Mitsubishi UFJ Financial Group (MUFG), the biggest banking enterprise in Japan, is scheduled to release a cryptocurrency later this year, CoinDesk reported. The digital currency will be rolled out with the help of a holding company in Japan called Recruit Group that runs Hot Pepper...
Sohrab Sharma, the third co-founder of Centra Tech, has pled guilty to an initial coin offering fraud, according to CoinDesk. Sharma’s confession confirms that he, along with fellow co-founders Raymond Trapani and Robert Farkas, lied about their purported cryptocurrency partnerships and credentials. Sharma, in pleading...
Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. The the tool will decrease lending risks for holders of digital currency and allow for the rollout of decentralized...
A former Coinbase user, Jim Harper, is looking to protect his privacy from the IRS through a lawsuit, CoinDesk reported. The user received a now-infamous crypto letter from the IRS last August, which informed him and others that the IRS had “information” on their crypto...
Blockchain firm Binance has launched the Binance Card in Europe, which lets users convert multiple cryptocurrencies to fiat to spend at more than 60 million retailers, according to an announcement. Binance CEO Changpeng Zhao (CZ) said in the announcement, “By providing a tangible way to...
South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Lawmakers’ discussions established that the virtual assets can be construed as electronic certificates of economic value. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than...
Singaporean government-owned investment house Temasek and the Monetary Authority of Singapore (MAS) have wrapped up the final phase of describing a framework for using blockchain technologies to execute secure global transactions involving multiple currencies, the organizations said today in a joint news release. The work...
Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. from Dubai, Cointelegraph reported. The suspects were Olalekan Jacob Ponle, who used the alias “Mr. Woodbery,” and “Mark Kain,” and...
Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. Police in a Chinese city had reportedly taken 10 suspects into custody. The case’s purported victim had become a part...
