Bitcoin Adversary Senator Bob Menendez Found Guilty In Federal Bribery Case
In a shocking turn of events, United States Senator Bob Menendez, a Democrat from New Jersey and a known critic of Bitcoin and cryptocurrencies, has been convicted in a major bribery scandal. Menendez is accused of collecting payments in return for using his influence to support the interests of foreign countries, which has raised crucial […]
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U.S. Senator Elizabeth Warren has been a known crypto adversary. She claims Bitcoin and cryptocurrencies have a negative impact on the environment and facilitate cyber-attacks. She has taken a new step that could change this industry. In a letter to the U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, Warren called for “properly” regulations […]
A former supporter of the Bitcoin mining industry and official in several of China’s regional government positions was sentenced by a court in the Zhenjiang Province. Xiao Yi was found guilty of abusing power and accepting over $20 million in bribes while serving as a public agent. Related Reading: Cardano (ADA) Has Finally Become King […]
Last month, Ross Ulbricht was found guilty by a federal jury in New York on all seven charges, including the "continuing criminal enterprise" charge normally reserved for traditional criminal organizations. Some of the bitcoins found on his laptop were sold off before the trial was concluded. Pundits nationwide speculated then that he will get the maximum penalty of life in prison, but his sentencing does not take place until May. High-profile felony cases are nearly always appealed, and occasionally even the most guilty-looking individuals either win or get a lighter sentence on appeal.....
Anthony Murgio pleaded guilty yesterday to conspiring to operate an illicit bitcoin exchange, according to The Palm Beach Post. He will be sentenced in June. Murgio was accused of operating the bitcoin exchange, Coin.mx, that laundered cash for Internet criminals, including drug dealers, and facilitated extortion schemes. He was accused of operating an unlicensed money transfer business that used bitcoin to launder cash. The plea comes less than three weeks after prosecutors released a new indictment against Murgio and two others. Case Ensnares Murgio’s Father. The case against Murgio, who....
When Ross Ulbricht was found guilty for administering the darknet marketplace known as the Silk Road, it marked the beginning of a campaign by supporters to at least lessen the then 30-year-old’s life sentence. In October 2013, Mr. Ulbricht was working at the San Francisco Public Library when he was surrounded by federal agents who detained him. Sent to New York to face trial for running the darknet marketplace, Mr. Ulbricht was swiftly found guilty. In the weeks after the guilty verdict, increasingly worrisome circumstances regarding the case surfaced, such as corruption of lead....