In a recent Senate hearing, JPMorgan Chase CEO Jamie Dimon called for a complete ban on digital currencies, including bitcoin, linking them to criminal activities. Dimon expressed concerns that terrorists, drug dealers, and rogue states could use cryptocurrencies as a means of finance. Despite his strong stance against crypto, Dimon’s bank is actively engaged in […]
JPMorgan CEO Jamie Dimon is facing backlash after his recent comments about Bitcoin and cryptocurrency. Dimon claimed that the “only true use case” for crypto is to facilitate crime, including drug trafficking, money laundering, and tax avoidance. However, critics were quick to point out the hypocrisy in Dimon’s statements, highlighting that JPMorgan has paid billions […]
JPMorgan CEO Jamie Dimon is facing backlash after his recent comments about Bitcoin and cryptocurrency. Dimon claimed that the “only true use case” for crypto is to facilitate crime, including drug trafficking, money laundering, and tax avoidance. However, critics were quick to point out the hypocrisy in Dimon’s statements, highlighting that JPMorgan has paid billions […]
IBM has introduced a new solution called IBM Hyper Protect Offline Signing Orchestrator (OSO) to enhance the security and efficiency of digital asset transactions, including cryptocurrencies. This offering aims to address vulnerabilities in current cold storage systems that store digital assets offline. Cold storage solutions often involve manual processes to authorize transactions, which can increase […]
IBM has introduced a new solution called IBM Hyper Protect Offline Signing Orchestrator (OSO) to enhance the security and efficiency of digital asset transactions, including cryptocurrencies. This offering aims to address vulnerabilities in current cold storage systems that store digital assets offline. Cold storage solutions often involve manual processes to authorize transactions, which can increase […]
Global policymakers are continuing to push for the development of central bank digital currencies (CBDCs), despite the risks and failures associated with them. In November, officials from organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) called for governments to accelerate CBDC development. However, critics argue that policymakers should […]
Global policymakers are continuing to push for the development of central bank digital currencies (CBDCs), despite the risks and failures associated with them. In November, officials from organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) called for governments to accelerate CBDC development. However, critics argue that policymakers should […]
Hong Kong’s Securities and Futures Commission (SFC) has taken action against two cryptocurrency websites, HongKongDAO and BitCuped, for regulatory violations. The SFC has blocked access to these websites and issued cease and desist letters to the operators. The websites were still accessible outside of Hong Kong at the time of the notice.The SFC specifically mentioned […]
Hong Kong’s Securities and Futures Commission (SFC) has taken action against two cryptocurrency websites, HongKongDAO and BitCuped, for regulatory violations. The SFC has blocked access to these websites and issued cease and desist letters to the operators. The websites were still accessible outside of Hong Kong at the time of the notice.The SFC specifically mentioned […]
Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, has pleaded guilty to operating an unlicensed money services business. In court, Legkodymov agreed to dissolve Bitzlato and forfeit $23 million in cryptocurrency. The exchange was allegedly used by criminals due to lax controls over illicit money transactions.Legkodymov was arrested in Miami during an international […]
