The head of a major Mexcian financial intelligence unit has complained that local law enforcement has only a quarter of the staff it needs to respond to crypto laundering from cartels. Mexican authorities report an increase in the use of crypto assets to launder funds by criminal syndicates in Latin America. In a Dec. 8 […]
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Many are calling for Donald Trump to grant clemency to the Silk Road founder before Trump leaves office on Jan. 20. With just 44 days before Joe Biden’s inauguration as President of the United States, players in the crypto space are imploring Donald Trump to use his pardoning power for Silk Road founder Ross Ulbricht. […]
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“Being your own bank” doesn’t have to be hard — here’s a few hints on how to do it right As the cryptocurrency market is in the midst of a major bull run with Bitcoin (BTC) approaching its all-time highs, the security concerns of cryptocurrency self-storage are becoming more relevant than ever. On Nov. 12, […]
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The way OKEx has handled its nearly month-long withdrawal ban has left many of the company’s loyal customers confused and angry. As the crypto market continues to soar to new heights on a nearly daily basis — with Bitcoin (BTC) currently resting around the $16,100 threshold — the murkiness surrounding cryptocurrency exchange OKEx has continued […]
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Customers can now borrow money from crypto exchange Bitfinex. Amid a year of significant growth for the decentralized finance space within the crypto industry, Hong Kong-based crypto exchange Bitfinex has unveiled its new lending service today, called Bitfinex Borrow. “Bitfinex Borrow is a borrowing platform,” Bitfinex chief technology officer Paolo Ardoino told Cointelegraph. “This particular […]
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KuCoin has resumed full services for 176 out of the total 230 tradable assets to date. KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said. Johnny Lyu, a co-founder and CEO at KuCoin, announced on Nov. 11 that the exchange has […]
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The Silk Road saga gets more airtime on the latest CBS News documentary Mainstream U.S. media outlet CBS is airing a documentary tonight on the takedown of the Silk Road dark web marketplace. It features an interview with Julia Vie, former girlfriend of Silk Road founder Ross Ulbricht who claims ‘Dread Pirate Roberts’ wasn’t motivated […]
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The recent surge in DeFi makes the industry is an attractive target for hackers. Cryptocurrency-related crimes have slowed down in 2020, but some sectors within the crypto industry have become a new hotbed for criminal activity, a new report says. Citing major crypto analytics firm CipherTrace, Reuters reported on Nov. 10 that total losses from crypto […]
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Are a raft of recent FUD events coincidental, or are global authorities targeting unregulated crypto exchanges? The mood of fear, uncertainty and doubt, otherwise known as FUD, that has gripped some of the largest cryptocurrency exchanges since October heightened last week — and it had nothing to do with the United States presidential election. “Weird […]
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Ciphertrace speculated the anonymous user made the transactions “to stay up to date with the Bitcoin network,” but it may have been hacked. An anonymous crypto user has just moved 69,370 Bitcoin from an address associated with the Silk Road darknet market, that more recently has become a popular hacking target. According to a Nov. […]
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