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Weekly Roundup of Crypto News 16/07/2021

Weekly Roundup of Crypto News 16/07/2021
coinjournal.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinjournal.net Daily Mail and Mail on Sunday newspapers.

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London Money Laundering Raid Nets Almost $250 Million in Bitcoin

London Money Laundering Raid Nets Almost $250 Million in Bitcoin
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Bitcoin has had many ups and downs this past year, while it has been the target of money laundering raids across Europe and the UK. Credit: Facebook/Investing.com
London’s Metropolitan police seized nearly £180 million ($248,993,100) of bitcoin on Saturday as part of a money laundering investigation.
The seizure, announced on Tuesday, is only the latest in a string of such raids, including the confiscation of £114 million ($157,567,950) of the cryptocurrency last month. Police spokesmen told the press that criminal organizations were using cryptocurrency, including bitcoin, as a way to launder their ill-gotten takings. ....

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Met Police seize millions of pounds in Bitcoin

Met Police seize millions of pounds in Bitcoin
LONDON: Detectives investigating international money laundering have seized nearly £180 million of Bitcoin.
The seizure by the Metropolitan Police’s Economic Crime Command follows a confiscation of £114 million of the cryptocurrency in June. The two confiscations were made following intelligence received about the transfer of criminal assets.
One bitcoin is currently worth around £23,500, having fallen from a peak in April of £47,126.48, meaning the sum confiscated may have been worth nearly double three months ago. The assets were seized by the force’s Economic Crime Command and the investigation is continuing.
Detective Constable Joe Ryan said: “Less than a month ago we successfully seized £114 million in cryptocurrency. Our investigation since then has been complex and wide-ranging. We have worked hard to trace this money and identify the criminality it may be linked to. ....

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Why is the cryptocurrency market down today?

Why is the cryptocurrency market down today?
the-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from the-sun.com Daily Mail and Mail on Sunday newspapers.

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Detectives break record in new cryptocurrency seizure worth nearly...

Detectives break record in new cryptocurrency seizure worth nearly...
met.police.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from met.police.uk Daily Mail and Mail on Sunday newspapers.

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