Cryptocurrency News | Two US Men Guilty of Selling Drugs for Crypto and Washing $ 2.8 Million

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Two American people pleaded guilty to selling illegal drugs and laundering millions of dollars in cryptocurrency and Western Union payments, Said Manhattan District Lawyer, Cyrus R. Vance, two people from the United States.

Two violations named Callaway Crain, 35, and Mark Sanchez, also 35, denied behind the darknet website "NextDayGear," and also produced some of the substances they sell. The drugs they sell are injectable steroids, oral, Xanax, Valium and Viagra.

The defendant sent 10,000 more packages throughout the United States and generated more than $ 2.3 Million from 2013 to 2018. They reportedly used Western Union and conducted cryptocurrency transactions, which bought and bought into cash.


Callaway Crain and Mark Sanchezebeli buy steroid, chemicals, and other products from China and other countries, which they sell and sometimes with their own brands. Reportedly there are their customers who are NFL players, college football players, professional volleyball players, fitness trainers, police officers and service members assigned abroad.

These two men won money laundering and successful criminal sales, they were threatened with sentences of two and a half years in prison. It is estimated that Crain and Sanchez will be estimated on July 12 this year.

Vance's lawyer commented

"Drug dealers doing business in New York must pay attention: Whether you move in the open or in a hidden corner of the dark network, my office has the skills and resources to make money, close your business, and ask you to be responsible. "


This sentence is claimed to be the first, in which a money-laundering case carried out by Cryptocurrency took place in New York, USA. On April 16, New York state prosecutors also charged three people for selling illegal drugs and washing $ 2.3 million in cryptocurrency.

Source: cointelegaph


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Cryptocurrency | 4 Korea Crypto Exchange Collaborates to Deal with Money Laundering

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Exchaanger's cryptocurrency based in South Korea Bithumb, Coinone, Korbit, and Upbit work together to facilitate washing potential, as well as what users can use.

This collaboration was announced last Friday and they will set up a hotline to share real-time wallet information about the crypto trade that was purchased. Their aim is to discuss crypto trading with suspected phishing relationships, loan borrowers, approving pyramids and other illegal activities and sharing related information through the hotline.


They will also operate a shared database of suspected wallet addresses which, for example, can help them and delay scammers.

Companies that plan to support, Crypto, Others to join the Company.

The news came after Korean CoinDesk held a forum with members agreeing to the country regarding know-your-customer (KYC) and anti-money laundering (AML) agreements. 7 crypto transfer market at that time an agreement to guarantee user protection.

Back in November, the Korea Lawyers Association asked the government to increase the Blockchain agreement and prevent illegal actions involving cryptocurrency.


In June last year, the South Korean financial body amended the anti-money laundering regulations for crypto agreements in the country, which required domestic banks to tighten related banking transactions.

Source: Coindesk


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Cryptocurrency Exchange | Seed CX Exchange launches spot trading for institutional investors

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Chicago America-based cryptocurrency transfer market, Seed CX, has launched a trade for investor investors.

Spot trading is the purchase or sale of a currency, financial instrument or trade for immediate delivery. Spot contracts can be completed by sending physical instruments, contracts, or currencies.

Seed CX has announced spot trading for the Bitcoin (BTC) market to the US dollar pair, while the Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) pairs will be added by the end of next month. In Q1 2019 (published at the end) Seed CX will add crypto coverage support to Fiat Euro and Japanese Yen.


The company also announced it would offer a market for digital asset derivatives regulated by the American CFTC.

The company also claims zero costs for depositing and withdrawing fiat or digital assets. all deposits will be issued and deposited in the US Bank regulated by the Federal Deposit Insurance Corporation.

The CEO of Seed CX, Edward Woodford, claims that the company has received positive feedback in terms of its features.


This month, Seed CX will launch a digital wallet with an on-chain agreement for investors. this project was developed with Zero Hash, which is a subsidiary. approved on-chain solutions must be approved by FinCEN to be approved as money transmitters in 25 countries.

Source: cointelegaph


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Bitcoin News | Lightning Labs Launches Lightning Network Client For Bitcoin Networks

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The developer of Blockchain, Lightning Labs, has announced that they will release the alpha version of Lightning network (LN) for the main network of Bitcoin (BTC).

Alpha version of Network Lightning is intended for testing and development who want to start experimenting with software. The developer warns that these network users may not put funds into the application from what they provide for their removal.

This software was released for platforms such as MacOS, Windows, and Linux, and they also said in the competition that it also stipulates that it is an important stepping stone in the development of the mobile version.


Team notes
"We are working as quickly as possible to get out of our main net iOS and Android applications immediately."

The company is also committed to privacy, security, and self-determination, the principles that Bitcoin believes are built on it. The announcement explained that to provide a system that is in line with those principles, the company needed to release a non-containment client solution that was easy to use.

Posting note:
"Scaling Bitcoin and Lightning to everyone means not requiring people to follow complicated regulatory processes or hand over their funds to trusted partners."


New network lightning was released using Lightning network Neutrino bitcoin, this makes it possible to use LN scalability solutions without downloading all data on the blockchain. Neutrino only needs to download and verify tens of megabytes. Because it is done in minutes, allowing low-power devices such as smartphones to be used practically.

Source: cointelegaph


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Cryptocurrency | BitPay Introduces Payments in Stablecoin

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BitPay, an American-based global cryptocurrency payment service company, received stable coin as payment. The company allows its users to accept payments in Gemini Dollars (GUSD) and Circle USD Coin (USDC).

GUSD and USDC are stable coins that are based on Blockchain Ethereum and published by the Gemini and Circle cryptocurrency exchange exchanges, the price of GUSD and USDC is pegged to the US Dollar at a 1: 1 ratio thereby reducing the risk of volatility.

Bitpay was founded in 2011 in Georgia, America, BitPay received payments with Cryptocurrency Bitcoin (BTC) and Bitcoin Cash (BCH), the company has a user base of up to 200.00 businesses worldwide.

In his Blog post-BitPay said that stable coin allows traders to accept payments throughout the world even if they do not have a bank account, BitPay claims to issue payments for GUSD and USDC within 24 hours after the merchant gets a sufficient balance of payments from 20 GUST or 20 USDC.

Source: cointelegaph



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Blockchain Busines | GSR Company Launches Krypto Hedging Products

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GSR, which is a crypto trading company based in Hong Kong, has announced the launch of the cryptocurrency variance swap product in a press release on April 24. This product will protect the hedge against market volatility.

The product will allow investors, traders, businesses, and other crypto portfolio holders to hedge against crypto volatility in the market. According to Investopedia, financial swaps are financial derivatives used to speculate about the volatility of assets.


This derivative allows the user to trade the difference between the predetermined value and the variance that occurs during the duration of the swap. The company also explained there were ways to get similar effects through the use of existing vanilla options.

In this release, the GSR claimed that they managed to manage and trade billions of dollars in digital assets through their software.


The SWIS main exchange has traded products based on XRP, and private bank Kleinwort Hambros, launched a note traded on an exchange consisting of companies related to the Blockchain.


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Blockchain | Get the BAT Token from watching ads on Brave ADs

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The decentralized browser, Brave, has launched Brave ADs, an option that allows users to get prizes in the form of Token Basic Attention Token (BAT) for watching advertisements. this news was announced on the Brave website on April 24, 2019 yesterday.

From the announcement, Brave Browser users will get 70% of advertising revenue in the form of a BAT Token for their attention to the ads they watch. Brave ensures that they are connected with people who are interested in advertising eliminating costs, and risks associated with privacy, security, and fraud.

The Brave company works with Blockchain consultants, The Giving Block, to provide ad inventory and test use cases, as well as non-profit organizations from the Human Rights Foundation, which can contribute or help through Brave Gifts.


Brendan Eich, CEO, and co-founder of Brave Software said:

"With Brave Ads, we are launching a digital advertising platform that is the first to protect user data rights and to reward them for their attention. Brave Ads also aims to improve the economy and conversion of the online advertising industry, so publishers and advertisers can develop without intermediaries collecting costs big and that contributes to oversight throughout the web. "

Earlier this year, Brave partnered with the news website, Cheddar, to offer free content to users for three months. It is said that users can automatically access Cheddar Premium content, without doing anything


In December 2018, the HTC Blockchain mobile phone made Brave the default browser.


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