A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. 21). The commission alleges BitFunder and Founder Jon E. Montroll operated an unregistered online securities exchange and defrauded its...
It was a good Tuesday (Feb. 20) for bitcoin, Bloomberg reported. The popular cryptocurrency climbed by almost 4 percent to $11,502 at 7:15 a.m. – and could reach a one-month high. This increase comes as South Korean regulators have suggested that they would be in...
Just about three weeks after Credit Agricole became a minority shareholder in blockchain startup SETL, Citi is investing in the company, too, Coindesk reported. SETL seeks to make exchanges of cash and other assets easier with its ledger. Other investors include Computershare, Deloitte and banking company...
With an international bitcoin craze up and running, Congress is taking a closer look at how it can gain better oversight procedures for an asset class that has come from nowhere. Support for the measure has the rare stamp of bipartisan approval. “There’s no question...
What happens to a company when demand is so high that it can’t scale fast enough? What happens when bad guys make off with the cryptocurrencies its supposed to be trading, unauthorized charges gather steam or glitches snowball? If you’re cryptocurrency exchange Coinbase, with a...
The big bucks come anonymously in cryptoland. News came President’s Day that an anonymous investor ponied up nearly $400 million to snap up bitcoin, the name most synonymous with digital currencies. MarketWatch said Monday that the huge investment came from a bitcoin address, 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 to...
Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. Kim had...
An investigation by the Federal Communications Commission (FCC) has found evidence that a bitcoin mining operation based in the Brooklyn borough of New York City, New York, had interfered with T-Mobile US. Inc.’s broadband network. That investigation, announced Thursday (Feb. 15), and reported on by Reuters,...
Blockchains have been touted as the rails-underpinning efforts to decentralize payments, protect data, and share content. And when it comes to sharing content, it follows that video may be on that list of items that can be sent, and monetized, from peer to peer. Viewly...
