CEO of payment processor PayPal Dan Schulman revealed during an interview on PayPal’s departure from Libra that the only cryptocurrency he owns is Bitcoin. Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its…
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Former Locke Lord LLP partner allegedly received $50 million to launder $400 million for OneCoin co-founder and current fugitive Ruja Ignatova. United States prosecutors told a Manhattan jury that lawyer Mark S. Scott was paid $50 million to help OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million. On Nov. 20, Law360 reported that…
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Think tank The Rand Corporation has released a report on investigating illicit transactions on the dark web, including the use of cryptocurrencies. United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement. On Nov. 20, The…
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Chinese companies submitted around 7,600 blockchain patent applications between 2009 and 2018, about three times as many as U.S.-based companies. Measured by patent applications in the sector, China is handily outpacing other countries including the United States in blockchain technology. On Nov. 20, Japan-based financial newspaper Nikkei reported that Chinese companies submitted around 7,600 applications between…
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Guests on a Bloomberg panel agreed that Bitcoin becomes more attractive during times of irresponsible monetary policies from central banks and governments globally. John Pfeffer, founder of Pfeffer Capital, together with Travis Kling, founder and CIO of Ikigai Asset Management and Charles McGarraugh, head of markets for Blockchain, discussed Bitcoin (BTC) in the context of…
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U.S.-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a crypto brokerage platform via a newly-launched offshoot, Trade Station Crypto. United States-based Trade Station — a subsidiary of Coincheck owner Monex Group — is launching a cryptocurrency brokerage platform via a newly-launched offshoot called Trade Station Crypto. As Cointelegraph Japan…
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The United States Federal Reserve System is exploring the development of a digital currency and what issues and risks it could potentially pose. The United States Federal Reserve System is exploring the development of a central bank digital currency (CBDC) and what issues and risks it could potentially pose. Federal Reserve Board Chairman Jerome Powell…
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Singapore’s central bank and financial regulator, the Monetary Authority of Singapore, has proposed bringing crypto derivatives trading under its purview. Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), has proposed bringing crypto derivatives trading under its purview. According to a BNN Bloomberg report on Nov. 20, the MAS’ proposal would make…
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Binance, the second-biggest crypto exchange, fell out of CryptoCompare’s new exchange rankings due to security concerns. London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in…
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The U.S. Internal Revenue Service reaffirms its summons on crypto trading platform Coinbase in an income tax investigation as completely legitimate in fresh filing. The United States Internal Revenue Service (IRS) has argued that its summons on major American crypto exchange Coinbase is indeed legitimate in a recent filing. Per a Nov. 15 filing, the…
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