BTC Seller Arrested by US Federal Authorities

Morgan Rockcoons is accused of laundering monetary instruments and the operation of an unlicensed money transmitting business
21 February 2018   1066

A US resident was arrested by the Bureau for the Control and Enforcement of Immigration and Customs Law on February 9 after he sold the bitcoins to the agent under cover. This is reported by Bitcoin.com.

According to documents in the case filed by the Southern District Court of California, Morgan Rockcoons (also Morgan Rockwell) is accused of laundering money and servicing cash transfer operations without a license. The government intends to confiscate all assets belonging to it, relevant to the case.

Arrest Document
Arrest Document

In the episode of money laundering, the defendant is accused of deliberately transferring a financial transaction to a representative of law enforcement agencies in order to obtain income from certain unlawful activities. In 2016, Rockoons traded 9,998 BTC, at that time valued at $ 9,208, for $ 14,500 in fiat, which was handed to him by an undercover agent, saying that the money was received from the production and sale of TGC oil (tetrahydrocannabinol-containing oil). TGC is the main active ingredient of cannabis.

As for the charge for servicing money transfer operations without a license, it is less specific, since it is subject to the majority of US citizens who sell large amounts of crypto currency, without the appropriate license. In one of the previous cases of this kind, law enforcement authorities stated that any transaction over $ 3,000 must be made in accordance with all requirements for customer identification.

BTC to Reach $1M, IBM Executive Believes

Jesse Lund said Bitcoin will reach $5000 by the end of the year, but he believes it will reach $1 000 000 in the future
22 February 2019   109

On the eve of 2020, the price of Bitcoin will be at the level of $ 5000, but in the future it will rise to $ 1 million. This assumption was made by Vice President of IBM for the blockchain and digital currencies Jesse Lund.

I see Bitcoin at a million dollars someday. If Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny. I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.
 

Jesse Lund

Vice President for the blockchain and digital currencies, IBM

In late August, IBM launched the Blockchain World Wire platform based on the Stellar protocol for instant cross-border payments.

In February, IBM launched the Internet of Things and the blockchain to combat drought.