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Featured: The Connection Between Cryptocurrency and Money Laundering

featuredIn recent years, cryptocurrency has become one of the most important components of the global financial system, as it can be considered as a significant form of personal wealth. Many businesses that have emerged over the past decade are involved with cryptocurrency trading and development.Though the use cases of cryptocurrency

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Monero Details Website Malware Breach that Steals Cryptocurrency

A Reddit post made on November 19th by Monero’s core development team details that the software on the company’s official website was temporarily compromised and then programmed to steal cryptocurrency.Monero (XMR), an open source cryptocurrency created in 2014, notified its users about the breach and posted a security warning on

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Venezuela to Grant this Year’s Christmas Bonuses in Petro Cryptocurrency

This year, the Venezuelan government will be awarding Christmas bonuses to employees across the country in cryptocurrency, local news outlet Venepress reports. Previously, in 2018, the Venezuelan government converted retiree’s bonuses awarded on a monthly basis into Petro automatically.Petro has been criticized by experts across the globe since February of

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The Dai Stablecoin: The First Cryptocurrency Backed by Another Cryptocurrency (Ethereum)

Stablecoins, like Tether (USDT) or Facebook’s Libra, are a new sort of cryptocurrencies that differ from the rest by avoiding fluctuating prices which make even the popular cryptocurrencies, such as Bitcoin(BTC)trade, difficult for trade. Their value is based on stable underlying resources. Some are backed by dollars, and some by

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Celsius Network Reports Over $4 Billion in Cryptocurrency Loans

Celsius Network, a prominent global digital currency platform, has announced in a press release that it has reached a $4.2 billion mark for cryptocurrency loan organization, a $450 million figure for deposits and more than $5 million in interest income for the company’s depositors.The numbers disclosed were announced on November

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China’s Military Newspaper Suggests Soldiers to be Rewarded in Cryptocurrency

Thanks to President Xi Jinping’s recent game-changing comments about blockchain, the official newspaper of the People’s Liberation Army (PLA), PLA Daily, appears to be poised to see military personnel paid and encouraged in cryptocurrencies as opposed to the Yuan.According to a pro-crypto write-up published by the PLA’s paper, the technology

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BRICS Coalition Plans to Develop a Cryptocurrency for Settlements Between Members

BRICS, a collaborative group with five members of major emerging nations – Brazil, Russia, India, China and South Africa – has proposed developing a digital currency for payment transactions between these countries.The CEO of Russian Direct Investment Fund (RIDF), Kirill Dmitriev, detailed the developing plan on Thursday at the BRICS

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John McAfee’s New Defying Cryptocurrency: Epstein Didn’t Kill Himself (WHACKD)

The famous (and infamous) computer programmer, businessman and now a prominent cryptocurrency commentator, John McAfee, has re-entered the crypto world by launching a new cryptocurrency called “Epstein Didn’t Kill Himself” with the subtle ticker name WHACKD.The cryptocurrency project, WHACKD, is first of its kind and outshines John McAfee’s earliest eccentric

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