Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk. There is no doubt that digital currencies provide benefits for an individual, a company and an institution by facilitating better access to financial products and services. Money laundering costs the global economy between $800 billion and $2 trillion annually, […]
Continue Reading
Kaspersky Labs and other malware labs have identified a sharp rise in crypto-related scams in Russia during the first half of 2020. Cybersecurity firms have identified an exponential rise in crypto-related scams in Russia during the first half of 2020. Researchers identified 23,000 sites involved with crypto scams that are still online and targeting new […]
Continue Reading
Billionaire investor and Gemini founder Cameron Winklevoss says the next Bitcoin bull run will be “dramatically different.” Cameron Winklevoss, the billionaire founder of cryptocurrency exchange Gemini, believes the next Bitcoin (BTC) bull run will be much different. When compared to previous bull markets, Winklevoss noted that there is substantially more capital, infrastructure, and better projects. […]
Continue Reading
Acting Comptroller of the Currency Brian Brooks points to existing stablecoin projects as an example for U.S. payments infrastructure. Brian Brooks, the Acting Comptroller of the Currency and former head of Coinbase’s legal department, put forward blockchain as better than the United States’ current bank-dependent payments system. Decentralization for future payments On July 29, Brooks […]
Continue Reading
Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million. Decentralized finance (DeFi) loan protocol Aave has seen an explosion in the number of flash loans issued — with the daily value of said loans growing more than 1,000% since the start of July from $11 […]
Continue Reading
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee […]
Continue Reading
Industry observers say unchecked yield chasing may have negative consequences on the fledgling DeFi market. Three years on from the initial coin offering mania of 2017, decentralized finance is the new hype. Spurred on by the promise of high annual gains, traders appear to be sowing heavily in crypto’s latest yield-generating arena that is DeFi. […]
Continue Reading
What are the main reasons why mainstream cryptocurrency adoption has not yet begun? And why does it remain so complicated? As the human race evolves, our means of exchanging value also continuously develops. From the barter system that dates back to 6,000 B.C. to the present-day use of fiat currency, the human race has been […]
Continue Reading
Check out this week’s Bad Crypto podcast. It’s been a good week for Bitcoin. The dollar price is up more than 3 percent to around $9,500. That $10,000 ceiling is looking more fragile than ever. One sign that the ceiling may be about to break is the decline in Google searches for “Bitcoin.” According to Google […]
Continue Reading
Here are some important things to know before giving donations in cryptocurrency for charitable purposes. Last month, the United States Congress increased the tax benefits of charitable giving in the CARES Act in hopes that people will give more. Some give money; others give property; and a growing number have been giving crypto assets. Once […]
Continue Reading