SEC Obtains Emergency Asset Freeze Against Virgil Capital

In February, the Office of the Comptroller of the Currency’s acting head Michael Hsu announced plans for new rules on operational resilience for large banks with critical operations, including third-party service providers. Critically, he did not discuss how these rules will treat the use of permissioned networks by the big banks to tokenize real world

Bitcoin teller machine (BTM) operator Coinsource has just become the 12th crypto company to receive a license from the New York State Department of Financial Services (NYDFS). The firm announced approval of the so-called BitLicense on Thursday, with the firm's general counsel Arnold Spencer noting that it was the first granted to a bitcoin ATM…

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Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) said he will end the Biden Administration's alleged "war on bitcoin and cryptocurrencies," during a campaign event in New Hampshire."We are going to allow Americans to invest in things like bitcoin and cryptocurrency," he said.Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration…

Blockchains may be transparent, but Solana's data-heavy ledger might be better described as translucent. A new block explorer called Quantum is vying to change that.Built by the the team behind SolanaFM, the overhauled block explorer prioritizes simplicity in its presentation of what's happening on the Solana blockchain, its developers say. That's a notable difference from

Layer N, a roll-up network designed to scale financial applications on Ethereum, announced today the appointment of Hong Kong-based former Fidelity International executive Luc Froehlich to its advisory board.Layer N is an Ethereum StateNet, a network of specialized rollups optimized for the financial ecosystem aimed at onboarding institutional liquidity.Before joining Layer N, Froehlich led Fidelity

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Ether, the token of the Ethereum blockchain, jumped 61% in the first six months of the year. Traders are now betting the rally could extend in the second…

Jan 28, 2020 at 05:00 UTCGemini image via ShutterstockCryptocurrency exchange Gemini has hired former Circle compliance officer Blair Halliday as chief compliance officer and money-laundering reporting officer for the U.K. and Europe, the company announced Tuesday.Halliday will report to Gemini’s managing director of U.K. and Europe, Julian Sawyer, and will work closely with the firm’s…

The stakes must have seemed high already in 2013, when the largest bitcoin wallets safeguarded by blockchain security provider BitGo held about $10 million-worth of the cryptocurrency. Later on, in 2015 they crept up to around $100 million. And what had perhaps been unthinkable in the years previous, by 2017 the largest crypto wallets in BitGo's charge…