With the first full week of 2020 under our belts, we’re here with the Crypto Traders Pro Weekly Review 1-11-2020! With our Crypto Traders Pro Weekly Review 1-11-2020 we’re hoping that this will kick off a years worth of great progress for cryptocurrency and blockchain adoption in the news.
LongFin is one of the first FinTech companies to fall under the axe of the US SEC in 2020. The firm had already been targeted by the firm for shady practices, but the CEO Venkata Meenavalli will now have to pay almost $400,000 in fines. He is now forbidden from holding a position with any public company.
Crypto Wallet Ledger is finding itself having to defend against malware using its name. A crypto enthusiast has lost $19,500 in Zcash when the user downloaded a Google Play Chrome Extension allegedly published by Ledger but was actually a crypto-stealing app.
Kraken has revealed that multiple law enforcement agencies across the world are contacting the company in record numbers looking g for personal details on users. In 2018, as a reminder, the exchange received 475 requests and 710 were submitted last year. Most came from US law enforcement.
The US SEC is planning on continuing to scrutinize crypto activity this year. But there are signs they might do so in a more amicable manner. The commission’s Office of Compliance Inspections and Examinations revealed that they would be looking at cryptospace the way they look at financial sectors.
A Singaporean exchange is causing a lot of grief for its users. COSS has suspended trading, citing maintenance as the reason. But as we’ve seen, maintenance has been the cover up from everything from Hacks to Exit scams. Maybe COSS will be different. Care to wager?
Dunamiscoins and its executives are now on trial in Uganda for a scam. The operation ran for almost 2 years and the firm shut down last December. Prosecutors are looking to hold the individuals accountable for their illegal activity.
What do you think of the year so far? Let us know on our Facebook page!