U.K.-based Argo Blockchain it announced the purchase of 750 older generation Bitmain Z11 mining units costing roughly $474,000.
Rand research listed three illicit use-cases for digital currencies: money laundering, trade in illicit goods and services, and terrorism financing.
Unlike BTC and BCH, privacy coins make no pretense that they are trying to follow Satoshi's vision of a global peer-to-peer cash system.
Electric Coin Company is seeing significant financial losses because its business model is flawed and will have a difficult time surviving as more regulations for the cryptocurrency industry are introduced.
The ex-staffer raised the action after failing to receive $15,000 allegedly owed in 2016 from Zerocoin, now known as the Electric Coin Company.
The U.S. Secret Service has asked the Congress for assistance in preventing cryptocurrencies such as Monero and Zcash since these have enhanced privacy and anonymity features that can be used for illegal activities like money laundering.
South Korean cryptocurrency exchange Korbit has withdrawn support for five cryptocurrencies, following a similar decision in recent days from Japan’s Coincheck exchange.