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Nalezeno "crypto use": 68

18M Americans used or owned crypto last year: Fed survey estimates

23.5.2024
Just 1% of United States adults reported using crypto for payment or to send money in 2023

Treasury’s Yellen: More Power Needed to Counter Crypto Use by Terrorist Groups

9.2.2024
U.S. Treasury Secretary Janet Yellen has expressed the need for increased authority within the Treasury Department to address the alleged utilization of crypto by terrorist groups. Senator Sherrod Brown, known for his role in shaping crypto legislation, questioned Yellen about the necessary updates...

Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals

7.2.2024
The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department’s 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing report highlights that virtual assets are increasingly used by illicit...

Biden Administration Seeks More Tools to Combat Illicit Crypto Use, Says Treasury Official

9.11.2023
United States Deputy Secretary of the Treasury Wally Adeyemo says the Biden administration is seeking more tools to combat the illicit use of crypto. “We’re going to work with Congress to get more tools,” he stressed, advising the crypto industry to “make sure that you’re...

Coinbase Lobbying Strategy Faces Hurdles Following Hamas Crypto Use: Berenberg

18.10.2023
Financial analysts at Berenberg view recent reports of Hamas crypto donations as a major stumbling block to the pace of positive crypto regulations globally. In an Oct 18 research document, the wealth manager stated that Coinbase's intense digital asset lobbying efforts in the United States might...

Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts

18.10.2023
Reports of Hamas using crypto to fund recent attacks in Israel could make Coinbase’s lobbying efforts more difficult, says Berenberg lead analyst Mark Palmer

Latam Insights: Venezuela and Argentina Leverage ‘Unique’ Crypto Use Cases, Brazilian Congress Advises Indicting CZ

16.10.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuela and Argentina use crypto uniquely, according to Chainalysis; the Brazilian Congress recommends indicting Binance CEO Changpeng Zhao, and...

‘Massive’ crypto use cases to surface by 2030 — Coinbase exec

26.9.2023
Cointelegraph talks with Coinbase protocols lead and Base creator Jesse Pollak about the company’s new blockchain, which is already a force to be reckoned with

Fitch Downgrades US Government’s Debt Rating – Does This Boost Crypto’s Use-case?

2.8.2023
In a surprise move, global rating agency Fitch downgraded the US government’s credit rating from AAA to AA+ on Tuesday. In a report released on its website, the ratings agency cited expected fiscal deterioration over the coming three years, a high and growing government debt burden and “erosion...

Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco

11.5.2023
The Casablanca Court of Appeal upheld the conviction of 21-year-old French citizen Thomas Clausi for illegal use of cryptocurrency

IMF Had Warned G-20 That Widespread Crypto Use Would Impact Banks

13.3.2023
The International Monetary Fund (IMF) had warned the G-20 nations that the widespread proliferation of crypto assets could lead to banks losing deposits and curtailing lending, a report made public on Monday reveals

What is the best crypto use case? Community answers

30.11.2022
A community member argued that the best crypto use case is still how crypto provides a decentralized, peer-to-peer payment system that eliminates middlemen like banks

Remittances drive ‘uneven, but swift’ crypto adoption in Latin America

21.10.2022
The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption

EU's ESMA Raises Alarm Bells Over Growing Crypto Use as It Prepares for New Powers

4.10.2022
The European Securities and Markets Authority is worried about consumer rip-offs, as well as novel risks like hacks and consensus manipulation

ETH Merge Forks, Quantum Computing, Biden Draining Oil Reserves, DOJ Targets Criminal Crypto Use — Week in Review

25.9.2022
With the Ethereum Merge event now successfully completed, new proof-of-work (PoW) forks have emerged to vie for miner acceptance. This, as the United States government, has warned that the post-quantum world is getting closer, and vulnerable cryptography will need to be protected. Amidst red...

US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks

21.9.2022
The U.S. Department of the Treasury is seeking public input on “digital-asset-related illicit finance and national security risks.” The department warned: “The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist...

Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round

11.9.2022
After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa....