Search
US Authorities Accuse Former Security Engineer of Siphoning $9 Million From Defi Platform
13.7.2023
Authorities in the United States recently revealed that law enforcement has arrested Shakeeb Ahmed for “wire fraud and money laundering in connection with his attack on a decentralized cryptocurrency exchange.” The U.S. Attorney for the Southern District of New York suggested that...
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
Bank for International Settlements Rejects Crypto as Money in Report to G20
12.7.2023
A new report from the Bank for International Settlements (BIS) has pointed to “inherent structural flaws” in crypto as the reason why it will never become money.
In the report, the BIS made it clear that it believes crypto has problems related to its “stability and efficiency,” while also...
Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report
12.7.2023
Crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, according to Chainalysis
Central Banks Controlling Money Is Not Democracy, Balaji Srinivasan Says
12.7.2023
If central banks control all uses of money, this is not democracy, Coinbase’s ex-tech chief Balaji Srinivasan is convinced. The entrepreneur commented on statements by the head of the Bank of International Settlements during an IMF meeting devoted to cross-border payments. Balaji Srinivasan Speaks...
Economist Peter Schiff Warns All Banks Will Fail, People Will Suffer Massive Losses as Banking Crisis Unfolds
12.7.2023
Economist Peter Schiff has warned that all banks will fail and anyone having a bank account will end up losing money. “No matter what happens, people are going to lose a tremendous amount as this banking crisis unfolds,” Schiff stressed. Peter Schiff Warns About All Banks Failing Economist and gold...
Crypto and Stablecoins Are Not Money, Says Bank of England Governor in Favor of 'Enhanced Digital Money'
11.7.2023
Andrew Bailey, Governor of the Bank of England (BoE), has reiterated his stance against cryptocurrencies, during his recent speech at the Mansion House in London.
Bailey, who has previously voiced his concerns about the speculative nature of digital currencies, said Monday that Bitcoins have...
Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20
11.7.2023
Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses
BOE governor trashes crypto, stablecoins in favor of ‘enhanced digital money’
10.7.2023
A retail CBDC or “enhanced” digital money would support the singleness of money and settlement finality, Andrew Bailey said, but crypto isn’t money
An Orb, a Token and Money for Everyone: Worldcoin’s CEO on Crypto’s Most Daring Project
10.7.2023
Alex Blania on collaborating with Sam Altman on a universal basic income for eight billion people
Lawyer Outlines What Would Happen if SEC Wins Lawsuit Against Ripple Over XRP
9.7.2023
A lawyer has outlined what he believes to be the most likely outcome if the U.S. Securities and Exchange Commission (SEC) wins against Ripple Labs and XRP is declared a security. He expects Ripple to appeal if the SEC wins, warning: “If Ripple loses to the SEC, there won’t be...
The Real Use Case for CBDCs: Dethroning the Dollar
7.7.2023
Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey
Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’
6.7.2023
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent...
Report: Namibian Parliament Passes Crypto Regulation Bill
6.7.2023
The Namibian parliament recently passed a bill that aims to establish a regulatory regime for cryptocurrencies. According to the Namibian Finance Minister, safeguarding the interests of consumers and combating market abuse are some of the reasons why parliament has taken this step. Mitigating Money...
Twitter receives money transmitter licenses in three US states
5.7.2023
Michigan, Missouri, and New Hampshire have granted money transmitter liscenses to Twitter Payments LLC, leaving 47 U.S. states yet to weigh in
US Representative Warren Davidson: ‘CBDC Corrupts Money Into a Tool for Coercion’
5.7.2023
Warren Davidson, U.S. representative and part of the House Committee on Financial Services, has disregarded issuing a central bank digital currency (CBDC) in the country. Davidson explained that CBDCs corrupt money into a “tool for coercion” and detailed that there was no legal way...
How Central Bankers Are Reshaping the Definition of Money
3.7.2023
Central bankers acknowledge that the nature of money evolves with technology, shifting definitions of money with it. But they’re not ready to let innovation occur organically as technology emerges. They want to maintain control, says Noelle Acheson
FTX Files Lawsuit Against Ex-Compliance Chief Friedberg Over Alleged 'Hush Money' Payments
29.6.2023
Defunct crypto exchange FTX’s lawyers are suing the company’s former compliance chief officer Daniel Friedberg for paying off insiders who threatened to reveal the exchange's illegal activities.
The lawsuit alleges that the former compliance chief served as a "fixer," paying "exorbitant hush...
Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US
29.6.2023
The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating $18 million in illegal drug transactions using...
Russia’s Supreme Court: Criminals’ Bitcoin-to-Fiat Trades Constitute Money Laundering
29.6.2023
Russia’s Supreme Court has ruled that criminals’ Bitcoin (BTC)-to-fiat trades can be considered money laundering.
Per a report from the Russian legal affairs-focused media outlet RAPSI, the Supreme Court made the judgement in a case involving a citizen who sold narcotics to crypto-paying drug...