Fed Chair: Cryptocurrencies Are ‘Great’ For Money Laundering
Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill.
Federal Reserve Chairman Jerome Powell criticized cryptocurrencies during a hearing on Capitol Hill.
All in all, there is a recovery in the crypto space and we can see that in the last day alone, the markets have gained more than $15 billion. In that time space alone, Ethereum (ETH) is up six percent and there is room for more not just from a fundamental point of view but […]
Altcoins are making a comeback and none stands out like Stellar Lumens gains. CoinBase’s announcement and Tempo’s integration might be behind this but what is clear is that price action now favors buyers. EOS and Litecoin are also recovering and looking to reverse May-June losses while Tron is now handing over their bug bounty program […]
Brazil’s Federal Police has recently arrested 12 individuals connected to a gang that allegedly used bitcoin to launder “millions of dollars” earned smuggling drugs into Europe, Asia, and Africa. According to local news outlet Folha de S.Paulo, the gang was busted in an operation dubbed “Antigoon,” in cooperation with the country’s Department of Federal Revenue. […]
KashMiner, a Bitcoin mining computer which was on display on Kodak’s official stand at the CES technology show in Las Vegas in January, turned out to be a misleading product with unachievable advertised profits. The product, which was never officially licensed by Kodak, will not go ahead, according to the company behind the scheme. BBC […]
South Korean exchange Bithumb has announced that it will open new offices in Japan and Thailand. According to local news outlet ZDNet, Bithumb is awaiting the approval of Japanese Financial Services Agency (FSA) and Thai Securities and Exchange Commission (SEC). Cryptocurrency Regulations in Japan & Thailand Bithumb explained that it chose Thailand because the e-commerce and fin-tech […]
The Commodity Futures Trading Commission (CFTC) has issued a warning on initial coin offerings (ICOs) and crypto-assets.
Bitmain, the world’s largest cryptocurrency company valued at $12 billion, and billionaire technology investor Peter Thiel have invested in Block.one, the development firm behind EOS. Jihan Wu, the co-founder and CEO of Bitmain, who is expecting to close a $12 billion initial public offering (IPO) this summer, said in an official statement that the EOS […]
As the cryptocurrency industry matures and public interest heightens, blockchain research and educational efforts have made their way into the halls of some of the world’s leading universities. Courses on cryptocurrency finance, blockchain development and related law are developing into serious avenues of study. They’re academia’s response to a formerly stigmatized space’s debut into mainstream […]
Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday.