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Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin
6.10.2024
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff...
US Government Seeks Forfeiture of 200,000 USDT Tied to Bitcoin Theft in Ohio
5.10.2024
The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track...
Elon Musk: America Is Headed for Bankruptcy
4.10.2024
Tesla CEO Elon Musk has reiterated his concerns regarding U.S. government spending, warning that America is on a fast track to bankruptcy. Highlighting growing national debt, he reacted to a staggering $204 billion increase in just one day. Musk stressed that interest payments on federal debt...
CFTC reportedly mulling accepting digital assets as trading collateral
3.10.2024
The proposal faces multiple steps before approval, but its passage could ultimately be a boon for the digital assets market
UK city minister pushes blockchain gilts despite gov’t concerns
2.10.2024
Despite resistance from the UK’s Debt Management Office, City Minister Tulip Siddiq pushes for blockchain-based bonds to modernize financial markets
Deep Chainsaw: Milei’s Government Prepares New Measures to Curb Public Spending
29.9.2024
Federico Sturzenegger, Argentine President Javier Milei’s Minister of De-Regulation and State Transformation, explained that the administration is preparing to implement new measures to reduce public spending. Calling it “Deep Chainsaw,” Sturzenegger revealed that the government is working...
Why Stablecoins Fail: Lessons From the Past
29.9.2024
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’...
6 things the US needs to stay competitive in crypto, according to execs
28.9.2024
The US is in danger of being left behind by more progressive jurisdictions in Asia, Europe and elsewhere
6 things the US needs to stay competitive in crypto, according to execs
28.9.2024
The US is in danger of being left behind by more progressive jurisdictions in Asia, Europe and elsewhere
US sanctions Russian crypto platforms for money laundering ties
26.9.2024
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance
Russia’s Cybercrime Damage Exceeds $1.25 Billion in 2024, Minister Says
26.9.2024
Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent targets. He highlighted that cybercrime now represents 40% of all crimes...
Former Government Employees, Compliance Officers Rally for Detained Binance Executive
25.9.2024
A handful of former prosecutors and compliance professionals staged a protest in front of the United Nations General Assembly Wednesday
Telegram to Provide More User Data to Governments After CEO’s Arrest
23.9.2024
Messaging app Telegram made significant changes to its terms of service, chief executive officer Pavel Durov said in a post on the app on Monday
Government of Bhutan Holds $828M in Bitcoin, Arkham Data Shows
22.9.2024
The government of Bhutan is currently holding over $828 million in bitcoin, according to onchain data by Arkham Intelligence. “Unlike most governments, Bhutan’s BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically...
Louisiana Announces Crypto Payment Options for State Services
20.9.2024
The U.S. state of Louisiana has announced that residents can now use bitcoin, bitcoin lightning, and USD Coin to pay for state services through private, secure crypto wallets. “By introducing cryptocurrency as a payment option, we’re not just innovating; we’re providing...
Germany seizes 47 crypto exchanges tied to ‘underground economy’
20.9.2024
German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon
German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’
19.9.2024
The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering
Louisiana takes first crypto payment over Bitcoin Lightning
19.9.2024
Louisiana is now taking crypto payments for state services, and its Wildlife and Fisheries Department has just taken the government’s first crypto payment
Hong Kong prepares AI guidelines for finance sector
17.9.2024
Hong Kong’s government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week
Former Commerce Secretary Warns US Headed for Recession
16.9.2024
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the...