At least three companies that threw their support behind Facebook’s bid to create a global cryptocurrency network within its apps are considering leaving the Libra Association as regulators level on the project, Financial Times reports. The disquieted companies are not named, but some reportedly fear… Read More
Cryptocurrency skeptics, in particular, these days are closely watching the showdown now underway between sister crypto companies Bitfinex and Tether and the New York Attorney General’s Office, which has alleged fraud at the two firms. As a bit of background, Tether makes a synthetic US… Read More
Tagged bitfinex, lawsuit, new york attorney general, perspective, tether
Sky Justin Gornik, 39, of San Diego, has been sentenced to 70 months in prison for conspiracy to deliver, distribute and dispense controlled substances through the internet and conspiracy to launder drug proceeds using digital currencies. According to the August 19th release regarding the conviction… Read More
Tagged darknet, sky justin gornik
Blockchain forensics firm Chainalysis has launched a “Know Your Transaction (KYT)…real-time anti-money laundering (AML) compliance solution for monitoring cryptocurrency transactions…across 15 cryptocurrencies.” Networks covered by the software include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, stablecoins and ERC-20 tokens such as Tether, Maker, and Dai. The company… Read More
Tagged chainalysis, gemini, michael breu
A dozen engineers who work or have worked for “blockchain” consortium R3 are contributing to a group chat critical of the company, The Block reports: “(T)he aforementioned group chat documents complaints ranging from R3’s so-called ‘poor’ company culture and concerns over its core, pay-to-use DLT… Read More
The Security Service of Ukraine has found unauthorized cryptomining set ups in facilities South Ukrainian Nuclear Power Plant facilities Internet UA reports. One system was found in “Office 104” and another in dormitory facilities housing members of the Ukrainian National Guard, who are tasked with protecting… Read More
Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded. Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the… Read More
Tagged fox news, martha macallum, overstock, patrick byrne, tzero
In a “Dear Shareholders” letter, Overstock (NASDAQ:OSTK) CEO and blockchain visionary Patrick Byrne submitted his resignation as both CEO and board member effective immediately. In afternoon trading, shares in Overstock are up by around 7%. The move by Byrne came following the fallout from comments… Read More
Tagged medici ventures, overstock, patrick byrne, tzero
Blockchain software firm BitGo announced on Thursday the launch of its new multi-signature wallet and custody for EOS. BitGo reported it now supports more than 200 coins and tokens enabling institutional clients to hold assets. BitGo further explained: “The EOS token is one of the… Read More
Tagged bitgo, cryptocurrency, custody, digital currency, eos, wallet
Old finance continues to leverage one of its most valuable assets: lots of money. While traditional banks may struggle to innovate and adapt they continue to do what they do best which is to spend money on emerging tech to hedge against a sectorial shift…. Read More
Tagged banking, cbinsights, citi, goldman sachs, investment, jp morgan chase, perspective
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