5.13.2019

bitcoin has an island clearing of US $ 35,000

BITCOIN

Bitcoin [BTC]: Financial Crime Enforcement Network raises penalty on trader for violating banking norms

Akash Anand
Published
 3 weeks ago 
on
 April 20, 2019
Bitcoin [BTC]: Financial Crime Enforcement Network raises penalty on trader for violating banking norms
Source: Pixabay
The number of illegal activities in the world of digital assets has always kept law enforcement agencies on their toes. New reports revealed that the Financial Crime Enforcement Network [FinCEN] of the United States has penalized Eric Powers, a peer to peer Bitcoin [BTC] trader for violating the Bank Secrecy Act and its sub-clauses, including, registration, reporting requirements and program.
Kenneth A. Blanco, the FinCEN Director stated:
“Obligations under the BSA apply to money transmitters regardless of their size. It should not come as a surprise that we will take enforcement action based on what we have publicly stated since our March 2013 Guidance—that exchangers of convertible virtual currency, such as Mr. Powers, are money transmitters and must register as MSBs.”
The Director further added:


“In fact, there were indications that Mr. Powers specifically was aware of these obligations, but willfully failed to honor them.  Such failures put our financial system and national security at risk and jeopardize the safety and well-being of our people, as well as undercut responsible innovation in the financial services space.”
The regulatory body also pointed out that Powers had conducted transactions on the dark web too, more specifically, on the infamous Silk Road. Details have emerged that Powers also conducted physical transfers of over $10,000. This was followed by Powers purchasing BTC worth $5 million spanning 160 purchase orders and as noted by the FinCEN, these purchase orders were conducted in public places like coffee shops to avoid identification.
The organization further stated that Powers later complied with the authorities in getting the case resolved. As a measure against his illegal activities, FinCEN stated:
“In addition to paying a $35,000 fine, Mr. Powers has agreed to an industry bar that would prohibit him from providing money transmission services or engaging in any other activity that would make him a “money services business” for purposes of FinCEN regulations.”




Akash Anand
    
Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.
ADVERTISEMENT

NEWS

Bitcoin, Bitcoin Cash, Binance Coin, Dash, Ontology exhibit double-digit rally in the past 24 hours

Avatar
Published
 8 hours ago 
on
 May 14, 2019
By
  
Bitcoin [BTC], Bitcoin Cash [BCH], Binance Coin [BNB], Dash [DASH], Ontology [ONT] exhibits double-digit rally
Source: Pixabay
The cryptocurrency market turned green, driving the collective market cap to over $230 billion. As the market flashed green, most of the top digital coins were nearing double-digit pumps. The Bitcoin bulls followed by subsequent upward surges recovered the market sentiment as altcoins followed suit.
Binance Coin [BNB]:
Binance’s native token BNB emerged as a clear winner and was valued at $24.02 post rallying a massive 16.67% over the past 24-hours. At press time, the digital coin held a market cap of $3.39 billion and recorded a trading volume of $3.84 billion over the past 24-hours. BNB accumulated a significant amount of 27.88 trading volume via the trading pair BNB/BTC at Binance.
Source: TradingView
Bitcoin [BTC]:
The king coin remained the second biggest gainer, surging by 12.68% and was priced at $7,794 breaking all the previous set resistances, at the press time. BTC’s market cap shot up to $ 137.9 billion and posted a 24-hour trading volume of $27.14 billion. The gold crypto continued to rise parabolically as XBT/USD trading pair contributed over 18% of the total volume in Bitmex.
Source: TradingView
Bitcoin Cash [BCH]:
The BCH also managed to post double-digit gains after pumping by 11.47% over the last 24 hours, which drove the coin to a price of $386.48. At press time, Bitcoin Cash held a market cap of $6.8 billion and registered a 24-hour trading volume of $3.68 billion. The digital coin via the trading pair BCH/USDT accumulated over 10% of the entire trading volume.
Source: TradingView
Ontology [ONT]: The twentieth largest coin on CoinMarketCap, ONT, held a market cap of $635.5 million and was priced at $1.29 following a rally of 11.14%. The coin recorded a 24-hour trading volume of 90.45 million. Additionally, the digital asset accounted for significant trading of 12.79% via pair ONT/USDT in 55 Global Markets.
Source: TradingView
Dash [DASH]:


With the bulls entering the market, Dash [DASH] noted a significant growth of 10.08%, over the last 24-hours, along with other altcoins. The digital coin was priced at $133.8 and held a market cap of $1.17 billion, at press time. The coin further recorded a 24-hour trading volume of $362.2 million. Besides, DASH/KRW held a major 43.47% of the entire DASH trade volume.
Source: TradingView
The latest bulls’ domination and the resultant upswing for the altcoins could potentially bring about increased institutional investments for the existing digital coins.


TRENDING

X
X
posted by at time

Không có nhận xét nào:

Đăng nhận xét

Đăng ký: Đăng Nhận xét (Atom)