Criminal Organizations Increasingly Turn to Cryptocurrencies: Report

organized crime, crime, cryptocurrency, btc,

Criminal organizations are more and more turning to cryptocurrencies, in accordance to an Italian anti-mafia police report, as we learn in our newest crypto information.

Mafia teams and legal organizations are more and more utilizing cryptocurrencies as assessed by the Italian Anti-Mafia Directorate, and a spokesman mentioned:

“All criminal organizations, including those of the Mafia type, are interested in using these tools for their business.”

Crypto is approaching $ 2 trillion, BTC, Bitcoin, Dollar, Filecoin

The DIA launched a report on organized crime in Italy for the primary six months of 2020 as the newest interval for which knowledge is obtainable. The DIA mentioned within the report:

“Ndrangheta, the most powerful and powerful criminal organization in the country, is becoming more and more suitable for modern tools like cryptocurrencies and the deep web.”

The report added that cryptocurrencies are used to pay for synthetic medicine like LSD and ecstasy, which had been a rising trade through the COVID-19 pandemic. This is not the primary time cryptocurrencies and the darkish internet have been used to facilitate crime, however in 2020 darkish internet suppliers are making extra money than ever earlier than. The Chainalysis report discovered that whereas the variety of darkish internet marketplaces is declining, their gross sales are rising through the ongoing COVID-19 pandemic:

“While the total sales of the darknet market exceeded the total sales of 2019, the total number of purchases and potential customers has also decreased significantly, although the remaining purchases are of higher value.”

Increasing revenue comes from cryptocurrencies resembling BTC, Litecoin, Bitcoin Cash and Tether. Ingo Fielder, co-founder of the Blockchain Research Lab, means that knowledge reveals that illicit crypto funding is changing into a haven for crafty criminals resembling mafia teams and organizations described by the DIA. Fiedler says:

“So far, solely probably the most demanding individuals have been in a position to cowl their tracks. This prevents small merchants from getting into the market and there’s a pure tendency for fewer however bigger merchants in these markets. “

Dark web tool for Bitcoin, BTC, antinalysis

As reported recently, dark web criminals have come up with a new tool to help them search for dirty bitcoins and how risky they are before attempting to cash in on the criminals’ hard earned coins. The anti-analysis tool makes all criminal blockchain analysis available to the public when dark web criminals launch it. However, according to Tom Robinson, the co-founder of Elliptic, this tool is not effective.

DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]

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Source: https://news.coincu.com/12133-criminal-organizations-increasingly-turn-to-cryptocurrencies-report/

Bitcoin, other cryptocurrencies a potential long-term investment, says Timmins financial advisor

TIMMINS –

Cryptocurrencies are continuing to gain mainstream attention, and a financial advisor in Timmins told CTV some northerners have been asking whether to invest.

Jason Gervais said with thousands of digital coins available now, he believes crypto is the future, though he adds that it’s a high-risk market.

People are able to purchase the actual coins through various online marketplaces, but Gervais suggests beginners start with looking at federally-regulated ‘exchange traded funds’ (ETFs) on the Toronto Stock Exchange that track the prices of the two most popular coins — Bitcoin and Ethereum.

“It is high-risk, but if people want to start investing in cryptocurrencies, there’s two of them that are now available on an actual trading platform,” Gervais said.

Investing in crypto ETFs is a safer option, he said, since purchasing the actual coins can open less-experienced people up to online theft.

Gervais wouldn’t suggest the market for people with goals like retirement, but he believes people thinking in the long-term may find it rewarding.Timmins resident Robert McColeman is fairly deep in the crypto market, having invested in several coins. He said with countries and banks now looking into digital currencies and the technology that powers them, it’s exciting to specify late about the future of crypto.

“Right now, all of us regular people are trying to guess which (coin) is going to be the winner or if it’s going to be involved in the future,” McColeman said.

The prices of cryptocurrencies can fluctuate quickly and drastically, making it an unreliable form of payment for goods and services, said Gervais, making it primarily an investment opportunity.

He would advise strongly against pouring your life savings into crypto, but Ryan Rheault claims he was able to quit his job thanks to investing in digital currency.

Rheault said he’s involved in a community of other crypto investors and offers advice to others looking to get started, saying it’s been a fulfilling journey for him.

“It’s been life-changing,” Rheault said. “It’s given me so many rewards and so many achievements in life that I never thought. Like I was working at Detour (Mine) for the longest time, I never thought I could get out of work.”

That said, the idea of cryptocurrencies is not for everyone and some northerners are content with leaving the emerging market alone.

That’s the case for Timmins resident Jason Mark, who said some of his friends invest in crypto, but he doesn’t feel the need to explore it.

“I just kind of stick with the cash that I can see, rather than this online stuff,” Mark said.

Investors like Taran Bassan said starting small and slow through online trading platforms like Wealthsimple and Robinhood can allow people to test the cryptocurrency waters and see if it’s for them.

That’s how she got her start, she said.

“I think I only put a hundred dollars in the first time around and just kind of played around with it,” Bassan said. “I think that’s how everybody should start off, just playing around with it.”

Gervais notes that he normally doesn’t recommend investing in cryptocurrency to his clients, mainly consisting of seniors.

But for people who have the time and are willing to spare the money, he advises that people only invest what they are willing to lose.

“(Crypto is) not going anywhere, I’m a believer in it, but it’s definitely volatile,” Gervais said.

Source: https://northernontario.ctvnews.ca/bitcoin-other-cryptocurrencies-a-solid-long-term-investment-says-timmins-financial-advisor-1.5556229

Japan Inc wants to become a hydrogen superpower

IN 2016 TOKYO’S then governor, Masuzoe Yoichi, predicted that the Olympics the Japanese capital was to host in 2020 would “leave a hydrogen society as its legacy”, just as the 1964 Tokyo games left the Shinkansen bullet trains. Later that year Mr Masuzoe resigned over an expenses scandal. But as Tokyo prepares for the pandemic-delayed opening ceremony on July 23rd his dream lives on.

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For the first time, the Olympic torch burned hydrogen (never mind that the flame is colourless). Officials will be ferried around in some 500 cars and 100 buses made by Toyota and running on fuel cells, portable power plants that consume hydrogen and emit only water vapour. The Kawasaki King Skyfront Tokyu Rei hotel gets energy from hydrogen sourced from waste plastics.

All nifty, to be sure. But also as immaterial as the lightest gas. Fuel-cell cars are miles from the mass market, despite 20 years of efforts by Toyota and other Japanese firms. The lack of refuelling infrastructure, difficulty of storing the stuff in small vehicles and fuel cells’ persistently high cost all argue against a big role for hydrogen in decarbonising transport.

And yet Japan does have a shot at hydrogen-superpowerdom. Behind the scenes its firms are pursuing unglamorous applications in heavy industry and other hard-to-decarbonise sectors. The government is egging them on.

In June, for example, Japan’s Ministry of Economy, Trade and Industry (METI) laid out a plan to slash carbon emissions from steelmaking by shifting to “direct-reduction iron” (DRI). This process both uses considerably less energy and can replace some climate-unfriendly ingredients of the requisite industrial chemistry (such as carbon monoxide). METI is lavishing billions of dollars on the industry to commercialise the use of hydrogen in blast furnaces by 2030. Mitsubishi Heavy Industries, a conglomerate, is building a zero-carbon steel mill in Austria. Nippon Steel wants its DRI technology to be in commercial use by 2030.

Japanese firms are getting into the production of the feedstock, too. The easiest way to make hydrogen is to strip it from methane, each molecule of which contains four atoms of hydrogen and one of carbon. That process, known as “reforming”, is cheap but dirty, since its byproduct is planet-heating carbon. Hydrogen can be made cleanly from ammonia or water but this is more expensive. To bring costs down, ENEOS, Japan’s biggest oil refiner, recently unveiled plans to build a giant factory by 2030. It will use an electrolytic process to slash the cost of making clean H2 from H2O by two-thirds.

In July Marubeni, a Japanese industrial conglomerate, struck a deal with Providence Asset Group, an Australian investment firm, to develop 30 solar farms down under that would combine renewable energy with battery and hydrogen storage. They aim eventually to export green hydrogen to Japan. Kawasaki Heavy Industries recently won regulatory approval to build the world’s largest liquefied-hydrogen cargo ship. Not quite as eye-catching as the Shinkansen. But, just maybe, even more consequential.

This article appeared in the Business section of the print edition under the headline “Burning clean”

Source: https://stock-daily.com/news/japan-inc-wants-to-become-a-hydrogen-superpower/

With cryptocurrencies the US government will pay for information related to the defense of its national security

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, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

The United States government announced that it will pay with cryptocurrencies to those who provide useful information that helps protect their national security. Specifically, the State Department would contribute an equivalent of $ 10 million dollars to the platforms that provide information on cyberattacks prepared by foreign governments.

This measure stands out for being the first time that the North American nation has appealed to cryptocurrencies for payment of rewards for services received. It should be noted that this measure clearly refers to China. Recently, the European Union, the United States and NATO accused China of attacking the company Microsoft.

That attack on the tech giant, according to Western nations, was planned by the Chinese government itself. In this way, this group of nations, joined by Australia and New Zealand, would be creating a defense network against cyber threats supposedly coming from and organized by Beijing.

United States government will pay for services with cryptocurrencies

The fact that the United States government itself, through the State Department, will pay with cryptocurrencies is momentous. It is the first precedent in which the authorities of that country use digital currencies. In this case, to access sensitive information related to the defense of your national security.

This fact makes it clear that the US authorities are using all possible methods and forms in the face of external threats. It should be remembered that recently the Colonial pipeline was successfully attacked by Russian hackers. This fact cast doubt on the defense capacity of the United States against such threats.

«This is the first time that the justice-oriented information rewards program uses cryptocurrencies“Explained a spokesperson quoted on CoinDesk. This institution of the North American government, would be proceeding through the dark web to protect the informant source.

, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

That would be, at the same time, the purpose of the United States government, when announcing that it will pay the rewards precisely with cryptocurrencies.

, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

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Source: https://www.forex-news.com/crypto-news/with-cryptocurrencies-the-us-government-will-pay-for-information-related-to-the-defense-of-its-national-security/

New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’ – Regulation Bitcoin News – Crypto Roadhouse

New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin 'Scarce Store of Value'

The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin “a digital, scarce store of value” and stresses the need to put in place some investor protections for this asset class.

New SEC Chairman Talks About Bitcoin, Crypto Regulation

SEC Chair Gary Gensler talked about cryptocurrency policies and bitcoin in an interview with CNBC Friday. Gensler taught classes at the Massachusetts Institute of Technology (MIT) in financial technology, cryptocurrency, and blockchain technology. He was confirmed as the new SEC chairman last month.

Replying to a question about how he would regulate cryptocurrencies, the chairman replied, “To the extent that something is a security, the SEC has a lot of authority.” Noting he will refer to cryptocurrencies as “crypto tokens,” the former MIT professor emphasized that “a lot of crypto tokens … are indeed securities.”

He then referenced work done by the prior chairman and the SEC under his leadership. “The prior SEC brought numerous enforcement actions to sort of bring some of these security or investment contract tokens to into the rules,” Gensler said.

The SEC chair then turned his focus to bitcoin, stating that it is “about half of this $2 trillion asset class right now.” He opined:

It’s a digital, scarce store of value, but highly volatile, and there’s investors that want to trade that … for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.

Gensler noted that currently there is no “federal regime overseeing the crypto exchanges,” unlike with stock and derivatives markets.

He emphasized that if investors want to trade cryptocurrencies, then the SEC needs to “have in place some investor protection.” He noted that this is “a gap in our system right now” that needs to be addressed.

Speaking solely about bitcoin and not any other tokens, Gensler explained that the SEC’s “sister agency, the Commodity Futures Trading Commission [CFTC] has limited anti-fraud and anti-manipulation authority.” Nonetheless, he reiterated that “There’s no federal authority to actually bring a regime to the crypto exchanges.”

The new SEC chair further noted:

We will be working with Congress, and if they see fit, to try to bring some protection for people that want to invest in this speculative asset class.

What do you think about SEC Chair Gensler’s comments on bitcoin and crypto regulation? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

He then referenced work done by the prior chairman and the SEC under his leadership. “The prior SEC brought numerous enforcement actions to sort of bring some of these security or investment contract tokens to into the rules,” Gensler said.

Source: https://cryptoroadhouse.com/2021/05/08/new-sec-chairman-unveils-policies-for-cryptocurrencies-calls-bitcoin-scarce-store-of-value-regulation-bitcoin-news/

Top Cryptocurrencies To Buy In 2021? 4 To Watch Right Now

4 Top Cryptocurrencies To Consider Buying Other Than Bitcoin

Bitcoin has been the talk of the market in recent years. It has become the de facto standard for cryptocurrencies. With the recent surge in cryptocurrencies, it sure does attract a lot of retail investors’ attention away from the traditional space. While Bitcoin is an obvious choice for investors warming up to the space, others are looking for cheaper yet promising altcoins to add to their portfolio. For those unfamiliar, an altcoin simply means an alternative cryptocurrency to Bitcoin. And each of them operates according to its own rules.

However, before we start asking ourselves “what crypto should I buy today?” let’s take a step back and ask a simple question like what are cryptocurrencies, and that may be a better place to start. For those unfamiliar, a cryptocurrency is virtual money that takes the form of tokens or “coins” that can be used to buy goods and services. But it utilizes blockchain technology to secure online transactions across decentralized systems. Cryptocurrencies are almost always designed to be free from government intervention and control. And it is this foundational aspect that made this asset class grow in popularity.

More Institutional Investors Jumping On The Cryptocurrencies Bandwagon

Cryptocurrency has been one of the biggest financial stories of the year so far. Prices seem to be soaring to exorbitant levels amid strong institutional acceptance. Institutional investors are increasingly considering cryptocurrencies as an alternative asset class. After all, they are looking to maximize their returns in the difficult investment climate we face in the stock market today. We saw several businesses like Tesla (NASDAQ: TSLA), PayPal (NASDAQ: PYPL), and Square (NYSE: SQ) making moves to accept cryptocurrencies for transactions. This certainly bodes well for the industry.

Early adopters of Bitcoin would have made a huge profit, assuming they have held on. Ask any investor today, they would want to get a piece of it if it weren’t that expensive. With all the buzz going around cryptocurrencies, it seems like there’s a high chance that these digital assets could potentially be the future of financial transactions.

With the increasing participation from institutional players, could now be a good time to allocate cryptocurrencies to your portfolio? If you are wondering what are the top cryptocurrencies to buy [or sell] right now, let’s take a look at some of the hot names in the market today.

Top Cryptocurrencies To Watch In May 2021

  • Ethereum (ETH)
  • Cardano (ADA)
  • DogeCoin (DOGE)
  • Binance Coin (BNB)

Ethereum

What’s sending the second-largest crypto by market cap, Ethereum to the moon right now? Is it hype or is there something more? Sure, the speculative fever from non-fungible tokens (NFTs) and upcoming blockchain upgrades have previously fueled the parabolic moves in Ethereum. Another catalyst behind the recent surge is the growing use of this altcoin’s platform in decentralized finance (DeFi) applications.

cryptocurrencies (ETH coin)Source: CoinMarketCap

Right now, although there are some competing blockchains claiming that they can process transactions faster and at lower fees, Ethereum is still the largest and go-to blockchain for DeFi. And as more applications are added to the blockchain, there is a good chance that Ethereum will be the primary platform. And it seems this is a key reason that is making a bull case for ETH for both short-term and long-term investors.

[Read More] Is Coinbase (COIN) Stock A Buy After Receiving A $600 Price Target?

Cardano

Coming up next, one of the best performing cryptocurrencies in the market is Cardano. For starters, the company’s enterprise platform lays out how Cardano is building a platform to accommodate usage in education, retail, finance, and healthcare. These industries face a common thread that pulls back from operating efficiently. And that is they have a high degree of centralization. We know one major reason why some cryptos are lacking mass adoption. It is because of low to zero real-world applications.

cardano coin (ADA)Source: CoinMarketCap

On April 29, IOHK, the company behind Cardano, announced Cardano’s blockchain technology will be used to revamp Ethiopia’s education system. One major benefit of utilizing Cardano’s technology is that the system will create a tamper-proof system for recording information related to five million students across 3,500 schools. If you are like many, you may be excited about Cardano’s strong prospects and real-world application. Would you agree that it will play a big part in the DeFi movement?

[Read More] Cardano (ADA) Vs Polkadot (DOT): Which Cryptocurrency Is A Better Buy?

DogeCoin

While the list above are hot names in the crypto space, Dogecoin is hotter. In fact, one could have become rich if they had invested in the meme coin since the start of the year. After all, DOGE has surged more than 12,000% year to date. Dogecoin holders can use Dogecoin to buy goods and services or trade them for other currencies. Holders also use Dogecoin to “tip” fellow internet-goers who create or share great content.

doge coinSource: CoinMarketCap

The latest rally has come in the lead-up to Tesla CEO Elon Musk hosting NBC’s “Saturday Night Live” this weekend. Musk has long praised the digital token to his 52 million Twitter followers. Therefore, it is not surprising that many are hoping that he would mention the cryptocurrency live on television. It’s worth pointing out that before you buy dogecoin in hopes of capitalizing on its monstrous gains, popularity and reliability don’t necessarily go hand in hand. Buying dogecoin at current levels is an extremely risky endeavor. My conservative take is, don’t invest any money that you aren’t prepared to lose entirely.

[Read More] Cardano (ADA) Vs Polkadot (DOT): Which Cryptocurrency Is A Better Buy?

Binance Coin

Binance Coin was launched in 2017 by the world’s largest cryptocurrency exchange by volume, Binance. The coin can be used to pay transaction fees on the Binance exchange or to just simply trade for other cryptocurrencies. Bitcoin is proving to be an excellent store of value, despite the contrary comments from the Federal Reserve. But BNB coin serves a purpose beyond its sheer value. We all know that Ethereum has played a big role in fueling the NFT craze. But ETH is not the only crypto to play on NFT. BNB is looking to play a role here as well.

binance coinSource: CoinMarketCap

The crypto exchange revealed that it will introduce its own marketplace where users can create, buy and sell NFTs on its platform. The trading platform would operate two markets: a premium venue for top auctions and exhibitions and a standard trading market that anyone can use to mint new tokens. The exchange makes money by taking a cut from the proceeds of the auctions. It also charges a processing fee for any trading activities. Should the crypto exchange be able to execute the NFTs plan well, it would very well open up a new revenue stream for the company.

Cryptocurrency has been one of the biggest financial stories of the year so far. Prices seem to be soaring to exorbitant levels amid strong institutional acceptance. Institutional investors are increasingly considering cryptocurrencies as an alternative asset class. After all, they are looking to maximize their returns in the difficult investment climate we face in the stock market today. We saw several businesses like Tesla (NASDAQ: TSLA), PayPal (NASDAQ: PYPL), and Square (NYSE: SQ) making moves to accept cryptocurrencies for transactions. This certainly bodes well for the industry.

Source: http://finance.dailyherald.com/dailyherald/news/read/41324572/top_cryptocurrencies_to_buy_in_2021?_4_to_watch_right_now

US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman – CoinSpectator

US SEC Expected to Impose 'Fair Amount' of Regulation on Cryptocurrencies, Says Former Chairman

Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman.

Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation

Harvey Pitt talked about the future of cryptocurrency regulation under the new chairman, Gary Gensler, in an interview with Bloomberg Friday. Pitt is the American lawyer who served as the 26th chairman of the U.S. Securities and Exchange Commission (SEC), from 2001 to 2003.

With the market debut of Coinbase via a direct listing on Nasdaq, Pitt was asked what he expects to happen with the regulation of cryptocurrencies and cryptocurrency exchanges. The former SEC chair said:

I expect to see a fair amount of regulation of cryptocurrencies. Right now, I think the rules are unclear.

“Whether or not certain offerings involve securities or not is unclear. There is a definite likelihood that the SEC will move forward. Gary Gensler is an expert on cryptocurrencies. He has taught about them. He is a market expert,” Pitt continued. “I would expect to see clear rules of the road evolve under his leadership.”

Gensler, a crypto professor at the Massachusetts Institute of Technology (MIT), was confirmed last week as the chairman of the SEC. He was sworn into office on Saturday as a member of the SEC.

Pitt was also asked if the SEC should be the regulator of cryptocurrencies or whether it should be the Commodity Futures Trading Commission (CFTC), where Gensler was a former chairman. Pitt further opined:

There’s a real question about where jurisdictions lie and there may be a need for clarifying legislations. The SEC has already taken the position that bitcoin and ethereum are not securities and therefore there is no regulatory involvement on the SEC’s part.

The former chairman further explained that companies like Coinbase, “which is effectively making markets in cryptocurrencies,” are subject to SEC regulations, therefore the commission will indirectly have an influence on how these cryptocurrencies are marketed.

Recently, SEC Commissioner Hester Peirce also said that she is “optimistic” that under the new chairman who has deep knowledge of the crypto markets, the SEC can “build a good regulatory framework” for cryptocurrencies.

Do you think the SEC will impose many new crypto regulations? Let us know in the comments section below.

Regulation, Bitcoin regulation, Crypto regulation, Cryptocurrency regulation, Gary Gensler, harvey pitt, SEC, sec bitcoin, sec chairman, sec cryptocurrencyRead More

“Whether or not certain offerings involve securities or not is unclear. There is a definite likelihood that the SEC will move forward. Gary Gensler is an expert on cryptocurrencies. He has taught about them. He is a market expert,” Pitt continued. “I would expect to see clear rules of the road evolve under his leadership.”

Source: https://coinspectator.com/bitcoin-com/2021/04/19/us-sec-expected-to-impose-fair-amount-of-regulation-on-cryptocurrencies-says-former-chairman/