Feds

Fed’s Bostic: Crypto, stablecoins an ‘space we can’t ignore’

A illustration of digital forex Bitcoin and U.S. One Greenback banknotes are seen in entrance of a inventory graph on this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photograph The fast growth of cryptocurrency and digital finance usually is “an space we can’t ignore,” Atlanta Federal Reserve President Raphael Bostic stated on Monday whereas pointing …

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Feds Looking out For EtherDelta Cryptocurrency Customers Victimized By Hacker Named ‘Psycho’ – CBS San Francisco

SAN FRANCISCO (CBSD SF) — Federal investigators are in search of extra victims of a pc hacker named ‘Psycho’ who allegedly broke into the EtherDelta trade in December of 2017 and stole a minimum of $1.4 million in cryptocurrency. Appearing United States Legal professional Stephanie M. Hinds stated Anthony Tyler Nashatka — who goes by …

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Meet Lael Brainard, the Fed’s CBDC Champion

Federal Reserve Governor Lael Brainard has been one among a handful of distinguished regulators addressing crypto over the previous 5 years, from warning regulators to concentrate to crypto in 2016 to addressing central financial institution digital currencies three years in the past to saying the Fed’s analysis right into a central financial institution digital foreign …

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Cryptocurrency scams spike as Bitcoin, Dogecoin, Shibu Inu are sought by buyers, feds say

Customers have misplaced greater than $80 million in cryptocurrency scams as extra buyers are being attentive to different investments corresponding to Bitcoin, Dogecoin and Shibu Inu, the Federal Commerce Fee (FTC) stated Monday. It’s a ten-fold improve over the identical interval the yr earlier than, the company stated. The FTC acquired practically 7,000 crypto-related complaints …

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Fed’s Vice Chair for Supervision Calls on Financial institution Regulators to Pay Extra Consideration to Cryptocurrency – Regulation Bitcoin Information

The Federal Reserve’s high supervisory official has referred to as on financial institution regulators to pay extra consideration to cryptocurrencies and stablecoins. His feedback adopted numerous main banks asserting that they are going to be providing merchandise based mostly on cryptocurrencies, notably bitcoin, to their shoppers. Financial institution Regulators Ought to Focus Extra on Cryptocurrency, …

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Feds arrest founding father of bitcoin ‘mixer’ they are saying laundered $335 million over ten years

The Division of Justice stated it has arrested a Russian-Swedish nationwide who allegedly operated a long-running cryptocurrency laundering website. Based on a information launch from the DOJ, Roman Sterlingov ran Bitcoin Fog, a cryptocurrency tumbler or “mixer”— which hides a cryptocurrency’s supply by mixing it with different funds. Bitcoin Fog gained “notoriety as a go-to …

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Fed’s Quarles: Financial institution supervisors do not get crypto

WASHINGTON— The Federal Reserve’s high supervisory official stated Thursday that financial institution regulators must be paying extra consideration to the rise of stablecoins and digital foreign money. The feedback from Fed Vice Chairman for Supervision Randal Quarles come at a time when a number of of the nation’s largest banks have reportedly began providing rich …

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