Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of the nation’s AML regulations....
Video Shows How Easy It Is to Double Spend BTC Using RBF
On December 18, the web portal Bitcoinbch.com published an informal notice explaining that merchants accepting BTC should switch to BCH because of “dangerous flaws” found in the BTC software. The problem is tied to slow confirmation times tethered to a BTC-based protocol called Replace-by-Fee (RBF), which gives individuals the opportunity to double spend on merchants. Bitcoinbch.com CEO Hayden Otto performed double spends...
Erisx Launches Regulated Bitcoin Futures Market
Crypto trading platform Erisx has launched a bitcoin futures market regulated by the U.S. Commodity Futures Trading Commission (CFTC). Its physically settled bitcoin futures contracts trade alongside its spot market which supports four cryptocurrencies. Erisx has obtained a license from the U.S. Financial Crimes Enforcement Network (FinCEN) and is currently approved to operate in 44 states, with a plan to expand to 53 states and U.S....
Documentary Detailing How “Geniuses Steal” Hit With Blurred Lines Copyright Complaint
The phrase declaring that there is “nothing new under the sun” is well known. At least in part, it suggests that everything we say, do, or create is copied from the people or material we learn from, after being processed through the intricacies of our own experiences. This ‘human remix’ theory is the premise of a new documentary series produced by Copy-Me.org, a group that was featured on the main page of The...
Cox Wants Judge, Not Jury, to Rule on Crucial Piracy Liability Questions
Regular Internet providers are being put under increasing pressure for not doing enough to curb copyright infringement. Music rights company BMG got the ball rolling a few years ago when it won its piracy liability lawsuit against Cox Communications. The ISP eventually agreed to pay millions of dollars in damages, but that didn’t end the troubles. Last year a group of RIAA labels filed a similar piracy liability suit which is...
