The global digital financial system to be monitored by cybercrime task force
Transnational cybercrimes in the financial industry are rising and the regulators are extremely worried about such threats.
Transactional cybercrime is surging in the US and in particular they are targeting the financial section.
A shocking case is the one about Bob Brockman, a tech billionaire who has evaded $2 billion in taxes via encrypted devices and code words in order to keep his wire fraud, tax fraud and money laundering covered under a foreigner network and bank accounts which by itself accounts for 6.4% of the US annual deficit which had already been weakened by the COVID-19 pandemic.
Cyber Fraud Task Force (CFTF) which is the result of merging Electronic Crimes Task Force with Financial Crimes Task Force.
William Barr, who is a US attorney General, expressed his concerns in a lengthy report in the US department of justice over the cybercrimes and the fact that terrorists have begun using cryptocurrency which can vastly undermine the US and its allies endeavor to stop terrorists from receiving financial support.
This report came in when the US department of Justice and Commodity Futures Trading Commission had found Bitmex guilty and announced criminal charges against directors and all other people related to BitMEX.
Visa partners will be able to settle fiat transactions with crypto
USDC can be exchanged over the payment network to pay for the transactions made in fiat by Visa partners. ...
MAR 29, 2021
Clean energy Bitcoin mining pool with Argo Blockchain
Argo has teamed up with DMG blockchain and a new Bitcoin mining pool will be up and running which is powered by hydroelectric energy. ...
MAR 26, 2021
layer-two scaling is the solution offered by Double jump.tokyo for NFTs
Gods Unchained will have its alpha release launched this month which will be available to double jump.tokyo (DJT) and multiple other developers. ...
MAR 25, 2021
Vitalik Butrin criticizes how NFT is being used to makes celebrities richer
Mr. Butrin is of the idea that helping people like Elon Musk to make a profit through NFT (Non-fungible tokens) market is not using it in a proper way, yet he t ...
MAR 24, 2021