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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Fake Flash Updates Reportedly Used for Cryptojacking that Installs Crypto Miners
Oct13

Fake Flash Updates Reportedly Used for Cryptojacking that Installs Crypto Miners

NBC News reported this week on a Palo Alto Networks blog post that revealed an effort by some cryptojackers to use a fake Adobe Flash update to install cryptocurrency miners on computers. The cybersecurity company announced the findings on Thursday, and confirmed that the malware used to execute the cryptojacking is far more deceptive than most fake Flash updates

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CipherTrace Report: Crypto Theft on the Rise in 2018
Oct12

CipherTrace Report: Crypto Theft on the Rise in 2018

A new report from cybersecurity company CipherTrace was released this week, and its findings suggest that the first nine months of 2018 saw a dramatic rise in thefts involving cryptocurrency. The report found that $927 million in cryptocurrency was stolen from digital currency exchanges and other platforms between January and September, according to Reuters.

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Senate Banking Committee Hearing Offers Two Opposing Views on Crypto
Oct11

Senate Banking Committee Hearing Offers Two Opposing Views on Crypto

U.S. Senators who attended the Banking Committee hearing on cryptocurrencies Thursday were provided two vastly different assessments of the technology and its potential, according to a report from the Washington Examiner. The hearing featured testimony from Bitcoin skeptic Nouriel “Dr. Doom” Roubini and Coin Center research director Peter Van Valkenburgh.

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Blockfolio Raises $11 Million in Funding
Oct10

Blockfolio Raises $11 Million in Funding

Millions of cryptocurrency enthusiasts rely on the Blockfolio app to track their digital currency portfolio in real-time. On Wednesday, the company announced that its latest funding efforts have raised $11.5 million in capital, according to Fortune.

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FINMA Issues First Crypto Asset Management License
Oct09

FINMA Issues First Crypto Asset Management License

The Swiss Financial Market Supervisory Authority (FINMA) announced today that it has granted a cryptocurrency asset management license to Crypto Finance AG subsidiary Crypto Fund, according to reports from Swiss media outlet Swissinfo.

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Binance: Future Project Listing Fees Will Be Donated to Charity
Oct08

Binance: Future Project Listing Fees Will Be Donated to Charity

Cryptocurrency exchange Binance has announced changes to its policy for listing fees. In an online post, the company confirmed that it will be more transparent about those fees and intends to donate all collected listing fees to charity. Binance suggested that the change is designed to enhance its charitable efforts and “the use of blockchain for the greater good.”

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Norway’s New Money Laundering Regs To Go into Effect October 15
Oct07

Norway’s New Money Laundering Regs To Go into Effect October 15

Norway’s Financial Supervisory Authority has announced that its new money laundering regulations will go into effect on the 15th of October. The new rules will require Norway’s digital currency exchanges and cryptocurrency storage services to properly register with regulators and comply with the provisions of the Money Laundering Act.

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SEC Announces October 26 Deadline for Comments on Review of Nine Rejected Bitcoin ETF Applications
Oct06

SEC Announces October 26 Deadline for Comments on Review of Nine Rejected Bitcoin ETF Applications

In August, the Securities and Exchange Commission confirmed that it would be reviewing its rejection of nine Bitcoin ETF applications just one day after it rejected them. This week, regulators provided a deadline that suggested a final decision could be rendered before the end of October.

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Winklevoss Twins’ Gemini Trust Secures Insurance for Crypto Assets
Oct05

Winklevoss Twins’ Gemini Trust Secures Insurance for Crypto Assets

Cameron and Tyler Winklevoss’ Gemini Trust Co. announced in a press release this week that it has secured insurance coverage for client cryptocurrency holdings maintained by the exchange, according to a press release. The coverage was secured through “a global consortium of industry-leading insurers and arranged by Aon” and complements the Federal Deposit Insurance Corporation that protects customers’ U.S. dollar holdings.

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TD Ameritrade Announces Investment in ErisX Platform
Oct04

TD Ameritrade Announces Investment in ErisX Platform

TD Ameritrade announced on Wednesday that the company is investing in the ErisX exchange, according to a report from CNBC. During a phone interview, TD Ameritrade futures and foreign exchange managing director JB Mackenzie confirmed that the Omaha-based brokerage firm’s clients have been requesting greater access to cryptocurrency trading.

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Former President Clinton Praises Blockchain Potential at Swell by Ripple
Oct02

Former President Clinton Praises Blockchain Potential at Swell by Ripple

During a question and answer session at the Swell by Ripple Conference in San Francisco yesterday, former U.S. President Bill Clinton discussed his presidency, government’s role in preventing financial and other disasters, and aspects of the current cryptocurrency and blockchain revolution. Clinton praised blockchain’s potential benefits but cautioned that those benefits could be lost due to divisiveness and bad policies:

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Bank of Canada Examining Issues Related to Central Bank Digital Currency
Oct01

Bank of Canada Examining Issues Related to Central Bank Digital Currency

Bank of Canada deputy governor Timothy Lane recently confirmed that the bank is currently exploring “key questions” related to the potential issuance of a central bank digital currency, according to a report from Toronto news outlet CP24. He reportedly made the comments during a University of Calgary speech.

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At UN, Malta’s PM Calls Crypto “Inevitable Future of Money”
Sep30

At UN, Malta’s PM Calls Crypto “Inevitable Future of Money”

Malta’s Prime Minister, Dr. Joseph Muscat, addressed the United Nations General Assembly this week in a speech that touted his country’s leadership role in embracing and promoting new technological innovation. He noted that his country has worked to “regularize” blockchain technology and told the assembled world representatives that cryptocurrencies are the “inevitable future of money.”

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Congress Calls for SEC to Clarify Position on Crypto Regulation
Sep29

Congress Calls for SEC to Clarify Position on Crypto Regulation

Members of Congress met this week with more than 50 representatives from the worlds of cryptocurrency, finance, and investment capital at a roundtable discussion in the U.S. capital. The crypto representatives reportedly urged congressional representatives to provide greater regulatory clarity for the industry. The lawmakers have responded to those calls by delivering a letter to SEC Chairman Jay Clayton that urges the agency to clarify how it intends to approach regulation for the cryptocurrency industry.

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Malta’s New Crypto Laws to Go into Effect Nov 1st
Sep28

Malta’s New Crypto Laws to Go into Effect Nov 1st

The government of Malta has announced that its new legislation for cryptocurrency and blockchain technology will go into effect on November 1, 2018. The measures had been approved in June by the nation’s Parliament and are designed to provide guidance and oversight for cryptocurrencies, blockchain technology, and initial coin offerings (ICOs).

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