A lawsuit against crypto exchange Bitfinex will proceed. Bloomberg reported that New York state Justice Joel M. Cohen denied the company’s request to dismiss a suit brought on by New York Attorney General Letitia James, and also ruled that a temporary hold on the investigation...
Binance has announced plans to launch its blockchain project, Venus, to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. “Binance is looking to create new alliances and partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved...
Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin. The New York Times reported that the latest version of a website set up by the group’s military wing, known as the Qassam Brigades, provides...
The New York State Department of Financial Services (DFS) announced that it has granted a charter under New York Banking Law to Bakkt Trust to operate as a limited liability trust company. This is the first virtual currency trust company application approved under Superintendent of...
Ripple’s Xpring has made a 1 billion XRP grant in Coil, a platform dedicated to reimagining monetization on the web for creators and their fans. The funds will be use to drive adoption of XRP and the Interledger Protocol (ILP) via Coil’s monetization platform. “Creators...
The Internal Revenue Service has issued another warning to cryptocurrency investors with federal returns that don’t match the information received from virtual currency exchanges. Bloomberg reported that in letters to the investors, the agency did acknowledge that the trading exchanges may have made the errors....
Nevada is enforcing stricter regulations on cryptocurrency kiosks, and will now require them to have a state money transmission license. BitAML Senior Advisor Annelise Strader told CoinDesk that the state’s regulatory team recently changed its interpretation of what is considered a money transmitter within the...
The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. The agency is looking to...
New Zealand has become the first country to legally allow wages to be paid in cryptocurrencies. The ruling excludes the self-employed from earning incomes in digital currencies. Companies that opt to pay employees in crypto will be able to deduct tax under the country’s pay-as-you-earn...
