Darknet Bitcoin mixer pleads guilty to laundering $300M
Larry Dean Harmon, an Ohio citizen, pleaded guilty to laundering more than $300 million while running the Helix darknet-based Bitcoin mixing service from 2014 to 2017. The 38-year-old pleaded guilty to laundering more than 350,000 Bitcoin through Helix from 2014 to 2017, according to the US Department of Justice. Bitcoin mixers use to anonymize Bitcoin […]
El Salvador releases new Bitcoin banking regulations
The Banco Central de Reserva (BCR), El Salvador’s central bank, has published a draft that involves two documents detailing how banks should deal with transactions involving Bitcoin. On Aug. 17, two documents were made available for comment, advising banks and financial institutions on how to provide Bitcoin-related services to their consumers. The first, headed “Guidelines […]
Nvidia did not sell as many crypto-mining GPUs as expected in the second quarter
Nvidia’s crypto-mining GPU line fell below predictions. The company expects a minimal contribution from its cryptocurrency mining processor sales moving forward. The IT behemoth from California released its financial figures for the second fiscal quarter, which ended on August 1, 2021. Sales of gaming, data centre, and professional visualization equipment boosted revenue to $6.51 billion, […]
Safeguards for a future retail CBDC outlined by Thailand’s central bank
The Bank of Thailand has released the findings of a new study on how to handle the financial sector’s implications of issuing a retail central bank digital currency (CDBC). The results of a new study from the Bank of Thailand point to three key considerations for making sure a retail central bank digital currency doesn’t […]
UK university joins Hedera governing council
Top-five UK university, the London School of Economics and Political Science has joined Hedera Hashgraph as the second academic institution to embrace the blockchain platform. Following UCL’s entrance last year, the London School of Economics and Political Science (LSE) has joined Hedera Hashgraph’s panoply of 39 worldwide governing council members , confirming their role Hedera […]