Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus. Controversial German payments processor Wirecard — the issuer of several crypto debit cards — has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the […]
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A new indictment came down in the case involving three Canadians behind the alleged PlexCoin ICO scam which raised $8M in 2017. Three Canadian citizens involved with an alleged initial coin offering scam from crypto project PlexCorps have been charged with fraud over conning investors out of $8 million. According to a July 24 statement […]
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According to Chainalysis, almost one million Bitcoin is held by Dark Web markets and cybercriminals, with crypto exchanges playing a pivotal role in the space. According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets. Bitcoin held by illicit entities. Source: […]
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Discussing the reasons for why we need a blockchain estate registry and the constraints of the technology. Since 2015, the blockchain industry has generated a variety of economic concepts and supported them with relevant technologies: initial coin offerings, initial exchange offerings, security token offerings, data access object, permissioned ledgers, stablecoins, decentralized finance, etc. In a […]
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Japanese exchange Liquid is not closed to the idea of relisting Zcash, an asset the outfit recently delisted due to regulatory precaution. After delisting privacy-focused asset Zcash (ZEC) in pursuit of regulatory compliance, Japanese exchange Liquid is not against a future relisting, pending regulatory clarity. “Regarding ZEC and our decision to temporarily stop providing trading […]
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Japanese exchange Liquid officially announced the delisting of 27 assets, citing regulatory precautions. Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance. “Liquid works closely with regulators in Japan and Singapore,” Melamed told Cointelegraph on July 25. Referring to Anti-Money Laundering, or AML, […]
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Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex. The very first Bitcoin (BTC) ATM came to the United States in 2014 to Austin, Texas. This historic event occurred quickly after Canada pioneered the idea in 2013, and the excitement and demand for such […]
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Liquid exchange plans to delist major privacy coin Zcash in an effort to play nice with Singaporean regulators. Japanese cryptocurrency exchange Liquid is reportedly delisting privacy-focused coin Zcash (ZEC) in order to apply for a license to operate in Singapore. The Electric Coin Company, which develops the Zcash cryptocurrency, announced the news in a July […]
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Investors tell us that something has gone wrong within a once-hot crypto company. A number of people who invested in a cryptocurrency company are claiming that the company is scamming its users. The fund in question is called AMFEIX, which promised high-yield monthly returns to its users and supposedly raised more than $60 million in […]
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Cryptocurrency businesses are facing increasing challenges as new regulations are introduced globally, which is changing the face of the industry and forcing companies to search for effective solutions. Anti-Money Laundering and Combatting the Financing of Terrorism regulations demand that financial companies follow strict guidelines in order to curb and track illicit activity. Staying in compliance […]
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