An increase in crypto crime brings total direct losses to $4.5 billion, but legacy banks are yet to feel the pain. The nature of cryptocurrency fraud is shifting away from exchange hacks, and toward Ponzi-style frauds, pyramid schemes and exit scams. A massive 533% rise in the value of such crimes means that as misappropriated […]
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On the heels of new anti-Money Laundering laws, over 40 German banks are reported to have sought regulators’ go-ahead to offer digital assets services. On the heels of new Anti-Money Laundering laws, several German banks are reported to be seeking regulators’ go-ahead to offer digital assets services. Local newspaper Handelsblatt reported on Feb. 7 that […]
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Thickening regulations may drive crypto firms out of the EU, the rest will have to comply with “unclear and fragmented” laws for benefits in the long run. The European Union lately has been a hotbed for political and regulatory developments that could have a considerable impact on the day-to-day operations of the continent’s financial service […]
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Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake blockchain. Leading stablecoin operator Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain. In a press release on Feb. 10, Tether announced that USDT on Algorand will feature confirmation times as low as four seconds and transaction […]
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BitGo, a U.S.-based firm that claims to process over 20% of all Bitcoin transactions, established new regulated custody entities in Germany and Switzerland. Major digital asset financial services firm BitGo is expanding its global reach by setting up two new regulated custodial entities in Europe. BitGo, a United States-based firm that claims to process over […]
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Swiss regulators are now adopting FATF directives from June 2019, which required to lower the threshold for unidentified crypto exchange transactions to just $1,000. The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on Feb. 7. Citing additional risk, the threshold for unidentified crypto exchange transactions is lowered from 5,000 CHF to […]
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With Ether breaking through the $200 mark yesterday, a bullish $1 billion in value is now locked in the DeFi markets. With Ether (ETH) breaking through the $200 mark yesterday, $1 billion in value is now locked in the DeFi markets. Total value locked in DeFi markets, Feb. 7. Source: defipulse.com As of Feb. 7, […]
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The United Kingdom’s financial regulator, the Financial Conduct Authority, is looking to hire a specialist with a cryptocurrency background. The United Kingdom’s major financial regulator, the Financial Conduct Authority (FCA), is looking to hire a specialist with a cryptocurrency background. Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital assets […]
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Cryptocurrency companies adopt features similar to legacy finance, offering better benefits to users. But will this help in the end? Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance. The post points out that all crypto companies, exchanges included, will soon offer users […]
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Gemini, a crypto exchange founded by Tyler and Cameron Winklevoss, has added integration with major crypto charting service TradingView. Gemini, a cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has integrated popular trading chart analysis service TradingView. According to a TradingView’s announcement on Feb. 4, Gemini has added the trading service as a trading partner, […]
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