Virtual Currency And Blockchain
24th August 2021
PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week. It marks the the first international expansion of PayPal’s crypto product, which first launched… Read More
23rd August 2021
Farhan Hotak isn’t your typical 22 year-old Afghan. In the last week, he helped his family of ten flee the province of Zabul in southern Afghanistan and travel 97 miles to a city on the Pakistani border. But unlike others choosing to leave the country, once his relatives were in… Read More
23rd August 2021
Cryptocurrency exchange Binance said on Friday it would demand stricter background checks on customers to bolster efforts against money laundering, with immediate effect, a move that comes after weeks of pressure by regulators globally. Binance, the world’s biggest crypto platform, has faced warnings and business curbs from financial watchdogs from… Read More
23rd August 2021
Japanese cryptocurrency exchange Liquid said Thursday it has been hit by a cyberattack that saw hackers make off with a reported $97 million worth of digital coins. Liquid said some of its digital currency wallets had been “compromised,” and that hackers were transferring the assets to four different wallets. “We… Read More
20th August 2021
Binance has named Greg Monahan, a former U.S. government criminal investigator, to lead global money laundering reporting at the cryptocurrency firm. Monahan will be based in Washington and be responsible for an existing team, according to the world’s biggest crypto exchange. He spent the bulk of his career in the… Read More
19th August 2021
The use of bitcoin and a digital wallet in El Salvador will be “totally optional,” and businesses that do not accept the cryptocurrency will not be sanctioned, El Salvador’s finance minister Alejandro Zelaya said Tuesday. In a televised interview during the program Frente a Frente hosted by… Read More
19th August 2021
Cryptocurrency exchange Binance was providing its services in the Netherlands without the required registration, the Dutch central bank (DNB) said on Monday, in the latest regulatory hurdle for the company. The company was not in compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act, the De Nederlandsche Bank said, adding… Read More
19th August 2021
An Ohio man pleaded guilty in a money laundering conspiracy in which he moved more than $300 million worth of bitcoin to help users, including drug traffickers, hide the source of their cryptocurrency. Larry Dean Harmon, 38, of Akron, agreed as part of his plea in Washington, D.C., federal… Read More
18th August 2021
Binance Holdings Ltd. is on a hiring spree to add compliance teams as the company faces U.S. regulatory scrutiny over money laundering and tax evasion. Changpeng “CZ” Zhao, chief executive officer of the world’s biggest crypto exchange, said his No. 1 priority is to hire people with compliance and regulatory… Read More
17th August 2021
For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists. Now, a bigger hacking risk in the growing sector has exploded into view: peer-to-peer crypto platforms. One such site, Poly Network, was at the centre of a $610 million crypto theft last week, one of the… Read More