CFTC Probes Bitcoin Exchange BitMEX

The U.S. Commodity Futures Trading Commission (CFTC) is reportedly probing bitcoin exchange platform BitMEX over suspicions of providing service to American traders. CFTC Investigating Whether BitMEX Serviced US Traders According to Bloomberg, anonymous sources say the U.S. regulatory watchdog is investigating the popular bitcoin exchange. Reports indicate that the probe centers around BitMEX allowing U.S. […]

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Bitcoin Ransomware That Infiltrated 100 US Enterprises Spreads to China

A ransomware virus that has successfully infiltrated more than 100 government and private enterprises in the U.S. and internationally has been detected in China, according to a recent Tencent Security report. Dubbed Ryuk, the pernicious code targets “logistics companies, technology companies and small municipalities” with high data value, demanding bounties upward of $5 million paid […]

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Swiss Crypto Broker Bitcoin Suisse Applies for Banking and Securities Licenses

Bitcoin Suisse, a crypto-broker and pioneer of Switzerland’s “Crypto Valley,” has taken anticipatory steps to comply with a “maturing” regulatory environment. The firm announced on Tuesday that it has applied for a banking license with Swiss Financial Markets Supervision Authority (FINMA), as well as a security dealer’s license, mandated by the Stock Exchange and Securities […]

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Bitcoin Noticeably Absent From Senate Hearing on Facebook’s Libra

For a panel about a proposed cryptocurrency, Tuesday’s Senate Banking Committee hearing was notably light on crypto talk. Bitcoin was barely mentioned during the two-hour session and most of the lawmakers seemed far less concerned with the technology than with who was planning to leverage it: Facebook. Sen. Brian Schatz (D-Hawaii) put it perhaps the […]

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US Treasury Secretary Mnuchin Attacks Bitcoin, Libra

US Treasury Secretary Steven Mnuchin touched upon Bitcoin and Facebook’s Libra cryptocurrency in a Monday press conference, voicing concerns about the misuse of cryptos for money laundering and terrorist financing. Bitcoin, Libra Represent a National Security Issue, Mnuchin Says The cryptocurrency market turned bearish as Mnuchin mentioned the negative aspects of digital assets. His speech […]

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