Nouriel Roubini Pens an Anti-Crypto Letter, Calls Financial Regulators to Wake Up

Nouriel Roubini Pens an Anti-Crypto Letter, Calls Financial Regulators to Wake Up

Professor and renowned economist Nouriel Roubini, also known as Dr. Doom due to his gloomy predictions, penned down a long anti-crypto letter on July 16, calling on the U.S. financial regulators and other regulators to wake up from their slumber concerning crypto. According to Roubini, every civilized country operates stringent financial laws for good reasons. Creating a means to circumvent these laws only allows for fraudulent acts at the detriment of investors. Despite the multitude…

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Married Singaporean Man Confessed to Hiring a Bitcoin Hitman to Kill his Ex’s Boyfriend

Married Singaporean Man Confessed to Hiring a Bitcoin Hitman to Kill his Ex’s Boyfriend

In Singapore, a married man hired a professional killer on the dark web to kill his former girlfriend’s new lover in a planned car accident. As reported by Yahoo News Singapore, the 47-year-old Allen Vincent Hui Kim Seng hired a hitman on the dark web and paid him with Bitcoin. The deal took place on a website known as “Camorra Hitmen.” However, the hitman couldn’t finish the illicit job as a journalist from the American…

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Japan Sets to Build a SWIFT-Like Network for Global Cryptocurrency Transactions

Japan Sets to Build a SWIFT-Like Network for Global Cryptocurrency Transactions

Prior to the upcoming G7 summit in France, an insider revealed that the Japan government is set to implement a SWIFT-like network for crypto transactions. In the traditional financial world, the SWIFT network is responsible for executing transactions across different borders. While this well-governed network has functioned well for as long as it has been in place, it still has some minor drawbacks that the crypto world aims to mitigate and even eliminate. Also, due…

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France to Regulate Crypto Companies in Exchange for Regulatory Approval

France to Regulate Crypto Companies in Exchange for Regulatory Approval

France is all set to experiment a legal regulatory framework for cryptocurrency platforms later this month. The framework aims to regulate consumer protection protocols, tax mandates and capital requirements. This move was made by the country’s top financial body, the Financial Markets Authority (FMA). Crypto firms are expected to voluntarily abide by the set of new regulations for which they would be reciprocated with regulatory approvals from the organization. The FMA also released a statement…

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Tether Further Expands into Algorand POS Blockchain Network

Tether Further Expands into Algorand POS Blockchain Network

Despite extending its tech prowess to TRON, Omni, EOS, and the Ethereum blockchains, Tether (USDT) is now set to launch in Algorand, reaching a total of 5 blockchain networks. This expansion, according to a post released by Tether, is totally plausible as it advances partnerships and cooperation within the developing digital asset community. The post highlights that Tether believes that Algorand is unquestionably qualified for the job as the two crypto entities share a similar…

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Opera Browser for Android Now Fully Embraces Bitcoin and TRON Blockchains

Opera Browser for Android Now Fully Embraces Bitcoin and TRON Blockchains

Cryptocurrency enthusiasts, users and fans alike have long awaited the news shared by Opera about its latest Android browser upgrade. Opera has made it known to the public that it has recently upgraded the beta version of its Opera browser for Android just to give its users what they want. The major thing to note is that the beta version now allows users to transfer and receive both TRON and Bitcoin (BTC) cryptocurrencies. For TRON,…

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IBM Holds the Most Blockchain Patents (108) in the US; Bank of America Second (52)

IBM Holds the Most Blockchain Patents (108) in the US; Bank of America Second (52)

Big tech and finance companies have been filing patent after patent that indicates the company’s bullishness on blockchain technology. And when it comes to blockchain innovation and patent filings, IBM is leading the pack. Nobody is unfamiliar with how big the tech giant IBM is betting on blockchain technology. IBM has recently launched its blockchain-based cross-border payment platform World Wire and signed six international banks to roll out their own stablecoins on its platform. IBM…

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Bitcoin Price Technical Analysis (July 17): The Panic Before the Rise?

Bitcoin Price Technical Analysis (July 17): The Panic Before the Rise?

Bitcoin (BTC) is currently is trading at around $9,500. After a formation of a double top and bearish engulfing pattern, we see a steep downfall. The price has the broken the support level of $10,800, turning it into resistance and support is at $8820. It is suggested not to take any long position at this price and to wait for the price to settle around $8,820. Dow Theory According to Dow Theory, the price is…

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UK Government Takes on Dirty Money in the Crypto Market with New Economic Crime Plan

UK Government Takes on Dirty Money in the Crypto Market with New Economic Crime Plan

From the year 2020 going forward, the United Kingdom government will attempt to make the UK very unsafe for criminal economic activities. This was disclosed in the newly-curated Economic Crime Plan that would take effect next year. Crypto, not surprisingly, is part of the plan as well. The move to partner up with both the private sector and law enforcement agencies was indeed essential as financial fraudulent acts in the UK are denting the reputation…

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US Treasury Secretary Fears Facebook Libra Could Be Misused by Terrorists

US Treasury Secretary Fears Facebook Libra Could Be Misused by Terrorists

In a press conference on Monday, US Treasury Secretary Steven Mnuchin expressed his concerns regarding the role that Facebook’s Libra could potentially play in financing terrorism and facilitating money launderers. He even termed it a “national security issue.” Mnuchin said: “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking.” He was of the view that the folks…

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