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Samourai Wallet Developer Bill Hill Sentenced to 4 Years in Prison

William 'Bill' Hill, co-founder of the Bitcoin mixer Samourai Wallet, was sentenced to four years in prison for facilitating unlicensed money transmission used in laundering over $237 million in criminal proceeds. Judge Denise Cote considered mitigating factors such as Hill's recent autism diagnosis and his age, reducing the sentence from a maximum of five years. His lawyer argued that Hill's autism influenced his understanding of legality, claiming that he believed his actions were legally protected due to the registration rules for non-custodial wallets not applying to him. While the defense sought time served, the judge noted that Hill was aware of the moral implications of his actions. Hill expressed deep remorse and highlighted the impact on his family during the sentencing decision.

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Bitcoin Futures Traders Refuse to Capitulate as BTC Price Drops to $89K

Bitcoin's price recently dipped to $89,000, sparking concern among traders about potential capitulation in the futures market. Despite this drop, metrics from Bitcoin derivatives indicate stability, suggesting that traders may be anticipating a price reversal. The premium on Bitcoin futures has remained near 4%, while perpetual futures

Bitcoin Futures Traders Refuse to Capitulate Even as BTC Price Drops to $89K

Bitcoin has fallen to $89,000, raising questions about whether futures traders are abandoning ship. Despite this dip, the Bitcoin derivatives market shows stability, suggesting that traders might expect a price reversal. The 30-day futures premium remains close to 4%, a level indicating traders are not overly distressed despite the

Pro-Crypto CFTC Chair Nominee Won’t Commit to More Agency Resources or Dem Commissioners

During his Senate confirmation hearing, Mike Selig, the nominee for chair of the Commodity Futures Trading Commission (CFTC), declined to state that the agency requires more resources to regulate the expanding crypto market. This refusal came despite bipartisan support from senators who stressed the need for an enhanced budget and

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