BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

The capital city of Seoul is in the top tier for regulatory structure and scored high for ease of doing business and digital infrastructure – all criteria in which the government has a strong influence. Its grassroots’ embrace of crypto puts the country within the top 15% of the world in the crypto adoption index.…

Jul 21, 2020 at 12:08 UTC(Tajmia Loiacono/Unsplash)First Mover: Bitcoin Shows Signs of Life But Ether (And Crew) Steal the LimelightIn the race to become the dominant cryptocurrency platform, Ethereum is gaining on Bitcoin. Take a look at the market capitalization of ether, the native token of the Ethereum blockchain. Currently, the value stands at about…

Apr 23, 2020 at 15:00 UTCUpdated Apr 23, 2020 at 15:31 UTCPhoto by Richard Ciraulo on UnsplashCoinDesk Live: How This ‘Legal Wrapper’ for DAOs Could Democratize Venture CapitalA limited liability autonomous organization (LAO) is the next chapter of capital formation, Aaron Wright and Priyanka Desai of OpenLaw explain.Sign up to join the next CoinDesk Live on Thursday,…

news Joseph Muscat, the Prime Minister of Malta, announced on Sunday that every rental contract in Malta would be registered on the blockchain. The announcement came during an interview on Radio One. The prime minister said the reformed rental laws were approved by the cabinet after a long consultation period. This initiative ensures security, prevents…

Source: CoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Jumps Past $9,400 Despite Weak July VolumesWeaker bitcoin trading volumes aren’t stopping its price from going up. Bitcoin (BTC) trading around $9,444 as of 20:00 UTC (4 p.m. ET), gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $9,202-$9,474.BTC above 10-day and 50-day moving average, a bullish…

Nearly $90 million potentially associated with criminal activity was laundered through 46 cryptocurrency exchanges, the Wall Street Journal reported Friday. In particular, the Journal reported, some $9 million was laundered through ShapeShift AG, the Erik Voorhees-led cryptocurrency exchange known for allowing users to maintain their anonymity, over a two-year period. Moreover, this was the largest…

The U.S. Consumer Financial Protection Bureau is probing the social payments app, according to Reuters.(Michael Vi/Shutterstock)Feb 5, 2021 at 2:17 p.m. UTCPayPal Says Venmo Under Investigation in US by Consumer RegulatorFintech giant PayPal said Friday its Venmo app is being investigated by a U.S. consumer watchdog.The company has received a civil investigative demand (CID) from…

news A coalition of consumer advocacy groups has urged the 28 member companies of the Libra Association to quit the Facebook-led cryptocurrency project en masse. “We call upon you as respected members of the business, financial, technology, and civil society communities to collectively withdraw from the Libra project,” says the open letter signed by Open Markets Institute, Public…

Continuing what's become a firmly established pattern over the past few weeks, cryptocurrencies slid sharply lower early in the U.S. trading day. Ninety minutes after U.S. stock markets opened for trade following Monday's Labor Day Holiday, bitcoin (BTC) was down 1.5% to $57,800 while ether (ETH) was lower by 3% to $2,442, its weakest level