Backpage founders charged with using crypto to launder $500M
The U.S. Department of Justice has dropped the hammer on Backpage.com and its founders, accusing the site of being a global player in prostitution-related activity.
Articles By Erik Gibbs:
NYSE: Investors trust cryptocurrency more than Federal Reserve
So popular is cryptocurrency as an investment option that even the chief executive of the International Exchange Inc. (ICE), owner of NYSE, admits that crypto is trusted more than the Federal Reserve.
Sham company attempts to capitalize on Telegram’s ICO
A company called the Telegram Open Network Limited (TONL) purported to be started by the real founder of Telegram, Pavel Durov, has been capitalizing on the fame surrounding the social media platform.
Nano developers face class-action lawsuit
Law firm Silver Miller is suing to have the Nano altcoin conduct a hard fork that could “reset” the digital currency’s amount to where it was prior to the theft of 17 million Nano coins, worth around $187 million, in February.
Is Bitfinex conducting fraud? Poland thinks so
An account that is possibly associated with cryptocurrency exchange Bitfinex has had its assets frozen at a bank in Skierniewice, Poland, according to reports.
India making ‘huge mistake’ in blocking cryptocurrency, Tim Draper says
In Tim Draper's opinion, Bitcoin and blockchain technology have the ability to change how businesses operate, and opines that they are “best things to have happened for business.”
UK issues guidelines for cryptocurrency derivatives
The Financial Conduct Authority announced that cryptocurrency derivatives, such as futures, opts or contracts for difference (CFD), fall under the UK’s Markets in Financial Instruments Directive II.
Foxconn tapped to manufacture $1,000 blockchain phone
Foxconn has teamed up with Swiss startup Sirin Labs to launch a blockchain smartphone. The Android-based phone won’t come cheap, and reportedly has a starting price of almost $1,000.
India regulators nix crypto transactions in banks
Central bank-backed financial institutions in India are no longer permitted to allow their customers to purchase cryptocurrency through their accounts.
Private coin Verge forks after massive 51% attack
A massive attack on the Verge blockchain has resulted in the altcoin creating an obligatory hard fork to stop the attack.
Mt. Gox CEO could receive billions of dollars, says ‘No, thanks’
Mark Karpeles is on the verge of receiving over 160,000 BTC and Bitcoin Cash, which is currently worth more than $1 billion, following reconciliation of accounts after creditors and exchange users were paid their shares.
12 South Korean crypto exchanges ordered to rewrite contracts
South Korea’s Fair Trade Commission came down hard on a handful of cryptocurrency exchanges, telling the operators their contracts didn’t provide the necessary consumer protection required by law.