Finance

BTC

American Gary Harmon stole 712 BTC (about $12 million) from the IRS, which was seized from his brother. The BTCs were seized for criminal money laundering activity through a Helix darknet company. Law enforcement officials got their hands on the address where the coins were stored, but could not access it. Harmon, on the other hand, knew the private keys and transferred everything to his wallet using a cryptomixer. He pleaded guilty and agreed to return the coins, but he still faces a 10-year sentence. Not all cryptomixers are like that.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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