Risk
FBI Arrests Alleged Operator of Longest-Running Bitcoin Laundering Service
Authorities say Roman Sterlingov ran Bitcoin Fog on the darknet, which laundered an estimated $336 million.
Tag: Cryptocurrency
Regulation
IRS Seeks to Track Down Cryptocurrency Tax Scofflaws
Court grants summons to identify taxpayers using Circle Internet Financial to conduct cryptocurrency transactions.
Alternatives
Coinbase Has a Splashy Debut, Bitcoin Is Soaring … But Fund Managers Are Downbeat
Mutual fund chiefs overwhelmingly think Bitcoin is a bubble that will pop, BofA survey shows.
Regulation
Extortionist Pleads Guilty to Crypto Firm Shakedown
Michael Hlady, who claimed to be part of the FBI, CIA, and NSA, threatened to ‘destroy’ a startup.
Asset Management Culture
More Investors Are Allocating to Emerging Alternatives Managers
The lack of in-person meetings did not dampen interest in smaller firms, which are putting themselves out there through Zoom.
Alternatives
Cryptocurrencies Still a Speculator’s Game, Warns S&P Global
But central bank digital currencies could disrupt the banking industry’s business model.
Risk
Cryptocurrency Firm Co-Founder Gets 8-Year Prison Sentence for ICO Fraud
Sohrab ‘Sam’ Sharma was also ordered to forfeit more than $36 million.
Risk
McAfee Indicted for Fraud, Money Laundering Conspiracy Crimes
Former software firm founder could spend the rest of his life behind bars if convicted.
Risk
Cryptocurrency Firm Founder Indicted in Alleged Multimillion Dollar Scam
Kristijan Krstic, aka Felix Logan, allegedly absconded with $7 million of investors’ money.
Risk
North Korean Hackers Indicted in Cyberattacks, Financial Crimes Conspiracy
Hackers tied to a military intelligence agency allegedly attempted to steal more than $1.3 billion.
Alternatives
So … Is Bitcoin Going to Replace the Dollar?
Not a chance, says Fed’s Bullard, invoking history to slam alternate currencies to a dominant greenback.
Growing Number of Pension Funds, Endowments, Foundations Adding Bitcoin to Portfolios
The digital asset is gaining more acceptance among institutional investors.
Risk
Cryptocurrency Hedge Fund Founder Pleads Guilty to Securities Fraud
Stefan Qin, 24, allegedly drained the $90 million fund for ‘indulgences and speculative personal investments.’
Risk
Three Charged by SEC with Defrauding Hundreds of Digital Asset Investors
John DeMarr allegedly staged his own disappearance in Montenegro to avoid disgruntled investors.
Risk
Trader Charged in Alleged Cryptocurrency Scam
Jeremy Spence, aka ‘Coin Signals,’ allegedly claimed to have made a 148% return in one month when he actually lost money.