• money laundering
    Cryptocurrencies,  Europe,  United States

    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.

  • Call in the experts: Jeremy Allaire of Circle, Rebecca Nelson of The Blockchain Association, and Mehrsa Baradaran of the University of California, Irvine School of Law before the U.S. Senate Banking Committee, July 30, 2019.
    Bitcoin,  Cryptocurrencies,  Libra,  Politics,  United States

    Analysis: Cryptocurrency experts tell Senate innovation requires regulation

    In the wake of Facebook’s Libra plan, a Senate Banking Committee hearing shows Congress getting serious about cryptocurrency regulation

    A week after the U.S. government’s inaction on cryptocurrency regulation drove Jeremy Allaire to move most of his company out of the U.S., the Circle chairman and CEO told congress why.

  • Tron CEO Justin Sun showing he's not a hostage, posing with his "comms guy" whom he also called his "bodyguard," via Twitter, July 23, 2019.
    Alt coins,  Asia & Australia

    Justin Sun-Warren Buffett $4.6 million lunch delay mystery deepens

    Calling into question Sun’s story of kidney stones, the Tron founder posted an abject apology on Weibo for over-marketing the meal

    On Thursday, Sun wrote an abject, public apology on his Chinese Weibo account for “over-marketing” his high-profile lunch with Berkshire Hathaway chairman and CEO Warren Buffett. Two months ago, Sun spent $4.6 million in a charity auction to win the lunch with the legendary investor, and has been hyping it by inviting his seven allotted guests one at a time via Twitter.

  • Justin Sun with YouTuber BitBoy Crypto and CryptoWendyO at the afterparty for Tron Influencer Day (photo by Faran Thomason).
    Alt coins,  Asia & Australia,  Media,  Uncategorized

    Tron influencers ate Warren Buffett’s lunch and loved it

    Justin Sun woos YouTubers at afterparty

    It’s been a strange week covering Tron. What was supposed to be a conversation with legendary investor Warren Buffett on the merits of building the new global economy with cryptocurrency quickly devolved into a non-event. The planned $4.6 million charity lunch was abruptly cancelled due to Justin Sun’s health concerns.