As we wrap up the final week of January 2020, we’re here to tell you what’s happened throughout the last week with Crypto Traders Pro Weekly Review 2-1-2020!
On today’s Crypto Traders Pro Weekly Review 2-1-2020, we’ll be covering worldwide updates to the crypto universe.
Digital currency is slowly becoming the future of money. Regulators continue to shape the space and authorities are beginning to understand the benefits of crypto.
To that end, central banks throughout the world are beginning to see the merits of digital currency. A handful of countries are already stepping up and are working to build their own crypto. 80% of central banks surveyed by the Bank of International Settlements revealed that central banks are, in one way shape or form, reviewing the possibility of rolling out a state-backed digital currency.
AT&T does not believe they should be held liable in a SIM-swapping case. Seth Shapiro lost $1.8 million dollars in crypto after a thief tricked AT&T into believing that Shapiro had switched phones. Shapiro holds AT&T responsible for that mishap. In response the telecommunications giant filed a motion to dismiss the case last week, citing a lack of evidence that the company should be held liable. The motion will be heard sometime in mid-February.
BCH is undergoing a potential backlash amongst its miners for its proposed plan to introduce a tax on its miners. The goal of the tariff is to fund development for the cryptocurrency which is now lacking in funds and directions. Miners are wondering why they should cover the costs and what the money will actually be used for. Roger Ver was for the idea but now has backed off, likely due to the backlash from the community.
LocalBitcoins.com was, since its inception, the go-to for buying and selling Bitcoin. Transactions are easy and generally protected – but since the space continues to face scrutiny and oversight, they too have been forced to implement measures that comply with regulatory approval. This is most probably in response to the Fifth European Anti-Money Laundering Directive which went into effect earlier this year.
A recent ransomeware attack has forced an unnamed company in the U.K. to shell out $950,000 worth of BTC. Digital forensics experts were able to follow the payment transactions and watched as most of the funds were transferred to Bitfinex. A judge has ordered the exchange to freeze those funds and hand over registration details of the accounts holders.
It seems like Telegram is going to have to give in to the SEC. The company is claiming that its GRAM tokens were not unauthorized Securities. The SEC begs to differ, and with its seemingly more favorable position, has started to taunt the company by asserting that its GRAM is worth less than donuts.
Alexander Vinnik is one of the most notorious figures in the crypto underground. He’s awaiting trial in France for having laundered over $4 billion dollars. He was extradited from Greece and has faced intense interrogation. After his trial in France, he’s expected to be sent back to Greece to stand trial, and then potentially the US.
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