Report Says Bitcoin Transacted in Exchanges A Fraud Risk
In a recent report by Ciphertrace, there are more interests in cryptocurrency from institutional investors than ever before. The report also noted how virtual asset regulations will affect banks, with about 57% of the virtual assets service providers having weak
Binance Gives Details of Alleged Embezzlement
So would say that the lack of regulations and regulatory clarity in the world of cryptocurrencies is still a major problem for the industry. It brings a lot of uncertainty, and many people remain highly concerned about the safety of
Tezos Ends 2 Year Legal Battle With $25 Million Settlement
One of the most popular crypto projects right now, Tezos, has finally ended its two-year-long court battle by settling the lawsuit at $25 million. The decision was announced last Friday, March 20th, when the Tezos Foundation explained that it decided
Crypto Lending Demand Rockets After US Fed Rate Cut
The US Federal Reserve (Fed) has recently enacted an interest rate cut. In the wake of this, the demand for crypto lending services has surged. The Blockchain-powered lending platform, Figure Technologies, enjoyed triple the number of loan applications in recent
Iran’s General Recommends Crypto To Bypass Sanctions
Cryptocurrencies are well-known for various use cases, some of which are already available in practice. While many of the various uses for cryptocurrency hold the potential to move the global economy in a positive direction, there are also some uses
SEC Postpones Bitcoin ETF Decision Until February
On December 20th, the US Securities and Exchange Commission (SEC) published a document announcing that their decision regarding the Bitcoin ETF proposal filed by Wilshire Phoenix will be delayed for February 2020. The regulator wishes to take its time evaluating
Korea Doesn’t Plan to Launch a Cryptocurrency Yet
Korea’s National Bank says there are currently no plans to launch any digital currency, citing the adoption of something of that nature very difficult in the country for now. The Bank said cryptocurrency has huge financial instability issues and introducing
Bitfinex Insists NYAG Lawsuit Should Be Dismissed
Crypto exchange Bitfinex has asked the court to waive the case against tether and the exchange, insisting that they were not in the wrong as they have not targeted investors in New York. In April this year, New York’s Attorney
Ukraine Legalizes Crypto Payments
Ukranian Lawmakers of the Verkhovna Rada, the legislative arm of the Ukranian government, have officially adopted a new crypto bill. The bill incorporates Anti-Money Laundering (AML) best practices within the Ukranian crypto legal framework. Ukraine Sees Crypto as Property Cryptos are officially
UK Ends Consultation On Crypto Derivatives Ban
[break] Regulators across the world are making changes to their policies as they seek to accommodate cryptocurrencies. It seems like you can’t go a single day in the crypto space without the SEC charging someone or some country talking about banning