The U.S. Department of Justice is looking for the seizure of nearly $400 million as part of the sentence of defendant Mark S. Scott, according to a letter posted by CoinDesk. Scott allegedly worked with Ruja Ignatova and others to launder roughly $392.94 million of...
The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported. Working in conjunction with stablecoin payment and foreign exchange platform Stablehouse, the idea was started last year but expedited due to...
The Bank of Korea (BOK) is speeding up its efforts to create a central bank digital currency (CBDC) experimental program, The Korea Times reported. BOK reportedly intends to release more information on a consulting collaboration with a local firm. A possible partner will assist the...
Crypto exchange ShapeShift is suing former engineer Azamat Mukhiddinov for allegedly stealing $900,000 in bitcoin via programs he installed on their servers, CoinDesk reported. Executives said on Thursday (Aug. 27), in a request for a jury trial, that Mukhiddinov’s reported theft was discovered May 21...
News came this week that Fidelity Investments has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch a fund focused on bitcoin. Although the fund has no investors as yet, it was incorporated earlier this year and will be named Wise Origin...
The head strategist of Fidelity Investments is leading a new cryptocurrency fund. “Wise Origin Bitcoin Index Fund I, LP” has a buy-in of at least $100,000, according to a filing with the U.S. Securities and Exchange Commission (SEC). The general partner of Wise Origin is FD Funds...
Internal pilots of China’s official cryptocurrency are in progress in multiple cities, and there are intentions to use the digital currency at Beijing’s Winter Olympic Games in 2022, Reuters reported. The head of the People’s Bank of China’s (PBOC) monetary policy section, Sun Guofeng, said...
Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. The effort is reportedly part of the “New Infrastructure Initiative” of the country to allow for information to be unchangeable and provided...
Asian digital asset platform OSL was given initial approval Friday (Aug. 21) to operate a virtual asset trading platform, according to a press release. Once the approval is finalized, the license will allow it to work in dealing in securities and as an automated trading...
