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New Zealand Fund Invests 5% in Bitcoin— CIO Says You ‘Can’t Really Discount Bitcoin’
29.3.2021
A New Zealand hedge fund, NZ Funds Management, which had $350 million worth of assets under management at the end of December 2020, says five percent of its money is invested in bitcoin. According to the firm’s CIO James Grigor, ​bitcoin is also set to be featured in more of...
Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...
Instagram Influencer Charged for Allegedly Stealing Millions of Dollars in Bitcoin From Followers
27.3.2021
A popular Instagram personality has been charged in the U.S., accused of stealing bitcoins worth millions of dollars from his followers. He allegedly convinced the “victims to sell him their bitcoin at attractive, but inflated, values” but he never wired them the money for the coins...
Money Laundering Might Taint NFTs Too, Prepare For Tighter Controls
27.3.2021
Copycat by Gala Mirissa. While non-fungible tokens (NFTs) are certainly the big thing in crypto at the moment, they aren’t without their problems. Aside from accusations of hype and faddishness, NFTs also raise the familiar and thorny issue of money laundering.
Without much in the way...
NFT craze and institutional money to bring next 100 million crypto users, says Crypto.com CEO
26.3.2021
The two main factors driving mass adoption are converging, says Crypto.com CEO Kris Marszalek
Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges
26.3.2021
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting...
Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments
25.3.2021
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency...
JMP Securities Expects $1.5 Trillion to Flow Into Bitcoin as Retail Wealth Management Industry Follows Morgan Stanley to Offer BTC to Clients
24.3.2021
JMP Securities has predicted that “$1.5 trillion of incremental capital” could flow into bitcoin, an amount greater than the cryptocurrency’s current market cap. The firm sees more wealth management companies following Morgan Stanley’s example to offer bitcoin to their...
Blockchain.com Raises $300 Million, Firm’s Post-Money Valuation Now $5.2 Billion
24.3.2021
The crypto financial services provider Blockchain.com revealed on Wednesday that the company has raised $300 million in a financing round. Blockchain.com’s latest funding round follows the $120 million raise the company obtained last month. Blockchain.com Is Now Valued at $5.2 Billion...
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
Russia's money laundering watchdog monitoring crypto to ruble transactions
24.3.2021
Rosfinmonitoring has informed the Russian parliament that it is paying close attention to transactions involving the conversion of crypto to rubles
Mad Money’s Jim Cramer Says Gold Let Him Down, Put 5% in Bitcoin
23.3.2021
Mad Money host Jim Cramer, a long-term gold proponent, says that gold has let him down. He has become more bullish on bitcoin, advising investors to put 5% of their portfolios in the cryptocurrency to protect their assets. Jim Cramer Reduces Gold Holdings, Increases Bitcoin Allocation In...
Bitcoin made me a 'ton of money' unlike stocks and gold — Jim Cramer
23.3.2021
The CNBC host publicly thanks Anthony Pompliano after he made serious returns on a $500,000 BTC investment
US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones
23.3.2021
A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies. A federal court incited Sky Global for allegedly having facilitated criminal organizations to launder millions worth in crypto. Sky Global Is Also Accused of Remotely...
Genshin Impact Won't Let Me Spend Money Anymore, And I'm Finally Free
22.3.2021
I have a complicated relationship with Genshin Impact. I adore its vast, lovingly handcrafted world and charming characters. I hate how its intertwining systems whisper to me in a million different voices: “Spend money.” But there’s no denying that the system works; to date, I’ve probably spent...
China’s digital yuan will offer best privacy protection, says official
22.3.2021
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs
Video Game Companies Keep Coming Up With New Ways To Take Our Money
19.3.2021
Video games are expensive. They have been expensive for a very long time, and they keep getting more expensive. To an extent, it makes sense: Game developers need to eat! But after a certain point, it gets excessive. Loot boxes, gacha, and now NFTs are signs of that excess. On this week’s...
Harris Poll Data Shows 1 in 10 Americans Will Use Stimulus Checks to Buy Bitcoin and Ethereum
18.3.2021
Following the recently published survey by Mizuho Securities that estimates roughly $24 billion from the $380 billion in direct stimulus checks will go toward bitcoin, a Harris Poll was released that estimates around 1 in 10 Americans have used stimulus checks to invest in cryptocurrencies like...
Irish crypto firms will impose Anti Money Laundering ID checks from April
18.3.2021
Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month
Bitmex Cofounder Ben Delo Surrenders to US Authorities— Arthur Hayes to Follow in April
17.3.2021
Legal issues with crypto exchange Bitmex’s cofounders still make the headlines. Benjamin Delo surrendered to the U.S. authorities, and Arthur Hayes agreed to make the same maneuver in April. Delo Released on a $20M Bail Bond According to Bloomberg, Bitmex’s cofounder Benjamin Delo...