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Bank of Russia Lists Crypto Companies Among Financial Pyramids
24.9.2021
The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank...
Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers
14.9.2021
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank...
Russian Central Bank Tells Domestic Banks to Block Crypto Exchange Transactions
13.9.2021
gal business activities” such as “cryptocurrency exchanges,” which it clumped together in the same group as “online casinos and lotteries,” “financial pyramid schemes” and forex dealers.The central bank said it wanted domestic financial institutions to “block transactions” and “completely sto
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
28.7.2021
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying...
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
24.6.2021
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries....
Bitcoin 'Fake-Selloff' Was Driven by Dealers With Short Inventory - Arca
27.4.2021
What we saw last week in the crypto market wasn't actually a selloff, but the price being artificially driven down by dealers with short inventory, according to Jeff Dorman, the Chief Investment Officer (CIO) of US-based investment management firm Arca. Also, the second-highest amount...
Wildly Popular Live Casino Games from Evolution Now Available on Bitcoin.com’s Gaming Portal
9.4.2021
Bitcoin Games adds live casino games and shows from the most sought-after gaming software provider. Play Live Casino Games with Real Dealers Bitcoin Games is a one-stop gaming portal for players to enjoy a variety of casino games playable with cryptocurrency. There is something for everyone –...
Crypto Firm Uphold Gets US OK to Buy Broker-Dealer JNK Securities
31.3.2021
Uphold is set to become one of the first cryptocurrency businesses in the U.S. to offer securities on an omnibus basis to retail investors, the company said
Silver Squeeze Goes Viral, Ounce of Ag Jumps Above $30, Wallstreetbets Fans Question Trend’s Legitimacy
2.2.2021
This past week, another social media trend started on the Reddit forum r/wallstreetbets, which aims to initiate a large silver short squeeze in order to push the price of the precious metal to $1,000 per ounce. However, the silver squeeze trend comes with controversy, as numerous wallstreetbets...
Digital Securities Brokers May Not Be Subject to Enforcement for 5 Years, Says US Regulator
24.12.2020
The U.S. Securities and Exchange Commission (SEC) issued a statement and is looking for public comment toward the custody of digital asset securities that have been handled by special purpose broker-dealers. The statement from the SEC follows the recent crackdown against Ripple Labs and...
SEC Gives Broker-Dealers Room to Handle Crypto Securities
23.12.2020
The SEC's broker-dealer guidance was generally welcomed as a step in the right direction by industry players
The SEC shows some mercy to broker-dealers handling security tokens
23.12.2020
In a Christmas present for the crypto industry, broker-dealers who abide by existing rules while holding security tokens in custody will not face enforcement action for the next five years
US Lawmakers Ask SEC to Clarify Broker-Dealer Rules
9.12.2020
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets
Texture Capital Awarded FINRA License to Trade Security Tokens
10.11.2020
Texture is the latest tokenization firm to eye the $1.5 trillion private securities market
Securitize Goes License Shopping With Acquisition of SEC-Registered Broker-Dealer
15.10.2020
Security token firm Securitize announced Thursday its planned acquisition of Distributed Technology Markets (DTM)
A System of Robot Drug Dealers on Telegram Allows People to Buy Illegal Products for Bitcoin
13.10.2020
There’s a new avenue darknet market (DNM) customers have found that allows them to purchase illegal wares 24 hours a day via a robot drug dealer hosted on Telegram. The platform dubbed ‘Televend,’ is an automated software program that peddles illicit narcotics for people paying...
$9 Trillion in Stimulus Injections: The Fed’s 2020 Pump Eclipses Two Centuries of USD Creation
5.10.2020
Since September 2019, research shows the Federal Reserve has pumped over $9 trillion to primary dealers by leveraging enormous emergency repo operations. A recently published investigative report shows the U.S. central bank submits the daily loan tally, but the Fed will not provide the public with...
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...
DeFi Protocols Should Be Fiduciaries, Not Structured Product Dealers
23.6.2020
Open protocols can help reform the financial system, says our columnist. But they need to come with safeguards consumers understand
US Treasury to ‘Borrow’ $3 Trillion for a Single Quarter – Anticipates Taking Billions More for Q3
5.5.2020
On Monday, the United States Department of the Treasury announced it will be “borrowing” a record $3 trillion to help support the American economy. The move comes after the Federal Reserve dished out over $6 trillion to private dealers before the first U.S. Covid-19 death, and the $1.5...