CZ’s Trial Proves it Pays to Cooperate
His four-month sentence was vindication for the Binance founder’s legal strategy.
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His four-month sentence was vindication for the Binance founder’s legal strategy.
Although it’s actually conservative.
There was a lot of news last week, but maybe the biggest news came Wednesday when the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. The arrest ramps up the federal government’s efforts to tamp down on what it sees as money laundering enabled by privacy tools, and sets up a continuation of that broader conversation on where the right to transact in privacy fits within national security interests.
Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under threat?
ConsenSys founder Joseph Lubin is also a co-founder of Ethereum. (CoinDesk)
Co-founders Keonne Rodriguez and William Lonergan Hill are charged with money laundering related to the privacy-protecting wallet.
Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.
(Markus Spiske/Unsplash, modified by CoinDesk)
One of the closely watched indicators of retail interest is booming.
The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.