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Met police seize nearly £180m of bitcoin in money laundering investigation
Seizure in London follows confiscation of £114m of the cryptocurrency in June
Metropolitan police detectives investigating international money laundering have seized nearly £180m of bitcoin.
The seizure by the Metropolitan police’s economic crime command follows a confiscation of £114m of the cryptocurrency in June.
The two confiscations were made after intelligence received about the transfer of criminal assets.
“While cash still remains king in the criminal word, as digital platforms develop we’re increasingly seeing organised criminals using cryptocurrency to launder their dirty money,” said Metropolitan police Deputy Assistant Commissioner Graham McNulty.
A 39-year-old woman was arrested on suspicion of money laundering after the first haul was discovered and has been interviewed under caution over the £180m discovery.
One bitcoin is worth about £23,500, having fallen from a peak in April of £47,126.48, meaning the sum confiscated may have been worth nearly double three months ago.
The assets were seized by the force’s economic crime command and the investigation is continuing.
Detective Constable Joe Ryan said: “Less than a month ago we successfully seized £114m in cryptocurrency.
“Our investigation since then has been complex and wide-ranging. We have worked hard to trace this money and identify the criminality it may be linked to.
“Today’s seizure is another significant landmark in this investigation which will continue for months to come as we home in on those at the centre of this suspected money laundering operation.”
Ten-Year Note Auction Attracts Average Demand
After revealing average demand for this month’s auction of $58 billion worth of three-year notes earlier in the day, the Treasury Department announced Monday afternoon that this month’s auction of $38 billion worth of ten-year notes also attracted average demand.
The Treasury said the ten-year note auction drew a high yield of 1.371 percent and a bid-to-cover ratio of 2.39.
Last month, the Treasury also sold $38 billion worth of ten-year notes, drawing a high yield of 1.497 percent and a bid-to-cover ratio of 2.58.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous ten-year note auctions had an average bid-to-cover ratio of 2.41.
Looking ahead, the Treasury is due to announce the result of its auction of $24 worth of thirty-year bonds on Tuesday.
PLx Pharma’s VAZALORE To Launch In Walmart Stores; Shares Jump 30%
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PLXP closed Monday’s trading at $12.43, down $0.42 or 3.27%, on the Nasdaq. The stock, however, gained $3.77 or 30.33%, in the after-hours trade. The stock has traded between $2.72 and $16.19 in the 52 weeks period.
PLx Pharma announced that three stock-keeping units of Vazalore, the first and only U.S. Food and Drug Administration approved liquid-filled aspirin capsules, will be available in over 4,500 Walmart stores across the United States in mid-August.
The three SKUs include: VAZALORE 81 mg, 12 count; VAZALORE 81 mg, 30 count; and VAZALORE 325 mg, 30 count.
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