Virtual Currency And Blockchain
31st August 2021
The U.S. Securities and Exchange Commission will monitor decentralized finance transactions, after contracting with the blockchain cybersecurity firm AnChain.AI, which confirmed the agreement over social media last week. Legal experts suggest this and other recent moves preview increased regulation of the decentralized finance space. The San Jose, California-based analytics… Read More
30th August 2021
Cuba will now recognize and regulate cryptocurrencies such as bitcoin, citing “reasons of socioeconomic interest.” Resolution 215, which was published Thursday in the state-run Official Gazette, says the central bank will set new rules for how to deal with digital currencies. Commercial providers of related services will now need… Read More
30th August 2021
Litha María de Los Angeles slaps two cheese-filled pupusas – the El Salvadoran cornmeal flatbread – on the griddle. With a camera click on the QR code, she receives her payment: four hundred-thousandths of a Bitcoin. Then, as the rain pelts the corrugated iron roof and a gust of… Read More
27th August 2021
Operators of bitcoin ATMs across the US have formed a coalition to bolster compliance standards to prevent cryptocurrency-related crimes. The Cryptocurrency Compliance Cooperative comprises 15 initial members whose mission, according to the statement, is to create a safer environment for all consumers and legitimize the cash-to-cryptocurrency industry. The… Read More
27th August 2021
PolyNetwork, the anonymously run cryptocurrency project that claimed it was the victim of what was likely the biggest ever theft in the bustling world of decentralized finance, said it has recovered all the funds related to the hack. The protocol, which lets people send various digital tokens across… Read More
26th August 2021
Binance, the world’s largest cryptocurrency exchange, is “not capable” of being effectively supervised, according to the UK’s financial regulator. The Financial Conduct Authority in an 11-page notice published Wednesday said Binance Markets Limited, a London-based affiliate of Binance, failed to supply further information about its business model and wider… Read More
26th August 2021
Retired Olympic speed skating champion Apolo Ohno and companies in Cyprus, Hong Kong, Malta, and Singapore are being sued in California for an alleged $50 million crypto fraud. Apolo Anton Ohno is an American retired short track speed skating competitor and an eight-time medallist in the Winter Olympics. Ohno… Read More
25th August 2021
Central American countries are eagerly waiting to see if El Salvador’s adoption of bitcoin as parallel legal tender cuts the cost of remittances, an important source of income for millions of people, the region’s development bank said. President Nayib Bukele’s congressional allies have already approved legislation giving the cryptocurrency official… Read More
25th August 2021
By David Klein, OCCRP, 24 August 2021 OCCRP — Italian Mafia groups, particularly ‘Ndrangheta, the country’s strongest and most powerful criminal syndicate, are growing more and more attuned to modern tools like cryptocurrency and the deep web, the Italian Anti-Mafia Directorate (DIA) said in their latest report… Read More
24th August 2021
Cryptocurrency platform Poly Network said on Monday that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been returned by the unknown person or persons behind the attack. In a Twitter post, Poly Network said it had regained control of all… Read More