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Criminals in Europe are laundering $5.5 billion of illegal cash through cryptocurrency, according to ... Using his 4% estimate for the amount funnelled via cryptocurrency gives a figure of £4 billion, or $5.5 billion. In an interview with the BBC, Wainwright said police find it harder to stop illicit cryptocurrency transfers because they have no way to freeze crypto wallets in the way they could freeze a bank ...
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Cryptocurrency startup LoopX pulls exit scam after raising $4.5M in ICO Another day, another exit scam: an emerging cryptocurrency startup more commonly known as LoopX has suddenly vanished out of thin air along with millions worth of its investors' savings. The sketchy investment platform, which promised to earn backers' money with its proprietary trading algorithm, ...
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Cryptocurrency Regulation 'Inevitable,' Says IMF Chief Christine Lagarde The head of the International Monetary Fund (IMF) says that cryptocurrency regulation is "inevitable" due to the nascent technology's utility as a tool that criminals can use to perpetrate illicit activities. Speaking in an interview with CNN Money at the World Government Summit in Dubai on Sunday, ...
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Property Coin is a new cryptocurrency token backed by real estate The most similar cryptocurrency the pair found in their research was Tether, also backed by real-world assets: U.S. dollars. Property Coin's cofounders hope that similarity won't derail their project, since Tether has faced scrutiny from U.S. regulators, and plan to publish monthly investor reports to keep ...
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BitGrail Cryptocurrency Takes A Massive Loss According to The Wall Street Journal, Italian cryptocurrency exchange BitGrail has lost about 17 million Nano tokens. In total, the stolen tokens were worth $170 million. BitGrail made the announcement on its website. It said that it had lost about $170 million due to fraudulent transactions. It has already ...
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