Bitcoin Money Launderer Pleads Guilty After Sting Operation
A Bitcoin money launderer has pled guilty to more than $13 million worth of illegal activities involving the cryptocurrency following a long-running sting operation. Hugo Mejia, 49, from Ontario, admitted operating an unlicensed money transmitting business and money laundering which could land him up to 25 years in prison following a 10-month sting operation.
XRP is often dismissed by many in the cryptocurrency community as a centralized bank-loving token that is destined for failure. The passionate XRP army is always quick to defend and promote the coin wherever they can, but it has become noticeable that some of those followers are becoming disillusioned with the token’s performance in recent years and the lack of progress made by Ripple Labs. Three years after it was set to revolutionize the banking world, is the XRP dream finally over?
Read the full article at FullyCrypto: https://fullycrypto.com/xrp-after-two-years-of-decline-is-the-dream-finally-over
An NFT by renowned digital artist Beeple has smashed the sale record for a single piece when it re-sold for $6.6 million yesterday on NFT marketplace Nifty Gateway. CROSSROAD #1/1, a short animation centered around Donald Trump’s defeat at the 2020 election, was sold by its previous owner who bought it for $66,666.60 in November last year, marking a handsome 100x return for the original buyer. Beeple has been a fixture in the digital art world for some time, and his reputation has spilled into the NFT market and helped it establish itself as a mainstream part of the blockchain ecosystem.
Read the full article at FullyCrypto: https://fullycrypto.com/beeple-nft-crossroad-sets-record-after-6-6-million-sale
Spain’s government has firmed up its plans to oblige cryptocurrency owners to disclose their holdings to the tax authority, according to spokeswoman Maria Jesus Montero. Montero added that the new regulations, which were first mooted in 2018, will form part of a wider package of legislation targeting tax fraud and will see cryptocurrency lumped in with foreign asset holdings.
Read the full article at FullyCrypto: https://fullycrypto.com/spanish-cryptocurrency-disclosure-law-moves-closer
Craig Wright, the self-proclaimed Bitcoin creator, has labelled himself “the punishment of God in cryptocurrency” as he threatened to take down more copies of the Bitcoin whitepaper. In a series of messages on a private Slack channel that illustrated just how far Wright is pushing the boundaries of his mental stability, he also stated his desire to “burn Cryptocurrency into non existence and have the US government collect the ashes” if Bitcoin developers continue to use the Bitcoin name in their work.
Read the full article at FullyCrypto: https://fullycrypto.com/craig-punishment-of-god-wright-threatens-armageddon
Marathon Patent Group, a Las Vegas-based digital asset technology company, has announced that it has followed the example set by MicroStrategy and converted some of its treasury into Bitcoin. The NASDAQ-listed company revealed its purchase yesterday, saying that the move is directly influenced by the moves made by other publicly listed players and that Bitcoin represents a better alternative to a depreciating dollar. The company is also taking a huge step into the Bitcoin mining sphere, announcing at the same time that it has contracted to buy over 100,000 ASIC mining machines to be delivered in 2022.
Read the full article at FullyCrypto: https://fullycrypto.com/marathon-buys-150-million-in-bitcoin
The almost two-year old feud between Bitmain co-founders Micree Zhan and Jihan Wu has finally come to an end after Wu agreed to step down from his role as CEO and Chairman, leaving Zhan in control of the company. The long running saga, which escalated to the point of a private army being hired to force access to the Bitmain offices, has ended more amicably with Zhan reportedly buying out Wu’s share of the company they founded in 2013.
Read the full article at FullyCrypto: https://fullycrypto.com/bitmain-conflict-ends-as-jihan-wu-steps-down
Ethereum has introduced a new smart contract language for the first time since its development in 2013. Fe, pronounced Fee, takes its name from the chemical element iron in the periodic table, and has been created to allow more choice for developers who might already be familiar with other languages like Rust and Python. The language should be ready for demonstration at the end of this year and will roll out fully in 2021.
Read the full article at FullyCrypto: https://fullycrypto.com/ethereum-introduces-fe-smart-contract-language
Bitcoin dominance has dropped to a make or break level which, one way or the other, brings the current alt season one step closer to its end. The level has been dropping almost consistently since March 14, and yesterday hit a crucial support level at the 56.25% region
Read the full article at FullyCrypto: https://fullycrypto.com/alt-season-at-risk-as-bitcoin-dominance-hits-crucial-level
Esteemed investment advice service The Motley Fool has performed an astonishing U-turn and purchased $5 million worth of Bitcoin with the intention of seeing it through until it goes 10x. The site, which has savaged Bitcoin on a regular basis for years, announced the shock news yesterday in a move that is so uncharacteristic that this author had to check it wasn’t April Fool’s Day.
Read the full article at FullyCrypto: https://fullycrypto.com/motley-fool-buys-5-million-in-bitcoin-in-shock-u-turn