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“# YouTube’s sleazy decline into scam promotion ” Last weekend, I was watching a sports stream on YouTube. Talented, fearless athletes on the screen, a glass of wine in one hand and a purring cat under the other — you know, those perfect Saturday evenings. If only the stream didn’t keep being interrupted every few…
“# Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour ” After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. While it might be…
“# Cointelegraph Consulting: New stimulus checks may push Bitcoin price above $11K ” The latest research by Cointelegraph Consulting suggests that financial stimulus packages bolster the stock market and cryptocurrencies. The first round of checks worth $1,200 were deposited directly into bank accounts on April 11. A week later, the CEO of Coinbase, Brian Armstrong,…
“# BitMEX operator hires chief compliance officer amid US criminal charges ” The operator of crypto derivatives exchange BitMEX, 100x Group, has hired a seasoned Anti-Money Laundering (AML) specialist, Malcolm Wright, as its chief compliance officer. In an announcement on Oct. 12, the 100x emphasized Wright’s profile as the current chairman of the Advisory Council…
“# Data encryption a threat to fighting child sexual abuse, says DOJ ” The U.S. Department of Justice has released an international statement claiming that end-to-end encryption “poses significant challenges to public safety,” including sexually exploited children. In an Oct. 11 statement from the DoJ, the agency called on technology companies to work with the…
“# Better regulation needed to stop crypto tax evaders from running wild ” Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion…
“# Crypto banks are going to swallow fiat banks in 3 years — or even less ” Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat…
“# Digital identity is the future, US Congressman Bill Foster says ” Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association, a Chicago-based group focused on regulatory clarity and industry security, U.S. Representative Bill Foster explained the importance of a “secure digital identity.” “You can have the most rock-solid cryptographic guarantees…
“# Bloomberg: Biden election would be good for Bitcoin, bad for DeFi ” The latest Bloomberg crypto newsletter contends that the election of Joe Biden would bring greater mainstream adoption of Bitcoin (BTC), including a potential ETF approval. Further, it referred to the Trump administration’s policies with regard to crypto as “hands-off”: “A potential Joe…
“# Memo to crypto exchanges: KYC compliance can be a competitive advantage ” Crypto intelligence firm CipherTrace released a study on Oct. 1 reporting that more than half of the world’s cryptocurrency exchanges had deficient customer identification processes in place against money laundering. On the same day, the United States government announced that it had…