Industry execs seek positions on Trump’s crypto advisory council

Fraud impacts organizations of all types and sizes across a wide range of industries and geographies. Consequences can be direct, through financial losses, or indirect, through fines and reputational fallout. In 2018, firms worldwide lost more than $7 billion to internal fraud schemes, according to a “2018 Report to Nations,” by the Association of Certified…

The Trump administration is currently exploring proposals for major tax, cryptocurrency and administrative reform in the United States. 8031 Total views 4 Total shares White House crypto and AI czar David Sacks rejected the idea of taxes on each cryptocurrency transaction as a method of filling the US strategic Bitcoin (BTC) reserve and crypto stockpile

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Jennifer Wines, vice president of Fidelity Private Wealth Management.Jen grew up between Mexico, Canada and the United States. Academics…

The ADAB Solutions project, based in the United Arab Emirates, is planning to launch FICE — the First Islamic Crypto Exchange which will be operating “according to the principles of Shariah law.” The company is expecting to reach $146 million daily trading and $4.4 billion monthly turnover by 2020.Islamic finance as crypto exchange baseThe new…

The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud.As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders. JPMorgan performed “thousands” of illegal movesAccording to investigators, the employees willfully…

BNB Chain's Red Alert system flags projects based on obvious features that have been historically used in scams, rug pulls and phishing. 416 Total views 5 Total shares BNB Chain, a blockchain network created by crypto exchange Binance, identified over 50 on-chain projects that pose a significant risk to the users. A mix of crypto…

A SHIB hodler who spent $3,400 on the memecoin last August is now a crypto billionaire from that purchase alone, with the asset gaining 94278239.8%% over the past year. 486 Total views 16 Total shares An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of…

The Maker Foundation has announced a series of governance polls aimed at security after software developer Micah Zoltu explained how any hacker with $20 million at their disposal could stage an attack on the MakerDAO network and steal close to $340 million.In a Dec. 9 blog post, the Maker Foundation interim risk team announced a…

At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds 507 Total views 29 Total shares BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.Today @BlockFi signed…