The Swiss Financial Market Supervisory Authority warned that blockchain tech increases the risk of money laundering in the country. The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology. In its first-ever yearly risk monitor report — published […]
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A curious implementation favors three lesser-used stablecoins, executives shunning Tether, which is by far the industry’s most popular option. Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens. In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), […]
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Social trading has the potential to introduce inexperienced consumers to the world of crypto. Here, we look at the pros and cons. Navigating the world of cryptocurrencies can be nightmarish at the best of times. New coins and tokens are continually emerging, and volatility means that digital assets can be flying high one day and […]
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FinCEN’s director says the crypto industry has embraced the agency’s reporting guidelines and are internalizing it into their own reporting and operations. The director of the Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency industry has begun to fall in line with the agency’s regulations on money transmission services. In a speech delivered at the […]
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In fresh testimony to U.S. lawmakers, the head of the SEC touched on cryptocurrency policy, as well as the perceived benefits of its underlying technology. United States regulators believe they have adopted a “measured yet proactive approach” to cryptocurrency regulation which aids both retail and institutional investors. That was the formal view of Jay Clayton, […]
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Being an integral part of the Ethereum’s blockchain transition to PoS, the difficulty bomb may pose a threat to miners and projects. The Ethereum block difficulty began to grow back in November 2016. Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a […]
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China Construction Bank, the world’s second-biggest bank, has officially launched its blockchain-based refactoring platform. China Construction Bank (CCB), the world’s second-biggest bank by operated assets, has officially launched its blockchain-based refactoring platform. Targeting commercial factoring business, CCB aims to bolster operations and reduce major risks in its refactoring business while providing shared data access by […]
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New Jersey authorities announce the arrest of three founders of alleged $722 million crypto Ponzi scheme BitClub Network. United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement […]
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Maker Foundation announced a series of governance polls since a software developer divulged how hackers could attack the MakerDAO network and steal close to $340 million. The Maker Foundation has announced a series of governance polls aimed at security after software developer Micah Zoltu explained how any hacker with $20 million at their disposal could […]
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Bitmain co-founder and tech billionaire Wu Jihan has reappearedl at the helm of Beijing-based mining giant Bitmain as the company’s chief executive. Bitmain co-founder and tech billionaire Wu Jihan resurfaces at the helm of Beijing-based mining giant Bitmain at recent meeting with clients. On Dec. 10, Bloomberg reported that Wu Jihan made a public appearance […]
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