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“# Microsoft employee sentenced to 9 years in first U.S. Bitcoin case involving tax fraud ” A former Microsoft engineer has been sentenced to nine years for stealing more than $10 million in digital value from his past employer in the form of “currency stored value” (CSV) including gift cards. Volodymyr Kvashuk, a 26-year-old Ukrainian…
“# Monero podcaster loses NY congressional race ” Douglas Tuman, a crypto enthusiast and host of the Monero Talk podcast, has lost in his bid to represent New York’s 4th District in the U.S. Congress. According to election results from The Associated Press, Tuman, a Republican, received 134,243 votes to incumbent Democrat Kathleen Rice’s 147,580…
“# FUD or regulatory change? Rumor clouds swirl around crypto exchanges ” The mood of fear, uncertainty and doubt, otherwise known as FUD, that has gripped some of the largest cryptocurrency exchanges since October heightened last week — and it had nothing to do with the United States presidential election. “Weird Binance fud Friday and…
“# New Jersey follows in its neighbor state’s footsteps with crypto license bill ” The New Jersey Senate is set to consider a new bill that proposes the creation of a new, mandatory licensing framework for all cryptocurrency firms operating in the state. Introduced on Nov. 5, the new Senate bill, or “Digital Asset and…
“#Mayor de Blasio hails NYC for voting ‘amidst the greatest crisis’” New York City Mayor Bill de Blasio brought the presidential election to the pulpit Sunday, telling Manhattan church-goers that the nation “turned out amidst the greatest crisis’’ in its history to elect Joe Biden. “We all join in congratulating President-elect Joe Biden. Doesn’t that…
“# Real estate markets look to blockchain as COVID-19 pressures industry ” A number of industries are being negatively impacted by the COVID-19 pandemic, including the United States housing market, which is valued at $33.6 trillion. Recent findings from Zillow, an American online real-estate database company, show that despite low mortgage rates, the coronavirus has slowed…
“#U.S. sets record for new COVID-19 cases for the fourth day in a row” For the fourth time in as many days, the U.S. has set a record for the number of new COVID-19 cases in a single day. There were 134,377 new coronavirus cases reported in the country on Saturday, along with 1,147 deaths,…
“# Law Decoded: New administration and the DoJ’s continued flex in crypto, Oct. 30–Nov. 6 ” Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Are you over the election? I’m over the election. But you can bet that as soon as I…
“# Brazilian gov’t gets help from US Justice Department to seize $24M in crypto ” According to a Wednesday filing, the U.S. Justice Department seized $24 million in virtual currency pursuant to an official request from the Brazilian government. The Department of Justice, or DoJ, said that the government of Brazil requested its assistance in…
“# Justice Department files antitrust lawsuit against Visa’s acquisition of Plaid ” The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ is arguing is an illegal play to achieve monopoly. According a complaint filed by the DoJ on Thursday: “Visa seeks to buy Plaid — as…