Latest News
By Federal Newswire | Feb 8, 2024
Austin Campbell, founder and managing partner of Zero Knowledge Consulting, a firm specializing in data processing systems design, has offered his perspective on the ongoing debate about cryptocurrency and its potential use in financing terrorism. Campbell suggests that it is crucial for the government to clarify whether its objective is specifically to target funding for Hamas or to shut down all possible funding channels, a move which could potentially exacerbate the situation.
By Federal Newswire | Feb 8, 2024
Omid Malekan, an author and adjunct professor at Columbia Business School, has expressed concerns about the impact of U.S. regulatory agencies on both the cryptocurrency industry and the traditional financial sector. In a statement posted on X, Malekan singled out U.S. Sen. Elizabeth Warren (D-Mass.) for her role in the difficulties faced by U.S. banks with ties to the crypto industry.
By Federal Newswire | Jan 31, 2024
Brad Garlinghouse, the Chief Executive Officer of cryptocurrency exchange Ripple, has stated that crypto companies in the United States are eager to comply with regulations. However, he notes that the country is trailing behind others in implementing concrete guidelines for the industry. In contrast, he says that these companies are forced to seek regulatory clarity through legal battles.
By Federal Newswire | Jan 31, 2024
Visa has announced that it is enabling cryptocurrency withdrawals on debit cards in 145 countries, following a partnership with Transak, a provider of payment infrastructure for cryptocurrency assets.
By Federal Newswire | Jan 31, 2024
FTX, the former cryptocurrency exchange company, has opted to discontinue its attempts to revive its crypto exchange. Instead, the firm will liquidate its existing assets in a bid to refund customers.
By Federal Newswire | Jan 31, 2024
Binance, the world's leading cryptocurrency exchange, has outlined its collaboration with global law enforcement agencies to enhance the safety of the blockchain ecosystem. The company stated in a blog post that ensuring the security of crypto users is its primary concern.
By Federal Newswire | Jan 27, 2024
In 2023, the total value of stolen cryptocurrency funds witnessed a significant decrease of 54.3%, amounting to $1.7 billion. This is in stark contrast to the previous year when over $3.7 billion were pilfered through hacks and theft.
By Federal Newswire | Jan 27, 2024
Ark Invest has recently acquired 94,918 shares of its own Bitcoin Exchange-Traded Fund (ETF), a move that underscores CEO Cathie Wood's enduring optimism about the future growth potential of the cryptocurrency. Wood has asserted her belief that Bitcoin could escalate to a price exceeding $1.5 million by 2030.
By Federal Newswire | Jan 27, 2024
The United States Government has announced plans to auction off over $131 million worth of Bitcoin, previously seized in a money laundering and drug trafficking operation. The cryptocurrency was initially intended for federal forfeiture.
By Federal Newswire | Jan 27, 2024
Since the Securities and Exchange Commission (SEC) approved Bitcoin to be traded as an Exchange-Traded Product (ETP), the price of the cryptocurrency has experienced a 15% decrease. The approval for the listing of spot bitcoin exchange-traded product shares was granted on January 10th.
By Federal Newswire | Jan 27, 2024
In 2023, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission have accused Binance, a leading cryptocurrency exchange platform, of numerous violations and fraudulent schemes. The charges encompass inflating trading volumes, misappropriation of customer funds, and misleading investors about market controls.
By Federal Newswire | Jan 27, 2024
The Commodity Futures Trading Commission (CFTC) has accused digital asset trading platform Debiex of fraudulent practices and misappropriation linked to an online romance scam. The charges suggest that the digital asset company employed typical romance scam strategies to divert $2.3 million of customer funds initially designated for digital asset commodity trading.
By Federal Newswire | Jan 24, 2024
Dan Gambardello, the founder of Crypto Capital Venture, a recruiting firm for crypto startups, has critiqued the U.S. Securities and Exchange Commission (SEC) for its inconsistent arguments during court hearings against leading crypto exchanges Binance and Coinbase. The SEC sued both companies last year, alleging that they were operating as unregistered securities exchanges.
By Federal Newswire | Jan 24, 2024
Sam Lyman, Director of Public Policy at Riot Platforms, a Bitcoin mining company, recently expressed his views on the use of cryptocurrency for money laundering. In a Jan. 22 post on X, Lyman stated that while cartels have indeed utilized cryptocurrency for such purposes, traditional banks have been used to launder significantly larger amounts. His comments were in response to U.S. Sen. Elizabeth Warren's (D-Mass.) remarks during a recent Congressional hearing.
By Federal Newswire | Jan 23, 2024
On January 18, Chainalysis, a blockchain analysis firm based in New York, unveiled the introduction of its annual report that examines criminal activity within the cryptocurrency ecosystem. The "2024 Crypto Crime Report" revealed a significant drop in the value of cryptocurrency sent to illicit addresses in 2023 compared to the previous year.
By Federal Newswire | Jan 18, 2024
Noah Perlman, the Chief Compliance Officer at Binance, the world's largest cryptocurrency exchange, stated on Jan. 16 that he takes pride in the accomplishments of his team over the past year and anticipates continuing their efforts. One significant achievement Perlman noted during his tenure with Binance was reaching a settlement with the U.S. government.
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By Federal Newswire | Jan 15, 2024
U.S. Representative Warren Davidson (R-Ohio) has voiced concerns over policy proposals targeting the use of cryptocurrency in illicit activities. He argues that these proposals overlook the transparency provided by blockchain transactions and the fact that terrorist groups primarily rely on traditional financial systems for financing. Davidson attributes these proposals to now-debunked reports claiming that Hamas raised significant funds through cryptocurrency before its Oct. 7 attack.
By Federal Newswire | Jan 15, 2024
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce expressed her enthusiasm regarding the availability of spot bitcoin exchange-traded products (ETPs) for investors and market participants, following the SEC's approval for the listing and trading of multiple bitcoin ETPs.
By Federal Newswire | Jan 15, 2024
Ji Kim, the General Counsel and Head of Global Policy for the Crypto Council for Innovation, a global organization focused on promoting innovation in the digital asset industry, has stated that he, the Financial Stability Oversight Council (FSOC), and members of Congress concur that lawmakers should establish a regulatory framework for the digital asset industry, which would provide clarity for those involved in the industry. Kim made these comments during a House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion hearing titled "Regulatory Whiplash: Examining the Impact of FSOC’s Ever-changing Designation Framework on Innovation."
By Federal Newswire | Jan 12, 2024
Patrick McHenry, Chairman of the House Financial Services Committee (NC-10), and French Hill, Chairman of the Subcommittee on Digital Assets, Financial Technology and Inclusion (AR-02), have issued a statement lauding the U.S. Securities and Exchange Commission's (SEC) approval of a spot Bitcoin exchange-traded fund (ETF). This announcement arrives over a decade after the cryptocurrency industry first sought approval for Bitcoin ETFs.
