Unlicensed Exchange Conviction Leads to Seizure of 54 BTC

Kunal Kalra, a resident of Los Angeles, California, has pleaded guilty to running an unlicensed cryptocurrency exchange operation which catered to drug traffickers. An announcement published by the U.S. Department of Justice indicated that Kalra, who went by the pseudonyms “Kumar” and “Coinman,” has plead guilty to four charges, including operating an unlicensed money transmitting…

Infographic: Bitcoin’s Market Cap in Perspective

Bitcoin has always been the leading cryptocurrency in market capitalization — the total value of its circulating supply in dollars — by a wide margin. But how does bitcoin’s market cap compare to the rest of the world’s markets and assets? As this infographic illustrates, bitcoin’s market cap is dwarfed by traditional asset classes. It…