Ex-Digitex Futures Exchange CEO pleads guilty to violating Bank Secrecy Act

New research indicates that in countries where central bank digital currencies have been adopted or are under consideration, well-being is low.

The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness. 2688 Total views 16 Total shares Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education.Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of…

The FDIC warns that uncertainty around crypto's legal status, the likelihood of fraud and contagion present key risks to United States banks. 153 Total views 2 Total shares Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator. For the first…

A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating a fraudulent Ponzi scheme, according to an official announcement published Oct. 18.GBI is a New York-based corporation and denominated Bitcoin (BTC) hedge fund incorporated in 2014. As stated on…

BTC price downside fails to disrupt a resurgent Bitcoin mood on a day of US GDP data, unemployment figures and Federal Reserve speeches.

Users of cryptocurrency wallets Electrum and MyEtherWallet are currently facing phishing attacks, according to posts published on Reddit and Twitter on Feb. 4.A phishing attack is an attempt to obtain sensitive data like users’ personal or banking information by illicit means, wherein an attacker is disguised as a trusted entity and sends a user a…

New York regulator that issues BitLicences adds a Silk Road investigator to its legal counsel. 2548 Total views 42 Total shares April 28, New York State Department of Financial Services (NYSDFS) announced that it is adding a former Silk Road investigator as general counsel.The Department regulates financial services and products, which include cryptocurrency-related businesses. It…

The Crypto Biz newsletter is delivered weekly to your inbox. Join the mailing list to stay up to date on the week's biggest business stories. 366 Total views 12 Total shares Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding…