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Cryptocurrency

Report: Cryptocurrency crime losses more than double to $4.5 billion in 2019

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.
The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

Wealthy Nigerians on edge over NFIU searchlight

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.

HTC partners with Bitcoin.com to support cryptocurrency smartphone Exodus 1

HTC and Bitcoin.com have teamed up to help HTC’s flagship Exodus 1 smartphone drive cryptocurrency trading and usage.
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.

France will block development of Facebook Libra cryptocurrency

France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
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’s Libra currency ‘could undermine ECB’ – official

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.
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.

EU antitrust regulators have Facebook’s Libra currency in sights

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.
Facebook more than doubled the money it spent on Chief Executive Officer Mark Zuckerberg's security in 2018 to $22.6 million, a regulatory filing showed on Friday.

Facebook to create a privacy panel as part of $5 billion FTC settlement

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.

Libra scams are already proliferating on Facebook

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.
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 tells US Congress how it thinks its cryptocurrency Libra should be regulated

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.
French President Emmanuel Macron delivers his speech to honor Japan’s architect Arata Isozaki at the Elysee Palace in Paris on May 24, 2019. Isozaki is the laureate of the 2019 Pritzker architecture prize.-br --Francois Mori - POOL - AP - AFP

France sets up task force to deal with Facebook’s cryptocurrency

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.

France responds to Facebook’s Libra with new cryptocurrency task force

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.
Calibra Digital Wallet

Facebook announces Libra cryptocurrency and Calibra digital wallet

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

Report: Facebook’s new cryptocurrency may launch this month

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.

Two Nigerians indicted in US over bitcoin scam

Two Nigerians are in trouble in the United States after being indicted by prosecutors for running a fraudulent bitcoin investment scheme.
Zain Qaiser, a 24-year old student from London, has been jailed for six years and five months for his role in a porn ransomware attack,

Prolific porn ransomware operator jailed for more than six years in UK

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.
bitcoin

China to ban bitcoin mining

China’s state planner wants to ban bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.
bitcoin

Cryptocurrency trader dies with password to £110m clients’ investments

Canada’s leading cryptocurrency exchange company has said it cannot repay $190m (£110m) to clients because its founder died with their passwords.

Cryptocurrency: Federal government raises concern over terrorist financing, money laundering

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.

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President Buhari grants amnesty to 2,600 prisoners nationwide

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L - R Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila; and the President of the Senate, Senator Ahmad Lawan at a meeting on Tuesday between the leadership of the National Assembly and the Ministry of Humanitarian Affairs, Disaster Management and Social Development.

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