EY Executive Says Bitcoin Has No Practical Use in India
An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.” Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval ‘No...
Ledger Reveals Physical Exploits Against Trezor Hardware Wallets
The battle of the hardware wallets is heating up. At this weekend’s MIT Bitcoin Expo in Boston, Charles Guillmet, Chief Security Officer of Ledger, presented a number of physical attacks that could be executed against Trezor hardware wallets. He also outlined an attack on their rival’s device that Ledger has refrained from making public because it is not patchable. Also read: How the World’s Leading Banks Help...
Malta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions
The Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations. Also read: Fidelity’s Cryptocurrency Arm Starts Offering...
How the World’s Leading Banks Help Launder $2 Trillion a Year
Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or at least willing to turn a blind eye. The following is a look at money laundering schemes used by...
Cointext Adds the Ability to Pay Bitpay Invoices Using SMS
Cointext, the cryptocurrency wallet that allows users to send bitcoin cash (BCH) by SMS, has been steadily adding regional support and so far has captured 42 countries. Now Cointext has added the ability to utilize the BIP70 protocol so users can pay Bitpay invoices using the wallet’s text messaging capabilities. Also read: Bitcoin Cash Fans Start ‘Torch Passing’ Ceremony With a Non-Divisible Token Cointext Now...
