cryptocurrency

Blockchain technology company R3 has hired software sales veteran Cathy Minter as chief revenue officer, a role newly created to recruit users for the firm’s paid commercial product, Corda Enterprise. Minter, who lived through the revolution in cloud computing from its early days, sounded unfazed by reports this week stating the “blockchain not bitcoin” segment of
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The U.S. state of New Jersey is taking legal action over alleged securities violations by token-powered online rental marketplace Pocketinns. New Jersey Attorney General Gurbir S. Grewal and the Bureau of Securities within the state’s Division of Consumer Affairs announced Thursday that its pursuing a three counts lawsuit against the company and its president, Sarvajnya G. Mada, over
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[embedded content] Joshua Ashley Klayman Kuzar, founder and CEO, Klayman LLC and Inflection Point Blockchain Advisors, is one of the best known cryptocurrency lawyers. In her chat with CoinDesk Editor Pete Rizzo she talks about how uniquely odd and exciting this moment is for cryptocurrency as a whole. “If you actually look at the companies
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The G7 group of nations has warned that cryptocurrencies such as Facebook’s Libra are a threat to global financial stability. A task force set up by the G7 to examine the issues said that rules of the “highest” standards are needed to minimize the use of digital currencies in money laundering and funding terrorism, Reuters reports Thursday.
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U.S. lawmakers repeatedly pressed Facebook’s top blockchain executive to halt development of the Libra cryptocurrency during a contentious hearing on the project Wednesday. They didn’t get far. David Marcus, the CEO of Facebook’s subsidiary Calibra, reiterated his promise that Libra would not launch until regulators’ concerns were fully addressed. But he stopped short of committing
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The Takeaway Congressional hearings on Facebook’s Libra project are likely to focus more on the company’s privacy failings than on unresolved policy questions for cryptocurrency. Lawmakers will probably also grill Facebook blockchain lead David Marcus on the company’s choice of Switzerland as the home for the Libra Association. Though Facebook intends to launch Libra next
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Let’s be clear: It was not the substance of Donald Trump’s tweet that made his critique of bitcoin and Libra so important last week. It should be of no surprise that this US President would declare himself “not a fan” of “highly volatile” cryptocurrencies “based on thin air” that “facilitate unlawful behavior” or that he much
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Jon Montrol, the operator of defunct bitcoin-denominated trading platform BitFunder and WeExchange deposit service, was sentenced for securities fraud and obstruction of justice, according to a statement from the Southern District of New York. Montrol, of Saginaw, Texas, also known as Ukyo, will serve 14 months in prison for defrauding investors of his “Ukyo.Loan” scheme,
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The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance of
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Mark Cuban, billionaire “Shark Tank” co-host, raised concerns about Libra’s potential to disrupt global finance when speaking to CNBC on July 12. Cuban referred to the Menlo Park-based social networking company’s foray into distributed ledger tech as a “big mistake.” He continued to discuss the danger of introducing a destabilizing force into already unstable economies
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Institutional digital assets platform trueDigital Holdings has announced plans to offer bitcoin derivatives for U.S. investors. In a press release on Friday, the company said it’s reached an “agreement in principle” to acquire designated contract market (DCM) and swaps execution facility (SEF) registrations with the U.S. Commodity Futures Trading Commission (CFTC) from parent firm trueEX.
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