The U.S. Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 million, CoinDesk reported. The agency claimed that the defendant scammed investors between January 2018 and January 2019 as he purported to never finish a trading...
People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg reported. In a report, the Financial Intelligence Unit said that firms registered in other nations and led by eResidents have...
Closing at $10,793 on Sunday (Sept. 27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. The cryptocurrency’s previous record was between Dec. 1, 2017, and Jan. 31, 2018, in which the coin was valued at above $10,000 for...
Russian telecom regulator Roskomnadzor looks to be targeting Binance, the world’s largest cryptocurrency exchange, as a platform “disseminating prohibited information,” according to Cointelegraph. The regulator said Binance had been put on a list due to distributing data related to the acquisition of digital coins like...
As Ant Group, the online payment provider, prepares to go public, the China-based company has launched Trusple, a blockchain platform for cross-border trade by small- and medium-sized businesses (SMBs) to accelerate order processing. The Hangzhou-based division of Alibaba Group Holding Ltd. is seeking a record...
The Digital Commodity Exchange Act of 2020, which was proposed by a U.S. representative Thursday (Sept. 24), could put digital currency exchanges under one national structure, CoinDesk reported. U.S. Representative Michael Conaway of Texas, who is the House Committee on Agriculture’s ranking member, put forward...
Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user’s wallet. Origin said the digital currency is a...
The CEO of a Virginia-based software firm claimed that the Federal Reserve’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin, Bloomberg reported. “We feel pretty confident that Bitcoin is less risky than...
The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting...
