The Financial Crimes Enforcement Network (FinCEN) has released an analysis that reports an alleged increase in the use of cryptocurrency in human trafficking cases. According to FinCEN, reports of cryptocurrency linked to these purposes grew from 336 in 2020 to 1,975 in 2021, an increase of almost 500%. FinCEN Alerts of Crypto Usage Linked to […]
Congressman Grills Treasury on Incorrect Reporting of Crypto Terror Financing
Brian Nelson was grilled during a House Financial Services Committee hearing providing oversight of the Financial Crimes Enforcement Network (FinCEN) and the Office of Terrorism and Financial Intelligence, according to a press release from Representative Tom Emmer on Feb. 14. Treasury Undersecretary Brian Nelson had to answer for reports that Hamas received $41 million and […]
Coinbase shares surge 12.7% after fourth-quarter earnings beat
Coinbase’s net income of $273 million marks the firm’s first profitable quarter since Q4 2021.
XRP Trading Volumes Hit $1.6B- Surge Ahead?
XRP Trading Volumes Hit $1.6B- Surge Ahead? YEREVAN (CoinChapter.com) — Troubled cryptocurrency XRP is showing signs of recovery. In the past 24 hours, the token’s price has gained around 5%, adding to its over 8% weekly rally. The token’s trading volumes have surged, adding to the bullish sentiments around it. Furthermore, talks that the World […]
Bitcoin, Ethereum Casino Shuffle Reveals SHFL Airdrop Plans
Online gamblers are set to cash in as Shuffle announces three upcoming SHFL token airdrops along with updated Ethereum tokenomics.
Government Needs ‘Additional Tools and Resources’ To Crack Down on Crypto, Says Treasury Official
The post Government Needs ‘Additional Tools and Resources’ To Crack Down on Crypto, Says Treasury Official appeared on BitcoinEthereumNews.com. An official with the United States Department of the Treasury says rooting out illicit finance by players in the crypto industry calls for additional tools and resources. In his written testimony for a House Financial Services […]
Crypto and Money Laundering: Key Focus in Upcoming House Hearing
The House Financial Services Committee is poised to address the intersection of cryptocurrency and illicit finance in a crucial hearing scheduled for later today. With a particular emphasis on anti-money laundering (AML) measures, the hearing aims to scrutinize the alleged role of digital assets in facilitating illicit activities. Led by Republican French Hill of Arkansas, […]
How 2 Tech Giants Prepare to Enhance Cybersecurity With AI
The post How 2 Tech Giants Prepare to Enhance Cybersecurity With AI appeared on BitcoinEthereumNews.com. As Artificial Intelligence (AI) evolves, its potential to fortify cybersecurity measures has become a focal point for companies worldwide. With the alarming escalation in cyberattack speed, scale, and sophistication, businesses are increasingly integrating AI technologies to outmaneuver cybercriminals. How Microsoft […]
Grayscale Bitcoin Trust’s (GBTC) Market Share Drops to 30%: Kaiko
Since the introduction of spot Bitcoin ETFs earlier this year, GBTC has experienced substantial outflows, resulting in its AUM (Assets Under Management) decreasing to $23.7 billion as of Thursday. While Grayscale has maintained its leading position among its competitors, its market share appears to be dwindling. Receding GBTC Outflows Between January 11-21, the Grayscale Bitcoin […]
CEO Of Digitex Futures Exchange Violated US Laws
Adam Todd, the founder and CEO of Digitex Futures Exchange has been charged for violating the laws of the Bank Secrecy Act (BSA). Todd has failed to establish and implement an Anti-Money Laundering (AML) program. The BSA plays a crucial role in fighting financial crimes, like money laundering and terrorism financing. As such, for any […]