Search Results for: crypto

crypto

Crypto traders and analysts see fresh administration as US election settles

While the results of the US presidential election continue to be questioned by some in the community, mainstream media outlets and the Associated Press have definitely called the race for former Vice President and current President-elect Joe Biden a race. But traders and analysts are now looking to determine what a Biden administration will mean […]

Last year, Belgian investors lost $12 M to crypto and forex scams

Belgium’s financial watchdog has reported that scammers stole up to $12 million using fraudulent ads from investors in the country. The watchdog estimated in an Oct. 5 warning from the Financial Services and Markets Authority (FSMA) that investors in Belgium had lost at least 10 million euros to fraudulent platforms, including those dealing with cryptocurrencies, […]

bitcoin

Global Regulation Will Help Crypto Go Mainstream – Former Regulator

According to Nathan Catania, a partner at Gibraltar-based XReg Consulting. A group of former regulators and insurance professionals specialising in the regulation of crypto assets. More quality regulation, such as Gibraltar ‘s updated guidance on crypto companies. Is beneficial for those companies, end users, and the entire crypto space, leading to increased adoption. In some […]

South Korean

South Korean MP Calls on Seoul to ‘Urgently’ Boost Crypto Innovation

A politician called on South Korea to “urgently” prioritise the development of crypto security technology. Stating that for the country, and the rest of the world, blockchain-powered finance is now an inevitable reality. At a Blockchain National Government Project event, sponsored by the Legislative Policy Research Group of the Parliament. And jointly hosted by Lee […]

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Samsung adds Anti-money Laundering Features to its Crypto Wallet

A cryptoasset anti-money laundering (AML) solution has been integrated by major smartphone manufacturer Samsung to help boost the security of its Blockchain Wallet, a feature of its latest flagship handsets. The company has signed a “Blockchain Service AML Integration Agreement” with Samsung via a blog post from the South Korean, Singapore-based software company Uppsala Security […]

The most money laundering-friendly crypto exchanges in Europe

CipherTrace, a developer of anti-money laundering, cryptocurrency forensics, and blockchain threat intelligence solutions, claims that Europe has the highest number of virtual asset service providers (VASPs) with deficient KYC procedures, followed by the strongest Asia-Pacific (APAC) region, and North America. Their 2020 Geographic Risk Report argued that “effective Know-Your-Customer (KYC) protocols are an essential component […]

crypto

Most Crypto Exchanges Are Vulnerable To Design, says Bybit CEO

After hackers breached KuCoin, Crypto exchange security is once again in the news. But this shouldn’t surprise people, according to Bybit CEO Ben Zhou, as exchanges are vulnerable by design. Zhou told that, as a single point of failure, exchanges act. Exchanges are vulnerable, as a centralised web application, to the same security problems as […]