The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank failures,” the group claimed. BankBanksBitcoinDepositsExtendFailsFDICInsurancemidsizeNewsRegulationRegulatorsYears Read More
The Mid-Size Bank Coalition of America (MBCA) has reportedly asked United States federal regulators to extend insurance on all deposits for the next two years.According to a March 18 Bloomberg report, the MBCA – a coalition of mid-size U.S. banks – sent a letter to the U.S. Federal Deposit Insurance Corporation BanksDepositsFDICInsurancemidsizeReportSeekYears Read More
An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland, and Switzerland — with Europol’s support.
International Operation Takes Down Chipmixer
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Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low risk” and having “no outstanding issues” prior to it suffering from a $196 million attack.In a series of tweets on March 17 Euler Labs CEO, Michael Bentley AuditsCEOEulerFinanceHackedYears Read More
Latam merchants will be slower in adopting cryptocurrency payments compared to merchants in other regions, according to the latest payments survey conducted by Ripple and the Faster Payments Council. The survey, which polled close to 300 payment leaders at a worldwide level, suggests that massive crypto adoption for payments will AdoptBitcoinCryptoLatamMassivelyMerchantsNewsPaymentsRippleSuggestssurveyYears Read More
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to the U.S. Department of Justice (DOJ).
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On Mar. 1, nearly two years after Jack Dorsey's technology conglomerate Block (known as Square at the time) announced plans to build a self-custodial Bitcoin wallet, the company revealed that more work still needs to be done regarding its plans and that Block is actively seeking partners "to make this BitcoinBlockcryptoexchangeExchangesHuntPartnersRemainsWalletYears Read More
According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest AnalysisBISBitcoinCryptocryptoexchangeExchangesInvestorsLostMoneyNewsRetailYears Read More
A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which defrauded investors around the world.
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