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Tag Archives: money

The $234 Billion Money Laundering Case at Danske Bank’s Impossible in Bitcoin

This week, Danish publications reported that Danske Bank CEO has resigned amidst allegations of potential money laundering hundreds of billions of dollars, an amount that is equivalent to the market cap of crypto. When billions or dollars are involved, history has it that banks can’t resist the urge to “inject” the money into the system, regardless of the source. As ...

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Is Bitcoin Really Money? A Look Into What Qualifies As Money

Recently, a conversation between friends about cryptocurrency, its viability, and its reality in today’s world was held. One side was in favor of crypto and the future it holds, while the other side believed “Bitcoin” (because all cryptocurrency is Bitcoin to those who know little or nothing about cryptocurrency) is a scam, fake, and not worth thinking about let alone ...

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Dubai Police Warns Against Crypto Scams, Predicts Electronic Money Will Replace Cash

Dubai Police currently investigating a Dh 300 million ($81.7 million) international fraud case have issued a warning about the potential role of digital assets in terms of facilitating crime in the UAE. Speaking at a forum on Sunday September 16, Major-General Khalil Ibrahim Al Mansouri, assistant-commander of criminal investigation department (CID) at the Dubai Police warned that a lack of awareness ...

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Friends = Money?! Earn Free BMX with BitMart Exchange!

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. BitMart, ...

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HSBC Whistleblower Who Exposed Money Launderers, Tax Evaders Turns Crypto Promoter

A whistleblower who leaked data exposed tax-evading and money-laundering clients at the multinational financial institution he worked in has just given the finger to the banks once again by lending his efforts to increasing cryptocurrency awareness. Herve Falciani, the former computer systems analyst at banking giant HSBC, is now promoting a cryptocurrency known as Taboow, according to Bloomberg. The anti-fraud ...

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Terrorists Not Having Much Luck Raising Money Through Cryptos, Fiat Still The Most Preferred

Remember when crypto skeptics said that cryptos would replace fiat currencies as the preferred funding method for terrorists? It turns out they were wrong, at least for now. According to witnesses who testified before the U.S Congress Subcommittee on Terrorism and Illicit Finance, crypto hasn’t taken root as the go-to financing method for terrorist groups who still prefer to use ...

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Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee September 7. In order to monitor threats and methods of terrorist financing, the hearing considered major means of transferring funds by terrorists, including traditional financial institutions and ...

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Terrorists Turn Away From Crypto, Criminal Money Argument No Longer Relevant

Foreign terrorist groups such as Isis and al-Qaeda have failed at repeatedly trying to raise money to fund their criminal operations using crypto, according to a testimony made today at a House Financial Services Committee hearing. Crypto Is Terrible For Terrorists, Cold Hard Cash is King While speaking in front of Congress today at a House Financial Services Committee hearing, ...

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$112 Billion Korean Money Manager Asks for Goldman Sachs’ Crypto Experts

Korea Post, South Korea’s national postal service operator which also oversees a $112 billion investment fund has sought Goldman Sachs’ assistance in learning about cryptocurrencies. Korea Post will meet the executives from the Goldman Sachs’ crypto research group in Hong Kong this month, Bloomberg reported. The congregation would see an educated round up between the South Korean company with its ...

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Thai Money Laundering Watchdog Looks to Tackle Crypto-Related Crimes

Thailand’s Anti-Money Laundering Office (AMLO) is considering creating its own digital wallet to investigate crypto-related cybercrime, local news outlet The Nation wrote Monday, September 3. The matter was discussed at a local seminar cryptocurrency crime within the current legal system. According to Witthaya Neetitham, secretary for AMLO, the regulator wants to adapt to the new technology by making it possibly ...

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