J.P. Morgan Chase will pay $2.5 million to settle a class action lawsuit regarding its decision in 2018 to start considering digital currency buys as cash advances, which brought about increased fees, Reuters reported. As part of the arrangement, the company is not admitting wrongdoing,...
The U.S. Securities and Exchange Commission (SEC) unveiled charges against California-based blockchain services firm BitClave PTE Ltd. for allegedly holding an unregistered initial coin offering (ICO) of digital asset securities, according to a press release. The firm has agreed to settle the charges by giving...
Gemini Trust Co. is teaming with Samsung Electronics Co. to let users exchange and keep digital assets on smartphones in an easier fashion, Bloomberg reported. Gemini is said to be the first digital currency exchange to allow Canadian and U.S. Samsung blockchain wallet users to...
Swiss startup Eidoo wants it to be easier to pay with bitcoin at points of sale using a debit card, typically a hefty proposition as retailers shy away from the currency due to volatility. Visa has approved the Eidoo Card, which will allow Visa merchants to...
The Official Monetary and Financial Institutions Forum (OMFIF) unveiled the debut of its Digital Monetary Institute, Cointelegraph reported. The think tank’s founding members encompass financiers, policymakers, regulators and technologists in addition to select firms such as Cypherium. The OMFIF seeks to create connections between the traditional banking...
With new microchip tech by Cardano, cryptocurrency users would be able to access payment services without an internet connection. Cardano’s idea could create a fiat-like experience for users, and it could open up possibilities like authenticating and managing luxury goods, like the ability to identify...
Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). Travala.com CEO Juan Otero said in the announcement, “We couldn’t be more excited to join forces with TravelbyBit, which is...
The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. The agency claims that it seized phones, computer equipment and cash, with the inclusion of U.S. dollars and...
Digital currency trading platform FalconX has notched $17 million in an Accel-led funding round, CoinDesk reported. The funding will reportedly help with a larger trade execution suite and new products in addition to transformations to the trading infrastructure designed to assist the firm in growth....
