DeFI News by Thebittimes.Com

Patrick O’Connor, the personal pilot to billionaire Joe Lewis, has pleaded guilty to securities fraud charges related to insider trading. A press release from the US Attorney’s Office in the Southern District of New York details how O’Connor “received material, non-public information from Lewis and then traded on the basis of that information.” This information enabled O’Connor to profit from biotech investments, including Mirati.  Lewis, who is the former owner of Premier League football club Tottenham Hotspur, has himself previously pleaded guilty to securities fraud charges related to insider trading.  Lewis made a significant portion of his fortune by shorting the British pound alongside George Soros in 1992.  Lewis is also connected to Bahamian banker Jean Chalopin, who sold him the famous ‘Albany House’ that was featured in the Bond movie Casino Royale. Chalopin’s bank, Deltec Bank and Trust has since been accused in a...

When Chainalysis released its first crypto crime report covering 2018, the crypto community rejoiced. However, not everybody read beyond its 1% headline and they’ve gleefully parroted the figure for years. “Illicit transactions are down to 1% in 2018,” posted one X (formerly Twitter) user, while another claimed, “the share of Bitcoin economic value sent to darknet markets has declined to less than 1% in 2018.” And they’re not alone. Indeed, examples of similar quotes are almost endless. If you search for the 1% figure for any subsequent year, you will find the same refrain — always a figure of 1%, and always “proved” by either Chainalysis or its competitor, Elliptic.  Chainalysis has released their second cryptocurrency crime report: illicit transactions are down to 1%, in 2018, and the main issue involves staggering exchange hacks.https://t.co/5SjLkAkoEf — Omar Bham (Crypt0) (@crypt0snews) July 2, 2019 However, when Chainalysis and Elliptic reference this figu...