• Anchorage SOC 1 Type 1
    Cryptocurrencies,  Technology

    Crypto custodian Anchorage secures prestigious SOC 1 Type 1 audit

    Big four auditor Ernst & Young performed the rigorous review of Anchorage’s financial reporting

    “Successfully completing this examination and being granted the SOC 1 Type 1 report more formally signifies something we have long known: the controls and processes Anchorage has developed are world class, and meet a truly rigorous standard,” said Jennifer Lee, Anchorage’s head of compliance.

  • Visa Plaid antitrust
    Regulation,  Technology,  United States

    U.S. sues to stop Visa’s acquisition of payments fintech Plaid

    The Department of Justice brought an anti-trust suit seeking to block the deal for Plaid, which lets merchants bypass online debit card payment middlemen

    In Nov. 5 filing with the U.S. District Court for the Northern District of California, the Department of Justice (DoJ) claimed in a court filing that as “Visa learned more about Plaid’s efforts to launch its own pay-by-bank debit service that would directly compete with Visa, its executives grew increasingly alarmed.”

  • U.S. seizing $1B Silk Road bitcoin
    Alt coins,  Bitcoin

    U.S. seizing $1B in Bitcoin from Silk Road hacker

    A U.S. Attorney revealed today that the government is behind the Nov. 3 transfer of nearly 70,000 BTC, which it is seizing from the hacker who allegedly stole it from Ross Ulbricht

    In a Nov. 5 filing, the U.S. Department of Justice revealed that it is seizing nearly 70,000 bitcoins and several other cryptocurrencies that were stolen from the infamous Silk Road darknet market. The Nov. 3 transfer gained a lot of attention in the cryptocurrency community, with blockchain intelligence firm CipherTrace speculating that either the wallet’s owner was moving the bitcoins to a more up-to-date wallet address, or that another hacker had cracked the wallet.

  • Bitcoin shoots past $15K
    Bitcoin,  Politics

    Breaking: Bitcoin shoots past $15K

    With the broader markets encouraged by a presidential election coming to a calm close, Bitcoin rose more than $1,000 in a day

    Bitcoin surged past $15,000 today, quickly breaking first $15,100 and then briefly $15,200 on a bull run that began below $14,000 on Nov. 4. The surge came as the U.S. waits for news of the presidential election, which is increasingly looking like Democrat Joe Biden will squeak out a narrow win over President Donald Trump, but that Republicans will maintain control of the Senate—a divided government that will likely mean a quick stimulus package and moderate tax increases.

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