Maker, now Sky’s, new stablecoin lashed over ‘freeze function’
The new USDS stablecoin from Maker, now Sky, has a freeze function which the project’s founder claims won’t be part of the token at launch.
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Bitcoin analysts weigh sub-$17.5K dip after ‘weak’ BTC price bounce
There is "no way" that Bitcoin price performance will not eclipse the recent $17,500, one analyst insists. 879 Total views 58 Total shares Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: "No way" Bitcoin bottomed at $17,500Data…

Former US Gov’t Official, Capital One Exec Joins Payments Startup C Labs
Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company’s compliance strategy.On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, which is an open platform that makes financial tools accessible to anyone with a mobile phone.Ramaswamy’s credentialsAlso a former managing…

Outwitting crypto criminals: Why exchanges have to go the extra mile
Crypto criminals are getting more adaptive and smarter than ever before. But how can industry service providers keep up with them? If I say that the crypto industry is highly targeted by cybercriminals and, in particular, organized criminals, I’m sure that no one who has spent a few months within the space would be surprised.…

Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery." Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global.In a Sept. 15 filing in the United States Bankruptcy Court for

OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group
U.S. law enforcement has identified three individuals who handled stolen crypto and fiat for the benefit of North Korea. 200 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen…

Medical Testing Pushes OneCoin Launderer’s Sentencing to July
Sentencing of the lawyer who laundered $400 million for the OneCoin Ponzi scheme has again been postponed. 1158 Total views 42 Total shares The sentencing of Mark Scott, a licensed attorney who laundered $400 million for the infamous OneCoin Ponzi scheme, has been adjourned until July 14, 2020.On April 25, Judge Edgardo Ramos of the…

The rise of fake cryptocurrency apps and how to avoid them
Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology.And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through fake…

Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000
Bear markets have historically been challenging to navigate for traders and the conventional set of "reliable" indicators that determine good entry points are unable to predict how long a crypto winter might last.Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in,…