Xcel Token

ICE Reveals Cryptocurrency Intelligence Program The United States Immigration and Customs Enforcement (ICE) has revealed the existence of a Cryptocurrency Intelligence Program (CIP) in the agency’s 2021 budget proposal. The proposal states that the CIP seeks to identify unlicensed capital flows taking place across peer-to-peer (P2P) marketplaces, online forums, and darknet markets. The CIP was developed by ICE’s Bulk Cash Smuggling Center (BCSC). Lloyd’s New Insurance Offering Covers Crypto Held in Hot Wallets Insurance giant Lloyd’s of London now provides a new type of liability insurance policy to protect cryptocurrency in hot wallets that is lost by theft. Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together with crypto will-focused firm Coincover, with limits from as little as £1,000 ($1,275), Lloyd’s announced on March 2. The policy is also backed by an array of other Lloyd’s insurers, including TMK and Markel, all of whom are members of...

Email Extortion Scam Targets Googles AdSense A new extortion scam targeting website owners serving banner ads through Google’s AdSense program has begun circulating the Internet. The malevolent scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension. The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb. 17. The blog post detailed that some site owners received a message as their site had been spotted by the malicious program as one seeking revenue from publishing an ad. Coinbase Pitches Crypto As A Solution For Racial Discrimination To mark Black History Month, Coinbase has launched an advertising campaign with the pitch that cryptocurrencies can help tackle racial injustice in the financial sector. As part of the campaign, the exchange published a blog post on Feb. 13 with the results of a survey it conducted in ...

Ukrainian Regulations States That Mining Does Not Require Governmental Oversight Ukrainian’s powers stated that crypto mining does not require regulatory activity from governmental oversight bodies or other third-party protocols. In its legal article on virtual assets published on Feb. 7, the Ministry of Digital Transformation of Ukraine specified that mining does not necessitate directives by state authorities as this activity is measured by the protocol itself and network members. Internet Surges 300% In North Korea Over The Past 3 Years North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities. Misuse of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly obtained funds, a new study says. Blog U.S. Think Tank Contradicts Need For Federal Digital Currency ...

Liechtenstein Based Start-up To Issue Tokens At The Value Of Collectable Cars Investment platform CurioInvest and Seychelles-based digital asset platform MERJ Exchange Ltd. will jointly begin offering a token backed by collector luxury cars. The so-called Car Token (CT1) token is set to be attached to the value of collectible cars giving more people a chance to have a portion of an asset, BNN Bloomberg informed on the 30th of January, 2020. Bitspark Shuts Down Hong Kong-based blockchain remittance start-up Bitspark has abruptly announced its closure , citing internal restructuring issues. On Feb. 3, Bitspark co-founder and CEO George Harrap officially announced the platform’s plans to shut down its services on the 4th of March, 2020. According to the statement, Bitspark users will be able to withdraw their cryptocurrencies from Feb. 3 to March 4 as the platform’s functionality will stay intact over the period. After March 4, account logins will b...

Zermatt Switzerland Accepts Tax Payments In Bitcoin Source: https://cointelegraph.com/ According to an announcement by Bitcoin Suisse, Zermatt started accepting Bitcoin as a means of payment for local taxes and transactions on Jan. 28, 2020. By partnering with Bitcoin Suisse, the authorities of Zermatt are now able to convert taxpayers’ Bitcoin into Swiss francs through Bitcoin Suisse which then transfers the amount in fiat curren cy to the municipality’s bank account. Bank of Japan Must Be Prepared To Release Digital Currency Source: https://www.coindesk.com/ The deputy governor of the Bank of Japan has said the institution must be ready to issue a central bank digital currency (CBDC) should public demand surge in response to technical developments. In a strong statement of a future-oriented vision for the bank, Masayoshi Amamiya told attendees at a seminar — as per a Reuters report on Jan. 30 Bittrex Secures UDS 300 Million Insurance For Cryptocurrencies In ...