US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors
The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer "extraordinary profits" from a cryptocurrency trading scheme.
$1 million in cryptocurrencies was in stolen Kiev
According to some reports, the funds were distributed between various exchanges for fiat withdrawal. The police are investigating, and the recent blocking of user accounts on the Binance cryptocurrency exchange was caused by this theft.
Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies
Major Swiss private banking and wealth management group Julius Baer has launched a digital assets trading and custodial service via a partnership with regulated crypto-specialist Seba.
Texas Securities Board Added Cryptocurrencies to List of Top Threats to Investors
Texas regulators have included cryptocurrencies in their list of top threats to investors, according to the latest Texas Investor Guide.
Australians Won’t Use Libra, Believes Central Bank
The Reserve Bank of Australia (RBA) has expressed doubt over whether cryptocurrencies, including Libra and central bank digital currencies (CBDCs), will ever become viable solutions.
ESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020
The European Securities and Markets Authority (ESMA) plans to push for more regulation around cryptocurrencies and related products as part of its 2020 focus.
Ethereum researcher Virgil Griffith has now been formally indicted in North Korea case
Ethereum research scientist Virgil Griffith has now been formally charged for allegedly assisting North Korea in learning more about blockchain and cryptocurrencies.
Crypto lender BlockFi adds support for USDC and Litecoin
Crypto lender BlockFi has added support for USD Coin (USDC) and Litecoin (LTC) across all of its offerings.
Ethereum research scientist Virgil Griffith denied bail in North Korea case
Ethereum research scientist Virgil Griffith, who was arrested last month for allegedly assisting North Korea in learning more about blockchain and cryptocurrencies, has been denied bail.
Traditional Payment Processing Companies Are Increasingly Focusing on Crypto
More than two decades after the dot-com bubble ushered in a new era of digital commerce, the payment infrastructure is still very much in flux. That reality is even more prevalent as 2020 approaches, and the cryptocurrency movement is offering a new tool and a unique complication into today’s approach to executing payments.
Gov't seeking to levy taxes on virtual currency
The government is seeking to impose taxes on capital gains from transaction of virtual currencies, including bitcoin, according government sources, Sunday. The Ministry of Economy and Finance confirmed it is pushing for the measure to be reflected in tax regulations next year.
Binance.US Now Lets Users Buy Cryptocurrency With Debit Cards
Customers of the United States-based branch of major crypto exchange Binance, Binance.US, can now purchase cryptocurrencies using their debit cards.
Germany Warns of Privacy Token Usage in Money Laundering and Terrorism
The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them.
Nearly 75% of German Consumers Would Reject Facebook’s Libra: Survey
Almost three-quarters of German consumers would not use Facebook's planned digital currency Libra, according to a recent poll.
CoinMarketCap now publishes interest rates on cryptocurrencies, allowing users to compare and choose
Cryptocurrency data provider CoinMarketCap has launched a new page, where it publishes interest rates offered on several cryptocurrencies, to help users compare and choose a suitable product.
Redefining Financial Services In 2019
When people used to ask me what I did for work, I would typically answer the question by saying I was in the financial services industry.
Analysts: Cryptocurrencies are growing thanks to Chinese money
Over the past day, the total capitalisation of digital currencies has grown by more than $8.3 billion and the main growth was shown by Bitcoin and Ethereum. The growth may be caused by Binance’s p2p platform launch, where bitcoin and ether will be traded for RMB, FxPro analysts told LetKnow.News.
Ripple Invests $750,000 to Bring XRP to Crypto Wallet BRD
Mobile wallet provider BRD is partnering with Ripple’s Xpring to boost XRP adoption.
Get Protocol. Project Description
Get Protocol represents a rather rare category of niche ICO projects. It was launched at the peak of interest in cryptocurrencies at the end of 2017, almost collapsed during the “crypto winter” in 2018, but not only survived the crisis, but started to grow and develop again.
Algo Capital Loses Crypto Funds After CTO’s Phone Is Hacked
Algo Capital, an investment firm focused on the Algorand blockchain, lost a few million dollars in USDT and ALGO tokens after its chief technology officer’s phone was breached, CoinDesk has learned.