Bitcoin has lost most of its (likely inflated) value in the last few months, but it still has plenty of value for law enforcement agencies looking for financial crimes to punish. The latest cryptocurrency criminal to get the book thrown at them is “Bitcoin Maven”, a 50-year-old woman who ran a bitcoin-for-cash exchange operation.
Tagged With money laundering
On Friday, Robert Mueller's special investigation filed even more charges against former Trump Campaign Chairman Paul Manafort and his deputy, Rick Gates. Gates pleaded guilty today and it's easy to see why. He allegedly had to repeatedly convert incriminating PDFs to Word docs because Manafort didn't know how.
Bitcoin managed to set a new price record on Sunday, briefly hitting $US11,826 ($15,569) per coin. And governments around the world are taking note of the boom in divergent ways. In the European Union, a new plan is expected to regulate cryptocurrencies under the same anti-money laundering laws as fiat money. It's expected to take effect sometime next year.
On Wednesday, auction records were shattered when an anonymous buyer spent $US450.3 million ($593.6 million) to be the proud owner of a "long lost" painting "by" Leonardo da Vinci. The thing is, it may not have even been painted by Leonardo, it's in terrible shape, it isn't especially good, and in the financial world of art, none of that matters.