Florida Judge Overturns Ruling That Bitcoin Isn’t ‘Money’

florida court

A Florida appeals court has overturned a ruling that acquitted a Localbitcoins trader of money laundering and working as an unlicensed money transmitter. Bitcoin No Longer ‘Poker Chips’? As local news outlet Miami Herald reported January 30, Michell Espinoza, who sold bitcoin worth around $1350 to an undercover police detective in 2014, will now face a jury. Prosecutors argue Espinoza should have registered as a money transmitter before advertising services on P2P trading platform Localbitcoins.

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Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed

Espinoza Ruling Reversed, Florida Appeals Court Defines Bitcoin as MoneyIn 2016, Judge Teresa Mary Pooler of the Eleventh Judicial Circuit of Florida made headlines for a ruling she made during the Michell Espinoza trial. Judge Pooler ruled Espinoza could not be charged with illegal money transmission offenses because bitcoin was not considered legal tender. However, a motion filed with the Florida appeals court has […]

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Holo Price Continues Bearish Trend Following Fresh 15% Drop

TheMerkle Holo PriceThis is shaping up to be a very interesting week for most cryptocurrencies. Although there is a genuine lack of overall momentum right now, it would appear there are still some surprising market movements. For fans of the Holo price, looking away has proven to be the best option this week. The value continues to plummet at a more than alarming rate, with no real improvements in sight. Holo Price is not Moving up It is not entirely uncommon to see how the value of Holo continues to drop over the past few hours. Although this altcoin has had a

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Nasdaq Unveils Vetting Process for Bitcoin Exchanges

DX Exchange, the NASDAQ-Powered Cryptocurrency Exchange Platform to Launch in June 2018

Nasdaq has unveiled its comprehensive onboarding process for Bitcoin exchanges looking to use its proprietary surveillance tools as part of efforts to combat wash trading and other forms of market manipulation. The stock exchange operator says that it has already on-boarded seven platforms. Rigorous Vetting Needed for Bitcoin Exchanges Nasdaq has a team of 20 people conducting due-diligence checks on Bitcoin exchanges that want to start using the company’s trading surveillance technology, reports Forbes. This team

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$1.7B Stolen in 2018 – Cryptocurrency Theft Skyrockets as Prices Dropped

cryptocurrency theft cybercrime exchange hack

According to the Q4 Cryptocurrency Anti-Money Laundering report by CipherTrace blockchain intelligence agency, criminals stole a massive $1.7 billion of cryptocurrency last year. Despite the savage bear market conditions and freefalling prices, cryptocurrency theft is on the rise. Hackers Take the Lion’s Share Of the total stolen cryptocurrency funds, hackers made away with the lion’s share. Some $950 million was taken from exchanges and wallet providers. The below chart says it all. Despite Bitcoin losing

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