Court Fines Bitcoin Ponzi Scheme Operator $2.5 Million
Oct19

Court Fines Bitcoin Ponzi Scheme Operator $2.5 Million

The Commodity Futures Trading Commission announced on Thursday that its first Bitcoin-related anti-fraud enforcement action had yielded a significant victory, after a Federal court in New York ordered Nicholas Gelfman and Gelfman Blueprint, Inc (GBI) to pay civil penalties and restitution totaling more than $2.5 million. The defendants had been accused by the CFTC of operating a Bitcoin Ponzi scheme.

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Report Finds Rising Demand for Crypto and Blockchain Talent
Oct18

Report Finds Rising Demand for Crypto and Blockchain Talent

Glassdoor’s economic research team released a new report on blockchain and crypto job trends Thursday that revealed a marked increase in job openings throughout the crypto industry. The findings suggested that the number of open positions for blockchain-related employment surged by roughly 300 percent in the last year.

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Coinbase to Launch Dublin Office
Oct17

Coinbase to Launch Dublin Office

Coinbase has announced that the company will be opening a new office in Dublin, Ireland. The move is reportedly designed to ensure that the cryptocurrency exchange can continue to effectively serve customers in the EU, regardless of the outcome of the UK’s Brexit negotiations. A report from The Telegraph described the move as part of Coinbase’s “Brexit contingency planning.”

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Fidelity to Launch New Crypto Asset Company
Oct16

Fidelity to Launch New Crypto Asset Company

Fidelity Investments announced Monday that it will be launching a new company that will focus on managing digital currency assets for its clients, according to Bloomberg. The company revealed that its Fidelity Digital Assets business will provide crypto security, custody, trade execution, and customer services for trading firms, hedge funds, and other Fidelity customers.

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South Korea’s Top Financial Regulator Still Wary of ICO Risk
Oct14

South Korea’s Top Financial Regulator Still Wary of ICO Risk

South Korean Financial Services Commission Chairman Choi Jong-koo has been a critic of initial coin offerings in the past. Judging from comments he made during a recent National Assembly audit session of his agency, he still views them as an unacceptable risk and a potential threat to investors.

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