A petition has been submitted to the European Parliament, asking to implement a scheme to compensate crypto-related victims. The crimes mentioned in the petition 0421/2020 include fraud, piracy, and extortion. Petition’s Author Represents Victims in the Bitsane Alleged Scam Case According to the author, lawyer Jonathan Levy, the petition asks the bloc to implement a series of regulatory schemes to “compensate victims” of crypto-related crime activities. He pointed out that, to date, “no crypto asset funding has been set aside to compensate …
Category: Blockchain
A young lady went to interview Bill Gates, one of the wealthiest people on the planet. She asked him, “Mr Gates, what’s the secret of your success?” Bill Gates thought for a brief moment and then went to his drawer and whipped out his checkbook. He told her to write down any amount she wanted. Awkwardly, she looked around and said, rather shyly, “This is not what I meant, sir”, and then tried to ask the same question in a …
Should I invest in gold or bitcoin if I plan to profit in 20-25 years? If you can see this before 2025, you are not too late. Bitcoin is still cheap. The bitcoin market cap presently is 199.62 billion while that of Gold is 9 trillion. You will agree with me that Bitcoin is Gold 2.0, bitcoin from its inception have overtook Gold as the fastest growing investment and I can assure you, Bitcoin is going to do better than …
The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US SEC Chairman Jay Clayton explained how the U.S. government is regulating bitcoin during an interview with CNBC Squawk Box on Thursday. He began by responding to a comment made by JPMorgan CEO Jamie …
Bitveno is proud to announce the launch of the first ERISA compliant employer-sponsored 401(k) plans with Bitcoin. As the first licensed Registered Investment Advisor for Bitcoin and Digital Assets, Bitveno will serve as a 3(38) Investment Advisor and plan fiduciary to all company sponsored 401(k) plans, and will be responsible for selecting, managing, monitoring, and benchmarking the investment offerings of the plan, reducing the risk and costs to employers. As the leader in regulated Investment Advisory and Wealth Management Services …
DoJ is suing for formal forfeiture of funds after tracking down the person holding them. The US government has seized more than $1bn worth of bitcoins connected to the shuttered darknet marketplace Silk Road and is suing for formal forfeiture of the funds. The case is the biggest cryptocurrency seizure in history, and explains why the bitcoins changed hands this week. Analysts had noticed the transfer on the public blockchain and speculated that it was either due to an …
The U.S. Central Intelligence Agency (CIA) is showing deep interest in crypto and blockchain as it rolls out a new research and development arm dubbed as CIA Labs. The CIA says its new in-house research and development hub is a chartered member of the Federal Laboratory Consortium of Technology Transfer – a nationwide organization of more than 300 federal labs, research centers, and agencies. Under the initiative, CIA Labs will be able to collaborate with experts across industries to conduct …
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