PYMNTS

NOVEMBER 28, 2018

The UK’s Financial Conduct Authority ( FCA ) revealed that it has launched investigations into 50 cryptocurrency companies over unlicensed operations. In fact, hundreds of crypto “experts” have emerged over the past 18 months, ready to get paid for spreading the word on any of the more than 2,000 cryptocurrencies currently on the market.

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PYMNTS

AUGUST 18, 2020

Early this year, Binance said it bolstered resources to take a more in-depth look at the possible ways in which so-called Bulletproof Exchangers were laundering money via the digital currency market. The firm indicated that Bulletproof Exchangers are renowned for lax anti-money laundering (AML) and know-your-customer (KYC) procedures.

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PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The filing comes days after the company revealed that it was expecting a lawsuit to be filed against it. “In

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PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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PYMNTS

AUGUST 3, 2016

Bitcoin appeals to many different people, including the nefarious ones that like the anonymity associated with digital currency. LexisNexis reportedly said it is partnering with Elliptic to create the new service that brings bank-grade control to transactions made in bitcoin. It will alert clients, including bitcoin exchanges and U.S.

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PYMNTS

AUGUST 26, 2019

The US Federal Trade Commission announced that the promoters of recruitment-based cryptocurrency schemes have been permanently banned from operating or participating in any multi-level marketing program. As part of their proposed settlements with the FTC, Dluca will pay $453,932, and Chandler will pay $31,000.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Bitcoin is like a [crypto] 101 version.

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PYMNTS

MAY 27, 2016

Gox bitcoin drama got a little more dramatic this week. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. Gox bitcoin.

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PYMNTS

FEBRUARY 27, 2019

JPMorgan Chase , aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. Earlier in February, JPMorgan became the first bank to create its own cryptocurrency aimed at settling transactions with clients of its wholesale payments operation.

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PYMNTS

DECEMBER 8, 2017

A cryptocurrency mining market in Slovenia, which lost millions in bitcoin in a Wednesday (Dec. The firm reported it had stopped its mining operations for approximately 24 hours as of Thursday (Dec. 7), halting its work as it tried to piece together just how it was hacked and how much bitcoin went missing.

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PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. The agency is looking to freeze at least $8 million of the $14.8

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PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., The price of bitcoin reached $607.31

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PYMNTS

APRIL 26, 2019

Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space. At a recent price of $5,092 as reported Friday (April 26), bitcoin is down from levels earlier in the week that topped $5,580.

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PYMNTS

APRIL 26, 2019

That revelation sent shares of bitcoin down close to 6 percent. Fortune noted that Merlin said the situation could result in the price of bitcoin falling to below $1,000 if the payment processor didn’t act quickly. Fortune noted that it’s not clear the impact this will have on the cryptocurrency market.

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PYMNTS

JULY 1, 2019

The potential to reshape society, to connect people in new and transparent ways, addressing the unique challenges of emerging markets, is within grasp.”. Ignatov is accused of a conspiracy to commit wire fraud, a crime that could see him serve a maximum of 20 years in jail.

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PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. Financial institutions currently control the international payments sector — anticipated to reach $2 trillion globally by 2025 — but startups will continue to crowd the market, taking 15 percent of banks’ revenues. Bank: Machine Learning Is Banks’ Best Bet Against Fraud.

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PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 billion in fraud and theft seen last year.

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PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. After a fashion. Might that be a good thing?

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PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

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PYMNTS

OCTOBER 31, 2019

As the only company in the industry providing “multiple banks under one roof,” BankLine currently supports cash vaults in more than 50 markets across the country, with access to more than 150 of them, according to a press release. But they don’t do it today – they don’t trust what the brands are saying.

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PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions.

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PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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PYMNTS

OCTOBER 5, 2020

McAfee allegedly marketed different ICOs on Twitter, purportedly posing as independent and neutral even though he received payment of over $23 million in digital assets for the marketing. And, in regard to digital currency, consumers might only be able to recoup money in the event of unauthorized transactions.

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PYMNTS

MARCH 15, 2020

The March 10 letter outlined nine items that the agency expects cryptocurrency companies to include it the plan, such as how operational disruptions would be handled and what is being done to protect its employees. . COVID-19 has already had adverse economic effects domestically and globally.

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PYMNTS

APRIL 5, 2019

The move represents the latest tie between cryptocurrencies and smartphones, according to a recent analysis from Best Bitcoin Exchange. Powered by an Android-based operating system called SirinOS, the ‘blockchain phone’ features a built-in cold storage wallet, dApps support and a token conversion service, among other functions.”.

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PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. Hard Fork reported that Matjaz Skorjanc, the co-founder of NiceHash, was reportedly taken into custody on Monday (Sept.

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PYMNTS

OCTOBER 19, 2020

The collaboration between StakeHound and DASH seeks to make and market a stakedDASH coin that “will become an essential bridge between DASH and Ethereum DeFi ecosystems,” according to the announcement, and which will be accessible on StakeHound to those who own DASH later in 2020. dollar, CoinDesk reported. However, CoinDesk notes that U.S.

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PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. SEC Chairman Jay Clayton told CNBC last month that “progress is being made” in crypto ETFs coming to market.

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PYMNTS

SEPTEMBER 11, 2019

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. In other news, researchers at An.Chain have published evidence of an alleged pump and dump manipulation involving the Chainlink (LINK) token.

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PYMNTS

JUNE 30, 2020

In other news, authorities in Spain have taken 33 individuals into custody who allegedly marketed illicit pharmaceuticals via the web and laundered at least some of their $3.37 The operation was conducted against two distinct groups of criminals. million profit in crypto, Coindesk reported.

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PYMNTS

JULY 16, 2020

High transaction success rates can indicate an efficient payments operation, but keeping them high is no easy feat. The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing. percent year-over-year growth in digital commerce in the first quarter of 2020.

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PYMNTS

NOVEMBER 28, 2019

We regret to inform you that Gladius Network LLC has ceased operations effective immediately and has filed for dissolution. Despite our best efforts, the company no longer has funds to continue operations. Securities and Exchange Commission (SEC) earlier this year for selling an unregistered security. “We

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PYMNTS

MARCH 16, 2018

The defendants allegedly promoted chain referral schemes that promised big rewards to participants who paid a small fee in bitcoin or Litecoin to enroll, according to a complaint by the Federal Trade Commission (FTC). Participants were led to believe that paying with more bitcoins could earn them bigger rewards.

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APRIL 6, 2018

According to news from The Wall Street Journal , citing South Korean prosecutors, officials detained Kim Ik-hwan, the chief executive of Coinnest — the country’s sixth-largest cryptocurrency exchange based on bitcoin trading volume — and the head of another bitcoin exchange that was not named.

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PYMNTS

DECEMBER 4, 2020

PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma). Regulatory hurdles still exist, but when PayPal announced that its 350 million users can transact with bitcoin and other cryptocurrencies, the game changed. New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free.

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PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. MN: My daily activities are split between current, in-market products and new emerging solutions. PYMNTS: What does a day in the life of a VP at Guardian Analytics look like?

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