Airbnb Co-Founder Backs $22 Million Funding for Crypto Dealer SFOX

The Federal Trade Commission (FTC) said it’s sending PayPal payments totaling more than $470,000 to people who lost money to two pyramid schemes involving cryptocurrencies.According to the FTC, the defendants promoted Bitcoin Funding Team and My7Network, which falsely promised that participants could earn large sums of money by paying cryptocurrency such as bitcoin or litecoin…

news Investors in the “clink” token launched by Korean social media firm Cyworld earlier this year are up in arms over the firm’s abrupt closure. As reported in The Korea Times, Cyworld shut down on Oct. 1 without warning, leaving clink investors uncertain if their holdings continue to have any value. Adding to the mess, two…

news A bitcoin scaling solution called the lightning network may soon come to Square’s Cash App for mobile payments. Twitter and Square CEO Jack Dorsey, an investor in the bitcoin-oriented startup Lightning Labs, recently announced during an interview with podcaster Stephan Livera that there are plans to integrate the scaling technology with Square’s mobile app.…

IBM has released a cryptographic signing technology for handling digital assets in cold storage, reducing the risk associated with manual procedures while keeping assets at arm's-length from an internet connection.The tech giant - often called the Big Blue - said in a statement on Tuesday that its IBM Hyper Protect Offline Signing Orchestrator (OSO) helps

Bitcoin (BTC) and ether (ETH) kept trading within recent price ranges as the expiry of quarterly options and a strengthening dollar index failed to unsettle investors.At 08:00 UTC, around 150,000 BTC options contracts, worth around $4.5 billion, and 1.2 million ether contracts, worth $2.3 billion, expired on Deribit, the world's leading crypto options exchange. Deribit…

A draft bill by House Financial Services Committee Chair Patrick McHenry (R-NC) and Agriculture Committee Chair Glenn "GT" Thompson (R-PA) shows just how impossible it is to write crypto legislation that exempts tokens from securities laws while keeping traditional securities issuers regulated.Many in the crypto industry cheered this discussion draft, including former Commodities and Futures…

The exploit at DeFi giant Curve Finance has driven down the price of its CRV token, putting an $168 million stash of founder Michael Egorov's money at risk of being liquidated.That could create pressure in the DeFi ecosystem, as seized assets would have to be sold – into a market where prices are already falling.Chaos…

Jun 17, 2020 at 19:00 UTCUpdated Jun 17, 2020 at 19:14 UTCWhat Satoshi Understood: Nobody Knows You’re a Dog on Social Media, Feat. The Crypto DogA conversation about pseudo-anonymity, global digital nomadism and the trader’s mindset. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google…

Apr 24, 2020 at 18:51 UTCGold image via ShutterstockContrary to expectations, bitcoin could see a positive performance during a possible bout of global deflation if it acts not just as an investment asset, but as a medium of exchange and a perceived safe haven like gold. The top cryptocurrency by market value is widely considered to…