Category: Wallets

Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks

Hardware wallet startup Ledger offers bitcoin bounty for information on data attacks

Ledger, the crypto wallet firm, has put up a bitcoin bounty worth approximately $350,000 for information on the attackers behind a series of data leaks. The company has published a detailed blog post laying out the recent history of leaks and phishing attacks that have compromised the personal information of hundreds of thousands of its […]

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A16z, Coinbase intend to challenge FinCEN’s proposed crypto wallet rules in court should it become law

A16z, Coinbase intend to challenge FinCEN’s proposed crypto wallet rules in court should it become law

Venture capital firm a16z and exchange operator Coinbase intend to challenge Financial Crimes Enforcement Network’s (FinCEN’s) proposed crypto wallet rules in court should it become law. The intention was revealed by a16z’s Kathryn Haun and Coinbase’s Brian Armstrong in tweets on Monday, who said the proposed rules are ill-advised and shouldn’t go forward. FinCEN, a bureau […]

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As FinCEN’s comment window on crypto wallet rule comes to a close, uncertainty on path forward remains

As FinCEN’s comment window on crypto wallet rule comes to a close, uncertainty on path forward remains

At 11: 59 PM EST on January 4, the clock will run out on the window to submit written comments on a proposed rule that could create significant regulatory hurdles for crypto transacting. The Financial Crimes Enforcement Network (FinCEN) released a notice of proposed rulemaking on December 18 that seeks to heighten identification requirements for […]

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Square says new FinCEN wallet proposal will inhibit crypto adoption and hinder law enforcement efforts

Square says new FinCEN wallet proposal will inhibit crypto adoption and hinder law enforcement efforts

Square is the latest company to go public with its opposition to proposed rulemaking from the U.S. Financial Crimes Enforcement Network (FinCEN). If enacted, the proposal would require companies to keep records of and report certain cryptocurrency transaction information beyond what is required for cash transactions today.  Square argues in its letter to FinCEN, published […]

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Fiat Freeway: Paxos Closes its $142M Series C Round, FinCEN’s Coming for Self-hosted Wallets

Fiat Freeway: Paxos Closes its $142M Series C Round, FinCEN’s Coming for Self-hosted Wallets

Quick Take ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.  This week’s column examines Paxos’ $142M Series C fundraising and FinCEN’s newly proposed KYC rules for digital wallets. This research piece is available to members of The Block Genesis. You can continue reading this Genesis […]

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US Treasury said to weigh new crypto transaction reporting rule aimed at self-hosted wallets

US Treasury said to weigh new crypto transaction reporting rule aimed at self-hosted wallets

The U.S. Treasury is on the cusp of putting forward a new transaction reporting rule for money services businesses (MSBs) that interact with self-hosted crypto wallets, The Block has learned. As of press time, the actual language is not finalized and is subject to change, according to a person with knowledge of the process. It […]

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Crypto wallet Math raises $12 million in Series B funding

Crypto wallet Math raises $12 million in Series B funding

Cryptocurrency wallet provider Math has raised $12 million in Series B funding. The round was led by Binance Labs, with participation from NGC Ventures, Amber Group, and Capital6 Eagle. With fresh capital at hand, Math looks to expand its products and services, as well as support the growth of Binance’s native blockchain Binance Smart Chain […]

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Italian bank Banca Generali leads $14 million Series B for bitcoin wallet provider Conio

Italian bank Banca Generali leads $14 million Series B for bitcoin wallet provider Conio

Bitcoin wallet provider Conio has raised $14 million in Series B funding. The round was led by Italian bank Banca Generali, which invested most of the funds but did not disclose a specific figure. Other smaller investors in the round weren’t made public. As part of the investment, Banca Generali has also signed a commercial […]

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