Bitcoin surpassed $10,000 on Sunday (July 26) for the first time since June, hitting $10,200, Reuters reported. On June 2, bitcoin hit a high of $10,137, but quickly fell more than $800. Bitcoin has been negatively impacted by the pandemic over the past few months,...
YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud, according to court documents. Ripple has noticed in the past several years that scammers have taken to numerous schemes to defraud...
Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement. The governmental body said that thrifts, along with state and national banks, have a lengthy history of...
The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release. The release says MAS intends to broaden the scope of anti-money-laundering activity...
Mitsubishi UFJ Financial Group (MUFG), the biggest banking enterprise in Japan, is scheduled to release a cryptocurrency later this year, CoinDesk reported. The digital currency will be rolled out with the help of a holding company in Japan called Recruit Group that runs Hot Pepper...
Sohrab Sharma, the third co-founder of Centra Tech, has pled guilty to an initial coin offering fraud, according to CoinDesk. Sharma’s confession confirms that he, along with fellow co-founders Raymond Trapani and Robert Farkas, lied about their purported cryptocurrency partnerships and credentials. Sharma, in pleading...
Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. The the tool will decrease lending risks for holders of digital currency and allow for the rollout of decentralized...
A former Coinbase user, Jim Harper, is looking to protect his privacy from the IRS through a lawsuit, CoinDesk reported. The user received a now-infamous crypto letter from the IRS last August, which informed him and others that the IRS had “information” on their crypto...
Blockchain firm Binance has launched the Binance Card in Europe, which lets users convert multiple cryptocurrencies to fiat to spend at more than 60 million retailers, according to an announcement. Binance CEO Changpeng Zhao (CZ) said in the announcement, “By providing a tangible way to...
