The War Vet, the Dating Site, and the Phone Call From Hell

Jared Johns found out too late that swapping messages with the pretty girl from a dating site would mean serious trouble. If only he had known who she really...

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Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
Dec17

Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year

According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines All Top 10 US Banks Have Unwittingly Processed...

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Mystery Surrounds DDoS Attacks That Have Downed the Darknet
Dec17

Mystery Surrounds DDoS Attacks That Have Downed the Darknet

If you’ve been struggling to access your favorite darknet market lately, you’re not alone. Ongoing DDoS attacks have rendered marketplaces, forums and other onion sites inaccessible for weeks. Speculation surrounds the attacks, with some blaming law enforcement and others attributing a DDoS war between rival markets. Also read: The Darknet Just Had One of Its Wildest Months Yet The Darknet Has a DDoS Problem If November...

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Poles Hit With Backdated Tax on Crypto Trades
Dec17

Poles Hit With Backdated Tax on Crypto Trades

Crypto traders in Poland have been unpleasantly surprised with a controversial tax they thought they wouldn’t have to pay. The Civil Law Transactions Tax (PCC) is applicable to digital asset trades conducted before the introduction of last year’s moratorium on its collection, the Polish tax administration recently clarified. The matter has been discussed on European level as well. Also read: European AML Directive Pushes...

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Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
Dec17

Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other notable regulatory developments in the crypto space. Also read: Regulatory Roundup – Bitcoin Futures Fund Approved, India’s...

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