Financial regulators in Singapore are looking to implement robust crypto tracking as part of efforts to combat financial crimes. This move comes as authorities are set to introduce the country’s new Payment Services Act. MAS Wants to Combat Illegal Crypto Transactions According to a speech published by the Monetary Authority of Singapore (MAS), the financial regulator is keen to upscale its crypto surveillance capabilities. Delivering the keynote address at the International Compliance Association Annual APAC, Loo Siew Yee of the MAS revealed: MAS is experimenting with both in-house and external…
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Binance to Add Bitcoin Cash to Its Decentralized Exchange
Already widely available for trading across the world, bitcoin cash continues to expand into new markets and platforms. The latest venue where users can soon exchange the cryptocurrency is Binance’s decentralized exchange. The system will feature a token pegged to BCH issued on Binance Chain. Also Read: Binance Launches Peer-to-Peer Trading in China Binance DEX to List Bitcoin Cash Pegged Token The head of the world’s largest crypto exchange by volume, Changpeng Zhao, has proposed adding support for trading bitcoin cash on the decentralized exchange developed on top of Binance…
Read MoreChainalysis Helped US Department of Justice Shut Down Child Porn Site
On Wednesday, the US Department of Justice announced that it had shut down the largest child pornography website by content volume. It also arrested its owner and 337 site users across 38 countries. Bitcoin played a crucial role in the operation. Chainalysis Helps DOJ With Bitcoin Tracing Blockchain analysis firm Chainalysis said that it had helped the Department of Justice monitor Bitcoin transactions that eventually led to the site crackdown. Currently, investigators identified at least 23 children and saved them from their abusers. Don Fort, head of IRS-Criminal Investigations, emphasized…
Read MoreBrave Browser Hits 8 Million Monthly Users For Crypto Powered Browsing
The web browser platform Brave has reached a milestone in terms of users and privacy advertising campaigns. Powered by the BAT crypto-token, the innovative platform is growing fast and the altcoin is one of the few in the green today. Brave Breaking The Mold Web advertising is currently dominated by a couple of monopolies that have infiltrated almost every corner of the internet. Brave is breaking the mold by offering a safer and faster browsing experience while nurturing support for content creators through its attention-based crypto ecosystem of rewards. According…
Read More‘Why Are You Afraid?’ – Watch Roger Ver Debate Nouriel Roubini on Cryptocurrency
Starting a debate by calling nearly everyone in the room “economically illiterate” doesn’t usually end well for someone attempting to persuade an audience, but that’s just what American economist Nouriel Roubini did on Tuesday, in his debate with Bitcoin.com Executive Chairman Roger Ver. The 40-minute, high-energy volley of arguments and ad homs is as entertaining to watch as it is enlightening. Also Read: Street Artist Pascal Boyart Helps Venezuelan Creators Earn Crypto The Fate of Crypto The debate, which took place at London’s CC Forum, was an informal style back…
Read MoreMeet Be.cash: An Offline Bitcoin Cash Sending Tool
On October 13, software developer Tobias Ruck showed off a demo of an offline bitcoin cash (BCH) wallet tool called Be.cash. The concept provides individuals with the ability to send and sign a BCH transaction without internet service. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance Be.cash: A Tool for Sending and Signing Bitcoin Cash Offline Since the inception of cryptocurrencies, detractors have always said that not being able to send funds offline is a weakness. The fact is that most digital currency transactions are internet-dependent but…
Read MoreSurvey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies
A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky 17% of Polled Students Have Had Investments in Crypto China has a mixed attitude towards cryptocurrencies in general. On the one hand, the government in Beijing effectively…
Read MoreRare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here
The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the new crypto reality: for many, it’s no longer about Satoshi’s vision, but regulated, de-clawed digital assets for the obedient masses. Also Read: Telegram Awaits Court Hearing on SEC Case Against Its Token Sale Centralization of…
Read MoreICOs Are Dead But ICO Scammers Are Immortal
The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises they make, the soulless scammer is unencumbered by technical constraints, work ethic or any sense of decency. Also read: Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary How Do You Kill That Which Has No Life? Much like the humble cockroach, there…
Read More80% of Crypto Trade Volume Tracked by Blockchain Surveillance
Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility into 87% of the global trading volume.” Also read: Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives Chainalysis Now Tracks 21 Popular ERC20 Tokens Blockchain surveillance teams have been ramping up operations in order to appease…
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