• Bitcoin extortionist jailed
    People

    U.K. Bitcoin extortionist jailed for 14 years

    Sheep farmer contaminated baby food with metal and demanded a $1.8M in bitcoin from U.K. retailer

    A plot to extort money from supermarket chain Tesco by contaminating baby food with broken-up blades of a craft knife and iron filings was fueled by bitcoin and ended with a 14-year jail term.

  • cryptocurrency enforcement framework
    Cryptocurrencies,  Regulation,  United States

    DoJ launches law enforcement guide to crypto

    The Department of Justice’s extensive report, ‘Cryptocurrency: An Enforcement Framework,’ singles out many of the challenges cryptocurrencies bring to law enforcement

    U.S. Attorney General William Barr today released an 83-page report detailing the threats and challenges cryptocurrencies pose to law enforcement, and in some ways, it’s a doozy.

  • Gemini allows Zcash privacy
    Cryptocurrencies,  Regulation,  United States

    Gemini says yes to a privacy coin. Sort of…

    Crypto exchange claims that its Zcash initiative ‘demonstrates that with the right controls in place and the proper education, regulators can get comfortable with privacy-enabling cryptos’

    New York-based, regulator-friendly Gemini now allows its users to withdraw Zcash with shielded transactions that protect user privacy. The company, run by Tyler and Cameron Winklevoss, commented: “This is an exciting moment for crypto, marking the first time shielded ZEC withdrawals are available on a regulated exchange.”

  • digital yuan mandatory
    Cryptocurrencies,  Regulation

    Acceptance of China’s upcoming digital yuan mandatory

    Businesses and individuals will be required to accept the central bank digital currency once it is launched, according to a representative of the People’s Bank of China

    As a consequence of it being classified as part of the cash supply, the upcoming CBDC will have to comply with the laws that currently regulate cash. This includes the mandatory acceptance of the digital currency as a means of payment.