‘Wildly Inaccuate’: ShapeShift CEO Denounces Wall Street Journal Money Laundering Claims

Cryptocurrency exchange platform ShapeShift formally hit back at what it called an “attack” on its business by the Wall Street Journal, which accused the platform of being involved in money laundering. WSJ: ShapeShift Allowed $9M Money Laundering In a blog post, CEO Erik Voorhees spelled out his distaste for the “false and absurd” content of […]

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DEA: The Number Of Illegal vs. Legal Uses of Bitcoin Has Swapped

If 90 percent of Bitcoin’s applications used to be tied to illegal activities in 2013, today, the cryptocurrency is being used for legal financial speculation in 90 percent of cases. Bitcoin and illegality are found in association only 10 percent of the time currently. Bitcoin’s $4 Billion Volume: 10 Precent Crimes, 90 Percent Trading That’s […]

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Half of Coincheck’s Stolen NEM May Already be Laundered

Adam James · March 19, 2018 · 9:30 am Hackers involved in the high-profile Coincheck heist earlier this year may have successfully converted half of the stolen NEM tokens into other digital currencies. Hung out to Dry As reported by Japan Today, hackers involved in the large-scale Coincheck heist may have utilized the anonymous “dark […]

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Cryptocurrency Makes Up Only 0.17% of All Money Laundering Cases in Japan

Adam James · February 23, 2018 · 6:00 pm Cryptocurrency opponents have long argued that digital currencies are tools for money launderers. If the National Police Agency in Japan is to be believed, that may indeed be the case — though it’s not as prevalent as one might think. Minimal money laundering According to reports, […]

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