Acclaimed British actress Kate Winslet has become yet another celebrity victim of crypto frauds, as her image was maliciously used, outside her knowledge to promote a crypto trading platform. While she has lashed out at the scammers as soon as her team learned about the scam, the damage it does to the general investors is considerable.
Cryptocurrencies, especially Bitcoins, are the most volatile, yet high returning investment assets, and are the central part of several rags to riches stories. However, the darker side of crypto has caused losses amounting to billions of dollars to the general public. Scam, hacks, cyber-attacks, cheats, etc., crypto crimes seem to grow by [...]
It is pretty fair to say that when people think of regulatory bodies and governments in the crypto industry it not normally positive.
This time a leading UK lawyer Martin Bartlam, a partner at DLA Piper and one of the world’s leading legal experts in financial technology, says that the UK’s track record on cryptocurrencies had been “incredibly positive.”
“It’s almost hardest to see what [the UK’s] done, but in a way that is the beauty of it,” said Bartlam. “They’ve not made it more complicated, there’s no additional compliance or analysis that you need to do,”
“They’ve really kind of created an opportunity for people to do [...]
Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world.Facebook Crypto Angst Escalates
In the two months following the social media giant’s announcement of its crypto ambitions to become effectively the world’s largest bank, the pressure against it has mounted. According to reports, data protection and privacy authorities in the US, UK, EU, Canada, and Australia have issued a joint statement sharing concerns about Facebook’s foray into digital [...]
Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML). The development was announced in a press release shared with Cointelegraph on Aug. 2.Making the crypto world more transparent
Having developed a data set of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion, Elliptic claims it to be the largest set of labeled transaction data publicly available in any digital currency in the world.
According to the announcement, the product is designed to help users more efficiently identify illicit transactions, as well as [...]