Innovative technology company Horizon State recently announced its return to the marketplace, with new ownership and management. According to an October 31 press release, Timothy Goggin is the firm’s new Chief Executive Officer.
Swiss-based digital asset bank Sygnum announced in a press release Thursday that it has been granted a capital markets services (CMS) license by the Monetary Authority of Singapore (MAS). That approval will enable the company to begin providing digital asset investment strategies and product offerings to qualified investors in Singapore.
The Inter-American Development Bank (IDB) has reportedly partnered with startup company ChromaWay for a two-year initiative dubbed “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry. That’s according to ChromoWay, which announced the venture on the company’s blog.
Digital asset futures trading platform Bakkt has plans to release a new consumer app in the near future, according to a blog post published on October 28. In the post, Chief Product Officer Mike Blandina suggested that the app is part of the company’s effort to deliver digital asset payment opportunities for both consumers and merchants:
On Friday, Bitfinex published a statement in response to Crypto Capital principal Manuel Molina Lee’s extradition to Poland this week. Bitfinex categorically rejected any suggestion that it had any involvement in Crypto Capital’s alleged laundering of drug proceeds or other illicit activities.
According to Forbes Russia, Telegram Open Network investors have reportedly agreed to Telegram’s proposed delay in the launch of the platform, voting against a proposed refund option. The voting investors included participants in both TON funding rounds, with a majority agreeing to the April 30 launch delay.
In a post published on its website today, Binance US announced that customer USD deposits are now eligible for Federal Deposit Insurance Corporation (FDIC) coverage. According to the announcement, all customer dollar deposits are kept in “pooled custodial accounts” maintained at a number of FDIC-insured banks:
On Wednesday, Telegram responded to the Securities and Exchange Commission’s October 11 emergency action seeking a preliminary injunction against the company and its Gram digital token. In an October 16 court filing, the company asked the federal court to reject the SEC’s preliminary injunction request, arguing that the action could be “misconstrued” by the public, Telegram’s customers, and investors:
The Libra Association has confirmed its initial membership, as the 21 remaining members gathered in Geneva to formally sign on to the organization’s charter, CNBC reports. The signing came after a tumultuous two weeks that saw one quarter of the original 28 founders withdraw from the project.
A group of major automobile manufacturers are planning to begin field testing of a new blockchain-based vehicle ID system in the United States next month, Nikkei Asian Review reports. The system reportedly uses blockchain technology to enable drivers to pay highway tolls and parking costs automatically.
The United States Securities and Exchange Commission announced Friday that it has obtained a temporary restraining order against Telegram Group and its subsidiary TON Issuer. In a press release, the SEC said that the complaint alleges that Telegram and TON Issuer have been conducting an ongoing, unregistered digital token offering in violation of Securities Act registration provisions.
Facebook’s Libra project suffered yet another public setback on Friday, as four of the Libra Association’s founding members announced their exit from the project, CNBC reports. The four early project backers – Visa, eBay, Stripe, and Mastercard – all indicated that they continue to support efforts like Libra but have decided to focus their attention on their own business goals.
A class-action lawsuit filed on Sunday accuses Bitfinex and Tether of manipulating the price of Bitcoin, and “propping and popping the largest bubble in history,” Bloomberg reports. The lawsuit alleges that the defendants’ actions have likely caused damages of more than $1.4 trillion.
The Financial Conduct Authority (FCA), the regulatory agency responsible for overseeing the UK financial industry, has dramatically increased its scrutiny of cryptocurrency-related businesses over the last year, the Financial Times reports.
In a series of tweets this weekend, Coinbase CEO Brian Armstrong let the world know what he thought about the United States government’s response to Facebook’s proposed Libra digital currency payment system. In his tweets, Armstrong called the U.S. response “ridiculous” and suggested that the government was acting like it wanted “to be left behind.”
Payment services giant PayPal announced Friday that it will no longer be participating in the Libra Association, CNBC reports. In a statement, PayPal said that it still support’s the Libra project’s goals, but plans to focus on its own business priorities for improving access to financial services:
When asked this week whether his company would be launching its own cryptocurrency to compete with Facebook’s proposed Libra digital currency payment system, Apple CEO Tim Cook told the newspaper Les Echos that there are no plans for an Apple digital currency, CNBC reports.
Ohio Treasurer Robert Sprague announced yesterday that his office is immediately suspending the OhioCrypto.com site, which was launched last November by former Treasurer Josh Mandel to provide the state’s businesses with an option to pay their taxes using bitcoin.
The Libra Association has asked its 28 members to formalize their involvement with Facebook’s Libra project by signing on to a charter later this month, according to a Bloomberg report that cited “people familiar with the matter.” Those sources told Bloomberg that four of those early project backers appear to be undecided about whether to formally sign the organizing charter.
The U.S. Securities and Exchange Commission announced on Monday that it has reached a settlement with Block One to address the company’s unregistered initial coin offering for its EOS project. The firm reportedly raised $4 billion in an ICO conducted from June 2017 until June 2018. Block One agreed to pay a monetary penalty of $24 million.