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FBI: “The cryptocurrencies are a problem that will become increasingly great”

Christopher Wray, director of the Federal Bureau of Investigation, (FBI), said recently that the cryptocurrencies is a “major problem” that is likely to become a problem, “largest ever” for the agency’s application of the law. The director of the FBI, and other intelligence officials testified before the National Security Committee of the Senate on a hearing about security threats facing the director of the U.S. Other themes that spoke to the FBI included efforts to counter terrorism, stop foreign influence in elections, measures of cyber-security, border security, and the interactions of the Director Wray with the White House and the president Trump in matters of security. The former presidential candidate and republican senator from Utah, Mitt Romney, asked the intelligence officers if the united States should not make some kind of effort to deal with the cryptocurrencies, and the challenges to counter-terrorist activities of the police. He said: “I’m Not on the Banking Committee. I’m not starting to understand how it works the criptomoneda. I think that it is more difficult to carry out their work when you can’t follow the money because the money is hidden to us and I wonder if there should not be any kind of effort in our nation to deal with the criptomoneda”. However, it is not just cryptography. Wray pointed out that the encryption is touching all aspects of the emerging technology, such as instant communications.

Kingpin of the Dark Web is found guilty of washing more than $19 million in cryptocurrencies

A former trafficker of narcotics has pleaded not guilty to the charges of having washed $19 million in earnings through Silk Road. Prosecutors in the Southern District of New York announced a plea agreement with Hugh Brian Haney on Thursday. According to a press release, Haney was accused of washing close to $20 million with Bitcoin at the beginning of 2018. The federal prosecutor Geoffrey S. Berman said: “Hugh Haney used Silk Road as a means to sell drugs to people all over the world. Then washed more than $19 million in revenues through the criptomoneda. The traffic of drugs on the Dark Web does not provide anonymity forever, as you can attest, Hugh Haney”. Silk Road was one of the first drugs markets of the web dark and a haven for their vendors that accepted bitcoins until its operator, Ross Ulbricht, was arrested in October 2013 and the site was closed. Ulbricht is currently serving life imprisonment on charges of distribution of narcotics, computer hacking and conspiracy. During his two and a half years in operation, several thousands of drug dealers and other illegal vendors used Silk Road to distribute hundreds of kilograms of illegal drugs.

Tether says that your Stablecoin is ‘fully supported’

The tokens USDT are now fully backed by reserves of Tether, said Thursday that the issuer of the currency stable. Tether, which is behind the USDT of stablecoin-backed dollar, he published the answer in the web site of the company on 7 November, an announcement that the exchange of encryption and the sister company Bitfinex is echoed on the same day. The document was an update of a version first published in the summer of 2018. Tether rejected this claim, saying in the statement Thursday that “the revised document is a throwback watered down and embarrassing” in the first version. In no uncertain terms, Tether denied the findings of the next document, and even accused the authors, John M. Griffin and Amin Shams, motivated by the unethical: “To obtain the publication, Griffin and Shams have released a weakened version, but equally faulty of your previous article. The revised document is a walk aguado and shameful of his predecessor”.

The Fed must act with urgency and to launch its own payment system

A high federal official of the united States has argued that the Pound of Facebook highlights the need for the Federal Reserve (Fed) to act urgently and launch your own system of payments in real time. In a letter addressed to the Board of Governors of the Federal Reserve, Rohit Chopra, commissioner of the Federal Trade Commission of the united States, expressed its support to the proposal of the central bank to launch a new payments system called “Service FedNow”. In his letter, the Commissioner Chopra argued that the central bank should act quickly to avoid new threats to their supervision, whether arising under the auspices of a “possible private monopoly of mega-banks private”, or of a competitor of the private sector such as Facebook. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.

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About the author

Caroline W.

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.