Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. Also read: US to Strictly Enforce Crypto Rules Continue Reading
ETC Labs Core Rebrands to ETC Core to Clarify Difference With ETC Labs
ETC Labs Core has now been rebranded to ETC Core to help the company differentiate itself from ETC Labs. Blockchain developers organization Ethereum Classic (ETC) Labs Core (ETC Labs Core) has rebranded to ETC Core. In a Dec. 15 blog post, ETC Core technology coordinator Stevan Lohja announced that ETC Continue Reading
Int’l Regulator Basel Committee Calls for Prudent Rules for Crypto
Global banking regulator the Basel Committee on Banking Supervision calls for a conservative framework for crypto assets. Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United States, Europe and Continue Reading
Former Binance Head of Trading Joins CoinFlex As Chief Strategy Officer
Former head of trading at major cryptocurrency exchange Binance has joined rival crypto exchange CoinFlex as chief strategy officer. Leslie Tam, former head of trading at major cryptocurrency exchange Binance, has joined cryptocurrency derivatives exchange CoinFlex as its new chief strategy officer. On Dec. 16, the Block reported that former Continue Reading
Mystery Surrounds DDoS Attacks That Have Downed the Darknet
If you’ve been struggling to access your favorite darknet market lately, you’re not alone. Ongoing DDoS attacks have rendered marketplaces, forums and other onion sites inaccessible for weeks. Speculation surrounds the attacks, with some blaming law enforcement and others attributing a DDoS war between rival markets. Also read: The Darknet Continue Reading
TikTok Has 1st Viral Bitcoin Video as Owner Launches DLT Venture
Short-video sharing app TikTok recorded the first viral Bitcoin video after the firm’s owner reportedly launched a blockchain venture. Short-video sharing app TikTok has recorded its first viral Bitcoin (BTC)-related video as the firm’s owner reportedly launched a blockchain venture. Posted by TikTok personality The Wolf of Bitcoins, the video Continue Reading
Is Crypto Exchange ErisX Planning Launch of Futures Trading Tomorrow?
Chicago-based crypto exchange ErisX has notified its members and participants that it will start trading futures tomorrow in a strange notice. Chicago-based crypto exchange ErisX has notified its members and participants that it will start trading futures digital currency products in a strangely low-key announcement. On Dec. 16, ErisX reached Continue Reading
Bitcoin Price Drops Under $7K, But Longs Soar After $6.8K Bounce
Bitcoin price again drops below $7K bouncing off $6,800 support while the number of longs on Bitfinex has interestingly increased to the hope of the bulls. Bitcoin (BTC) price dropped below the $7,040 support, which kicked off a swift 3% decline to $6,800 on Dec. 16. The sharp pullback is Continue Reading
Poles Hit With Backdated Tax on Crypto Trades
Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish tax administration recently clarified. The matter Continue Reading
Christmas Bonus?: Maduro’s Gov’t Promises 8M Venezuelans Half a Petro Each
Maduro’s government promises half a Petro each to more than 8 million Venezuelans as part of a Christmas bonus. Venezuelan President Nicolás Maduro announced that this week the government will pay half a Petro to Venezuelan retirees and public workers as Christmas bonus. With a total of 4,500,000 retirees and Continue Reading
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish