What happens to crypto seized in criminal investigations?

[ad_1] Earlier this year, during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government’s powers to seize and recover crypto assets.Meanwhile, the United States Internal Revenue Service (IRS) seized more than $3 billion worth of crypto in 2021. As digital currencies’ monetary stock grows and enforcers’ scrutiny


[ad_1] The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates Bitcoin to bottom out in the range of $25,000 to $27,000.On-chain data from Glassnode shows that thsmart money may have started accumulating Bitcoin. The net outflows from major
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Universal Music Group puts its stars on the Blockchain

[ad_1] Advertisment Universal Music, the world’s largest music label, is getting into the NFT business. This would allow global stars like Elton John or Lady Gaga to tokenize their hits and treat fans to special experiences. Will NFTs play first fiddle in the music industry of the future? LimeWire became known in the early 2000s at the height of the file-sharing hype as a tool to download and upload music

3 reasons Ethereum price risks 25% downside in June

[ad_1] Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC) and now remains pinned below $2,000 for several reasons. What’s more, ETH price could face even bigger losses in June due to another slew of factors, which will be discussed below. Ethereum funds lose capital en masseInvestors have withdrawn $250 million out of Ethereum-based investment funds

Bitcoin price needs to close above $29,450 for its first green weekly candle since March

[ad_1] Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend.BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBTC price traders $300 in the greenData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling its May 30 opening level at the time of writing, just $300 higher than seven days ago.With hours to go before the weekly candle closed, the pair thus retained the

6 Questions for Nikki Farb of Headline – Cointelegraph Magazine

[ad_1] We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Nikki Farb — an active investor and advisor to technology companies who is currently a venture partner at Headline, a venture capital firm. I invest in consumer tech (with a real love for marketplaces) and
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This is how the Kreml wants to legalize bitcoin mining in Russia

[ad_1] Advertisment Since the invasion of Ukraine, Russia has become increasingly isolated economically. This obviously encourages a rethink: for cryptocurrencies and also for mining. The electricity consumption of Russia’s bitcoin mining industry now exceeds that of the agricultural sector in the country. This was stated by the Deputy Minister of Industry and Trade during a blockchain panel discussion hosted by the ruling party United Russia. His statement gives further impetus
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How Ethereum will become the world’s decentralized computer with the “merge”

[ad_1] Advertisment The previous Ethereum is history – soon, when the network switches to the new consensus algorithm. But what are the actual benefits of the switch? We spoke with Ethereum developer Ben Edgington about a date for “The Merge”, the concrete improvements through Proof of Stake and possible scaling solutions. Ethereum is ramping up for the most significant upgrade in its history: the consensus shift to Proof of Stake