Fincen news-Page 8
Cryptos See Widespread Green, But Total Market Cap Remains Close to 3-Month Low
August 12: Crypto markets are seeing solid gains today in a fresh attempt at recovery following recent losses. Bitcoin (BTC) dominance –– or the percentage of total crypto market cap that is Bitcoin’s –– is continuing to see a 2018 record-high percentage, at close to 50.9 percent. After the leading coin decoupled from the wider market yesterday –– holding its gains while other cryptos floundered –– healthy growth has today been distributed across virtually all of the major cryptocurrencies, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,310 at press time, up a strong …
Bitcoin / Aug. 12, 2018
Poloniex Is Officially in Trouble After Ignoring Dozens of Complaining Customers
On July 25, the Department of Justice (DoJ) showed its interest in Poloniex — a Delaware-based cryptocurrency exchange platform — in a rather unexpected fashion: Chief Special Investigator of the Investor Protection Unit (IPU) Craig Weldon emailed a number of Poloniex users, asking them to respond if they have any difficulties with their account. The request wasn’t unjustified as, over the past few months, the exchange’s social media and support center accounts have been besieged by users who have been locked out of their accounts. Now, the DoJ has reached out to Delaware-based investors for further action. Brief introduction to …
Blockchain / July 27, 2018
FinCEN Examinations of Digital Currency Businesses ‘Will Drive Innovation Overseas'
The United States' Financial Crimes Enforcement Network (FinCEN) has announced it is working to investigate a string of digital currency businesses, assessing whether they meet financial regulations for the sector. Announcing the bureau's latest activity was director Jennifer Calvery, speaking at the West Coast AML (Anti Money Laundering) Forum in San Francisco May 6. The three-day event is a chance for federal and state regulators to meet with the government's investigative agencies and other qualified consultants. In her opening speech to the forum Calvery gave top billing to her department’s efforts to investigate potential regulatory violations in the virtual currency …
Blockchain / May 7, 2015