The CBInsights’ Blockchain Report 2020 reveals that, despite the substantial decline in funding dollars, the number of deals backed by venture capital firms was relatively steady—falling just 2% year on year. To cut a long story short, projects haven’t dried up entirely… it’s just that each of them is receiving less financing on average.
US sues BTC-e exchange owner Alexander Vinnik for $100 million
The FinCEN lawsuit comes in addition to criminal charges alleging money laundering for drugs and cryptocurrency exchange hackers
Alleging violations of the Bank Secrecy Act, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) filed a civil suit against BTC-e founder Alexander Vinnik on July 25, seeking to recover more than $88 million in customer funds from the exchange and $12 million in from Vinnik personally.
Coinbase parts ways with controversial Neutrino founders
The blockchain surveillance and compliance firm’s founders were part of the infamous spyware company Hacking Team
Less than two weeks after announcing its acquisition of blockchain surveillance and compliance firm Neutrino, leading cryptocurrency exchange Coinbase has parted ways with the firm’s controversial founders.