While Telegram banned Huione and Xinbi Guarantee channels amid pressure from blockchain intelligence firms and U.S. regulators, the broader ecosystem is beginning to bounce back.

Rowland Marcus Andrade, the founder of AML Bitcoin, will serve a jail term of 84 months for wire fraud and money laundering.

AML Bitcoin creator Rowland Marcus Andrade was given seven years in prison for defrauding investors out of $10 million with ...