Bitcoin News and Finance: What You Need to Know

Alexander Vinnik, the alleged owner and operator of the infamous cryptocurrency exchange BTC-e, has been found not eligible for release on bail in the United States, where he was recently transferred from Greece. The Russian, accused of large-scale money laundering through the now-defunct trading platform, and other crimes, rejects U.S. charges. Alexander Vinnik Remains in California Prison, Russian Embassy Offers Help Authorities in the United States have effectively denied release on bail for the IT specialist Alexander Vinnik, Russian media reported, quoting his record on the website of the Santa Rita Jail in California where he is incarcerated. Vinnik has been in the U.S. since his hasty extradition from Greece a little more than a week ago, which angered his international defense team. The crypto entrepreneur was arrested on a U.S. warrant in the summer of 2017, in the Greek city of Thessaloniki where he arrived on a family vacation. Greece first sent him to France in late 2...

Gold bug Peter Schiff has settled with Puerto Rico’s financial regulator and agreed to liquidate his Euro Pacific Bank. Schiff stressed that he is not admitting to any legal wrongdoing. Peter Schiff Liquidating Euro Pacific Bank Gold bug and notorious bitcoin skeptic Peter Schiff has settled with the Office of the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF), and agreed to liquidate his Euro Pacific Bank. He tweeted Wednesday: I have agreed to a settlement with Puerto Rican banking regulators that tasks me with leading an orderly liquidation of Euro Pacific Bank. He noted that the liquidation of Euro Pacific Bank is based on its having insufficient regulatory capital. The bank was not in compliance with the Puerto Rican minimum capital requirements. Schiff previously explained : “My team didn’t understand the rules. We were new to Puerto Rico. We were required to keep more capital than we though...

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a massive Ponzi scheme” and Cuban “duped millions of Americans into investing.” Mark Cuban Sued by Voyager Investors A class action lawsuit has been filed in the U.S. district court of the southern district of Florida against Shark Tank star Mark Cuban, Dallas Basketball Ltd. (DBA Dallas Mavericks), and Voyager Digital CEO Steven Ehrlich. There are 12 lead plaintiffs. Referencing the case of “Mark Cassidy v. Voyager Digital Ltd., et al.,” filed in December last year, they alleged that Cuban and Ehrlich “went to great lengths to use their experience as investors to dupe millions of Americans into investing — in many cases, their life savings — into the Deceptive Voyager Platform and purchasing Voyager Earn Program Accounts (‘EPAs’), which are unregistered securities,” the lawsuit describe...

It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic. Top Banker Confirms Crypto Trading Still Illegal in Iran The purchase and sale of cryptocurrencies or using the digital assets for investment purposes is prohibited, the governor of the Central Bank of Iran ( CBI ), Ali Salehabadi, has recently told local media. At the same time, authorized persons and entities can legally mine crypto that can be employed for international settlements, the official pointed out. Referring to regulations adopted by the bank and other government institutions such as the Ministry of Industry, Mine and Trade two years ago, the CBI chief elaborated that it is legal for Iranian companies to pay for imports with cryptocurrency. He was quoted in a report by the English-lan...