Private Equity Moris Beracha Wuani

By William Suberg/ Cointelegraph The CEO of world’s largest cryptocurrency exchange Binance said he “hoped others would follow” his decision to donate all listing fees to charity after a sudden announcement Monday, October 8. According to the announcement, beginning “immediately” meanwhile, Binance will not only donate all such fees to charitable causes for the “greater good,” but also allow developers themselves to name the amount they pay, without demanding a minimum fee. “Binance will continue to use the same high standard for the listing review process,” the announcement continues. “A large donation does not guarantee or in any way influence the outcome of our listing review process.” Confirming the news on Twitter, Binance CEO Changpeng Zhao capped a period of controversy surrounding Binance, during which industry sources and users alike criticized the platform for the allegedly exorbitant fees it charges developers to list altcoins. In August, Christoph...

By Pawel Kuskowski During the summer, an agent at the US’s Drug Enforcement Administration, Lilita Infante, said the ratio of legal to illegal activity in bitcoin has inverted. Talking to Bloomberg , she said illegal activity is now a problem in about 10 percent of transactions - not the 90 percent she saw five years ago.  Lilita thinks that it is speculation driving the cleaning up of transactions. We’ve also seen, over that five-year period, regulation coming into force, the professionalisation of exchanges and increasing numbers of individuals trading and investing paying attention to the anti-money laundering (AML) and know your customer (KYC) aspects of doing so.  But, even if regulations are in place, there are - as is the way with illegal activity in any industry - things to look out for that will be hidden. Whether you’re making payments in crypto, are involved in initial coin offerings (ICOs) or using any blockchain-based payment processes...

By Ana Alexandre   South American cryptocurrency exchange Buda.com has requested Colombian President Iván Duque to help reopen its operations in the country, local news outlet La Republica reported September 21. Digital currency exchange Buda.com — which boasts around 35,000 accounts in Colombia — ceased its operations on June 20 after the country’s banks decided to close all the exchange’s accounts "for the lack of guarantees." The move was reportedly spontaneous; banks confirmed they closed the accounts without providing further explanation. The exchange subsequently experienced technical difficulties, while a letter from a Colombian financial control officer reminded banks that they are not authorized to interact with crypto platforms. Now, Buda.com along with its users and the country’s cryptocurrency association have petitioned President Duque to help reopen the trading platform, saying: "In accordance with the latest pronouncements of...

By Moris Beracha/ Crypto.BI According to a quarterly report released by Cipher Trace, the quantitative investment firm, specializing in the systematic trading of cryptocurrencies, in the first half of 2018, more than $760 million in cryptocurrency was stolen from exchanges, nearly three times more than in 2017. The growth in the demand for currency in the industry of services has driven, according to this report, money laundering of coins. Also, the services that clean dirty funds are widely available, said CipherTrace, and some have even advertised through Google AdWords. Likewise, many exchanges, and new ones are opening all the time, have security vulnerabilities. And cryptocurrencies, once stolen, often cannot be returned or even traced to the thieves. “There are so many cryptocurrencies now, and they are worth so much money, and there are so many exchanges globally where you can cash out, that we’ve seen not just traditional cyber gangs, but we’ve seen a new s...