.

2022-10-25 04:43:02 Yellen doubles down on call for more crypto enforcement

The U.S. government should use its enforcement authorities to crack down on crypto scams and operational failures, Treasury Secretary Janet Yellen said, reiterating her agency’s call for “beefed up” enforcement on digital assets.“So we would like to see an improvement in regulation in these areas.”

The Biden administration released a series of digital asset reports in September and October, in an attempt to unite the many federal agencies that touch cryptocurrency issues. Yellen spoke about the reports at the Securities Industry and Financial Markets Association’s annual meeting in New York City. ellen spoke broadly about risks to the economy and said cryptocurrencies do not yet pose a significant risk to financial stability.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-24 04:41:02 US recession risk hits 100% as crypto tokenomics highlighted

The chance of a recession in the United States has now hit 100%, according to new Bloomberg Economics model projections — meaning that it is "effectively certain" the country's economy will contract over the next year.

Bitcoin, the first and foremost cryptocurrency, was born out of a global economic recession — but has never existed inside one. The same goes, of course, for Ethereum and every crypto protocol spawned after it. If the aforementioned projections are correct, the blockchain and cryptocurrency industry will enter a new, distinct and defined chapter of existence.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-23 08:32:02 Turkey Busts an Illegal Betting Organization, Seizes $40M in Crypto

Turkish law enforcement agents detained 46 people and confiscated $40 million in crypto during an operation against a criminal betting group. Following the investigation, law enforcement agents arrested 46 individuals involved in the scheme and confiscated $40 million worth of digital assets.

According to a local coverage, the Turkish police have detained the suspects across various regions in the country, including the capital Ankara, Kayseri, Van, Yozgat, and other locations.Per the accusations, the organization ran an illegal sports betting scheme and sent its yields to numerous cryptocurrency accounts. Some addresses belonged to Halil Falyali – a Turkish Cypriot businessman who was supposedly the head of a separate mafia group. Earlier this year, he was murdered at his home in Kyrenia, Cyprus.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-22 10:39:02 Duo behind Silk Road takedown back fighting crypto crimes with Naxo

Naxo, a newly-launched cybersecurity firm, was co-founded by former FBI special agent Chris Tarbell and computer scientist Matt Edman. They both played pivotal roles in the arrest and prosecution of Ross Ulbricht, the man behind the infamous Silk Road marketplace.

Now they’re turning their attention to cybercriminals with a taste for cryptocurrencies and other digital assets. His fellow founder Edman notes that while the good uses of cryptocurrency have increased over the past decade, beneath this layer lies a network of criminal activity that persists in darknet markets. As he played a pivotal role in the technical takedown of the Silk Road website and crypto assets.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-20 13:07:02 Kanye West Adorns Bitcoin’s Satoshi Hat after JP Morgan Fallout

Hip-hop icon and businessman Kanye West was seen sporting the Bitcoin founder Satoshi Nakamoto Hat after his corporate bank account was shut down by JP Morgan Chase. In a tweet, political commentator Candace Owens shared a letter Ye allegedly received from financial behemoth JP Morgan.

JP Morgan gave Yeezy LLC and Ye until November 21st, 2022 to transfer the account’s funds of about $140 million elsewhere after the rapper’s formal split with the financial institution. Many have concluded that the bank’s choice was motivated by West’s most recent anti-Semitic remarks alongside other problematic comments he made on social media amid the Paris fashion week havoc. Kanye West asserted that he did not violate any laws and called JPMorgan’s choice shocking.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-19 09:36:03 Binance’s CZ puts Reuters reporter on blast for intent to report about his children

Binance CEO Changpeng Zhao (CZ) posted a response to the company’s recent dealings with a reporter from Reuters, complaining of a deliberate smear campaign by the news agency. CZ mentioned a “breakdown in trust” due to adverse reports informed from anonymous sources.

In recent times, Reuters has published several damning stories about the exchange, including an account of the company’s “lip service” to global regulators and neglect of compliance standards in January. On Oct. 10, following further communications with a Reuters reporter, CZ said the reporter’s inquiry asked about Binance’s commitment to compliance and his leadership style but also contained an intent to run a report about his children.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-18 10:30:48 TRON (TRX) has been in a deflationary state for almost a year

According to the announcement, the total amount of TRON’s tokens at the end of this deflationary period reached 9.6 billion TRX. As per the data, the number of TRX generated hit a maximum of 5,273,312 on August 14, 2021, while the number of tokens burned hit a maximum of 1,106,056,407 on May 22, 2022. as announced by TRONSCAN, the official explorer of the TRON blockchain, in a tweet on October 17.

TRON’s token has been touted as being a deflationary cryptocurrency after the network’s community agreed in February 2021 to make it deflationary by introducing a burning mechanism that reduces its total circulating supply over time. This means that the number of its coins in circulation is decreased from time to time, making the coin more valuable, as opposed to inflationary cryptocurrencies and traditional fiat money, the value of which depreciates as banks and networks mint new coins.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-17 11:16:02 400 Bitcoin Addresses Are Now Under Sanctions List

Just a few years after the U.S. Treasury announced the first sanction on two Bitcoin addresses, 398 more addresses entered the list. Thus, the number of addresses under the sanction reached 400. As Cryptokoin.com reported, the number of Bitcoin addresses under sanction has reached 400, according to its latest report.

For example, the address ‘3Lpoy53K625zVeE47ZasiG5jGkAxJ27kh1’, which OpenSanctions claims to belong to GARANTEX EUROPE, an Estonian and Russian subsidiary, is on OFAC’s black list. This is an address we randomly picked from hundreds of addresses. By the way, it’s a little unclear how they name the pseudo-anonymous Bitcoin addresses. We have not checked the accuracy of this data. But their code is open source on GitHub. So anyone can verify.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-16 07:08:02 Crypto Market Maker Wintermute Pays Off $96M TrueFi Debt Weeks After Being Hacked

Prominent crypto market maker Wintermute paid off its $96 million debt on decentralized finance (DeFi) protocol TrueFi, TrueFi’s loan dashboard shows, just about three weeks after being hacked for $160 million.

The TrueFi loan was one of the firm's largest outstanding known debts owed to a DeFi lending platform. Wintermute took out a $92 million loan on the TrueFi protocol from its USDT lending pool in April, which was due to mature Oct. 15.Wintermute repaid the loan with interest Friday, one day before the deadline, transaction data on blockchain data platform Nansen shows.

Source

https://t.me/Cash_Blockchain_News Open / Comment

2022-10-15 05:24:02 Nexo once again extends due diligence period on potential Vauld deal

Crypto lender Nexo has again extended the due diligence period to decide on its potential acquisition of Vauld, an embattled rival, a person with direct knowledge of the matter told The Block. Nexo initially signed a 60-day exclusive due diligence agreement with Vauld on July 5, a day after Vauld halted client withdrawals.

Now the new extension would be "as long as needed," the person said, adding that Nexo is "cautiously optimistic" about the potential deal after meeting Vauld's executives in Singapore. Last week, Nexo co-founder Kalin Metodiev said in an ask-me-anything session that the due diligence period has been extended, without providing a specific timeline. Metodiev said "any distressed transaction is not easy" and that Nexo is hopeful for a win-win situation.

Source

https://t.me/Cash_Blockchain_News Open / Comment