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US Prosecutors Charge KuCoin for AML Violations: Outflows Skyrocket and KCS Plummets 13%

Major crypto exchange KuCoin, along with two of its founders, was alleged to have failed to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to prosecutors, the absence of…

Continue ReadingUS Prosecutors Charge KuCoin for AML Violations: Outflows Skyrocket and KCS Plummets 13%

Bitcoin Halving Sparks Migration of US Mining Equipment to Low-Cost Power Countries: Report

As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is…

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Montenegro’s Court of Appeal Upholds Ruling on Do Kwon’s Extradition to South Korea

After a series of back-and-forths regarding Do Kwon’s extradition, it appears that the Terraform Labs co-founder and former CEO may finally be handed over to South Korean authorities after the…

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Bitcoin Fog Operator Declared Guilty of Money Laundering, Faces Up to 50 Years in Prison

Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge…

Continue ReadingBitcoin Fog Operator Declared Guilty of Money Laundering, Faces Up to 50 Years in Prison