A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting […]
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JPMorgan Gives Bitcoin Top Return Forecast, Grayscale Highlights
Key TakeawaysJPMorgan estimated bitcoin’s annualized volatility at 55%.Bitcoin’s estimated correlation with U.S. large-cap stocks was 33%.Unstable correlations kept bitcoin outside...













