California lawmakers have introduced a bill that would attempt to more clearly define how cryptocurrency is meant to be treated, and definitively determine if it is an investment contract. According to the law, digital securities “presumptively not an investment contract” would not be subjected to...
Seattle-based digital currency ATM company Coinme has brought in a $5.5 million investment as it experiences rising interest in its network, GeekWire reported. The company was started in 2014 and has 28 staffers and over 3,500 locations throughout 27 states. Neil Bergquist, the company’s CEO,...
Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. That forced the entire operation to shut down for six...
TokenAnalyst is shuttering its operations, according to a Medium post. The TokenAnalyst team said it will no longer support the company’s application programming interfaces (APIs) and platform. The team said it would not “actively” work on TokenAnalyst any longer, but it noted that some of...
U.S. Senate staffers put forward the idea of blockchain voting in a “continuity of Senate” memo at the end of April, CoinDesk reported. The staffers wrote, per the report, that “the Senate may consider blockchain” in the event that all of its members have to...
Telegram delayed its TON blockchain rollout, which moves its date to go live to next year and sparks an expensive clawback measure, CoinDesk reported. The app is reportedly willing to give back as much as 72 percent of every investor’s stake, with the terms arranged...
Bitcoin blackmail scams are on the rise, according to the Federal Trade Commission (FTC). The scams are usually centered around emails claiming to have recorded the user visiting an adult website. The fraudster threatens to send that video to the user’s family if the user...
Richard Weber has been named to the position of general counsel at the New York State Department of Financial Services (DFS), according to an announcement from Superintendent of Financial Services Linda A. Lacewell. Weber was most recently head of Financial Crime Prevention for the Americas at...
To help government units and healthcare organizations discover non-traditional suppliers who have changed course to address the shortage of supplies needed for COVID-19 relief efforts, IBM unveiled a blockchain-based network called IBM Rapid Supplier Connect. The technology is available without a cost up until August 31 to...
