Behind bars: 6 crypto execs who did time and one who got away…
These crypto leaders had it all, but that couldn’t stop them from going to jail.
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Standard Tokenization Protocol Raises $750K in Eight-Second Token Sale
A token sale for Standard Tokenization Protocol (STP) raised $750,000 and sold out within eight seconds, a news release claimed on June 11.The project says it offers an open-source, decentralized standard for the tokenization and issuance of any asset.Following the initial exchange offering (IEO), which was held on Bittrex, STP founder Mike Chen said:“We are excited…
Former Facebook Counsel Joins Coinbase as Chief Legal Officer
Former Facebook Vice President and Deputy General Counsel Paul Grewal will lead crypto exchange Coinbase’s legal team. 941 Total views 14 Total shares Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, is joining crypto exchange Coinbase’s legal team.In a July 8 announcement on the Coinbase blog, the crypto…
Insurtech Platform to Apply Blockchain to Auto Claims With New Funding
Insurance tech firm BlockClaim has recently received £500,000 ($627,000) in funding for its blockchain-based claims solution, according to an official blog post on June 17.The firm raised the funds from venture capital firm Amadeus Capital Partners and software firm Pragmatica, in addition to other angel investors.According to the announcement, BlockClaim uses blockchain technology to automate…
Crypto platform WOO X partners with market maker Wintermute for liquidity boost
Aside from Wintermute, other leading liquidity providers, including Selini Capital and Black Code Group, also support WOO X. 331 Total views 2 Total shares Crypto exchange platform Woo X has partnered with Wintermute, a crypto market maker and liquidity provider with over $3.6 trillion in cumulative trading volume. Wintermute will act as the designated liquidity
UK Watchdog Grants Third E-Money License to Crypto Company
UK watchdog The Financial Conduct Authority (FCA) has granted its third e-money license to a crypto-related company, Financial Magnates reports August 23. The new license has been issued to the Wirex, whose main product is a prepaid debit card that converts crypto into fiat currency for everyday use. As Cointelegraph has reported, the FCA granted…
Traditional banks offer digital asset custody amid compliance legislation
More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for record-breaking all-time highs. Even major banks like JPMorgan Chase, which previously frowned upon Bitcoin, have taken a newfound interest in the cryptocurrency. Contrary to what Goldman Sachs stated recently, JPMorgan’s strategists have noted…
BlackRock SEC filings show $360K gained from Bitcoin futures
The filing from the regulatory body comes after BlackRock chief investment officer Rick Rieder said the firm had “started to dabble” in crypto. 2868 Total views 21 Total shares A filing from the U.S. Securities and Exchange Commission shows BlackRock Financial Management’s Bitcoin futures contracts have appreciated significantly this year.According to BlackRock’s monthly portfolio investments…
Impersonation scams in crypto, explained
Understanding impersonation scams in crypto In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information.In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams are common. So, how do impersonation