New York’s attorney general sued crypto platform Coinseed Wednesday (Feb. 17), accusing it of defrauding thousands of investors out of over $1 million, Reuters reported. New York Attorney General Letitia James also alleged that Coinseed sold its tokens without being authorized to raise money for...
Bitcoin hit a new record Thursday (Feb. 11), surging past $48,000, CNBC reported. The price surge followed reports that Bank of New York Mellon is launching a digital asset platform that will include custody services for bitcoin. The announcement reflects bitcoin’s move into the mainstream,...
Adyen CEO and Co-founder Pieter van der Does said that using bitcoin and other cryptocurrencies as payment methods is not something he is considering, nor are clients asking for it, CNBC reported on Thursday (Feb. 11). “Bitcoin is more of an investment asset than a...
Open-source decentralized finance (DeFi) blockchain ecosystem Celo raised $20 million from partners including Andreessen Horowitz, Greenfield One and Electric Capital, according to a press release. This brings its total backing to over $65 million. Celo also announced the official launch of its mobile remittance and peer-to-peer...
Former British Parliament member Nick Boles called on central banks to ban bitcoin, in a tweet Tuesday (Feb. 9). “Central banks should ban the trading of it, and force anyone who holds Bitcoin and wants to use it in any transaction, to exchange it for...
Bitcoin shot above $44,000 on Monday (Feb. 8), after Tesla revealed in a filing that it had purchased $1.5 billion of bitcoin, CNBC reported. Tesla is also considering allowing bitcoin as a method of payment for its products. Tesla CEO Elon Musk caused a similar...
Metal Pay, a U.S.-based peer-to-peer (P2P) cryptocurrency payments platform, has filed for a national bank charter with the Office of the Comptroller of the Currency (OCC), CoinDesk reported. The bank would be named the “First Blockchain Bank and Trust, N.A.” and incorporated in South Dakota,...
Digital money platform Uphold has acquired Optimus Cards UK, which works in debit and credit card issuing in the U.K. and Europe, according to a press release. Optimus is an electric money institution and regulated by the Financial Conduct Authority (FCA). It serves customers in...
Crypto exchange Gemini is partnering with digital currency lender Genesis to give its users 7.4 percent annual percentage yield (APY) on their digital holdings, CoinDesk reported. The partnership is part of Gemini’s push to encourage customers to hold their cryptocurrency on its exchange. The offering...
