Another ICO case comes to a close. After years of legal action from United States governing bodies, Blockvest, a 2018 initial coin offering, or ICO, has received its final orders. “The SEC, as a government agency, seeks a permanent injunction, disgorgement of funds received from Defendants’ illegal conduct, and civil penalties,” said a court document […]
Continue Reading
Cointelegraph asked 10 leaders in blockchain about book recommendations this year. With the continuous lockdowns and travel advisories brought on by the COVID-19 pandemic, 2020 seems to be a perfect year for discovering and reading new books. As such, Cointelegraph collected a list of non-crypto-related book recommendations from 10 of the biggest thought leaders in […]
Continue Reading
Challenges to internet freedom are threats to grassroots protests, panelists agreed. On Friday, NSA whistleblower Edward Snowden led a panel discussion as part of a fundraiser for the Tor Project. Joining Snowden were three experts in internet privacy and human rights. The four focused on global protests over the past year, whether they were in […]
Continue Reading
Sweden is examining risks and consequences of moving its economy to its e-krona digital currency. The Swedish government is progressing with its central bank digital currency, or CBDC, by launching a formal review of a potential transition to the digital currency. According to a Dec. 11 Bloomberg report, the review will explore the feasibility of […]
Continue Reading
Russian officials finally prepare to disclose their crypto. Russia is the latest country to officially require its government officials to report their cryptocurrency holdings. President Vladimir Putin has signed a decree obliging Russian officials to disclose their crypto investments by June 30, 2021, local news agency TASS reported on Dec. 10. Officially released on Thursday, […]
Continue Reading
JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice. Goldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital currencies for their repo operations. In an interview […]
Continue Reading
France is preparing new frameworks to prevent anonymity in crypto. French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing. On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts. […]
Continue Reading
Will Bitcoin end the dollar’s supremacy one day? Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley. Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is likely to end due to […]
Continue Reading
The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels. Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust […]
Continue Reading
The founder of Oyster Protocol has been arrested and charged with operating a multimillion-dollar tax evasion scheme. Amir Burno Elmaani, the founder of the now defunct cryptocurrency scheme Oyster Protocol, has been arrested and charged for what the Department of Justice describes as a “multimillion-dollar tax evasion scheme.” On Dec. 9, the DoJ announced it […]
Continue Reading