Judge Issues Default Judgment in ICO Fraud Lawsuit
A federal judge ruled against Monkey Capital after finding he defrauded victims in an initial coin offering.
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Shell, BP Back Blockchain Platform to Modernize Commodities Trading
NEWS Oil industry giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry by the end of 2018. VAKT Global, the consortium building the platform, revealed the news at a digital commodities summit hosted by S&P Global Platts on Monday. The effort…

Bitcoin Price Faces Deeper Dive as Bear Cross Confirmed
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The Next Phase of DeFi Is Here
The crypto market is entering a new phase in 2024 with renowned optimism. Having overcome the turmoil of the last 18 months and bolstered by recent regulatory approvals, the shifts in monetary policy and new Web3 innovations are paving the way for a new wave of crypto innovation.Developments in decentralized finance (DeFi) are especially promising.

LG’s Mobile Arm to Trial Blockchain Payments for Overseas Travelers
LG Uplus – a South Korean cellular carrier owned by the nation's fourth largest conglomerate, LG Corporation – is launching a blockchain-based overseas payment service. Announced Sunday, the trial effort will see the company working with partners in Japan, Taiwan and the U.S. to offer users of the three mobile services cheaper and faster payments…

Australian Soccer Club Calls Off Purchase Deal With Controversial Crypto Company
Feb 26, 2020 at 14:20 UTCUpdated Feb 26, 2020 at 14:21 UTCCredit: Perthsnap / ShutterstockThe owner of a top-tier Australian football club has walked away from buyout negotiations with a controversial cryptocurrency company.Owner Tony Sage confirmed Monday that a deal to sell 80 percent of the equity in Perth Glory FC to the London Football…

US May Bar Large Tech Firms From Issuing Cryptocurrencies
news Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies. According to a report from Reuters on Monday and a copy of the draft bill circulating online, policymakers in the U.S. House of Representatives are looking to step up the scrutiny over big…

First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. For Expansion
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.Venture capital giant Andreessen Horowitz (a16z) chose London as the site for its first office outside the U.S., saying the U.K. government is willing to create policies that…

First Mover Americas: Bitcoin Drops on CFTC’s Suit vs. Binance
Jenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon...Jenny JohnsonPresident and CEOFranklin TempletonJenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon...Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe.…