Judge Issues Default Judgment in ICO Fraud Lawsuit

Bitcoin miner Riot Platforms (RIOT) underperformed peers on Wednesday after prominent short-seller Kerrisdale Capital said it's short RIOT stock and long bitcoin (BTC).Kerrisdale accused the miner of burning cash and gouging retail shareholders through its at-the-market (ATM) funding strategy."Like other US listed miners, $RIOT’s biz model is a dysfunctional hamster wheel of cash burn, which

news Pennsylvania’s Department of Banking and Securities (DoBS) has clarified that crypto exchanges and service providers do not require a money transmission license to operate in the state. The DoBS published the new guidance for the local crypto industry on Wednesday, following a number of enquiries from businesses, it said. The department explained that as bitcoin and other cryptocurrencies…

Bitcoin's (BTC) fortune is no longer tied to sentiment in the U.S. stock markets.The 90-day rolling correlation of changes in bitcoin's spot price to changes in Wall Street's tech-heavy equity index, Nasdaq, and the broader index, S&P 500, has declined to near zero. That's the lowest in two years, according to data tracked by crypto…

These include “early lump-sum repayment (where customers can recover 15%-20% of their lost funds), repayment by bank remittance, repayment for a portion of crypto rehabilitation claims in crypto, or repayment through a fund transfer service provider,” the note added.

The Federal Reserve Board has ordered FTX-linked Farmington State Bank to wind down its operations after the tiny bank secretly engaged in digital assets-related activities, according to a Thursday enforcement action.Farmington, which operates under its Moonstone Bank name, “improperly” pivoted to a pro-digital assets business plan in 2022 without notifying, and obtaining approval from, its…

May 15, 2020 at 16:00 UTCBTC hovers at $9K while Australia knocks out unlawful bitcoin sales. This is CoinDesk's Markets Daily Podcast.For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's stories:For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Disclosure Read More The leader in blockchain…

Oct 26, 2020 at 15:42 UTCMonero (XMR) 1-year chart.The privacy-centric monero (XMR) continues to rally despite lingering regulatory concerns.The cryptocurrency rose to $139 early Monday, the highest level since September 2018, according to data compiled on the CoinDesk 20.At press time, monero was changing hands at $135, up 200% on a year-to-date basis.Monero has rallied…

The standards setter for securities markets regulation worldwide has provided guidance for handling decentralized finance (DeFi) as its members, which represent some 130 jurisdictions, consider ways to supervise the industry.The International Organization of Securities Commissions (IOSCO), whose members regulate over 95% of the world's securities markets, published its policy recommendations for decentralized finance (DeFi) on

Nov 10, 2020 at 9:40 p.m. UTCUpdated Nov 10, 2020 at 10:02 p.m. UTCBiden Confirms Crypto-Savvy Gary Gensler Will Lead Financial Policy Transition TeamGary Gensler, a Washington and Wall Street veteran who has closely studied the budding cryptocurrency field, will lead the financial policy transition team for projected U.S. President-elect Joe Biden.A former chairman of…