Nassim Taleb, the author of “Black Swan,” has criticized Monero, a privacy coin that has been touted as untraceable, claiming that it can be traced due to the coin’s lead developer being an informant for Interpol. Taleb was previously informed that Monero could not be traced, but he now believes this is untrue. Cyber protection…
There is a history of conflict and strain in the interaction between cryptocurrencies and financial institutions. Meanwhile, Signature Bank was first closed down by the New York State Department of Financial Services (NYFDS) as a precaution to safeguard account holders and guarantee they would get their money. Flagstar Bank, a banking institution established in Michigan,…
Hackers Took Over Cryptocurrency ATMs Overtveldt Advocates for a Tight Prohibition on Cryptocurrency Hackers Took Over Cryptocurrency ATMs General Bytes, the world’s leading maker of bitcoin automated teller machines (ATMs), reported a significant security breach on March 17th. As a result, 9,505 ATMs have been created by the firm, many of which are found in…
Crypto Fraudster Sent To Jail for Serving 3 Years Maximum As per the Department of Justice of the US (DOJ), a man accused of defrauding crypto investors was brought before the trial. The trial of the accused was held at a District Court of the US and concluded the trial by announcing a final verdict….
For a long time, cryptocurrencies were used by corrupt and foul politicians to carry out money laundering. This is the reason why the reputation of cryptocurrencies has plummeted so much in recent years. Then come the stablecoins that have also caught the attention of the regulators for being used as a way to circumvent sanctions….
The trading performance of Bitcoin (BTC) has been quite volatile in recent hours. The data shows that the asset has become very volatile and its volatility was different in the past 24-hours. Due to the strong volatility, the trading price of Bitcoin ended up getting pushed to a higher level. It was a significant jump…
According to a new study, there has been a 42% increase in lawsuits related to cryptocurrencies in 2022. Last year saw the highest number of claims recorded in one year, with 41 claims made in the United States. Research further indicated that the majority of the cases were initiated by the Securities and Exchange Commission…
Bitstamp has announced that it is expanding its operational jurisdiction to another major country. As per the officials at the Bitstamp exchange, they have acquired an operational license in a European country. Bitstamp Enters French Market As per the officials at the Bitstamp exchange, they have acquired an operational license for France. This way, the…
As cryptocurrencies gain traction across the world, governments are trying to keep up with the growing adoption of digital assets. India has a large population of crypto investors and users. Not to mention, there are even a few retailers that accept payments in cryptocurrency. However, the finance minister, Nirmala Sitharaman, is concerned that there is…
A new court filing shows that liquidators overseeing the bankruptcy proceedings of crypto hedge funds Three Arrows Capital (3AC) have requested the judge to compel the company’s co-founder to cooperate. According to the liquidators, Kyle Davies has information in his possession that he continues to withhold and they said that the information is necessary for…
On Monday, officials disclosed that Britain is moving forward with work on a potential digital pound, which could come into use in the second half of this decade. This would also help in preventing the electronic cash system from becoming fragmented, as it has already become dominated by banking and tech giants. CBDC The finance…
An increasing chorus of regulators is demanding the appointment of an independent examiner to assess the financial statements, or their absence, in the bankruptcy proceedings of the FTX crypto exchange. Writing on behalf of Ken Paxton, the Texas Attorney General, lawyer Roma Desai said that Texas, like other federal and state regulators, was currently conducting…
