• Crypto users older than believed
    Cryptocurrencies,  Politics

    Crypto users are older than believed, survey finds

    Well over half the participants in a survey by Wirex and the Stellar Development foundation were older than 45, and more than a quarter were over 55

    Three-quarters of the survey participants said they view crypto payments as a viable alternative to traditional money transfer services, according to an announcement.

  • Biden Gensler run SEC
    Cryptocurrencies,  Politics,  Regulation

    Biden makes it official: Gary Gensler will run SEC

    The MIT professor spearheading crypto and finance collaboration will lead the Securities and Exchange Commission, President-elect Joe Biden confirmed

    In a Jan. 18 announcement, the Biden Transition Team highlighted Gensler’s history of leading financial markets reform going back more than 20 years. This included two years as senior advisor to Sen. Paul Sarbanes (D-MD) in writing the Sarbanes-Oxley Act, a major financial reform bill that came in the wake of a number of major financial scandals, including Enron.

  • Bitcoin fund Capitol riots
    Bitcoin,  Politics

    Chainalysis asks: Did Bitcoin fund the Capitol riots?

    The leading blockchain intelligence firm found $500,000 in Bitcoin transferred to key alt-right members a month before followers stormed the halls of Congress

    A month before a mob stormed the U.S. Capitol building on Jan. 6, an extremist sent $522,000 in bitcoin to nearly two dozen far-right leaders, including white nationalist streamer Nick Fuentes and the Daily Stormer, a Neo-Nazi website, according to blockchain intelligence firm Chainalysis.

  • FinCEN wallet rule
    Cryptocurrencies,  Politics,  Regulation

    FinCEN drops ‘midnight rule’ regulating private crypto wallets

    U.S. Treasury Department’s Financial Crimes Enforcement Network issued a proposal requiring exchanges to collect personal data from self-hosted wallets

    Essentially, what FinCEN wants is to require banks, cryptocurrency exchanges, and other money services businesses (MSB) to collect identifying data about anyone who wants to transfer $3,000 or more to or from an “unhosted” wallet.