Money

Buffett extols importance of cash over ‘new form of money’: reports

Buffett extols importance of cash over ‘new form of money’: reports

advertisement Legendary investor Warren Buffett championed cash over “new forms of money” and said Berkshire Hathaway would “always have a lot of cash on hand,” as CNBC, CNN and others published live updates of him addressing the company’s annual shareholder meeting today in Omaha, Nebraska. Buffett, 91, didn’t specify bitcoin or other cryptocurrencies, though in …

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California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

California man to serve three years in federal prison for illegal bitcoin exchange and money laundering

advertisement A California man who in February agreed to plead guilty to felony charges of money laundering and operating a crypto exchange without proper licensure has been sentenced to three years in federal prison, according to a release from the U.S. Department of Justice. As The Block previously reported, Hugo Sergio Mejia operated a Bitcoin-to-cash …

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Crypto Revolution: Your Guide to The Future of Money Now Available!

Crypto Revolution: Your Guide to The Future of Money Now Available!

This is a sponsored content. Learn how to reach our audience here. This content is not a direct offer, recommendation, or endorsement of any products, services, or companies mentioned. Blockgeeks.c This is a sponsored content. Learn how to reach our audience here. This content is not a direct offer, recommendation, or endorsement of any …

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SEC issues no-action letter in response to digital asset securities questions

SEC fines ICO rating website for taking money from issuers in exchange for better reviews

On July 14, the U.S. Securities and Exchange Commission unveiled settled charges against UK-based Coinschedule.  Accessible in the U.S. from 2016 to August 2019, Coinschedule was a platform that reviewed upcoming initial coin offerings, providing seemingly objective perspective as to which ICOs were more or less scammy.  Per the SEC’s order: “The platform claimed to …

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Former BitMEX CEO Arthur Hayes surrenders to US authorities: report

U.S. Justice Department seeks crypto-specialized trial attorney for money laundering recovery

Per a job posting that appeared on June 21, the Department of Justice is looking for an attorney specialized in digital assets to join its criminal division.  The new hire will serve as the “subject matter expert on digital currency and blockchain technologies for the Criminal Division,” specifically the Digital Currency Initiative. The DCI itself …

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FBI aids Ohio county to help stop scam victims from sending money via bitcoin ATMs

FBI aids Ohio county to help stop scam victims from sending money via bitcoin ATMs

The number of scams that involve would-be victims buying bitcoin has risen high enough in Cleveland’s Cuyahoga County that the Federal Bureau of Investigations (FBI) has gotten involved.  The Cuyahoga County Department of Consumer Affairs teamed up with the FBI to place signs around Bitcoin ATMs warning people about possible scams, such as someone claiming …

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Bitcoin’s price rallied during a week of election uncertainty. Traders say more money is waiting on the sidelines

Bitcoin’s price rallied during a week of election uncertainty. Traders say more money is waiting on the sidelines

As markets continue to digest the 2020 U.S. presidential election’s unique uncertainties, bitcoin traders say there’s capital on the sidelines that could propel the digital currency’s price to further highs. The price of bitcoin has swelled during the past week, breaking through key price levels, including $15,000. Bitcoin isn’t the only crypto trading in the …

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