Holder Sees Definite Danger in Bitcoin
On April 8 Attorney General Eric Holder made a public address to US lawmakers stating that Bitcoin, as well as other currencies derived from it, is a provocative issue for law enforcement agencies, largely because it can be used to “conceal illegal activity”. Holder made this announcement before the House Judiciary Committee on Tuesday. According to his report the Department of Justice has united with financial regulators to develop a method to withstand users committing illegal actions using Bitcoin. Listed accusations include drug dealing, purchase of weapons and human trafficking.....
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India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.”
RBI on Crypto’s Danger and Financial Stability Risks
The Reserve Bank of India (RBI) released the 25th issue of its Financial Stability Report (FSR) Thursday. RBI Governor Shaktikanta Das wrote:
Cryptocurrencies are a clear danger. Anything that derives value based on make believe, without any underlying, is just speculation under a....
US Attorney General Eric Holder believes bitcoin criminals pose a new set of challenges for law enforcement. During his testimony this morning before the House Judiciary Committee Holder said the US Justice Department is keeping track of bitcoin-related developments. Of course, this does not mean that the Justice Department is treating all bitcoin transactions as suspect. Holder stressed that the department is working with financial regulators in an effort to weed out the bad apples. Bitcoin can pose challenges for law enforcement. Holder's interest in bitcoin is focused solely on "bad....
Withdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations.
Ledger hardware wallet users might be in danger of physical attacks with their addresses part of the user data dump by suspected hackers. While the affected users are threatening legal action in the Ledger data dump, some wallet owners might be at the risk of being visited by criminals. According to a Redditor named "u/relephants," some users have begun received threatening emails demanding a $500 payment or risk being attacked in their homes.This development opens up another risk factor for Ledger users whose private information have been leaked by the hacker. Apart from home invasions,....
Xu's temporary detention and subsequent release closely coincides with the period that OKEx's unnamed key holder also became unavailable.