The Dutch bank allowed hundreds of millions of dollars in “untraceable cash” to be deposited at its rural bank branches in California and then withdrawn via wire transfers, checks, and cash transactions, the Department of Justice (DOJ) said in a statement on Wednesday.
U.S. states with positive attitudes have advanced towards bitcoin legalization – a process that a growing number of elected officials consider inevitable, if not desirable. Numerous crypto-friendly bills have been introduced, and some of them have received approval in committees and houses of state legislatures.
BofA CEO Brian Moynihan was asked for his thoughts on bitcoin. He immediately turned to blockchain: “We have more patents, I think, than almost anybody in blockchain,” Moynihan said. “We believe in the idea of distributed ledgers, and smart contracts, and all the words you hear about that.”
In a written petition sent to the House Committee on Ethics dated Feb. 5, Colorado House Representative Jared Polis argued that, because cryptocurrency assets are regarded as commodities by several agencies, Congress members should follow the same financial disclosure requirement as for traditional assets.
Several top schools have added or are rushing to add classes about Bitcoin and the record-keeping technology that it introduced, known as the blockchain. A course about virtual currencies created by a Princeton computer science professor has been the fifth-most-popular class on an online learning site.
Citibank India is the latest major bank to ban its customers from using credit cards for purchasing cryptocurrencies, but it has taken the measure one step further by banning the use of debit cards for crypto purchases as well
Prime Minister Mariano Rajoy’s People’s Party is preparing legislation including possible tax breaks to attract companies using blockchain technology. “We hope to get the legislation ready this year,” Spanish lawmaker Garcia Egea commented. The legislation may also be focused in part on encouraging investment in token sales, according to Garcia Egea. “We want to set up Europe’s safest framework to invest in ICOs,” he was quoted as saying.
Atari SA, a French holding company that contains the former Atari, Inc., the publisher of video games such as Tetris and Pac Man, has seen its share price go up more than 60 percent after announcing that it would invest in cryptocurrency.
The mining craze of cryptocurrencies like Ethereum is draining the supplies of graphics cards on the market. And that’s spiking the prices of so-called graphics processing units, or GPUs, super powerful chips that can process huge amounts of data. Without GPUs, astronomers can’t do their job.
Tether has launched a fresh round of token creation, this month adding 86 mln euro-pegged EURT and 60.1mln dollar-pegged USDT to its issuance.