The Texas State Securities Board (TSSB) has issued cease and desist orders against 15 fraudulent investment scams, including crypto operations, 10 of which belong to just one man. The TSSB has moved to reign in the actions of serial scammer James Blundell who is selling illegal access to cryptocurrency investment scams through social media, backed up by forged documentation.
Following the resolution of the Bitfinex/Tether case last week, the cryptocurrency world breathed a collective sigh of relief now that the ‘Tether FUD’ was over (despite it not being FUD at all). As part of the settlement, which saw Tether’s parent company iFinex agreeing to pay an $18.5 million penalty in return for concluding the case, Tether must submit quarterly filings to the Office of the Attorney General (OAG) to show that every one of its USDT tokens is backed. However, the fact that they have been either unable or unwilling to provide such information at any point since the first USDT token was minted in 2014 suggests that this process may not be as easy as the community thinks, and that the threat of a Tether collapse may not be over after all.
Read the full article at FullyCrypto: https://fullycrypto.com/the-tether-battle-is-over-but-the-war-lies-ahead
China has increased the magnitude of its digital yuan trials by announcing a pilot program in Shenzhen that will see 50,000 recipients receive an airdrop of 10 million yuan in the new currency that they can use at participating merchants. The news comes a week after the government announced that 10,000 toy vending machines in Beijing would be upgraded and rolled out to accept the digital yuan, and marks the speed at which the country is pressing ahead with its plans.
Read the full article at FullyCrypto: https://fullycrypto.com/digital-yuan-airdrop-for-shenzhen-residents
Mark invites Arthur van Pelt back onto the show to discuss the latest antics in the running sore that is Craig Wright
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The services offered by traditional banks could be rendered obsolete by decentralized finance (DeFi) according to Brian Brooks, the acting U.S. Comptroller of the Currency. Speaking earlier this week at DC Fintech Week, Brooks compared the threat that DeFi poses to traditional banking with the threat that email presented to the postal service in the 1990s and claimed that the “central ledger keeper” role that banks play would eventually be made redundant.
Read the full article at FullyCrypto: https://fullycrypto.com/defi-will-usurp-legacy-banking-says-u-s-currency-chief
Privacy coins could be banned from South Korean exchanges next year following a directive from the country’s financial regulator. The Financial Services Commission (FSC) issued the call in an update to the country’s Special Payment Act, the regulation that specifically covers cryptocurrencies, in which it referenced “dark coins” in particular, stating that the authority planned to ban exchanges from handling them as they aided money laundering.
Read the full article at FullyCrypto: https://fullycrypto.com/privacy-coins-could-be-banned-in-south-korea-in-2021
Microsoft last week identified a new malware that could steal the contents of cryptocurrency wallets on Windows machines. Called Anubis, the malware is not related to the Android malware of the same name that appeared in 2018, and for now appears to have a narrow and specific range of targets, although the new Anubis malware could be used for more widespread attacks in the future.
Read the full article at FullyCrypto: https://fullycrypto.com/new-anubis-malware-could-steal-your-crypto
Bitcoin dominance has fallen through a three-year uptrend, resulting in a further huge push from alts. The trendline, which has been in play ever since the end of the January 2018 alt season, has been a dependable place for Bitcoin dominance to bounce following alt rallies, but it appears that the current alt rally has been too strong. It is now sitting at a critical support level, and a Bitcoin bounce in the near future would echo past performance, although a further drop to the low 50s is not out of the question.
Read the full article at FullyCrypto: https://fullycrypto.com/bitcoin-dominance-breaks-three-year-uptrend-as-alts-rally
Mt. Gox trustee Nobuaki Kobayashi gave victims of the 2014 hack an unexpected Christmas present last year when he announced that the Mt. Gox rehabilitation plan, which has been the subject of perpetual delays since the first deadline was missed in February 2019, had finally been agreed to and was being sent to the Tokyo District Court. This good news was augmented on Friday by news that another major stumbling block had been cleared in the shape of Coinlab’s approval, so where does this leave the Mt. Gox rehabilitation process?
Read the full article at FullyCrypto: https://fullycrypto.com/mt-gox-rehabilitation-payout-within-touching-distance
In a day and age where people want quick, easy and KYC-free access to crypto exchanges, it comes as quite a shock when you discover that you can actually buy your own crypto exchange for less than $1,000. It might only be $1 less, but for the price of $999, you can get your hands on your very own crypto exchange, putting you in control of your user’s cryptocurrency assets.
Read the full article at FullyCrypto: https://fullycrypto.com/you-can-buy-your-own-crypto-exchange-for-999