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On November 19, William “Bill” Hill, 67, co-founder of Bitcoin mixing service Samourai Wallet, was sentenced to four years in prison for operating an unlicensed money transmitting business that processed over $237 million in criminal proceeds, according to journalist Frank Corva.   Hill pleaded guilty in July in the Southern District of New York, admitting that the platform he co-founded was used to conceal illicit funds from activities including drug trafficking, darknet marketplaces, cyber intrusions, fraud, sanctioned jurisdictions, murder-for-hire schemes, and a child pornography website.  His co-founder, Keonne Rodriguez, received a five-year sentence. Prosecutors said Hill and Rodriguez actively promoted Samourai…

Solana is facing renewed bearish pressure as its price continues to slide, bringing the altcoin close to a critical support level that has not been tested in more than seven months. The ongoing decline reflects deepening market weakness, and technical indicators suggest that further losses may be ahead unless conditions shift quickly.Sponsored Solana Investors Are Facing Heavy LossesSolana’s exponential moving averages are signaling the potential formation of a Death Cross. This pattern occurs when the short-term EMA crosses below the long-term EMA, often indicating the start of a prolonged downtrend. Historical behavior suggests that Solana may be repeating earlier market cycles…

Bitmain Technologies Ltd., the Chinese manufacturer behind most of the world’s Bitcoin mining machines, has been the focus of a federal investigation assessing whether its products pose national security risks, according to Bloomberg reporting.  The inquiry, dubbed “Operation Red Sunset,” led by the Department of Homeland Security, reportedly examined whether the company’s machines could be remotely manipulated for espionage or sabotage of critical US infrastructure.  Bitmain denies these capabilities, but investigators have reportedly tested its equipment at ports and dissected chips and code to assess potential threats. The company’s hardware has long attracted scrutiny.  A 2017 Bitcoin Magazine report suggested…

Bloomberg Senior ETF Analyst Eric Balchunas has warned that Zcash may adversely impact Bitcoin at this crucial moment. In a recent post on X, Balchunas said Zcash (ZEC) has “third-party candidate vibes, like Gary Johnson or Jill Stein,” arguing that pushing a separate privacy coin risks “splitting the vote” when Bitcoin (BTC) needs unified political and cultural support. Balchunas’s comment comes as the Bitcoin vs Zcash debate intensifies. Arman Meguerian, founder and CEO of Timestamp, dismissed the idea that BTC supporters are pivoting to Zcash. “I don’t know a single Bitcoin maxi that thinks about Zcash at all,” he wrote…

In brief Public Citizen published new evidence showing Grok citing neo-Nazi and white-nationalist websites as credible sources. The group sent letters to the Office of Management and Budget, urging a suspension of federal use, and said it received no response. Advocates said Grok’s behavior and training data made it unfit for federal deployment as xAI expanded government contracts. Public Citizen, a nonprofit consumer advocacy organization, escalated its warnings about Elon Musk’s Grok AI on Friday after publishing new evidence showing the chatbot cited neo-Nazi and white-nationalist websites as credible sources.The group said the behavior should disqualify Grok from any federal…

In brief Bitcoin ATM operator Crypto Dispensers says it’s considering a $100 million sale of the company. Both the company and founder and CEO Firas Isa were charged in an alleged $10 million money laundering scheme earlier this week. Crypto Dispensers and Isa pleaded not guilty to the charges. Crypto Dispensers (aka Virtual Assets LLC), a Chicago-based operator of ATMs that let users buy and send Bitcoin and other cryptocurrencies, said Friday that it is weighing a potential sale valued around $100 million.The announcement came just days after the U.S. Department of Justice filed charges against both the company and…

Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries.BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is currently down $1,000 per purchased ETH, implying a cumulative unrealized loss of $3.7 billion on its total holdings, according to a Thursday research report from crypto insights company 10x Research. The decline in net asset value (NAV) across these firms is making it difficult to attract new retail investors while leaving many existing shareholders effectively “trapped” unless they sell at a…

The bitcoin BTC$91,539.80 price is little changed over the past 24 hours despite a wave of sell pressure across multiple crypto exchanges. Lookonchain revealed that one long-term holder shifted a $228 million stack of bitcoin to Kraken, while bitcoin miner MARA Holdings (MARA) transferred $58 million worth of BTC to Falcon X and Coinbase Prime.The market absorbed this increased level of supply as trading volume for BTC increased by 5% to $81 billion.The altcoin market underperformed bitcoin. Ether ETH$3,001.99 tumbled by 3.4% alongside several other tokens, some of which, including canton (CC), fell by more than 10%.Derivatives positioningOver $600 million…

In brief Global financial markets are in a late-cycle stage,” and not signaling an imminent recession, according to a research note from QCP Capital. Analysts point to a “weak rebound” and range-bound trading being more likely than a V-shaped recovery for Bitcoin, while macro shocks have an outsized impact. The December FOMC meeting’s guidance for 2026 could be key to stabilizing liquidity expectations for crypto. The behavior in global financial markets is a classic late-cycle characteristic and not a signal of an imminent recession, Singapore-based crypto trading firm QCP Capital said in a Wednesday note, referring to a broad-based correction…

[PRESS RELEASE – Vilnius, Lithuania, November 20th, 2025] WhiteBIT has officially marked its seventh year of operations, reflecting its growth from a single European cryptocurrency exchange into a global digital asset ecosystem now serving 35 million users. Since its inception, the platform has broadened its service offerings, user base, and strategic partnerships, contributing to the development of infrastructure and standards within the cryptocurrency industry. Introducing W Group: A Global Fintech Ecosystem In 2025, WhiteBIT proudly introduces W Group, a global fintech ecosystem built on the values of security, professionalism, and innovation, serving 35 million users worldwide with a total capitalization…