Law and Order

US Prosecutors Seek Maximum Sentence for Samourai Wallet Developers

In brief Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill face sentencing this week after pleading guilty to operating an unlicensed money transmitter. Prosecutors allege the defendants actively solicited criminals on dark web forums, with Rodriguez describing their service as “money laundering for bitcoin” in private messages. The government identified at least $237 million…

Business

Coinbase Beats Q3 Forecasts as Transaction Revenue Jumps to $1 Billion

In brief Coinbase disclosed $1.9 billion in Q3 revenue. The exchange notched $433 million in Q3 profit Transaction revenue rose on a sequential basis, Coinbase said. Coinbase reported $1.9 billion in third-quarter revenue on Thursday, a 26% increase quarter-over-quarter that slightly surpassed Wall Street forecasts.Analysts expected the San Francisco-based crypto exchange to disclose $1.8 billion…