Blockchain Makes Money Laundering Risks Greater, Says Swiss Regulator

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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Crypto Exchange BTSE Eyes $50M for Exchange Token Sale on Liquid Network

Dubai-based crypto futures exchange BTSE plans to host the first-ever native exchange token sale based on Blockstream’s Bitcoin sidechain, the Liquid Network. Multi-currency and spot/futures exchange BTSE plans to host the first-ever native exchange token sale based on a Bitcoin (BTC) sidechain.  The exchange seeks to raise $50 million, Finance Magnates reports on Dec. 10, […]

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Top-5 Cryptos This Week: XTZ, ATOM, XRP, XMR, BNB

Can the approaching holiday season boost Bitcoin and crypto prices? Let’s analyze the charts of the top performers of the past seven days. The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their […]

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Report: Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019

In 2019, the total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion, according to a recent CipherTrace report. In 2019, the total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion, according to CipherTrace’s report for the third quarter of 2019. In its “Cryptocurrency Anti-Money Laundering Report, 2019 […]

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Cyber Criminals Are Using YouTube To Install Cryptojacking Malware

Major antivirus software supplier Eset has found cyber criminals using YouTube to distribute mining modules to cryptojack Monero. Slovakian software security firm Eset has uncovered that cyber criminals behind the Stantinko botnet have been distributing a Monero (XMR) cryptocurrency mining module via Youtube. On Nov. 26, the major antivirus software supplier Eset reported that the […]

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BitBay Crypto Exchange to Delist Monero Due to Money Laundering Concerns

Cryptocurrency exchange BitBay will delist privacy-centric cryptocurrency Monero in 2020 due to money laundering concerns. Cryptocurrency exchange BitBay will delist privacy-centric cryptocurrency Monero (XMR) due to money laundering concerns. The exchange announced the decision on Nov. 25, noting that the delisting will take place on Feb. 19, 2020. The exchange explained its decision “Monero (XMR) […]

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