Samourai Wallet’s William Hill receives 4-year sentence for money laundering involvement

William Hill, co-founder of the privacy-focused cryptocurrency platform Samourai Wallet, has been sentenced to four years in federal prison for operating an unlicensed money-transmitting business. This ruling highlights the ongoing legal challenges faced by cryptocurrency platforms that prioritize user privacy.

Bill Hill, co-founder of Samourai Wallet, has been sentenced to four years in prison for engaging in unlicensed money transmitting. The 67-year-old's recent autism diagnosis and advanced age were considered mitigating factors during sentencing.

BlackRock has registered the iShares Staked Ethereum Trust ETF in Delaware, indicating a growing institutional interest in Ethereum staking. This move could enhance mainstream adoption and provide greater regulatory clarity for cryptocurrency investments.

Nvidia's earnings for Q3 exceeded expectations, resulting in a surge in its stock price and contributing to Bitcoin's recovery to $90,000, driven by strong data center revenue.

Mike Alfred has purchased an additional 100,000 shares of Vivek Ramaswamy’s Strive, indicating his confidence in the company's growth potential. This investment could positively influence market perceptions and attract future investors.

Cypherpunk Technologies has acquired $18 million in Zcash holdings, marking a strategic shift towards privacy-focused cryptocurrencies and treasury management. This investment highlights the company's commitment to enhancing its portfolio in the growing cryptocurrency market.

Strategy stock has dropped by 10% amid ongoing volatility in Bitcoin prices and debates among traders. This decline underscores the risks associated with heavy exposure to cryptocurrencies, which may impact investor confidence and stability in related sectors.

Bitwise is set to launch an XRP ETF, expanding its cryptocurrency ETF portfolio beyond Bitcoin. This move is aimed at providing institutional-grade access to XRP, which could enhance market participation and investor interest in the cryptocurrency sector.