FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

The ProShares Bitcoin Strategy exchange-traded fund’s trading volume topped $1 billion on its first day, ranking the investment vehicle as one of the top ETF launches in history.As of 4:27 p.m. ET, after the close of U.S. stock markets on Tuesday, trading volume in the ProShares ETF (ticker $BITO) had reached 23.9 million shares, worth…

Craig Wright, who claimed to be Bitcoin inventor Satoshi Nakamoto, was referred to the Crown Prosecution Service (CPS) to be considered for perjury charges by Judge James Mellor, who is presiding over a case brought by the Crypto Open Patent Alliance case. COPA took Wright to court for a once-and-for-all ruling on whether he was

By any measure, the Bitcoin network is still in its infancy. While the concept of digital money is decades old – most dollars today only exist on individual account holder’s computer screens and in centralized ledgers at banks – the idea of holding one’s wealth in self-custody without a third-party validator is new. Bitcoin is

The chairman of DAIS is Michael Casey who was formerly CoinDesk’s chief content officer SINGAPORE — Industry leaders have launched a non-profit organization called the Decentralized AI Society (DAIS), dedicated to tackling the probability of the monopolization of the artificial intelligence (AI) industry. The group is headed by Michael Casey, formerly CoinDesk’s chief content officer

Throughout history, societies have often frowned on bankruptcy, viewing it in moral terms as a breach of trust and responsibility to each other.But, having lived through and reported on a variety of financial crises, I’ve become quite thankful for the court-driven process by which modern capitalism deals with this unpleasant problem. Even though it imposes

news While Facebook pursues crypto, crypto is pursuing social media. Block.one – the multibillion-dollar startup that built the EOSIO platform – is the latest blockchain firm with social-media aspirations. Announced Saturday at a glitzy event in Washington, D.C., the new platform is called Voice. Block.one says Voice will stand out by not turning its users into products.…

LayerZero's ZRO token airdrop requires recipients to donate 10 cents worth of ether (ETH) or a stablecoin for each token they wish to claim.This "proof-of-donation" mechanism is a unique approach in the crypto community, where donations are usually voluntary, and has received mixed reactions from users.LayerZero’s newly introduced ZRO token, which will go live on

Democrats' failure to introduce crypto legislation is damaging the party's prospects in the coming presidential election, Scaramucci said. Although he supports Trump's stance on crypto, Scaramucci won't be voting for the former president in November. Anthony Scaramucci, Donald Trump’s former director of communications, might just turn out to be his most vocal critic. The Skybridge

Jun 19, 2020 at 18:04 UTCSEC logo (AevanStock/Shutterstock)The U.S. Securities and Exchange Commission (SEC) moved on Friday to halt an allegedly-fraudulent digital asset investment fund run by two Pennsylvania brothers. The SEC announced Friday that it had filed a temporary restraining order and asset freeze against Sean and Shane Hvizdzak and their corporate entities, alleging…