U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money. He also admitted that “digital assets were not even a popular tool for Hamas or the Palestinian Islamic Jihad” and “Hamas is using crypto in relatively small […]
Hacken Links Ripple Chairman Hack to XRP Official Wallet
Following an investigation into the hack of Ripple co-founder Chris Larsen’s personal wallets, Hacken has discovered links to XRP’s authorized wallets. Hacken Investigation Traces Chris Larsen’s Stolen XRP Back to Official Wallets Blockchain security firm Hacken has disclosed connections between the recent $ 112.5 million hack of Ripple co-founder and chairman Chris Larsen’s personal …
Former SEC Official: Crypto Holds the Key to 2024 US Presidential Election
The U.S. Securities and Exchange Commission’s former head of internet enforcement has explained that crypto holds the key to the 2024 U.S. presidential election. He stressed that every U.S. presidential candidate should immediately appoint an internal Crypto Czar. “The stark reality is that above all else, people have always voted with their wallets,” he emphasized. […]
Australian Government Official to Question Regulator Over Its Failure to Warn Crypto Investors
The Australian government’s assistant treasurer, Stephen Jones, has stated his intention to query the country’s securities regulator over its failure to warn investors about the risks of investing in the now-collapsed crypto investment firm Hyperverse. Jones stated that a “bunch” of Australians had invested in the scheme whose only source of income was the money […]
Former SEC Official Blasts Spot Bitcoin ETFs as Recipe for ‘Financial Ruin’
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned about investing in spot bitcoin exchange-traded funds (ETFs), which the SEC is expected to approve on Wednesday. He cautioned that spot bitcoin applicants are “nothing more than an opportunistic cartel of fee-sucking billionaire financial behemoths who have the audacity to design and […]