Bitcoin news

24/7 news feed covering everything bitcoin-related

Platform for Crypto Payments to Bank Accounts Launching in the UK
Platform for Crypto Payments to Bank Accounts Launching in the UKAave Pay Supports 12 CryptocurrenciesAave Pay is an online platform that can be employed to pay with cryptocurrencies where regular bank transfers are accepted. Users will also be able to send money to family and friends as well as to pay utility bills.Businesses can take advantage of the service to pay employee salaries and income taxes. Other commercial or corporate expenses can be covered as well with digital coins converted and sent to fiat-based accounts.Aave Pay has been announced as both a web-based and a mobile application. While the online platform is live at the moment, there is little information on how to download, install and use the mobile app and its features.“This new application eliminates the obstacles of using crypto in our everyday lives,” said company CEO Stani Kulechov. He added that Aave Pay addresses the spendability problem associated with cryptocurrencies and “builds a bridge for crypto to.. more ►
Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize
Crypto Exchange Circle Partners With Financial Surveillance Provider Nice ActimizeGoldman Sachs-Backed Crypto Exchange Partners With Compliance and Surveillance UnitCircle believes there is a need for regulation in the crypto market ecosystem so the Goldman Sachs-backed firm has decided to partner with a compliance and surveillance entity called Nice Actimize. The financial crime, risk and compliance solutions manager Nice is one of the largest service providers to government regulators and financial institutions. Circle explains in its press release that the company selected the Nice Cloud Markets Surveillance (MS) solution in order to fight against market manipulation. The firm wants its $3 billion in monthly trading protected from fraudulent schemes like pump n’ dumps, insider trading, and layering.The Nice MS solution claims to give companies the ability to track and detect sophisticated forms of market manipulation, the firm details. According to the company, the tools.. more ►
Wirex Introduces Global Crypto Accounts for Businesses
Wirex Introduces Global Crypto Accounts for BusinessesEuropean Beta of Crypto Business Accounts For the duration of the desktop-only beta, the first round of invitation will be open only to business customers within the European Economic Area, a total of 30 European states, and Switzerland. Wirex told news.Bitcoin.com that it will roll out access to its business accounts in other regions, including APAC and North America, later this year.Multi-Currency Support and Vanity Account FeatureWirex’ new business account allows clients to hold up to six multi-currency fiat and crypto accounts within a single account. These currencies include two fiat currencies (USD and GBP) and, for the moment, four cryptocurrencies (BTC, ETH, LTC, and XRP). In future, four additional cryptocurrencies and 13 fiat remaining fiat currencies (EUR, HKD, JPY, SGD, AUD, CAD, NZD, CHF, CZK, HUF, MXN, PLN, and SEK) will be added.Users are able to register business accounts in the name of their company’s.. more ►
These Bitcoin Easter Eggs Are Hidden in Plain Sight
These Bitcoin Easter Eggs Are Hidden in Plain SightThe Storied History of Easter EggsEaster eggs, defined as a “message, trick, or unusual behavior hidden inside a computer program by its creator,” have a history that goes way back. Not as far back as the resurrection of Christ which spawned the celebration of Easter itself, admittedly, but to the late 1970s at least, which in software terms is pretty ancient. It was “Adventure,” a video game for the Atari 2600, that started the trend.Adventure’s original easter eggAdventure’s easter egg arose after Atari forbade its developers’ names from appearing on games lest they be lured away to competitors. To circumvent this ban, one of Adventure’s devs left a hidden message buried deep in the game. Accessing it called for carrying an object through a series of rooms before passing through a wall to access a hidden room where the words “Created by Warren Robinett” were displayed in continuously changing colors.It.. more ►
Warren Buffett Calls Bitcoin a Delusion – But an Ingenious One
Warren Buffett Calls Bitcoin a Delusion – But an Ingenious OneAn ‘Ingenious’ DelusionBerkshire Hathaway chairman and CEO Warren Buffett voiced his updated opinion about bitcoin in an interview with Cnbc’s Becky Quick on Monday. Emphasizing that his position on the cryptocurrency has not changed, he asserted:Bitcoin, it’s ingenious. And blockchain is important. But bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day, and no little bitcoins come out or anything like that. It’s a delusion, basically.The 88-year-old investor and businessman has repeatedly criticized cryptocurrencies over the last few years for having no value. Ahead of a Berkshire Hathaway annual shareholder meeting last year, he told Quick that bitcoin is “probably rat poison squared.” According to Cnbc’s archive, he also used words such as a “mirage,” “not a currency,” and “tulips” to describe the cryptocurrency at the time.Improved OutlookNoting.. more ►
Nasdaq's New BTC and ETH Indices Launch With Real-Time Price Data
Nasdaq\'s New BTC and ETH Indices Launch With Real-Time Price DataCrypto Indices to Capture Data From Multiple ExchangesAccording to Nasdaq, the BLX and ELX work by capturing data from multiple exchanges to provide a single price point for bitcoin core and ethereum which “helps traders get in and out of a given position.”Nasdaq and Brave New Coin (BNC) claim the methodology has been verified by independent auditors and against key International Organisation of Securities Commissions (IOSCO) principles. “The methodology adds to the transparency of pricing crypto assets, a concern that has prevented regulators in approving retail products,” said BNC in a statement.Announcing the cryptocurrency indices two weeks ago, Nasdaq stated:“The BLX is one of the most widely-referenced BTC indices among crypto traders and has been calculated back to 2010. Likewise, the ELX has been calculated back to 2014.”Nasdaq’s latest move is seen as crucial to introducing cryptocurrency.. more ►
‘Bitcoin to the Moon’ Signs Appear on Ukrainian Tram
‘Bitcoin to the Moon’ Signs Appear on Ukrainian TramPro-Bitcoin Signs on a TramcarIt’s unclear who is behind the initiative for the pro-Bitcoin signs on the tramway car. Photos published on Facebook show they have been installed in a new Vin Way tram.The 32-meter long rail vehicle, manufactured by the locally based Vinnytsia Transport Company, is a new model equipped with Wi-Fi connectivity among other extras.The pictures have been shared by Roman Petrov, options trader at the Chicago Mercantile Exchange, the crypto news outlet Let Know reported. The photos have been taken on Feb. 24, according to the publication.Not all news from Ukraine is positive, however. The appearance of the Bitcoin signs comes after last week city authorities in the Ukrainian capital dismantled the building housing the Bitcoin Embassy in the country’s capital city.The embassy was established in 2014 as a project with educational purposes. Kuna, one of Ukraine’s leading cryptocurrency exchanges,.. more ►
Indian Supreme Court Gives Government 4 Weeks to Produce Crypto Regulation
Indian Supreme Court Gives Government 4 Weeks to Produce Crypto RegulationGovernment Given a DeadlineThe Indian supreme court reportedly addressed the matter regarding cryptocurrency today, Feb. 25. According to Twitter account Crypto Kanoon, a platform for blockchain regulatory news and analysis, the court gave the government four weeks to come up with a clear regulatory framework for cryptocurrencies. After that time, the court will make a decision on the crypto banking ban by the country’s central bank, the Reserve Bank of India (RBI). Crypto Kanoon tweeted:Supreme Court has granted 4 weeks to Indian government as the final opportunity to bring about a policy (rules and regulations) on cryptocurrencies.The last time the supreme court addressed the crypto case was on Jan. 17 when it decided to hear the petitions against the RBI ban in the last week of this month. In its circular dated April 6 last year, the central bank banned financial institutions under its control.. more ►
In the Daily: Huobi AML Measures, New OTC Desk, Bank Card Deposits
In the Daily: Huobi AML Measures, New OTC Desk, Bank Card DepositsHuobi Korea Enhances AML ProceduresThe South Korean subsidiary of Singapore-based crypto exchange Huobiannounced it’s in the process of enhancing its anti-money laundering (AML) procedures. The platform detailed in a press release that it will also strengthen its protections against identity theft, voice phishing and other forms of abuse. David Oh, Huobi Korea’s chief communications officer commented:Though we’re relatively new in the Korean market, safety, security, and compliance have long been major priorities for Huobi as a whole. For that reason, this is a natural move for us and is an integral part of our plans for growth in the Korean market.The Korean branch of the fifth largest digital asset trading platform by daily volume revealed other recently implemented security measures. The exchange has strengthened deposit and withdrawal processes via improved monitoring of “abnormal transactions,”.. more ►
Venezuelan Explains How Bitcoin Saves His Family
Venezuelan Explains How Bitcoin Saves His FamilyBitcoin Not BolivarCarlos Hernández, a Venezuelan living in Ciudad Guayana, told his story in The New York Times on Saturday about how bitcoin is saving his family throughout the ongoing crisis in Venezuela. Citing the bolivar’s daily inflation rate of around 3.5 percent, he wrote:I don’t own bolívars, Venezuela’s official currency. I keep all of my money in bitcoin. Keeping it in bolívars would be financial suicide.He explained that he does not have a bank account abroad and “With Venezuela’s currency controls, there’s no easy way for me to use a conventional foreign currency like American dollars.”Hernández revealed that cryptocurrency has enabled him to cover his household expenses on his own, noting that his father, a government employee, earns $6 a month and his stay-at-home mom has no income.His brother also relies on cryptocurrency. Juan, a 28-year-old lawyer, became a freelancer because “in times of.. more ►
Pantera Predicts Institutions to Invest in Crypto After Next Bull Trend is Established
Pantera Predicts Institutions to Invest in Crypto After Next Bull Trend is EstablishedPantera CEO Finds Current Bear Market Less Worrisome Than 2014 – 2015 DowntrendWith regards to how the current downtrend differs from the previous bear market, Morehead stated: “the underlying fundamentals are much stronger than they were during the 2014-15 winter,” noting that “in the previous [winter] I had more […] worry in the pit of my stomach whether blockchain was really going to work,” in addition to concerns pertaining to potential “regulatory risks.”Morehead also cited impending institutional investment a key defining characteristic of the current bear market, stating that “People have been talking for years about the impending institutional wave of money coming into the markets … I think we now actually have the required conditions for that to happen.”Pantera Anticipates Institutional Investors Will Enter Once Bull Cycle Has Already Kicked OffThe Pantera CEO.. more ►
Markets Update: Leading Cryptocurrencies Briefly Break Local Resistance
Markets Update: Leading Cryptocurrencies Briefly Break Local ResistanceBTC Fails to Establish Support at $4,000BTC briefly rallied above $4,000 today after gaining more than 4% in one hour. The rally saw BTC test $4,200 for the first time since Dec. 2018, before crashing 9% in less than 60 minutes as bulls failed to establish support at $4,000. Bitcoin core is currently trading for roughly $3,800.BTC/USD – Bitstamp – 1HRBTC currently has a market cap of $67.32 million and a dominance of 52.1%.BCH Briefly Trades Above $150BCH produced a more steady rally today, gaining 11% in 12 hours to trade above $150 for the first time in approximately seven weeks. After support failed to hold at $150, BCH shed 15% in less than one hour. Bitcoin cash is currently trading for roughly $130.BCH/USD – Kraken – 1HRWhen measured against BTC, BCH gained 5% in two hours to establish resistance at 0.0375 BTC, before falling 7% in one hour. BCH is currently trading for approximately 0.0345 BTC.BCH/BTC.. more ►
German Derivatives Exchange Rumored to Be Launching Crypto Futures
German Derivatives Exchange Rumored to Be Launching Crypto FuturesEurex Expected to Launch Crypto Futures ContractsDeutsche Börse-operated Eurex has reportedly become the latest major financial institution to be on the cusp of launching crypto asset derivative products.Citing “several people familiar with” the company’s plans, media has reported that the exchange has been meeting with market makers regarding the cryptocurrency futures, with Eurex planning to launch contracts for BTC, ETH, and XRP.The exchange is believed to have been considering introducing cryptocurrency futures since 2018, with a spokesperson for Deutsche Börse stating: “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for falling prices of the cyber currency” in an interview during Dec. 2017.Deutsche Börse Expands Crypto Asset EndeavorsThe rumored Eurex futures contracts come almost six months.. more ►
In the Daily: BCH on C2C Market, Binance in Indonesia, 400,000 Planned Mining Rigs
In the Daily: BCH on C2C Market, Binance in Indonesia, 400,000 Planned Mining RigsBitcoin Cash (BCH) Added on C2C MarketOkex, the Malta-based digital asset exchange, has announced the listing of ripple (XRP) and bitcoin cash (BCH) on its C2C market (also known as the fiat-to-cryptocurrency platform). Users can now buy or sell the two newly listed cryptos with five supported fiat currencies – British pound (GBP), Chinese renminbi (CNY), Vietnamese dong (VND), Russian ruble (RUB) and Thai baht (THB).At the same time, the exchange also announced that QTUM, NEO, and XUC will be delisted from the C2C trading platform from Feb. 25. Users can still trade bitcoin core (BTC), tether (USDT), ethereum (ETH), and litecoin (LTC) with the supported fiat currencies. With the C2C (customer-to-customer) trading model, users can place orders with self-selected exchange rate and payment methods to buy or sell assets from other users with fiat currencies.Binance Academy Expands in.. more ►
Kenyan Crypto Adoption and Trading Grows Despite Warnings from Regulators
Kenyan Crypto Adoption and Trading Grows Despite Warnings from RegulatorsKenyan Crypto Trade Volumes Show Increased Demand for Digital AssetsThe government in Kenya and the financial regulators have been leery toward regulating bitcoin and other digital currencies. The central bank mulled over regulatory guidelines in the summer of 2018, while last month Kenya’s Capital Markets Authority (CMA) warned the public about trading digital currencies because of an initial coin offering (ICO) called kenicoin. The project allegedly sold 10 million tokens and promised 10 percent monthly returns after the initial purchase. However, even though Kenya’s financial watchdogs are cautioning against investing and trading cryptocurrencies, they have been powerless to stop the steady trend of cryptocurrency acceptance and rising trade volumes within the country.KES volumes on Paxful have increased a great deal.Kenyans have a wide variety of exchange avenues to choose from if they want to.. more ►
US ETF Ruling to Inform South Korean Cryptocurrency Market
US ETF Ruling to Inform South Korean Cryptocurrency MarketExchange Awaits US Ruling to Develop ETF PolicyA report published by The Korea Herald has asserted that officials at a South Korean exchange are waiting for United States lawmakers to establish a precedent regarding cryptocurrency ETFs. The report quotes an anonymous source claiming to work as an official at South Korea’s main bourse operator, Korea Exchange.The source asserted that “The US has been the front-runner on the cryptocurrency market and related derivatives,” noting that despite “strong voices supporting the launch of bitcoin ETFs within the market,” they are “observing the progress and response of the U.S. Securities and Exchange Commission’s decision on bitcoin ETFs.”The source also stated that the launch of cryptocurrency ETFs would require “a solid index, adding that the prospective index is “being discussed expansively at [The Korea Exchange] because it would eventually concern.. more ►
Digital Currency Donors and Crypto-Backed Endowments Fuel Higher Learning
Digital Currency Donors and Crypto-Backed Endowments Fuel Higher LearningUniversities See an Increasing Trend of Cryptocurrency DonorsOne growing trend has been the way in which the digital currency ecosystem is fueling education through cryptocurrency donations and backers. For instance, during the first week of January 2019, entrepreneur Mike Novogratz donatedsome of his cryptocurrency profits to Princeton’s Bridge Year Program. The initiative allows students to get sponsored by schools so they can live and study abroad for nine months in areas like China, Bolivia, Senegal, Indonesia, and India. The CEO of Galaxy Digital is a member of Princeton’s class of 1987 who earned a degree in economics.“Proud to put some of our crypto winnings (2017) to a good cause. A year living in a different culture can change your life for the better. Build bridges, not walls,” Novogratz told his 114,000 followers on Twitter.Cryptocurrency projects and colleges across the globe.. more ►
State Treasurer: Ohio Companies Now Paying Tax in BTC
State Treasurer: Ohio Companies Now Paying Tax in BTCState to Review BTC Tax PaymentsSpeaking at a forum organised by the Ohio State Associated Press on Feb. 19, Republican politician Robert Sprague said: “We’re reviewing how [the program] might be either curtailed or might be expanded, and what our counter-party risk is with that vendor.”Ohio became the first U.S. state to accept cryptocurrency as a means of payment for taxes late last year. Sprague told journalists about his experiences with the BTC payment option on the state platform ohiocrypto.com, established in December by Josh Mandel whom he succeeded in January.According to the new treasurer, Ohio doesn’t actually receive or hold bitcoin, but Bitpay, the company hired by the state to process the bitcoin payments, converts the virtual currency into fiat money before it is sent to the Ohio treasury.Bitpay takes 1 percent commission on the transaction as payment. Companies intending to pay taxes in crypto will.. more ►
BTC-e Operator Alexander Vinnik Terminates His Hunger Strike
BTC-e Operator Alexander Vinnik Terminates His Hunger StrikeRussia’s Ombudsman Visits Vinnik in HospitalThe Russian-born IT specialist took the decision to temporarily stop the hunger strike after meeting with Russia’s ombudsman Tatyana Moskalkova. She visited him on Thursday in a Greek hospital, where he is placed under doctors’ care, and later shared the news with journalists.Moskalkova told Russian media that Vinnik looks absolutely exhausted by the hunger strike and requires professional medical care. “From the last conclusion of the doctors in February, it is quite clear that he needs emergency help, otherwise he may die,” she warned.Alexander Vinnik and Russia’s High Commissioner for Human Rights Tatyana MoskalkovaAlexander Vinnik has been in detention since July 2017 when he was arrested in Thessaloniki on a U.S. warrant. Prosecutors in the United States believe he is one of the owners of BTC-e and accuse him of laundering between $4 billion and $9 billion through.. more ►
In the Daily: Quadrigacx Transfer, Tokenized Bonds, Beam Investment, Rakuten Pay
In the Daily: Quadrigacx Transfer, Tokenized Bonds, Beam Investment, Rakuten PayQuadrigacx Sends Cryptocurrency to Ernst & YoungTroubled crypto exchange Quadrigacx has transferred its cryptocurrency holdings to the court appointed monitor Ernst & Young. According to the second report issued by EY, which is dated Feb. 20, the digital assets will be held in cold storage pending further order of the court. The transfer has been authorized by the judiciary.Quadrigacx, which is operated by the Vancouver-based company Quadriga Fintech Solutions Corp., was shut down at the end of January. The platform lost access to as much as $190 million of cryptocurrency held in offline cold wallets after the death of its CEO, 30-year-old Gerald Cotten, in December.Ernst & Young notes that on Feb. 6, the day after the initial order was granted, Quadrigacx inadvertently transferred a certain amount of cryptocurrency into cold wallets that its team was then unable to access. According.. more ►
Company Evades SEC Penalty Despite Illegally Issuing Security Tokens
Company Evades SEC Penalty Despite Illegally Issuing Security TokensNo PenaltyThe SEC announced on Wednesday that it did not impose a penalty on Gladius Network Llc even though the company has been charged with conducting an unregistered initial coin offering (ICO). The agency wrote in its order:The Commission is not imposing a penalty because of the significant steps Gladius took to remediate the violation.The order details that Gladius conducted the ICO in late 2017 after the SEC warned about security token offerings in its DAO report. The Washington D.C.-based company raised approximately $12.7 million worth of ether “to finance its plan to develop a network for renting spare computer bandwidth to defend against cyberattacks and enhance delivery speed,” the agency explained. The ICO was neither registered with the SEC nor qualified for an exemption.Self-ReportingGladius, a Nevada Llc, “self-reported to the SEC’s enforcement staff in the summer of 2018, expressed an interest.. more ►
Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors
Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional InvestorsInvestors to Gain Access to Multiple Cryptocurrency MarketsAccording to a statement released by the bank on Feb. 20, DLT Markets will provide its customers with the infrastructural access to buy and sell digital assets from several exchanges. The company has said this “allows investors to trade and manage digital tokens in a regulated environment, as they are used to from the traditional securities business.”The unit will also administer order data and perform risk and position management processes as part of efforts to book assets and payments securely, it said. At the same time, Bank Frick will provide custodial services to institutional investors trading cryptocurrency, who will have to comply with full know-your-customer and anti-money laundering requirements.Roger WurzelRoger Wurzel, chief executive officer of DLT Markets, who has experience trading equities and derivatives at.. more ►
University of Michigan Endowment Backs Crypto Venture Capital Fund
University of Michigan Endowment Backs Crypto Venture Capital FundUniversity of Michigan Endowment Backs Crypto VCThe University of Michigan’s financial endowment fund is a collection of thousands of individual endowments managed like a large mutual fund whose value reached $11.9 billion as of October 2018. Its proceeds pay for scholarships, professorships, and other university programs.According to an item for information document from the Feb. 21 Board of Regents meeting, the university’s endowment is set to further increase its investment in a crypto venture fund. The university already committed $3 million to the crypto network fund in June 2018.Andreessen Horowitz’s Cryptonetwork FundThe crypto network fund, CNK Fund I, L.P., is managed by Andreessen Horowitz, the Menlo Park headquartered venture capital firm also known as a16z. According to the document, it was created to invest in crypto technology companies across the spectrum of seed, venture, and growth.. more ►
How Crypto Compliance Requests Strip User Privacy
How Crypto Compliance Requests Strip User PrivacyThe High Cost of ComplianceMoney transmitting services, especially those that facilitate switching between crypto and fiat, are obliged to comply with strict anti-money laundering laws (AML) that include enforcing KYC and reporting suspicious transactions. Many cryptocurrency users loathe these acronyms, but accept them as a necessary evil to be able to switch between the fiat and crypto worlds at will.But as users of services such as Revolut and Wirex are discovering, the probing questions don’t always end upon sign-up. Should the customer trigger an origin of funds and wealth investigation, they will be obliged to lay bare deeply personal information pertaining to their financial and employment history or risk having their account suspended. Wirex’s own origin of funds document explains in no uncertain terms:Wirex Ltd (Wirex) is required by law to comply with strict anti-money laundering regulations (AML) and.. more ►
'Bitcoin Killer' Onecoin Is Ashes But Investigations Continue to This Day
\'Bitcoin Killer\' Onecoin Is Ashes But Investigations Continue to This DayThe Fall of Onecoin and the $4B Global Pyramid SchemeIn 2019, many Onecoin affiliates are being charged with crimes by law enforcement agencies from multiple nation states after the Ponzi scheme crumbled to pieces. On Feb. 17, Florida-based attorney Mark Scott was arrested for being a suspect in the $4 billion dollar pyramid operation. Allegedly Scott laundered $400 million that was tied to the Onelife association and operations. U.S.-based federal investigators say that Scott moved the money through hedge funds set up in the Cayman Islands and then sent a great portion of the funds to elite Onecoin members. Last August, Scott was indicted by a federal grand jury on money laundering charges stemming from Onecoin and on the same day a warrant was also issued for his arrest.Since 2014, Onecoin proponents have claimed the Ponzi scheme was a real cryptocurrency with a blockchain and it would be considered.. more ►
CME Group's Bitcoin Futures See a Surge of Institutional Interest
CME Group\'s Bitcoin Futures See a Surge of Institutional InterestBitcoin Futures Volumes Spike in 2019Cryptocurrency derivatives kicked into high gear in 2017 when two of the largest FX exchanges in the world, Cboe and CME Group, launched their bitcoin futures products. Initially, interest in these markets was high, but a few months later crypto derivatives volumes on these exchanges started to wane. Then in the summer of 2018, futures contracts from the two regulated exchanges began to rise again and interest in these products started to increase significantly. Last December, futures volumes were lower and spectators saw some signs of backwardation which means the derivatives predictions on the price of BTC are significantly lower than the prices on global spot exchanges. However, there was a shift in 2019 as prices returned to normalcy between both futures and spot values and volumes increased in January.“Futures products from traditionally regulated.. more ►
Cryptocurrency Exchange Exmo Opens Branch in Turkey
Cryptocurrency Exchange Exmo Opens Branch in TurkeyTraders Offered Pairs With the Turkish LiraThe decision to establish the branch is part of Exmo’s launch in Turkey and indicates the growing significance of the Turkish crypto market in the region. The cryptocurrency exchange already has offices in the Russian Federation, Ukraine, Spain and the United Kingdom.The move comes after Exmo presented a Turkish language version of its website and introduced support for the Turkish lira (TRY). Trading pairs between the local fiat currency and major digital coins such as bitcoin core (BTC), ethereum (ETH), ripple (XRP), and stellar (XLM) are now available.In an announcement published on its website and social media, the exchange noted that it’s currently finalizing formal procedures to open an account in a Turkish bank. That means a bank transfer payment option will be available to users in the near future.Commenting on the new developments during the Blockchain Economy Istanbul Summit,.. more ►
Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries
Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 CountriesUBS Convicted in FranceOn Wednesday, Reuters reported that a “French court finds UBS criminally responsible of money laundering.” The Associated Press elaborated:The Paris court convicted Zurich-based UBS AG on Wednesday of aggravated money laundering of the proceeds of tax fraud and illegal bank soliciting, issuing what French media called a record fine.The French prosecutors allege that the bank sent its bankers to sporting events and concerts to solicit clients and then laundered the proceeds. “The assets illegally concealed by French clients in Switzerland in 2004-2012 allegedly amounted to some 10 billion euros ($10.75 billion),” the news outlet wrote.The publication added that the court “ordered exceptional criminal fines of 3.7 billion euros ($4.2 billion) for UBS’ Swiss head office and 15 million euros ($17 million) for its French subsidiary and civil damages of 800 million euros.. more ►
Another 'Satoshi' Steps Out of the Woodwork, Calls Craig Wright a Liar
Another \'Satoshi\' Steps Out of the Woodwork, Calls Craig Wright a LiarSo Many Satoshis With Zero ProofIt is difficult to figure out why someone would claim to be Satoshi without having the smoking gun that proves they are the creator of Bitcoin. Nevertheless, there’s been a number of self-professed Satoshis, but all of them have yet to convince the greater community. Craig Wright is probably the most famous of them all but news.Bitcoin.com has reported on various individualswho wholeheartedly believe they were involved with the creation of Bitcoin.Recently, the notorious Wright has been writing memoirs about his experience in the early days when he allegedly invented the protocol. One specific post called “Careful what you wish for…” is one of the most telling tales he’s written in a while and the post caught a lot of flak from the community. Most of the antagonism towards it was because Wright stated he was Satoshi but also declared he does not have to prove.. more ►