Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

FBI Charges Investment Manager in $10M Crypto Ponzi Scheme
FBI Charges Investment Manager in $10M Crypto Ponzi Scheme
November 20, 2022  |  Security & Fraud

Federal authorities have charged an Ohio man with taking part in a fraudulent cryptocurrency investment scheme that raised at least $10 million from investors. Get...

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New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
New AML Measures a ‘Tectonic Shift’ in EU Approach to Combating Financial Crime
November 20, 2022  |  AML

In the latest changes to the European Union’s (EU) anti-money laundering (AML) framework, the European Commission (EC) is finalizing the details of a package of...

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Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
November 20, 2022  |  Cryptocurrency

The former head of the Federal Deposit Insurance Corporation (FDIC) has joined a chorus of voices calling for the regulation of cryptocurrency in the wake...

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FTX Considers Sale as Top 50 Creditors Seek $3.1B
FTX Considers Sale as Top 50 Creditors Seek $3.1B
November 20, 2022  |  Cryptocurrency

Bankrupt cryptocurrency exchange FTX owes its top 50 creditors close to $3.1 billion and is reportedly considering either a sale or reorganization. Get the Full...

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How the Entangled CEOs of FTX and Alameda Took the Public for a Ride
How the Entangled CEOs of FTX and Alameda Took the Public for a Ride
November 18, 2022  |  News

At the heart of the FTX implosion, which has reportedly left nearly a million former customers and investors who trusted the exchange empty-handed, is the company’s...

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Sam Bankman-Fried Sold $300M Stake in FTX in October 2021 
Sam Bankman-Fried Sold $300M Stake in FTX in October 2021 
November 18, 2022  |  Cryptocurrency

When FTX raised $420 million from investors in October 2021, $300 million of that amount reportedly went to the cryptocurrency exchange’s then-CEO Sam Bankman-Fried.  Get...

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Elizabeth Holmes Sentenced to 11+ Years in Prison for Defrauding Investors
Elizabeth Holmes Sentenced to 11+ Years in Prison for Defrauding Investors
November 18, 2022  |  Cryptocurrency

Elizabeth Holmes, one of Silicon Valley’s most celebrated and subsequently vilified startup founders, has been sentenced to 135 months, or more than 11 years, in...

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Fed Official Neel Kashkari Tweets ‘Entire Notion of Crypto Is Nonsense’
Fed Official Neel Kashkari Tweets ‘Entire Notion of Crypto Is Nonsense’
November 18, 2022  |  Cryptocurrency

Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday (Nov. 18) in a tweet that cryptocurrency has no use and is just a device...

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House Committee to Investigate FTX Collapse, Requests Company Documents
House Committee to Investigate FTX Collapse, Requests Company Documents
November 18, 2022  |  Cryptocurrency

Raja Krishnamoorthi, chairman of the House Oversight Committee’s Subcommittee on Economic and Consumer Policy, has requested FTX turn over documents and information as part of...

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