FBI Launches New Virtual Asset Unit Focuses on Blockchain and Seizure of Virtual Assets Including Cryptocurrencies
The Department of Justice on Thursday appointed Eun Young Choi to serve as the first Director of the National Cryptocurrency Enforcement Team (NCET). The NCET was established to ensure the department meets the challenge posed by the criminal misuse of cryptocurrencies and digital assets, and comprises attorneys from across the department, including prosecutors with backgrounds…
Senate Infrastructure Bill Targets Cryptocurrencies
Coindesk is reporting that the infrastructure bill pending in the US Senate has language that would redefine cryptocurrency brokers. The language seems to expand the definition from large exchanges like Coinbase, Kraken, and Gemini, to include software and hardware wallet developers, multisig service providers, and possibly even crypto miners. This could impact anyone running a…
"Simply Insane" Central Banks Attack Cryptocurrencies
Authored by Daniel Lacalle, The main central banks of the world are increasing money supply in an uncontrolled and unjustified way in what is so far the largest transfer of wealth from savers to governments ever. While savers see their deposits disappear with negative real rates and devaluations, while central banks seek at all costs to…
Is Bitcoin Strangling The Other Cryptocurrencies?
Authored by John Rubino via DollarCollapse.com, Bitcoin had a helluva week. And many of its fans see its recent spike as just the beginning of a run that converts it from cult favorite to global reserve currency. That’s an exciting prospect for a lot of reasons. But it’s not yet a done deal. One of…