Legal action against Circle Society and its operator continues, two months after regulators charged both with fraud over an alleged $11 million BItcoin scheme. A United States court has granted regulators a preliminary injunction against an alleged Bitcoin (BTC) Ponzi scheme which reportedly defrauded investors of $11 million. In a filing with the United States […]
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Cryptocurrency lending firm BlockFi announced that it obtained a money transmission license in the United States member state of Washington. Cryptocurrency lending firm BlockFi announced in an email that it obtained a money transmission license (MTL) in the state of Washington in the United States. The firm explained that the license will allow BlockFi to […]
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Central Asia following the sweeping global crypto and blockchain trend, with concrete adoption and utilization cases across the region. Cryptocurrency and blockchain technology continues to be a global phenomenon, with adoption and utilization cases emerging in almost every corner of the globe. Digital technology has become so popular that it is now a major talking […]
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The Swiss Financial Market Supervisory Authority warned that blockchain tech increases the risk of money laundering in the country. The Swiss Financial Market Supervisory Authority (FINMA) warned the country that Switzerland is particularly prone to money laundering risks for reasons including the use of blockchain technology. In its first-ever yearly risk monitor report — published […]
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Sports teams like Juventus are now using the power of the blockchain technology to connect with fans. On Dec. 2, Italian soccer giant Juventus revealed that the long wait for its much-hyped fan token had finally come to an end. In regard to the matter, news of the deal first came to light back in […]
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After examining SOV’s white paper, Cointelegraph reached out to the development team to find out if the cryptocurrency was inspired by EOS. It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues […]
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Former Italian minister of economy and finance spoke to Cointelegraph about his vision of the future economy and crypto’s part in it. During the Code4Future conference, the first event in Italy dedicated to the concept of open innovation held at the Talent Garden in Rome, the former Minister of Economy and Finance Giulio Tremonti — […]
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The Ukrainian government approves the final version of a money laundering law that will handle virtual assets and virtual asset service providers per FATF guidelines. The Ukranian government has approved the final version of a money laundering law that will handle virtual assets and virtual asset service providers (VASPs) per FATF guidelines. On Dec. 6, […]
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“It’s obvious that nation-states can’t handle all our identities for all our lives.” Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin. Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary […]
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Blockstream CEO and HashCash inventor Adam Back has controversially compared Ethereum with the notorious medical-testing startup Theranos. Blockstream CEO Adam Back — inventor of the hashcash Proof-of-Work (PoW) system later used in Bitcoin’s (BTC) mining algorithm — has controversially compared Ethereum (ETH) with the now-defunct biotech startup Theranos. As part of a Twitter exchange published […]
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