Is $21 million scammed from would-be cryptocurrency investors worth up to two decades behind bars? The 54-year-old chief executive officer of Titanium Blockchain Infrastructure Services Inc. (TBIS) might have the next 20 years to ponder his answer to that fraught question. He’ll probably learn much more about his fate on November 18 of this year,… Read More >>
FINRA May Hire More Crypto Crime-Fighters
FINRA appears to be in the market for crypto crime-fighters just as pioneering cryptocurrency players have laid off significant percentages of their workforce as the crypto crash/winter takes hold. The crypto slump has been underway for weeks and has driven down the value of Bitcoins and other cryptocurrencies amid volatile markets rocked by inflation, war, interest… Read More >>
Crypto’s Pitfalls Are the Focus of a New Guide
Say this for the computer kids who bought into the Great Crypto Scam: They (and others who dream of easy riches) are determined to tie themselves to the blockchain, no matter what. Even the recent $300 billion drop in value across the crypto economy (as calculated by the New York Times) hasn’t dissuaded them. The… Read More >>
Israel’s Central Bank Mulls a Potential ‘Digital Shekel’
There’s a move afoot to take the crypto out of cryptocurrency. How? Simply by pegging its value to the value of the fiat currency issued by a country’s central bank. Those not-so-crypto digital currencies are called “central bank digital currencies” or CBDCs. “Many countries are developing CBDCs, and some have even implemented them,” say our… Read More >>
Justice Department Sharpens Its Focus on Crypto Crime
Has Vlad the Crimea Impaler lost has mind? In the wake of the assault on Ukraine, FTF News is far from the only one asking that question. What’s next? What will stop Vladimir Putin? Around the U.S. and Canada, Russian Vodka is being pulled from liquor store shelves. And if that doesn’t dissuade him from… Read More >>
Crypto-Assets Could Threaten Global Markets: FSB
While global financial markets widely embrace digital assets, the Financial Stability Board (FSB) is warning via a new report that fast-evolving crypto-assets could ultimately threaten “global financial stability due to their scale, structural vulnerabilities and increasing interconnectedness with the traditional financial system.” The FSB report, “Assessment of Risks to Financial Stability from Crypto-Assets,” sets out… Read More >>
Crypto Crime Hits $14B in 2021: Report
Crypto investors beware. The good news: Crypto-crime is “becoming a smaller and smaller part of the cryptocurrency ecosystem.” That’s according to a blog post “preview” of the 2022 “Crypto Crime Report” from Chainalysis, a cloud-based, blockchain data and analysis platform provider founded in 2014 and headquartered in New York City. The not-so-good news: Crypto crime… Read More >>
Canadian Regulator Takes Aim at Crypto-Trading Platform
Canadian financial services regulator, the Toronto-based Ontario Securities Commission (OSC) has officially charged a Seychelles-based firm with running an online digital asset trading platform that is noncompliant with the securities-trading laws of the Canadian province. The allegations could result in millions of dollars in penalties and disgorgements. The OSC is formally charging Aux Cayes Fintech… Read More >>
BitMEX Entities Settle with CFTC, FinCEN for $100M
The Commodity Futures Trading Commission (CFTC) reports that the U.S. District Court for the Southern District of New York has filed a consent order against five companies charged with operating the BitMEX cryptocurrency derivatives trading platform. The five companies are HDR Global Trading Ltd., 100x Holding Ltd., ABS Global Trading Ltd., Shine Effort Inc Ltd.,… Read More >>
BNY Mellon Helps Crypto Custody Startup Raise $133M
Fireblocks Raises a Total of $179 Million Crypto infrastructure provider Fireblocks has raised $133 million in Series C funding with help from the Bank of New York Mellon and SVB Capital, the investment platform of SVB Financial Group, via an effort led by Coatue, Ribbit Capital, and Stripes Group, officials say. With this round of… Read More >>