Bitcoin 

How Accepting Cryptocurrency Could Save Businesses Money

If you’re like many, you’ve probably heard a lot about cryptocurrency in the past few years. It grows in popularity every day, and for businesses, it could save them money. When deciding if cryptocurrency will work for your business, you should also consider the pros and cons. For some companies, the integration will work well. For others, though, it may not yet be a wise investment. What is Cryptocurrency? Cryptocurrency is an internet-based form of money that uses blockchain technology and cryptographic properties to facilitate a transaction. It is a…

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Blockchain 

Libra Chief Praises Its Anti Money Laundering Standards

Libra Chief David Marcus has claimed that the Anti Money Laundering Standards of the underfire project are superior to any other payment networks on the market today. Libra Scrutiny Means Its On Track, Says Chief Marcus is the CEO of Calibra, the corresponding digital wallet of Libra, and previously served as president of PayPal and a member of the Board of Directors at Coinbase. Speaking at the Money 20/20 conference in Las Vegas, he said, “I want to say that the efficacy of sanction enforcing can be much higher on…

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Blockchain 

Bitfinex Denies Money Laundering as Crypto Capital President Arrested

Bitfinex has denied accusations of money laundering and claimed that it was a “victim of fraud” after the president of Crypto Capital was arrested in Greece yesterday. Ivan Manuel Molina Lee was arrested in Greece and extradited to the Polish capital of Warsaw yesterday, where he has been charged with being part of an international drug cartel and money-laundering operation that allegedly siphoned funds between South America and Europe. Crypto Capital has been described as a “shadow bank” at the center of a fraud investigation into Bitfinex and its sister…

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Blockchain 

Bestmixer.io Seized by Europol | Money Laundering

Europol indicated that on Wednesday the Dutch Fiscal Information and Investigation Service had seized Bestmixer.io which is a bitcoin transaction mixer. A statement from Europol referred to the action as the “first law enforcement action of its kind against such a cryptocurrency mixer service.” Europol, FIOD and Luxembourg Authorities Seize Bestmixer.io The operation that was carried out jointly by Europol, FIOD and Authorities in Luxembourg was started in June last year after Bestmixer services were flagged by Internet security firm McAfee. Following the crackdown, six servers were seized in Luxembourg…

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Blockchain 

Inevitable Future of Money | Malta Prime Minister Talks Crypto

According to the Maltese Prime Minister, Joseph Muscat, cryptocurrency is the “inevitable future of money.” The country has never shied away from embracing crypto and its underlining technology—the blockchain. According to the Prime Minister, it is this technology which allows the future of money to be more transparent. The Inevitable Future of Money Muscat believes that using blockchain will filter “good business from bad business,” but that’s only the beginning. He believes “distributed ledgers can do much more.” The Prime Minister addressed the 73rd Session of the General Assembly of the UN on September…

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