Reported by: Scott Nover Bitcoin, the largest cryptocurrency by market capitalization, is widely considered a commodity. A federal court ruling in 2018 gave the CFTC regulatory authority by designating bitcoin as such. But CFTC chairman Rostin Behnam and SEC chairman Gary Gensler agree that’s the exception rather than the rule. Despite grey areas including the cryptocurrency ether, […]
Reported by: Temitayo Jaiyeola Mastercard has announced the launch of Crypto SourceTM, a programme to enable financial institutions offer crypto services to their customers. According to the payment platform, it has partnered with regulated and licensed crypto custody providers, to afford its partner financial institutions gain access to a comprehensive suite of buy, hold and […]
Reported by: Martin Young On Oct. 27, Solidus Labs announced the launch of a real-time on-chain Threat Intelligence tool. It has been touted as a first-of-its-kind approach to the retroactive methods of dealing with crypto scams. Additionally, the firm also released its findings on the growing number of crypto scams and rug pulls. The report […]
Reported by: Ian Taylor In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and bans on crypto-related banking, impacting both crypto businesses hoping […]
Reported by: Nick Sibilla Buried deep in a 61-page recent report by the U.S. Attorney General, the Biden Administration called for a dramatic expansion in the federal government’s ability to seize and keep cryptocurrency. If enacted, the proposed changes would bolster both criminal forfeiture, which requires a conviction to permanently confiscate property, as well as civil forfeiture, […]
Reported by: Rufus Kamau Why is privacy important in Bitcoin transactions? First, if you have a sizable balance in your wallet, you don’t want anyone finding out because it exposes you to a $5 wrench attack. A $5 wrench attack occurs when someone discovers you have a large stash of bitcoin and controls the keys […]
Reported by: Joseph BOYLE and Daniel Hoffman Under the headline “Scammers in Paris”, an online sleuth known as ZachXBT published a blog in August detailing how a pair of youngsters stole cryptoassets worth millions. Much to his surprise, the French police announced last week that they had acted on his tipoff and charged five people. […]
Press release by: Department of Justice, U.S. Attorney’s Office, Eastern District of New York A 12-count indictment was unsealed today in federal court in Brooklyn, New York charging five Russian nationals, Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva, also known as “Lana Neumann,” Timofey Telegin and Sergey Tulyakov with various charges related to a global procurement, […]
Reported by: Nancy J. Allen Bittrex, a cryptocurrency exchange, agreed to pay just under $30 million in fines and keep a closer eye on its compliance program as part of a settlement with the United States Treasury Department over allegations that it had accidentally violated federal sanctions. The settlements were made public on Tuesday by the […]
Reported by: Robert Anello , Richard Albertand Courtney Morphet Cryptocurrency has been touted as a more transparent form of investing, as the information needed to price digital assets is generally available to the public, and in theory no “inside” information is available to exploit before public releases of information, such as earnings announcements and SEC […]
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