Former Cred execs face wire fraud and money laundering charges

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain paymentsIn an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — explained its choice to coordinate a regulatory…

The House Financial Services Committee has raised concerns over the use of cryptocurrencies to fund domestic terrorism in the United States.In a Jan. 15 hearing, the FSC Subcommittee on National Security, International Development and Monetary Policy has examined how U.S. financial institutions can combat domestic terrorism, extremism and acts of hate.Titled “A Persistent and Evolving…

John De Mol, a Dutch billionaire responsible for the local Big Brother and The Voice shows, filed a lawsuit against Facebook over crypto ads using his image without permission, Reuters reports on June 5.Per the report, the ads promoted cryptocurrency scams using Mol’s image, which allegedly damaged his reputation. The ads in question reportedly advertised…

Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC).The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and swap data repositories, as well as…

Bitcoin (BTC) began its sudden crash due to another giant sell-off from the PlusToken pyramid scheme, analysts are suggesting as BTC/USD lost $8,000 support.According to various online commentators citing Blockchain data, participants in the $2.9 billion scheme are again attempting to rid themselves of their BTC.Mixer moves likely mean sellingErgo, the Twitter account that closely…

Cointelegraph Consulting releases some trends and insights featured in their “DeFi Adoption 2020: A Definitive Guide to Entering the Industry.” The majority of DeFi projects believe the industry is far away from maturity, but they are sure that mainstream adoption is likely to occur. This was disclosed on Sept. 21 when Cointelegraph Consulting released the…

Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties. The development was announced in an official tweet from the exchange on May 9.As Cointelegraph has reported, exchanges in the country have faced a moratorium on banking services since the central bank, the Reserve Bank…