The Institute of International Finance looked at seven areas where digital euro legislation, which is being developed alongside the technology, is lacking. The Institute of International Finance (IIF) has published an assessment of the European Commission’s proposed legislation on the digital euro. It gave the bill average marks. The IIF is a financial industry global…
Rashawn Russell faces up to 30 years in prison for his role in the fraudulent cryptocurrency trading scheme. A former Deutsche Bank investment banker, who was charged earlier this year in relation to a fraudulent cryptocurrency trading scheme, has pleaded guilty to investment fraud — and could face up to 30 years in prison. According…
The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected. Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic. In June and July, nearly all of the crypto stolen…
The corporate world is filled with the carcasses of companies (and cryptos) who found out too late that the Lindy effect could not save them. If you ask people if they think that companies that have been around for many decades (even more than a hundred years) versus a startup would have a better chance…
CoinEx confirms that compromised private keys gave hackers access to hot wallets, leading to a $70 million hack. Hong Kong-based cryptocurrency exchange CoinEx has revealed that compromised private keys allowed hackers to steal over $70 million of tokens as the team looks to open lines of communication to claw back funds. CoinEx representatives unpacked the…
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year. South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about their use for criminal activities. The financial regulators in the country are…
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