An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency. May 19, the Financial Crimes Enforcement Network (FinCEN) awarded several federal agencies in the United States, whose joint probe led to the seizure of $22 million worth of cryptocurrency from the darkenet […]
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BlockFi disclosed a data breach that potentially leaked physical addresses and account activity of its customers, highlighting the risks of KYC finance platforms. The crypto lending provider BlockFi reported on May 19 to have suffered a data breach that may put some of its clients in physical danger. According to its incident report, some of […]
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World regions with fast-growing financial and economic potential, such as Africa, could become the predominant crypto adopters. Back when digitized banking service evolutions such as debit cards, online banking and check imaging were sweeping the financial sector, one could have never imagined what was coming next. I certainly did not, having spent more than 10 […]
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Legendary video game producer Atari partners with the Litecoin Foundation to take advantage of the overlap between the two communities. On May 19, the Atari Group announced a partnership with the Litecoin (LTC) Foundation, betting on the overlap of interests between the crypto and gaming communities. Atari has raised 74.19 Bitcoin (BTC), worth roughly $514,000 […]
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The Libra Association has appointed former FinCEN and OFAC head Robert Werner as its chief lawyer. On May 19, the Libra Association, the organization behind Facebook’s Libra stablecoin project, announced the appointment of Robert Werner as its general counsel, in what seems to be a continuing strategy to reconcile with regulators. Werner brings vast experience […]
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A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away? The crypto space and market cap is a small percentage of the trillions invested through the global equities market or the amount that the United States Federal Reserve is able to print. While the promise […]
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The wallet of cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards. The cryptocurrency wallet of major cryptocurrency exchange Huobi now allows users to buy cryptocurrencies with credit and debit cards. Until now, Huobi Wallet only allowed its users to exchange between different crypto assets and access to decentralized lending, […]
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Trading giant BitMEX briefly went offline just three days after being hit with a massive lawsuit, citing a trading engine error. Major Bitcoin (BTC) derivatives exchange BitMEX went offline earlier on May 19, citing trading engine failure. The platform was inaccessible for a brief time, and is currently back online as of press time. “The […]
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Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception. Nasdaq, the world’s second-largest stock exchange, is going to introduce new restrictions on initial public offerings, or IPOs, to prevent smaller Chinese companies from getting listed, a recent Reuters report citing anonymous […]
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BitMEX firmly leads the market when it comes to Bitcoin futures OI, with Binance in second place, according to new data from Bybit. Derivatives giant BitMEX and cryptocurrency exchange Binance are the Bitcoin (BTC) industry’s biggest — when ranked by open interest (OI). According to updated rankings from exchange Bybit, as of May 19, the […]
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