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The suicide of a 20-year-old Robinhood trader should be a wake-up call for cryptocurrency exchanges that put revenue above customer protection, said a U.S. exec at one of the worldâs largest such venues. Many exchanges were designed to encourage users to trade as frequently as possible, often with money they donât have, and resembled casinos more than responsible trading platforms,...
Economists with the New York Federal Reserve do not think bitcoin is a new kind of money. Bitcoin, the decentralized, permissionless, trustless digital value system that an anonymous programmer created over a decade ago is âjust another example of fiat money,â said Michael Lee and Antoine Martin in a Thursday blog post. âBitcoin may be money, but it is not...
President Donald Trump ordered Treasury Secretary Steve Mnuchin to focus on a clampdown on bitcoin over negotiating a trade with China, former national security adviser John Bolton reportedly claims. In a terse exchange about imposing sanctions and tariffs with China, Trump reportedly told Mnuchin: âDonât be a trade negotiator,â ordering him instead to: âGo after bitcoin [for fraud].â âIf you...
Deloitte: 39% of Companies Worldwide Now Have Blockchain in Production A survey by Deloitte shows blockchain is increasingly becoming a priority among companies with a broad understanding of it. Find a full eport by the link below
Bitcoin proved itself a resilient asset, if not a stable or useful currency, during Marchâs global financial meltdown, according to analysts at one of the worldâs largest investment banks. In a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairly uncorrelated asset to one whose...
We are launching a new service for our community Online Alert. You will know which projects have stopped working on the site. For projects that are looking for funding right now, for those who have raised funds and those who are trading on exchanges. We consider this important information for our users to know that the project they are interested...
The first Libra white paper published in June 2019 had the temerity to threaten the monetary authority of central banks and governments. The empire struck back. Thatâs why an updated white paper from April 2020 has taken a belt and braces approach to regulatory compliance, said Dante Disparte, head of policy and communications at the Libra Association. The new technical...
The New York State Department of Financial Services (NYDFS) and its French regulatory counterpart will work to âease the entryâ for fintech innovators into their respective markets. An agreement with the French Autorite de Controle Prudentiel et de Resolution (ACPR), signed Wednesday, seeks to further develop New York and France as âinnovation hubs for financial services technology,â according to a...
Europol, the European Unionâs law enforcement agency, has its eyes on the popular bitcoin privacy tool Wasabi Wallet, documents verified by CoinDesk show. Marked for âlaw enforcement only,â a two-part report by Europolâs European Cybercrime Centre (EC3) analyzed the privacy toolâs impact on using the Bitcoin blockchain to investigate crimes. âThings are not looking goodâ for law enforcement thanks to...
The head of Venezuelaâs cryptocurrency initiative, the petro, is wanted by the U.S government on charges of corruption and links to the narcotics trade. Immigration and Customs Enforcement (ICE) added Joselit Ramirez Camacho to its Most Wanted List on Monday, accusing him of a number of violations related to international commerce and his alleged involvement in the international drug trafficking...
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