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DOJ’s Crypto Enforcement Cracks Down on $73M Laundering Scheme

The U.S. Department of Justice (DOJ) announced Tuesday that Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to conspiracy to commit money laundering, admitting to laundering over $73 million from cryptocurrency investment scams. Li, 41, operated through a network of shell companies, international bank accounts, and cryptocurrency, specifically Huobi blog

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Fintech Startup Raises $1.5M to Democratize Maritime Finance

Maritime fintech startup Shipfinex secured $1.5 million in seed funding to democratize maritime finance through blockchain-enabled fractional ownership of maritime assets. Democratizing Maritime Finance Shipfinex, a maritime fintech startup, recently announced it has secured $1.5 million in seed funding. Gaurav Mehta, chairman of shipping asset trader Best Oasis Limited and Dubai-based company SPM Shipping DMCC, Huobi blog