• The U.S. Department of Justice has charged two Russians for conspiring to launder 647,000 Bitcoin stolen from their hack of Mt. Gox in 2011.
• They are accused of using their unauthorized access to Mt. Gox servers to transfer BTC to wallets controlled by them and their co-conspirators between 2011 and 2014.
• Additionally, they are charged for operating the BTC-E virtual currency exchange which laundered funds for cybercriminals worldwide.
Ooki DAO Fined by CFTC
The U.S. Commodity Futures Trading Commission won a court victory against Ooki DAO, ordering it to pay a $643K fine after charges that it manipulated the cryptocurrency futures markets during 2017-2018 period.
Ex-SEC Chair Jay Clayton on Crypto
Ex-SEC chair Jay Clayton said that the agency is having “blunt conversations” on cryptocurrency, while also endorsing “true stablecoins” as potentially beneficial financial instruments with potential for mainstream adoption in the future.
Crypto Exchange Halts US Institutional Offering
Crypto exchange Crypto.com announced that they will be halting offering its services to US institutional investors but assured retail users that there will be no disruption in service or availability of assets held on the platform’s wallet infrastructure .
Ethereum Needs Three Transitions
Vitalik Buterin, Ethereum’s creator said that Ethereum needs three critical transitions – namely proof-of-stake (PoS), sharding and eWASM/Casper – in order to continue being successful going forward into the future..
US DOJ Charges Two Russians With Laundering Over 600k Bitcoin
The DOJ alleged the Russian nationals set up a virtual asset platform, BTC-E, from the proceeds of their Mt. Gox hack and charged them with laundering over 600k bitcoin through this platform