Cybercrime Up 75% During COVID-19, Congressional Hearing Details
A recent U.S. government hearing showed a significant uptick in online crime since COVID-19 took over in 2020. Go to Source Powered by WPeMatico
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SEC Launches Virtual Meetups for Fintech Industry Players
The SEC’s fintech wing invites innovators to network and weigh in on regulation in new online meetups. Go to Source Powered by WPeMatico
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation. Decade-Long Recovery Costing $8 Trillion The U.S. Congressional Budget Office … Read more
US FinCEN Awards Secret Service For Seizing $22 M in Crypto
An investigation that involved several U.S. federal agencies led to the bust of the darknet operators and seizure of $22 M in cryptocurrency. Go to Source Powered by WPeMatico
Novogratz Alludes Stimulus Causing Recent Bitcoin Uptrend
Mike Novogratz suspects Bitcoin’s recent upward price action is a result of the U.S. government’s corrective economic measures. Go to Source Powered by WPeMatico
ICE Paid Loeffler $9 Million Bonus Right Before She Entered the Senate
Financial statement reviews show the Intercontinental Exchange, or ICE, gifted U.S. Senator Kelly Loeffler millions during her departure from its daughter company, Bakkt. Go to Source Powered by WPeMatico
FDIC Urging Against Bank Runs: Is There a Crypto Connection?
Does the FDIC’s recent video urging against bank runs relate to crypto? Wilshire Phoenix’s CEO and a former CBOE trader weigh in. Go to Source Powered by WPeMatico
Wikileaks Gathers $37M in BTC Since 2010 – Over $400K Sent After Julian Assange’s Arrest
The world was shocked when Wikileaks cofounder Julian Assange was arrested in April after being cooped up in the Ecuadorian Embassy in London since 2012. Following his arrest, the original Wikileaks bitcoin address saw significant support as $32,000 worth of BTC poured into the wallet in two days. Since 2010, Wikileaks’ address saw 4,043 BTC … Read more
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and the Financial Crimes Enforcement Network (FinCEN). Also read: Regulatory Roundup — Trump’s Cryptocurrency Proposals, IRS Changes Rule, … Read more
Fed Nominee: Need for a Digital Dollar is an “Extremely Important Discussion”
Fed Nominee Judy Shelton speaks about the need for a digital dollar at a confirmation hearing in the US Senate Go to Source Powered by WPeMatico
