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

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