Day: March 25, 2022

Former Party Organizer Indicted for Laundering $2.7M in Bitcoin and Cash

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In a statement, the Manhattan DA alleged that between January 2018 and August 2021, the 42-year-old Spieker converted over $2.3 million into Bitcoin, and separately, more than $380,000 of Bitcoin into U.S. dollars, via “a rotating set of accomplices” who opened bank and crypto exchange accounts to enable the laundering of “criminal proceeds.” “As alleged, this sprawling web of international money laundering helped drug traffickers, an organized crime ring, and scammers hide their criminal activity and transmit their proceeds around the globe,” New York District Attorney Alvin Bragg said in…

LG Electronics Expands Business in terms of Blockchain Technology & Crypto

As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter, according to local news outlet Korea JoongAng Daily.  During the company’s Annual General Meeting (AGM) held on March 24, shareholders approved these changes so that its new objectives would entail the brokerage and sale of cryptocurrencies and the development and sale of blockchain-based software.   When asked if the new business plan would include the establishment of a crypto exchange, the…

Russia-Ukraine War Has Potential Impact on Accelerating Digital Currencies – Featured Bitcoin News

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The CEO of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” Blackrock on the Acceleration of Digital Currencies Blackrock CEO Larry Fink published his 2022 letter to shareholders Thursday with a section on digital currencies. Blackrock is the world’s largest asset manager, overseeing more than $10 trillion. “The Russian invasion of Ukraine has put an end to…

Russia’s energy chief says it would accept Bitcoin for oil and gas

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The Russian Federation’s energy chief Pavel Zavalny has floated the possibility of accepting Bitcoin as payment for its oil and gas from “friendly countries” such as China and Turkey. He said those countries could begin paying for energy in Russian Rubles, Chinese Yuan, Turkish Lira — or even Bitcoin (BTC) — rather than the international standard US dollar. According to Russian news media RBC, Chairman of the State Duma Committee on Energy Zavalny stated at a Mar. 24 press conference that he and representatives from China and Turkey have been…

Who is the real Satoshi Nakamoto, creator of Bitcoin? Kurt Wuckert 'The Bitcoin Historian' answers

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Kurt Wuckert Jr., the “Bitcoin Historian” at CoinGeek, discusses with David Lin, anchor for Kitco News, evidence that points to the real identity of Satoshi Nakamoto. Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Kurt Wuckert Jr on Twitter: @kurtwuckertjr ( #Satoshi #Bitcoin #CraigWright __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people…