A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association. May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO. Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and…
Read more
A lawyer who recovered $25 billion for his clients explains why his firm has brought 12 class action lawsuits against crypto heavyweights. A former Department of Justice, or DOJ, special counsel explains why his firm has brought twelve class action lawsuits against some of the biggest firms in crypto, and how it will benefit the…
Read more
De Nederlandsche Bank has issued an ultimatum to all domestic cryptocurrency service providers offering fiat support to register with the institution by May 18. The Netherlands’ central bank, De Nederlandsche Bank (DNB), has issued an ultimatum to all fiat-supporting cryptocurrency service providers to register with the institution by May 18. In a news release published…
Read more
The Kleiman estate intends to file a motion for sanctions against Craig Wright claiming that a list of Bitcoin addresses he provided the court were fake. The Kleiman estate intends to file a motion for sanctions against Craig Wright claiming that a list of Bitcoin addresses he provided the court were fake. They also claim…
Read more
A former President of China’s central bank says the digital yuan will be able to eventually replace cash if four key conditions are met. Former Bank of China President, Li Lihui, has revealed the launch of the digital yuan is imminent, and that the currency can replace cash if four key conditions are met. The…
Read more
The European Central Bank says global stablecoins require clear regulatory structure prior to approval. In a recent in-depth report on global stablecoins, the European Central Bank, or ECB, pushed for clear regulatory parameters for stablecoins, citing risks as well as gaps in current regulations. “In order to reap the potential benefits of global stablecoins, a…
Read more
The SEC has introduced temporary changes to crowdfunding regulations that make it easier for firms to raise funds amid the coronavirus pandemic. The United States Securities and Exchange Commission (SEC) has introduced temporary changes to its Regulation Crowdfunding offering guidelines, making it easier for crypto blockchain firms seeking to launch on via platforms like Indiegogo…
Read more
The U.K.’s financial regulator is launching its digital sandbox early to foster innovative firms developing solutions to the coronavirus outbreak. The United Kingdom Financial Conduct Authority (FCA) announced it will pilot a digital sandbox intended to foster innovation from firms developing solutions addressing the COVID-19 pandemic on May 4. While applications have not opened yet…
Read more
American TON investors will be reportedly only eligible for an immediate 72% repayment instead of a 110% refund option in April 2021. Soon after missing the April 30 deadline to launch the Telegram Open Network (TON), Telegram sent another letter to its investors. In the new letter, Telegram reportedly said that American TON investors will…
Read more
US Senator and former Bakkt CEO finally filed her financial disclosures after a four-month extension and an insider trading scandal, revealing that she is very rich indeed. Per her financial disclosures, filed the evening of May 1 after an extension in January, Loeffler’s assets are significant, as was her income as CEO of Bakkt. The…
Read more
