Crypto News

Kucoin’s guilty plea exposed billions in illicit transactions, with $297M in penalties and a forced U.S. exit as the DOJ links it to darknet crimes. Kucoin Guilty Plea: DOJ Uncovers Billions in Suspicious Crypto Transactions The U.S. Department of Justice (DOJ) announced on Monday that Peken Global Ltd., the Seychelles-based operator of cryptocurrency exchange Kucoin,Source link

KuCoin has pled guilty to one count of operating an unlicensed money transmitting business and has agreed to pay penalties of over $297 million, the United States Attorney's Office for the Southern District of New York said in a release on Tuesday."KuCoin avoided implementing required anti-money laundering policies designed to identify criminal actors and prevent illicit transactions," U.S. Attorney Danielle R. Sassoon said in a statement. "KuCoin was used to facilitate billions of dollars’ worth of suspicious transactions and to transmit potentially criminal proceeds, including proceeds from darknet markets and malware, ransomware, and fraud schemes," the statement added.As part of the guilty plea, KuCoin has agreed to exit the U.S. market for atleast two years and two of the exchange's...

Microstrategy unveiled plans to issue preferred stock to fuel bitcoin acquisitions, following its $1.1 billion BTC purchase, solidifying its aggressive digital asset investment strategy. Microstrategy Powers Ahead as New Funding Fuels Its Bitcoin Buying Machine Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) announced Monday plans to issue 2,500,000 shares of Series A Perpetual Strike PreferredSource link

Bitcoin is poised to hit “multiple millions,” Coinbase’s CEO declared, citing surging institutional adoption, ETF inflows, and the transformative potential of clear U.S. legislation. Bitcoin to Reach Multiple Millions? Coinbase CEO Predicts Massive Growth Coinbase CEO Brian Armstrong shared his thoughts on the state of cryptocurrency during an interview with CNBC last week. He discussedSource link

Inflows to crypto products hovered around $2 billion for the second week in a row, with Bitcoin seeing more than 80% of those inbound funds.Source link