News

VIRTUAL ASSETS RED FLAG INDICATORS OF MONEY LAUNDERING AND TERRORIST FINANCING RELEASED BY FATF

The purpose of this report is to help national authorities detect whether virtual assets are being used for criminal activity...

BITCOIN’S PLUNGE

Bitcoin price briefly dropped below $10,000, this caused that the entire cryptocurrency market...

WILSHIRE PHOENIX FILED WITH THE SEC TO OPEN TRADABLE BTC FUND

Investment fund Wilshire Phoenix has filed with the SEC request for opening tradeable Bitcoin fund...

"I WAS WRONG ABOUT BITCOIN" NEW STATEMENT BY PETER SCHIFF

Peter Schiff changes his mind on BTC and pull back his pervious statements...

REVIEW OF FATF STANDARD PART 2

So far adoption of the Travel Rule across FATF jurisdictions have been limited...

REVIEW OF FATF STANDARD PART 1

So far adoption of the Travel Rule across FATF jurisdictions have been limited...

RUSSIA PASSES LAW TO REGULATE CRYPTO

Newly pass law by russian parlament gives crypto finally a legal status...

WIRECARD SHAREHOLDERS FILE CRIMINAL COMPLAINT AGAINST EY

German fintech Wirecard shareholders decided to take a legal action against Big Four auditors...

TWITTER HACKED

Many Got Tricked as Bitcoin Scam was Tweeted High-Profile Twitter Acc...

HOW DO VIRTUAL ASSETS ARE EXPOSING BANKS TO RISK

What are the risks to which banks are exposed even if they dont work with Virtual Assets...

TELEGRAM BAN LIFTED AFTER 2-YEAR IN RUSSIA PART 3

Most of experts believe that Telegram has notgive up to gov and compromised the security...

TELEGRAM BAN LIFTED AFTER 2-YEAR IN RUSSIA PART 2

Big suprise was that the Russia’s communications watchdog Roskomnadzor issued...

NEW VIRTUAL ASSET REGULATIONS WILL AFFECT ALL EVEN BANKS THAT DONT DO IN CRYPTO

More and more mainstream players and institutions embrace cryptocurrencies, it is...

TELEGRAM BAN LIFTED AFTER 2-YEAR IN RUSSIA PART 1

Ban happened few years ago when Telegram started to gain user traction...

WHITE PAPER BY DIGITAL DOLLAR SETS THE GROUNDWORK FOR US CBDC PART 2

U.S. think tank aproach to a new digitized dollar has released a paper...

WHITE PAPER BY DIGITAL DOLLAR SETS THE GROUNDWORK FOR US CBDC PART 1

U.S. think tank aproach to a new digitized dollar has released a paper...

RUSSIA'S LAW PROPOSAL ILLEGAL CRYPTO USE 2M RUB FINE AND 7 YEARS IN JAIL

Politicians in Russia propose fines and prison terms of up to 7 years for illegal...

LIBRA WILL COMPLY TO THE FIAT REGULATIONS, HIRES EXEC TO MAKE IT HAPPEN PART 2

This new move shows that Libra is ready to fully comply with...

PRIVACY IN THE BLOCKCHAINON ECOSYSTEM AND CRYPTO TRACING

Privacy in of high importance to many players in crypto world, and it should stay like this...

LIBRA WILL COMPLY TO THE FIAT REGULATIONS, HIRES EXEC TO MAKE IT HAPPEN PART 1

This new move shows that Libra is ready to fully comply with...

BANK OF FRANCE CBDC TEST MAKES DIGITAL EURO CLOSER TO REALITY PART 3

France is building the way for a new digital Euro, and its CBDC should...

BANK OF FRANCE CBDC TEST MAKES DIGITAL EURO CLOSER TO REALITY PART 2

France is building the way for a new digital Euro, and its CBDC should...

BANK OF FRANCE CBDC TEST MAKES DIGITAL EURO CLOSER TO REALITY PART 1

France is building the way for a new digital Euro, and its CBDC should...

BLOCKCHAIN-BASED NAVIGATION MAP PATENT HAS BEEN FILED BY GENERAL MOTORS

New patent made by GM is using blockchain as a way to improve their navigation maps...

WHY PRICE OF BITCOIN FALL 50% AT MIDDLE OF MARCH

At Middle of march 2020 we were victims of a huge bitcoin fall and in a few hours it lost around 50% of its value...

SINGAPORE EXEMPTS CRYPTO FIRMS FROM LICENSING REGIME FOR NOW

Recently all of the big cryptocurrency companies perivously registered at MAS have been spared from following new payments licenses till JULY...

OCC FIRST-EVER ENFORCEMENT ACTION AGAINST NEW YORK BASED BANK LACKING CRYPTO AML COMPLIANCE

The Office of the Comptroller of the Currency (OCC) on JAN 2020 has made first enforcement action against a U.S. bank—M.Y. Safra Bank, headquartered in New York City...

FIRST SENTENCING TO CRYPTO DARK WEB DRUG DEALER

California courts have sentenced a man for planning to sell drugs via dark web markets for cryptocurrencies...

CRYPTO HELPS IN FIGHT AGAINT HUMAN TRAFFICKING

Human traficing is a big problem of today, in worl dthat is conneccted as never before slavery and human traficing are very easy to hide...

FINALY CRYPTOCURRENCIES ARE COMING OF AGE: TRAVEL RULE COMPLIANCE CONFERENCE

It showed that many were surprised when the US government institution, the Financial Action Task Force (FATF), was pushing for much stricter rules for following and transferring virtual assets...

WHAT IS PROJECT UBIN: SINGAPORE CENTRAL BANK USING BLOCKCHAIN

This project has a chance to make a significant change as the MAS partnered with a number of financial institutions and enterprise blockchain technology companies. Read more, in this...

THE FAVORABLE ASIC'S STANCE TOWARDS BLOCKCHAIN | ASIC(AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION)

AUSTRALIA UNVEILS NATIONAL BLOCKCHAIN ROADMAP TO HELP DRIVE ADOPTION

The Australian government finally unveiled its National Blockchain Road-map, they are promoting exploration and give three interesting use cases: Credentialing, Know Your Customer (KYC) identity checks and...

MONETARY AUTHORITY OF SINGAPORE (MAS) FUNDED BLOCKCHAIN PROTOTYPE FOR MULTI-CURRENCY PAYMENTS

The Monetary Authority of Singapore (MAS) has joined the group of institutions which favorably look on and support the development of blockchain-based technologies, as of November 2019 they have funded the successful development of a blockchain prototype that enables payments to be carried out in different currencies...

LIST OF BLOCKCHAIN PROJECTS FUNDED BY THE EUROPEAN COMMISSION - H2020 PROGRAMME

In 2020 European Commission Already Invested 180 Million Euros to Support Research & Innovation in Blockchain. this is the third and final article, that describes situation in Europe...

EUROPEAN COMMISSION INVESTS TO THE DISTRIBUTED LEDGER TECHNOLOGIES

In the last two articles we addressed blockchain situation in Europe and European Commission positive treatment of blockchain technologies. They work actively on setting up Proof of Concepts, Pilot Projects and EU initiatives...

IT'S COMING! THE NEW EUROPEAN BLOCKCHAIN SERVICES INFRASTRUCTURE

The EU has the ambition to become the leading force in a new generation of “hyperscalers”, they plan to achieve this by investing heavily in FinTech with major investments in blockchain...

EU BLOCKCHAIN FORUM AND OBSERVATORY HAS BEEN LAUNCHED BY EUROPEAN COMMISSION

European Commission launched the EU Blockchain Observatory and Forum, with the support of the European Parliament. The Blockchain Observatory and Forum will highlight key developments of the blockchain technology, promote European actors and...

ANALYSIS ON KEY POINTS OF LEGAL STATEMENT ON CRYPTOASSETS AND SMART CONTRACTS

Find out about the future treatment of cryptocurrencies in Summary of The UK jurisdiction taskforce of the LawTech Delivery Panel (LTDP) issued a statement on Monday 18th Nov 2019...

WARNING - NEW SEXTORTION (WEBCAM BLACKMAIL) ATTACK

New Phishing Attack! Attacker claims to have webcam video of Victims performing embarrassing acts, they ask for ransom to be paid in Bitcoins...

CRYPTO AIRDROP AND CRYPTO DUSTING - SPAM OR MARKETING CAMPAIGN

Crypto AirDrop and Crypto Dusting can be viewed as spam but as well as legal marketing campaigns. From spam to service where users willingly subscribe to get free coins & tokens…

CRYPTO DUSTING - WHAT YOU NEED TO KNOW ABOUT BLOCKCHAIN SPAM

Crypto Dust Spam is that targeting cryptocurrency users which in term receive miniscule amounts of BTC from service along with a promotional message…

15 YEAR OLD HACKED LEDGER BITCOIN WALLET

Hardware wallets produced by Ledger have been compromised by a 15 year old kid, to find out how...

FACEBOOK'S LIBRA, A GAME CHANGER FOR THE CRYPTOWORLD

Welles Partners thinks Facebook’s Libra is a game changer in the cryptocurrency world. This is the fourth and last article of a series which explains why...

Why does Facebook want Libra

Welles Partners thinks Facebook’s Libra is a game changer in the cryptocurrency world. This is the third article of a series which explains why...

Why does Facebook want Libra

Welles Partners thinks Facebook’s Libra is a game changer in the cryptocurrency world. This is the second article of a series which explains why....

HOW WOULD LIBRA BENEFIT FACEBOOK?

Welles Partners thinks Facebook’s Libra is a game changer in the cryptocurrency world. This is the second article of a series which explains why...

Impact of GDPR on Cryptocurrency Criminal Investigations

Benefits of Japan Bitcoin Regulation

More then five years ago, Japanese people trust in Bitcoin was rocked as users of Mt. Gox lost 650,000 bitcoins, this event ultimately...

3FA To Stop Exchange Hacks

Proposal of new generation of secure authentication 3FA can reduce and maybe stop cryptocurrency exchange robberies. During 2019 there was a hack that hit the world’s biggest cryptocurrency exchange...

NYSDFS - BitLicense 101

New York State Department of Financial Services was founded on 2015 and since then there are many debates about them and their purpose. Their most recewnt move was to introduce BitLicense...

Tainted Bitcoin — Deep Dark Side of biggest Cryptocurrency?

Blockchain Technology has started a new area in FinTech technologies, and all new discoveries can be used for good as well as evil. Terrorists as well as criminals have a possibility to use bitcoin for illegal activities to try to hide their activities, they hope that states will not adopt regulations globally and that law enforcement isn’t efficient...

“New FATF Rule   |   Stay Compliant With Our KYC Confidential Mode”

There is a new “travel rule” coming soon. In guidance released on June 21, 2019, the Financial Action Task Force (FATF) gave updated recommendation for a way to mitigate money laundering and terrorist financing risks associated with virtual asset activities.