20% of Binance’s new hires this year will be in compliance, says CEO
The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments.
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A new report from Mexico says banks are used to launder money more than crypto
The traditional banking sector is lagging behind in the race with crypto. Mexico’s Financial Intelligence Unit recently published the results of its second National Risk Assessment. The report highlighted that the risk of money laundering in the banking sector far surpasses the issues encountered by fintech companies.According to El Economista, the so-called “G7 banking” group…
MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase
With the price of Bitcoin moving above $40,000 for the first time in weeks, the company could soon hold more than 100,000 BTC. 1765 Total views 8 Total shares Business intelligence company MicroStrategy has completed its $500 million offering of secured notes, and said it plans to use the proceeds to purchase Bitcoin.In a Monday…
YouTube Reportedly Runs Malicious Ad for Bitcoin Wallet Electrum by Accident
Video-sharing platform YouTube purportedly ran a malicious advertisement for Bitcoin (BTC) wallet Electrum by mistake, according to a Reddit post published on March 26.Viewers interested in the advertisement were redirected to a malicious link using a common scamming method called typosquatting or URL hijacking. In the Reddit post, a user named mrsxeplatypus warned the public…
Here’s why holding $20.8K will be critical in this week’s $1B Bitcoin options expiry
Bitcoin (BTC) experienced a 16.5% correction between Aug. 15 and Aug. 19 as it tested the $20,800 support. While the drop is startling, in reality a $4,050 price difference is relatively insignificant, especially when one accounts for Bitcoin's 72% annualized volatility.Currently, the S&P 500’s volatility stands at 31%, which is significantly lower, yet the index…
Prosecutor Says Crypto Scammers Should Stay in Jail Despite COVID-19 Concerns
New Jersey federal prosecutor Craig Carpenito is fighting the request of two alleged crypto scammers to be released from a county jail amid the coronavirus pandemic.According to court documents filed with the United States Department of Justice on March 24, Carpenito asserted that the recently enacted Bail Reform only preferences pretrial release of a defendant…
Bitcoin crashes below $53K wiping out $600M in leveraged longs
A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply.
Coinbase comes back online following issues
Coinbase users were reporting issues with certain purchases, though normal function has now seemingly returned. 1874 Total views 6 Total shares Coinbase users recently reported suffering difficulties on the platform. Coinbase and its trading platform, Coinbase Pro, have a history of experiencing outages and other issues during high-traffic times. Although users reported problems early this morning,…
Company Behind Zcash Reports Losses in Q1 2019
Electric Coin Company (ECC), the firm behind privacy-centric cryptocurrency Zcash (ZEC), reported financial losses in Q1 2019.According to the Q3 2019 report published on Aug. 29, the firm operated at an average monthly deficit of $186,000 during the first quarter of the year.Operating at a lossThe company reportedly was receiving 6,157 ZEC per month and…