Wednesday, December 25

Tag: cryptocurrency

Terror Financing: Where Does Hamas Get Its Money
16Oct By Patti MohrNo Comments
Corruption, Bribes, Illicit Finance & Money Laundering, Foreign Aid, International Development, Types of News: Brief

Terror Financing: Where Does Hamas Get Its Money

October 16, 2023—Since 2007, Israel has imposed an air, land, and sea blockade of the Gaza Strip. But that hasn't stopped the Hamas from getting access to hundreds of millions of dollars. The terrorist organization and governing body of Gaza has access to a global financing network connected with countries, businesses, and charities, according to reporting by Reuters. Now, in the aftermath of the Hamas attack on Israel, those lines of finance will come under greater scrutiny by governments, international organizations, and banks. Crypto, Credit, and Trade Reuters reported that Hamas receives support from Iran and Qatar as well as charities. Furthermore, it exchanges money with cryptocurrencies, credit cards, and trade deals to avoid international restrictions. Earlier this y...
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Crypto Exchange ‘Bitzlato’ Processed $700M In Illicit Funds, DOJ Says
19Jan By Patti MohrNo Comments
Corruption, Bribes, Illicit Finance & Money Laundering, Types of News: Brief

Crypto Exchange ‘Bitzlato’ Processed $700M In Illicit Funds, DOJ Says

U.S. Attorney's Office for Eastern District of New York held a press conference on January 18, 2023 January 19, 2023—The U.S. Justice Department arrested and charged the operator of Bitzlato, a Hong Kong-registered cryptocurrency exchange that conducted a substantial amount of business with U.S.-based customers. Anatoly Legkodymov is a Russian national and senior executive of the exchange. On Wednesday, law enforcement officials in Miami, Florida arrested him and scheduled his arraignment for that afternoon in the U.S. District Court for the Southern District of Florida. The crackdown is a sign that federal investigators have stronger tools at their disposal in targeting money laundering and illicit crypto networks. A Crypto Exchange For Crooks, Traffickers, And Addicts The...
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Has The Crypto Boat Sailed?
7Apr By Jesús CedeñoNo Comments
Cryptocurrency, Types of News: Analysis

Has The Crypto Boat Sailed?

Assessing The Rise, Fall And Rise Again Of Bitcoin And Other Cryptocurrencies Finance writer Jesús Cedeño analyzes cryptocurrencies from an investing viewpoint. He looks at their exponential growth, assesses why they are popular, and discusses possible scenarios. All viewpoints are his own and do not necessarily reflect the views and positions of the Global Economic Report. Neither the writer nor Mohr Media’s GER website is responsible for readers’ investment decisions. April 7, 2022—Bitcoin, the first successful implementation of a blockchain, was launched in 2009. The first real-world transaction using Bitcoin happened in 2010. It involved two pizzas for a cost of 10,000 BTCs. At the time, those ten thousand bitcoins were worth about 40 USD. By 2012, 1 bitcoin was worth around 5 US...
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Blockchains 101: A Beginner’s Guide To What They Are And How They Work
6Jan By Jesús CedeñoNo Comments
Big Tech, Digital Economy, Cryptocurrency, Types of News: Analysis

Blockchains 101: A Beginner’s Guide To What They Are And How They Work

A Look At One Of The Most Revolutionary And Disruptive New Technologies By Jesús Cedeño The words blockchain and cryptocurrency are becoming increasingly familiar. It seems like they’re mentioned on the news almost every day, generally speaking about Bitcoin. Since some articles talk about the bitcoin blockchain and some about the bitcoin cryptocurrency, a lot of people think the two words are synonyms. However, that’s not true. Those words refer to two different, albeit related concepts. Blockchains are the technology that makes cryptocurrencies possible. And, when push comes to shove, they are just very sophisticated and secure ledgers. In this article, we’ll be taking a look at blockchains to find out what they are, how they work, and why there’s so much fuss about them. Blockc...
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El Salvador’s Big Bitcoin Experiment
23Sep By Ernesto RodriguezNo Comments
Cryptocurrency, Domestic Politics, Types of News: Analysis

El Salvador’s Big Bitcoin Experiment

Photo: Diario Libre Will It Be A Win-Win For Country And Currency? Editor's Note: In June, the World Bank rejected El Salvador's request for help in implementing Bitcoin as the country's legal tender. But that didn't stop El Salvador's ambitious leader, President Nayib Bukele, from making the cryptocurrency the country's national currency. Corresponding writer Ernesto Rodriguez examines the prospects for the country and currency in this report. September 23, 2021—It’s been a few years since cryptocurrency, and especially Bitcoins, appeared as a new exciting prospect in the world of economics. Since then, it has become an important part of the economic conversation, with some people worried about the lack of transparency they represent and others praising the freedom they see in a ...
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Regulation Needed for $2 Trillion Cryptocurrency Market, SEC Chair Says
1Sep By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Finance, Investing, Types of News: Videos

Regulation Needed for $2 Trillion Cryptocurrency Market, SEC Chair Says

Asset Class Lacks Protections, Leaving Investors Vulnerable September 1, 2021--Cryptocurrency platforms that provide direct access to millions of people leave investors "vulnerable" and are "rife with fraud, scams, and abuse," according to Gary Gensler, chairman of the U.S. Securities and Exchange Commission. Need for Public Policy Speaking by videoconference to the European Parliament Committee on Economic and Monetary Affairs, Gensler warned that "financial innovations throughout history don’t long thrive outside of public policy frameworks." Gensler is not the first public official to warn about the inherent dangers of investing in cryptocurrencies. Policymakers are increasingly taking an interest. The Bank for International Settlements warned about the rapid rise of virtua...
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Government Regulators Raise Alarms on Virtual Currencies
18Feb By Patti MohrNo Comments
Big Tech, Digital Economy, Cryptocurrency, Types of News: Brief

Government Regulators Raise Alarms on Virtual Currencies

As virtual currencies like Bitcoin, Ethereum and Ripple rise in use and value, government regulators around the world are paying closer attention, issuing consumer warnings, and are looking for ways to regulate them. The international nature of virtual currencies, also called cryptocurrencies, allows them to operate outside the reach of national governments. But increasingly, regulators are considering ways to oversee the exchanges or, in some cases, ban them. The Rise and the Risk Cryptocurrencies are gaining in popularity and in dollar terms. The combined value of cryptocurrencies reached $800 billion earlier this year before falling down to $433 billion. In the past five years, Bitcoin's value alone rose from $5 billion in 2013 to $115 billion in 2018. Observers say the wild flu...
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