A 23-year-old man has been arrested in New York and charged with owning, running and profiting from a $100-million dark web narcotics marketplace after authorities claimed to have tracked crypto transfers that uncovered his real identity. Rui-Siang Lin, known online as “Pharoah,” was arrested at New York’s John F. Kennedy Airport on May 18 and … Read more
A bill has been introduced in the United States House of Representatives to ban cryptocurrency mixers for two years. Called the Blockchain Integrity Act, it is sponsored by five Democratic congresspeople led by Sean Casten. Casten defined a crypto mixer in a statement as a pool that allows users to “generate a new address and … Read more
A peer-to-peer (P2P) trading platform for privacy coin Monero has shuttered its services effective immediately, adding to the recent wave of crypto privacy closures and arrests. On May 7, LocalMonero announced that, effective immediately, all new signups and advertisement postings for Monero (XMR) trades are disabled. On May 14, the platform will disable the trading of the … Read more