SEC Indicts BitConnect Founder and Lead US Promoter

The US Securities and Exchange Commission (SEC) has continued its efforts against multi-billion dollar crypto scam BitConnect and brought fraud charges against its Founder, Satish Kumbhani, and its top US promoter, Glenn Arcaro and his affiliate. This action came after the market regulator settled charges with another three US BitConnect promoters last month for a hefty disgorgement amount and fine.  […]

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Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot

The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot’s findings will be used to inform the “development of global and […]

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Microsoft receives patent for ledger-independent token service

U.S. tech giant Microsoft has secured a patent for a ledger-independent token service at a time when global behemoths are increasingly filing blockchain patents. The patent lays out a system for managing all kinds of tokens, regardless of the blockchain network in which they are deployed. The computer software and consumer electronics giant, which is the world’s second-largest company filed […]

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Why The Terra Ecosystem Delayed A Major Mainnet Upgrade

After a 130% rally over the past month, Terra (LUNA) is one of the best-performing assets in the crypto market. At the time of writing, LUNA trades at $31.95, a little over a year ago it was barely breaking out above $1. The massive price appreciation is driven by a growth in the LUNA ecosystem and an increase in demand […]

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El Salvador police arrested and released Bitcoin detractor without a warrant

An El Salvadorian news outlet has reported that local police arrested a computer and cryptocurrency expert who was critical of the country accepting Bitcoin as legal tender for hours before later releasing him. According to multiple interviews conducted Wednesday by La Prensa Gráfica, the San Salvador police arrested computer specialist Mario Gómez today without a warrant, seizing his phone and […]

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BlockFi board of directors replaces 'Crypto Dad' after four months

Former Commodity Futures Trading Commission chair Christopher Giancarlo, also known as “Crypto Dad,” will be leaving crypto lending firm BlockFi’s board of directors, but continuing to advise the group on digital assets. In a Wednesday announcement, BlockFi said Ellen-Blair Chube, a managing director and client service officer at investment banking firm William Blair & Company, would be replacing Giancarlo. BlockFi […]

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