Bittrex announced Friday it will be delisting monero (XMR), zcash (ZEC) and dash (DASH), continuing a trend of so-called privacy coins being delisted by cryptocurrency exchanges.
Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators. Over the past year, many prominent and colorful crypto personalities have been apprehended and arrested. From the jailing of antivirus pioneer John McAfee to the laying of charges against executives from one of the world’s largest exchanges, 2020 didn’t exactly shake off crypto’s reputation as a honeypot for criminals.
The DoJ thinks the FBI needs to shape up when it comes to its cryptocurrency support teams. A recently released U.S. Department of Justice audit of the Federal Bureau of Investigation’s (FBI) practices in regards to darknet criminal investigations concluded that the law enforcement agency is in disarray — and an overarching "cryptocurrency support strategy" might be among the solutions.
On the evening of October 28, the creator of the $5.2 billion cryptocurrency litecoin, Charlie Lee, received stock in a little-known video game startup called Exordium, using technology built on the bitcoin blockchain. While a stock allocation isn’t often the stuff of breaking news, I was there, eating a salad, like it was popcorn at the most gripping science fiction movie of the year.
Canadian holding company dumped XMR and ETH to fund its acquisition. Cypherpunk Holdings (CSE:HODL), a privacy-focused Canadian investment company, has upped its stake in Bitcoin (BTC).
The mining pool of DMG’s Blockchain Solutions subsidiary, Blockseer, will censor Bitcoin transactions to comply with regulations. Monero developer Riccardo Spagni predicts more control over Bitcoin transactions and proposes an increase in network privacy.
The Ministry of Finance is proposing harsh prison sentences for crypto holders, but what about shadow exchanges and darknet criminals? Russia’s vast oversight of cryptocurrency transactions appears to have one crucial blindspot: There doesn’t seem to be any liability for criminals who use digital assets to conduct illegal transactions.