On Tuesday, November 17th, a federal grand jury has charged the developers of a cryptocurrency money laundering scheme known as “Tornado Cash” with money laundering. The individuals identified as Philip Durachinsky and Eduard Shaykhutdinov are accused of running a “mixer” that allowed users to deposit illicitly-obtained cryptocurrencies and subsequently receive other digital coins in return… Continue reading Feds Charge Tornado Cash Crypto Mixer Devs With Money Laundering
Tag: money
‘Bitcoin Bonnie and Clyde’ Plead Guilty to Billion Dollar Crypto Laundering Scheme
The world of crypto-currency is no stranger to headline-grabbing crimes and investigations. In one of the biggest cryptocurrency-related cases to date, a Canadian duo, dubbed the “Bitcoin Bonnie and Clyde”, recently pleaded guilty to a massive billion dollar money-laundering scheme involving Bitcoin. Prosecutors alleged that the couple, Kathleen Robinet and her husband, Pierre Michel Robinet,… Continue reading ‘Bitcoin Bonnie and Clyde’ Plead Guilty to Billion Dollar Crypto Laundering Scheme
Former Hulu exec is building a go-to remittance app for Indian expats
The economy of India has seen remarkable growth in the past few years and this has led to an increasing number of Indians seeking jobs and career opportunities abroad. These expats have the need to regularly send money back home to family members and friends in India, to help with bills and other expenses. Until… Continue reading Former Hulu exec is building a go-to remittance app for Indian expats
Bloom Money raises £1M to digitize finance for ethnic communities
The power of fintech has been making waves in the financial market for quite some time now, and one startup is taking it to the next level by raising £1M to digitize finance for ethnic communities. Bloom Money, a UK-based fintech startup, has announced that it has secured £1M in a seed round backed by… Continue reading Bloom Money raises £1M to digitize finance for ethnic communities
How much money do we think Substack lost last year?
Substack, a newsletter platform founded in 2017, has become increasingly popular amongst content creators looking to monetize their online presence. Although the company has not released any financial figures, it’s clear to see that the company has experienced a period of fast growth in the past few years, with more than 500,000 paid subscribers and… Continue reading How much money do we think Substack lost last year?
Money saving Xbox Series X update now available to all console users
Gaming fans have recently been thrilled with the release of the new Xbox Series X console. This new generation of gaming combines cutting-edge technology with features like 4K visuals and super-fast loading times, allowing for an unparalleled gaming experience. The Xbox Series X has been welcomed with much enthusiasm from gamers, who can finally enjoy… Continue reading Money saving Xbox Series X update now available to all console users
BP: We’re Making Lots of Money on Oil, so Screw the Climate
Oil giant BP recently revealed that it will resume its focus on oil and gas production, likely intensifying its devastating effect on the planet through increased carbon emissions. This decision has sparked outrage from various environmental groups and climate activists, who note that BP’s decision goes against the global trend towards clean energy and puts… Continue reading BP: We’re Making Lots of Money on Oil, so Screw the Climate
Indian fintech Money View valued at $900 million in new funding
Indian fintech startup Money View has just gotten a valuation of $900 million following its latest round of funding. The fintech, which focuses on personal finance, was able to raise $100 million from Sequoia Capital India, DST Global, Saif Partners, and several other venture capital firms. Money View was founded in 2013, and with the… Continue reading Indian fintech Money View valued at $900 million in new funding