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Losses from cryptocurrency crime surged to 4.52 billion dollars in 2019, as insider theft soared even as hacking losses declined, according to a report from blockchain forensics company CipherTrace.
Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.
HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage.
France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
Widespread adoption of Facebook’s proposed “Libra” cryptocurrency could harm the European Central Bank’s ability to manage the eurozone economy and threaten the euro itself, a top official said Monday.
Regulators are reportedly concerned that the Libra currency could shut out rivals and create “competition restrictions” related to the use of information and consumer data. The EU is also examining the integration of Libra wallets into Facebook’s WhatsApp and Messenger services, according to Bloomberg.
The Federal Trade Commission is set to announce on Wednesday that Facebook has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
An investigation by The Washington Post has uncovered a dozen accounts, pages, and groups across Facebook and Instagram which misleadingly claim to be official hubs for Libra, Facebook’s proposed digital currency. In some cases these pages, which were only removed after WaPo reported them to Facebook, offered to sell Libra at a discount through third-party websites.
Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
France is creating a G7 task force to ensure that transnational crypto currencies like Facebook’s Libra are regulated to protect the economy and the consumer.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.
Facebook announced its cryptocurrency Libra and a global association of organizations that will govern it. And Facebook also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS and Android.
Facebook will announce a new cryptocurrency this month, according to a report by The Information. Facebook employees who work on the project, called Libra, can choose to be paid in the cryptocurrency token instead of hard cash, the report says. Previous reports have suggested that a global launch would happen next year.
Qaiser made at least £700,000 ($914,000) as a result of the scam, although the UK’s National Crime Agency (NCA) believes his actual earnings may have numbered in the millions.
Canada’s leading cryptocurrency exchange company has said it cannot repay $190m (£110m) to clients because its founder died with their passwords.
The Federal Government has raised serious concern over the gradual penetration of the country’s currency market by cryptocurrency, saying the development could facilitate possible terrorist financing and money laundering.
The University of Benin Teaching Hospital (UBTH) says the two COVID-19 patients receiving treatment at its facilities are fast recuperating.
Last week, organisers recommended rendering the season void, with the coronavirus pandemic having seen all but a handful of sporting competitions across the world put on hold.
Chairman, Presidential Taskforce, PTF, on Covid-19, Boss Mustapha, has said that all the resources gathered in the wake of the coronavirus pandemic will be...
President Muhammadu Buhari has granted amnesty to 2,600 prisons inmates in all the Correctional Centres in the country.
The leadership of the National Assembly has dismissed reports that it labelled the National Social Investment Programmes a failure, stressing that, its statement was directed at efforts during the lockdown.
US President Donald Trump has fired a fresh salvo at the World Health Organization, accusing its chief of siding with China and “politicising” the coronavirus pandemic while repeating his threat to freeze the UN agency’s funding.
The Delta State Government has set up mobile courts in the three senatorial districts of the state to prosecute violators of its Stay-at-Home order.
The colleagues of movie star Funke Akindele who was arrested and arraigned over violating the social distancing rule have expressed sympathy with her colleagues and called for leniency over the case in court.
Manchester United is prepared to go toe to toe against Real Madrid in the signing of £63m rated attacker Erling Braut Haaland.
Residents of Tamaje area in Sokoto has appealed to the management of Kaduna Electric Company (KAEDCO), to urgently restore light back into the community without further delay.