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Fed Governor’s Crypto Testimony Reveals US Central Bank Has No Plans For Regulation
Jerome Powell, chairman of the U. S. Federal Reserve, raised concerns about cryptocurrencies on Wednesday, saying they present serious risks to investors. During his testimony before the House Committee on Financial Services,Powell was asked for his opinion on cryptocurrencies and he had few kind words for the sector. дальше »
2018-7-19 15:00 | |
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Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. дальше »
2018-7-19 14:05 | |
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Fannie Mae And Freddie Mac In Limbo – Lehman’s Bankruptcy Is Still Not Over
Ten years ago Fannie Mae and Freddie Mac emerged as a major worry in the financial sector, one that would require a massive bailout from the federal government and placement into conservatorship. Q2 hedge fund letters, conference, scoops etc By User:AgnosticPreachersKid (Own work) [CC BY-SA 3. дальше »
2018-7-19 10:35 | |
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US Fed Chairman Maintains Cryptos Don’t Have Intrinsic Value
On Wednesday morning, the U. S. Congress held a hearing regarding cryptocurrencies, hearing mixed opinions from regulators and representatives of the U. S. government. Federal Reserve Chairman: Cryptos Aren’t A Store of Value Or A Payment Tool Jerome Powell, the chairman of the U. дальше »
2018-7-19 10:30 | |
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Southern District of TX Court Upholds The Net Worth Sweep, Exposes Taxpayers
In an otherwise disappointing ruling handed down by a federal appeals panel July 17, a dissenting view once highlighted the damage done by the government’s ongoing abuse of its statutory authority in confiscating the profits of the government sponsored enterprises Fannie Mae and Freddie Mac. дальше »
2018-7-19 08:35 | |
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According to the Fed Chairperson, Money Laundering Benefits Greatly from Cryptocurrencies.
Jerome Powell, chairman of the U. S. Federal Reserve, had some harsh words for cryptocurrencies during an appearance before the U. S. Congress. “They are very challenging because cryptocurrencies are great if you’re trying to hide or launder money, we have to be very conscious of that,” he said. дальше »
2018-7-19 01:09 | |
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Fed Chair: Cryptocurrencies Are 'Great' For Money Laundering
Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill. дальше »
2018-7-19 22:20 | |
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IBM to Support a Stable Coin Insured by US Congress Created Agency
IBM is all set to explore a new digital asset on its blockchain platform. Designed and published by Stronghold, the new stable coin will be insured by the Federal Deposit Insurance Corporation, an agency created by US Congress. дальше »
2018-7-18 19:39 | |
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Brazilian Authorities Shutter International Cocaine Ring Financed Using Bitcoins
The Brazilian Police force has successfully arrested several members of an international drug syndicate using cryptocurrency to launder proceeds from their illicit deals. End of the Road According to local news Folha de S. дальше »
2018-7-18 18:00 | |
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FDIC-rypto? IBM, Stronghold to Launch First Insured Stablecoin
IBM has partnered with fintech startup Stronghold to launch a stablecoin pegged to the US Dollar. The cryptocurrency will be tied to government-backed fiat deposited at banks covered by the Federal Deposit Insurance Corp (FDIC). дальше »
2018-7-18 15:00 | |
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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U. дальше »
2018-7-18 22:00 | |
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IBM Launches USD-pegged Stablecoin, Assisting Stronghold
A crypto startup Stronghold is launching a new stablecoin in partnership with IBM. Stronghold, a financial institution building an asset-agnostic global payment and trade ecosystem, is launching a cryptocurrency insured by the Federal Deposit Insurance Corp. дальше »
2018-7-17 18:51 | |
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Russian Hackers Utilized Bitcoin’s Anonomity to Influence Election – Will It Bring ‘FUD’ to the Crypto Market?
The U. S. Department of Justice, recently, filed new charges against 12 Russian intelligence agents who hacked into the Democratic National Committee and the 2016 Clinton presidential campaign. According to a federal indictment released on July 13, 2018, the Russian hackers used cryptocurrencies like Bitcoin to mask their identities and launder money. дальше »
2018-7-16 15:59 | |
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Russian Intelligence Officers Face Criminal Charges after Using Bitcoin to Infiltrate Hillary Clinton’s Election
On July 13, 2018, an 11-count federal indictment was filed against twelve Russian military intelligence officers allegedly infiltrating Hillary Clinton’s presidential campaign in 2016. The accused used cryptocurrencies to finance their operations and avoid the strict financial scrutiny that accompanies fiat operations. дальше »
2018-7-14 21:30 | |
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The Daily: Russians Used Bitcoin to Hack US Elections, Trader Bets on the Price of BTC
Russian intelligence officers accused of meddling in the 2016 presidential elections in the US have used bitcoin to finance their campaign, cover the tracks and obscure their identities, a new federal indictment suggests. дальше »
2018-7-14 15:05 | |
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Bitcoin (BTC) Was Used By Russian Agents to Meddle with the 2016 U.S Presidential Elections
The United States Department of Justice (DOJ) has recently released a Grand Jury indictment charging 12 Russian nationals with committing federal crimes that were primarily funded by Bitcoin (BTC). дальше »
2018-7-14 12:22 | |
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US DoJ Charges 12 Russian Officials for ‘Interference’ with Election
The U. S. Department of Justice (DoJ) released an indictment on July 13 charging twelve Russian nationals with committing federal crimes — funded by cryptocurrencies — with the aim of “interfering” in the 2016 U. дальше »
2018-7-14 01:07 | |
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US President Donald Trump Creates Task Force To Curb Crypto Fraud
A new task force has been formed by the US government to protect consumers from threats related to money laundering, investment schemes targeting virtual currencies. An executive order signed by President Donald Trump listed the Justice Department and agencies including the SEC, the Federal Trade Commission and the Consumer Financial Protection Bureau as leaders of […] The post US President Donald Trump Creates Task Force To Curb Crypto Fraud appeared first on ZyCrypto. дальше »
2018-7-13 18:31 | |
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‘Pitcin Maven’ imprisoned for multi-million dollar Bitcoin cash transaction – Kismotto
The latest cryptocurrency criminal to get the book thrown at them is “Bitcoin Maven,” a 50-year-old woman who ran a bitcoin-for-cash exchange operation. The Department of Justice announced Theresa Lynn Tetley, a former stockbroker and real estate investor, was sentenced to 12 months and one day in federal prison this week for operating an unlicensed дальше »
2018-7-12 09:36 | |
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Philippines Regulators Forecast Significant Crypto Profits From Exchange Licensing
The head of a major economic zone located in crypto powerhouse the Philippines has come forward with his prediction that the country will see over $67 million in newly-generated financial interactions following its decision to begin issuing crypto exchanges licenses to legally distribute the coins as securities. дальше »
2018-7-12 09:27 | |
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The Federal Bank of Finland says ‘a fall in digital currency’
On the other hand, it may be reflecting how the world wide web and social media have muddled our sense of fact and fiction. The BoF follows hot on the heels of preliminary remarks by a working group set up by France to examine digital currency regulation. As for Bitcoin’s future, Grym decides that adoption дальше »
2018-7-12 09:21 | |
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Romania Drafting Bill to Regulate Electronic Money
The Romanian Ministry of Finance has published a draft “Emergency Ordianance” regulating the issuing of electronic money, Business Review reports. The new bill requires issuers of over EUR 350,000 of social capital in the form of electronic money to be cleared by Romania’s central bank. дальше »
2018-7-9 18:49 | |
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Cooperation to distribute cancer drugs using FEDEX and Good Shepherd Pharmacy Blockin
The FedEx Institute of Technology and Memphis-based pharmacy services company Good Shepherd Pharmacy have partnered with the aim to develop a blockchain infrastructure that will help cancer patients get quicker access to vital medications. дальше »
2018-7-9 17:11 | |
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IBM Secures $1 Billion Australian Dollar Blockchain Deal
The Australian government has chosen IBM as its central technology partner for the next five years in a deal worth $740 million dollars. The agreement will cover technology services provided to government departments, including services which will use IBM’s automation and blockchain technologies. дальше »
2018-7-9 03:00 | |
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Bitcoin Cash Supporter Roger Ver: “I was Tortured in Federal Prison.”
Never start your prison sentence on a Friday. That was Roger Ver’s first piece of advice, given out as part of a revealing new video in which Ver describes his experience being tortured at a United States federal penitentiary. дальше »
2018-7-7 22:24 | |
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Ripple Labs Faces Its Third XRP-Related Lawsuit as SEC’s Stance Remains Unclear
There are still some concerns as to whether or not Ripple’s XRP will be labeled a security. The SEC has not yet rendered its verdict in this regard. Another lawsuit has been filed against the founder of Ripple Labs, alleging that the defendants broke state and federal securities laws by selling the unregistered XRP asset. […] дальше »
2018-7-6 19:00 | |
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Square Confirms Withdrawn Application to the FDIC
On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active. дальше »
2018-7-6 13:00 | |
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Indian Banks Banned from Participating in Cryptocurrency-Related Transactions
Today marks the official deadline by which Indian banks have to end any relationship with cryptocurrency exchanges. India’s federal government has had some of the harshest regulatory legislation aimed at cryptocurrencies of any country to date. дальше »
2018-7-6 01:52 | |
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IBM partners with Australian Gov’t to use blockchain for data security in $740 Million Deal
IBM has signed a five-year AU$1 billion ($740 million) deal with the Australian government to use blockchain and other new technologies to improve data security, Bloomberg reports Thursday, July 5. The major contract will see IBM provide technology such as blockchain, automation and artificial intelligence (AI) to Australian federal departments, including defense and home affairs. дальше »
2018-7-6 00:31 | |
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FBI Has 130 Cryptocurrency-Related Cases, Reveals Agent
The cryptocurrency industry is linked to several illegal activities, and the Federal Bureau of Investigation (FBI) is currently investigating 130 cases. Kyle Armstrong, a supervisory special agent, revealed info while speaking at a cryptocurrency conference titled “Crypto Evolved” in New York on Wednesday, June 27, reported Bloomberg. дальше »
2018-7-1 14:14 | |
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Red Flag Waved in Tether’s Relationship with Kraken Exchange
This summer, over 50,000 trades on popular crypto exchange Kraken, concerning the very controversial alternative coin tether (USDT), were analyzed by journalists, an academic, and a former US Federal Reserve regulator. дальше »
2018-7-1 13:40 | |
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$5 million worth Bitcoin [BTC], Stellar Lumens [XLM] and other cryptos impounded in Europe’s LSD raid
Bitcoin [BTC], IOTA [MIOTA], Stellar Lumens [XLM], worth $5 million and other cryptocurrencies along with 800,000 doses of LSD were confiscated by the authorities in Europe as a part of one of the largest drug raids of the continent. дальше »
2018-7-1 04:59 | |
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Federal police seize 2,000 BTC in operation ‘dark gold’
US federal authorities have uncovered a trove of illegal materials including guns, drugs, and even a grenade launcher. The materials are the result of an ongoing operation called ‘dark gold’ which sought to uncover illegal activity on the dark web. дальше »
2018-7-1 01:05 | |
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Swiss Banks’ Practices Towards Blockchain Companies Under Scrutiny by Finance Minister
The Swiss Finance Minister, Federal Councilor Ueli Maurer, has set-up a working group under the leadership of the Swiss Banking Association (SBA) to develop recommendations on how banks should deal with. дальше »
2018-6-28 18:00 | |
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Cryptocurrency still cruising as US Federal Reserve Bank Recognizes it
One of the 12 regional Reserve Banks in the US central banking system, The Federal Reserve Bank of St. Louis, have added four cryptocurrencies to its database. Bitcoin, its off-spring from a fork, Bitcoin Cash, Litecoin, and Ethereum are the four cryptocurrencies which were chosen and daily data on their prices will be listed on […] The post Cryptocurrency still cruising as US Federal Reserve Bank Recognizes it appeared first on ZyCrypto. дальше »
2018-6-28 17:44 | |
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FBI looks into 100+ Cyrpto-Related cases
These cases “encompass crimes such as human trafficking, illicit drug sales, kidnapping and ransomware attacks.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space FBI’s 130 Crypto-Related Cases The Federal Bureau of Investigation (FBI) reportedly “has 130 cases tied to cryptocurrencies,” according to Supervisory Special Agent Kyle Armstrong. “There are thousands of cases in the дальше »
2018-6-28 12:09 | |
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The FBI Agent estimates 130 Crypto Investigations Annaye
The U.S. Federal Bureau of Investigation (FBI) is currently running 130 different cryptocurrency-related investigations, Bloomberg reported Wednesday. FBI Supervisory Special Agent Kyle Armstrong told the Crypto Evolved conference in New York that the agency is investigating a variety of crimes, including human trafficking, drug transactions, kidnapping and ransomware, which have a cryptocurrency component, according to дальше »
2018-6-28 12:04 | |
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