Tag: Money Laundering

Bitcoin Price Watch: Currency Maintains $8,100 Position

The father of cryptocurrencies is holding its mark at $8,100. Following a small drop just 48 hours ago, the currency has risen to its present spot, and has held its ground since yesterday. Bitcoin has allegedly developed a new stronghold following its worst quarter since 2011, and for the most part, analysts remain confident that it will continue to rise through the ranks and strike new highs in 2018. Broker …
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Backpage CEO Pleads Guilty to Laundering Money Using Cryptocurrencies

Not too long ago, the Backpage.com platform was seized by the US government. This particular development also had some repercussions for cryptocurrencies, as the site’s CEO was charged with laundering money using Bitcoin and other cryptocurrencies. It now seems he has pled guilty to these charges and intends to flip on other website officials. Backpage Money Laundering and Cryptocurrency The entire story involving Backpage.com and its officials has been quite interesting to keep an …
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Backpage.com Seized by US Justice Department, Cryptocurrency Connection Remains Unclear

Most people are aware that Backpage.com has been seized by the US Justice Department. This development has caused quite a stir, although a lot of unsavory evidence has surfaced in the past few days. It seems the owners of this platform have engaged in money laundering involving cryptocurrency. It’s not a positive development for this nascent industry either. The Backpage.com Plot Thickens What is happening to Backpage.com is quite interesting. After …
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Arizona Bitcoin Trader Awaits Sentencing for Money Laundering

Trading Bitcoin tends to attract a lot of attention from the authorities these days. This is especially true when trading it in a peer-to-peer fashion. One man’s Bitcoin trading activity will land him in jail due to five money laundering charges. A Major Blow for P2P Bitcoin Trading Arizona-based Thomas Costanzo was found guilty of five counts of money laundering in Phoenix last week. It is a very troublesome development, as this individual …
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