Chain News Daily Official TheBitTimes.com

US DOJ has hit KuCoin and two founders with money laundering charges. KCS price fell sharply after the news. The US Justice Department has charged KuCoin and two co- founders of the Crypto exchange for operating “an unlicensed money transmitting business and for Bank Secrecy Act violations. An announcement the US released on Tuesday, March 26 indicated the US had charged Chun Gan and Ke Tang for flouting US anti-money laundering laws as they sought to grow the exchange into one of the largest in the world today. “As today’s Indictment alleges, KuCoin and its founders deliberately sought to conceal the fact that substantial numbers of U.S. users were trading on KuCoin’s platform,” US Attorney Damian Williams said in a press release. Williams added” “KuCoin allegedly took advantage of its sizeable US customer base to become one of the world’s largest cryptocurrency derivatives and spot exchanges, with billion...

Bitcoin miners and "smart money" are the investor cohorts to watch when it comes to late 2023 BTC price action, says Filbfilb. Bitcoin (BTC) is “much more likely” to stay rangebound until at least Q4, 2023, according to longtime market participant Filbfilb. In an X thread on Aug. 25, the popular analyst and co-founder of trading suite Decentrader told readers to expect flat BTC price action into year end. Filbfilb: BTC price approaching "critical time" Bitcoin may be disappointing bulls after its 70% Q1 gains, but for Filbfilb, there is little about BTC price action this halving cycle that is different to its previous ones. “Bitcoin is 1200 days since the previous halving. During this period, Bitcoin has historically consolidated,” he explained. Uploading various comparative charts, Filbfilb predicted that miners should begin to bid price higher into the Bitcoin halving — with this occurring around 1,276 days after each prior halving . “Miners are incentivized to ...