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Samourai Wallet developers Keonne Rodriquez and William Lonergan Hill have pleaded guilty to unlicensed money transmission in the Southern District of New York today. The money laundering charge, which the two developers were also indicted on, will be dropped. These pleas were part of deals between the two bitcoin mixer developers and the government. Who are Samourai Wallet’s Keonne Rodriguez and William Lonergan Hill? Read more: What to do if you’ve used Samourai Wallet According to reporting from The Rage, Rodriguez was ordered to pay a $250,000 fine, and Hill was ordered to pay a $400,000 fine. Additionally, approximately $6 million will be paid against a $237 million judgement. The Samourai defendants agreed not to appeal any prison sentence of five years or less. Final sentencing procedures will start November 6, 2025. This case has drawn further attention to the ongoing Tornado Cash criminal prosecution. In May, the government filed a lette...

Developers have barely scratched the surface when it comes to the potential of blockchain — here’s how to ramp up progress. Blockchain development has come a long way since the introduction of Bitcoin (BTC), the leading cryptocurrency and the first successful application of blockchain technology. The introduction of smart contracts by the Ethereum blockchain gave birth to potential use cases for blockchain both within and beyond the finance world. Thanks to the fast, immutable and decentralized nature of blockchain, independent developers and industry giants from all sectors flocked to understand the dynamics of this new technology by creating myriad decentralized applications (DApps). Over the years, blockchain-based apps and services have paved the way for disruption in many sectors, with examples like instant cross-border payments, digital identity, play-to-earn games, nonfungible tokens (NFTs) and even supply chain management systems. The developer ecosystem saw an uptick with the...