70th birthday, but refrained from showing off the intercontinental ballistic …