Wallets

Scams

We Went Hunting for Crypto Scams in Google and Apple App Stores. Here’s What We Found

Benjamin Powers Colin HarperMar 10, 2021

Some of these scams, embedded like financial landmines in the app stores, are better disguised than others.

SEC

Crypto Wallet Exodus Seeks SEC Permission to Tokenize Shares, Aims for $75M Raise

Ian AllisonMar 3, 2021

Under the terms of an SEC Reg A+ offering, Exodus will accept bitcoin, ether and USDC, and sell equity tokens for $27.42 apiece.

FinCEN

Google Will Only Take Ads From FinCEN-Registered or Chartered Crypto Exchanges, Wallets

Kevin ReynoldsJun 2, 2021

Effective Aug. 3, anyone seeking to advertise those products to U.S. customers will have to be registered with FinCEN or a federal or state chartered bank.

Russia

Russian Mobile Operators Eye Payments Services, Wallets for Digital Ruble

Jamie CrawleyFeb 16, 2021

Some telcos are looking at developing a digital wallet that would link the digital currency to users' mobile phone numbers.

Security

Elon Musk Bites Back at Freewallet After Dogecoin Tweet

Jamie CrawleyFeb 10, 2021

The Tesla CEO said crypto users should avoid wallets that do not give them access to their private keys.

Wallets

Wallets

Meet the Technician Who Unlocks Your Forgotten Crypto Wallets

Benjamin Powers

It’s a bitcoin bull run and you've forgotten the password to your wallet. What’s next?

Bank Secrecy Act

FinCEN’s Wallet Rule Aims to Close Crypto-Cash Reporting Gap, Official Says

Nikhilesh DeDanny Nelson

FinCEN Deputy Director Michael Mosier encouraged commenters to provide practical, technical feedback on the rule.

FinCEN

DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’

Danny Nelson

“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets," wrote Judge Zia Faruqui in an opinion on a forfeiture case.

Ledger

Ledger Adds Bitcoin Bounty and New Data Security After Hack

Benjamin Powers

Rogue actors at e-commerce partner Shopify exposed 20,000 new Ledger customer records, including emails, names, postal addresses and phone numbers.

FinCEN

7K Comments and Counting: Crypto Industry Fights ‘Arbitrary’ Treasury Rule

Nikhilesh De

The crypto industry says a proposed rule to collect personal data from private wallet transactions is being rushed, might be challenged in court and could be difficult to implement.

Opinion

Democracy Demands a Say in the Future of Money

J Christopher Giancarlo

The U.S. Treasury’s decision to impose know-your-customer rules to private cryptocurrency wallets is flawed in more ways than one.

FinCEN

FinCEN’s Proposed Crypto Wallet Rule Might Hit DeFi

Nikhilesh De

FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance.