Search Results for "crypto transfers"
US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).
Freewallet.Org Features for Crypto Newbies and Skilled Users
Freewallet is a fintech company that has been a part of the crypto scene since 2016. It provides 3M users with apps for mobile devices and a web version of a wallet for 100+ cryptocurrencies. There are also standalone wallets for 30+ coins, such as BTC, ETH, XMR and more. The company produces simple and cost-effective payment tools with the aim of making crypto more available to everyone.
Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers
Smart contracts and blockchain play more of a key role in the economic and social growth of modern society. For example, Thailand’s Bank of Ayudhya demonstrates how the use of blockchain technology leverages cross-border funds transfers.
PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines
The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, CMT Digital, PJC, and Akuna Capital. New investors included Purple Arch Ventures, Arrington XRP Capital, Kenetic Capital, HashKey Capital, and Castle Island Ventures.
Microsoft & EU Based Universities Believe Blockchain Can Achieve Paris Agreement Carbon Goals
With blockchain, industries like the financial services are finding alternative modes of cash transfers, with a gradual switching to cryptocurrencies. The use cases of blockchain technology are steadily transcending digital asset opportunities, as key EU partners now believe the technology could help meet the Paris Agreement Carbon Goals.
Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams
Chainalysis has announced partnered with Wyoming’s Division of Banking to fight cybercrime, crypto laundering, crypto scams, sanctions violations, and more.
Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash
Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. Adjustments to the fees in that category of transactions will also be made.
Crypto & the FATF Travel Rule: FinCEN Suggests Challenges in Governance, Not Technology
The Financial Action Task Force (FATF) Travel Rule has been in the center of attention lately, which concerns crypto transactions above a certain amount must be accompanied by identifying information.The rule is an update to the existing FATF Recommendation 16, regarding cross-border and domestic wire transfers, and is intended to address the anti-money laundering (AML) and counter-terrorist financing (CFT) challenges as crypto adoption increases. The FATF Travel Rule could mean implications for virtual asset service providers (VASPs), including cryptocurrency exchanges, wallet providers, and custodians.
Token Taxonomy Act that Will Exempt Cryptocurrencies from Securities Laws Reintroduced in US Congress
A crypto bill suggesting that certain cryptocurrencies should be exempted from securities laws has been reintroduced to US Congress for review.
Chainalysis: Venezuela’s State-Owned Crypto Exchange Possibly Used by Maduro Regime to Launder Funds
Blockchain analysis company Chainalysis wanted to find out whether the claims of whether Petro aiding Venezuelans are true.
Ethereum’s Top 10 Whale Addresses are Holding a Total of 16.86 Million ETH as Sentiment for Ether Remains Bullish
New data by Santiment reveals that crypto whales see the current pullback as the perfect storm needed to accumulate more ETH tokens.
JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini
JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.