Coinbase allegedly provides customer geo-location data to ICE
According to a recent allegation, cryptocurrency exchange Coinbase has given Immigrations and Customs Enforcement (ICE) personnel a “suite of services” for following its client’s geo-location data and transactions. The report claims that ICE has been given access to Coinbase Tracer, an intelligence-gathering tool that offers a range of forensic data tracking capabilities. An administrative division […]
CFTC charges South African national in $1.7B Bitcoin fraud case
In its “biggest fraudulent scheme employing Bitcoin,” the United States Commodity Futures Trading Commission, or CFTC, has launched enforcement action against a South African resident. The CFTC announced on Thursday that it has brought a civil enforcement action for fraud and registration breaches against Cornelius Johannes Steynberg in federal court. The South African national is […]
FTX to finalize BlockFi deal for just $25 million
FTX is reportedly about to finalize a deal to buy insolvent lender BlockFi for just $25 million amid a crash FTX to finalize BlockFi deal According to a CNBC story, cryptocurrency behemoth FTX is about to finalize a deal to buy insolvent lender BlockFi for just $25 million. In comparison to the $5 billion valuations […]
Bitcoin (BTC) Recovers From $18,000 Range, Now Back At $19,000
Bitcoin (BTC) briefly broke into the $18,000 range before slightly recovering back to the $19,000 mark as the crypto market remains unstable Bitcoin is Red On the cryptocurrency market, Bitcoin is performing poorly for the fifth day in a row, losing over 12% of its value in a week, which caused a plunge below $19,000—a […]
Basel Committee recommends banks limit digital assets exposure to 1% of equity
The Basel Committee on Banking Supervision recommended that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their Tier 1 capital during its second consultation on the prudential regulation of crypto-asset exposures. Group 1 digital assets are either traditional assets that have been tokenized, like synthetic stocks, or those that […]