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Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization

The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency. Focusing on decentralized networks, bitcoin, and rewriting existing regulations, he shares his views on cryptocurrency and the creation of the digital dollar.Top US Banking Regulator Is Pro-CryptoBrian Brooks recently became the new acting

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Anonymous Crypto Payments Cause Problems for South Korean Child Porn Case

South Korean IT experts claim that investigators in the Telegram Nth room case could have trouble identifying users who used crypto payments to access illicit videos via the chat platform. Overseas exchanges’ transactions could be an issueAccording to local media, Maeil Kyungjae, it is more difficult to trace payments made via

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Bitmain Earned Over $300 Million in 2020 Despite Rumored Problems

Chinese cryptocurrency hardware manufacturer, Bitmain, made over $300 million in profit in the first four months of 2020. This news comes despite the COVID-19 outbreak and recent rumours about in-house problems, a recent report suggests.Bitmain allegedly earns over $300 million, rewards employees with massive bonusesAccording to the industry blog, Wu

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Crypto Contributes to Money Laundering Problems in Latin America, Report

Amid a major economic downturn, countries in Latin America (LATAM) are increasingly suffering from money laundering through cryptocurrencies, a new report says.Cryptocurrencies like Bitcoin (BTC) have become a major tool of organized crime groups and hackers in LATAM countries, according to a Feb. 27 report issued by threat intelligence

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Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch: Report

Cryptocurrency exchange FCoin, which revealed its insolvency this week, may have already been leaking bitcoin as early as July 2018 – just two months after its debut.On-chain analysis and security startup PeckShield released a report on Friday, suggesting FCoin's bitcoin (BTC) wallets had a significant outflow of nearly 10,000 BTC

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