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Bitcoin genesis block is the ‘New Testament’ of finance

Bitcoin genesis block is the ‘New Testament’ of finance 9 minutes ago No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency. 49 Total views 1 Total shares Listen to article Opinion “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. …

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YouTube’s sleazy decline into scam promotion

Last weekend, I was watching a sports stream on YouTube. Talented, fearless athletes on the screen, a glass of wine in one hand and a purring cat under the other — you know, those perfect Saturday evenings. If only the stream didn’t keep being interrupted every few minutes by annoying ads. They usually come in …

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BitMEX operator hires chief compliance officer amid US criminal charges

The operator of crypto derivatives exchange BitMEX, 100x Group, has hired a seasoned Anti-Money Laundering (AML) specialist, Malcolm Wright, as its chief compliance officer. In an announcement on Oct. 12, the 100x emphasized Wright’s profile as the current chairman of the Advisory Council and AML Working Group at Global Digital Finance, and as a speaker …

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Data encryption a threat to fighting child sexual abuse, says DOJ

The U.S. Department of Justice has released an international statement claiming that end-to-end encryption “poses significant challenges to public safety,” including sexually exploited children.  In an Oct. 11 statement from the DoJ, the agency called on technology companies to work with the government to find a solution for strong data encryption with the means to …

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Better regulation needed to stop crypto tax evaders from running wild

Antivirus software pioneer John McAfee, the founder of McAfee Associates — the company that released the first commercial antivirus software, McAfee VirusScan, in the late 1980s, contributing to the birth of multibillion-dollar industry — was indicted on five counts of tax evasion and five counts of willful failure to file a tax return, which could …

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Crypto banks are going to swallow fiat banks in 3 years — or even less

Within a few years, a younger generation of financial services customers are going to be able to walk into a bank and gain access to credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are already breaking …

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Digital identity is the future, US Congressman Bill Foster says

Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association, a Chicago-based group focused on regulatory clarity and industry security, U.S. Representative Bill Foster explained the importance of a “secure digital identity.”  “You can have the most rock-solid cryptographic guarantees of a blockchain or equivalent and it doesn’t do you any good …

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The need for a dialogue between crypto businesses and regulators

This year has been a strong one for digital asset markets, highlighted by growing institutional inflows and a propitious shift in the regulatory environment. Witness the U.S. Securities Exchange Commission’s September letter that says crypto exchanges that comply with SEC Rule 15c3-3 (the Customer Protection Rule) are free to trade digital asset securities.  With more …

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Indictments issued for BitMEX senior team are a signal to all

On the morning of Oct. 1, the United States government authorities in New York issued indictments for four of the senior team of BitMEX, the famed “wild card” exchange based in Hong Kong. Despite that, the crypto exchange still continues to operate its services.  BitMEX is one of the world’s largest crypto exchanges and has …

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Institutionalize crypto markets now: There must be compliance controls

Thanks to regulatory uncertainty from the United States Securities and Exchange Commission and a hodgepodge of state licensing requirements, the development of crypto trading in the U.S. remains stuck in the backwaters of trading reserved for Over-the-Counter Bulletin Board issues. In order to ensure the continued and healthy growth of digital asset markets, it is …

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