China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain

With Chinese President Xi Jinping recently showcasing support for blockchain, local media is seemingly changing its sentiment toward crypto. Earlier this week, a story published by Chinese state-run media outlet Xinhua featured some pro-Bitcoin comments that referred to the flagship digital currency as being the world’s “first successful application of blockchain technology.” This latest endorsement […]

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BaFin Orders Gold-Backed Token Issuer and Alleged Ponzi Scheme to Cease-and-Desist

BaFin has issued a cease-and-desist order to Karatbit Foundation to immediately stop unauthorized e-money business in Germany based on the issuance of the KaratGoldCoin. The German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany.  BaFin alleges that Karatbit Foundation is issuing […]

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Abra Adding 60 New Cryptocurrencies in Consumer Adoption Push: Report

The Abra crypto investment app is reportedly adding 60 new cryptocurrencies to its platform, effectively trebling the number of supported tokens. California-based cryptocurrency wallet and investment service Abra is adding a total of 60 new cryptocurrencies to its platform, reports suggest. According to CoinDesk on Nov. 12, the increasingly widespread payment gateway is planning to […]

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