Korean Officials Probe Shipwreck ICO for Possible Fraud
Korean police are investigating a cryptocurrency startup claiming to be selling treasure from a sunken ship, the Korea Joongang Daily reported.
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Crypto News Roundup for Feb. 13, 2020
Feb 13, 2020 at 17:00 UTCFor early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Today's news:For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.Disclosure Read More The leader…

Centralization Comes to DeFi as Group Behind MIM, SPELL Tokens Mull Legal Shakeup
Centralized business structures are continuing their creep into decentralized finance (DeFi), with the builders of tokens Magic Internet Money (MIM) and SPELL on Wednesday pitching a traditional legal structure to supplant the DAO overseeing the stablecoin with a nearly $700 million market cap.In a forum post, a project leader called on Abracadabra DAO to support…

Powell’s Coming Inflation Speech May Weigh Over Dollar and Boost Bitcoin: Analysts
Aug 25, 2020 at 12:00 UTCFederal Reserve Chairman Jerome Powell (Wikimedia Commons)Powell’s Coming Inflation Speech May Weigh Over Dollar and Boost Bitcoin: AnalystsU.S. Federal Reserve Chair Jerome Powell is expected to bolster expectations of inflation during his keynote speech at the Jackson Hole Economic Policy Symposium on Thursday. According to analysts speaking to CoinDesk, that…

Russian ICO That Impersonated Bank Hit With Cease-and-Desist
NEWSINBRIEF North Dakota’s securities watchdog has issued a cease-and-desist order against a Russia-based initial coin offering (ICO) that appeared to impersonate Liechtenstein-based Union Bank AG to promote “unregistered and potentially fraudulent securities.” On Monday, Karen Tyler, commissioner of the North Dakota Securities Department, said that the website of the supposed ICO project – called Union Bank…

2020 Presidential Hopeful Andrew Yang Says Regulators ‘Owe’ Clarity on Rules for Crypto Industry
news Presidential contender Andrew Yang took the stage at Consensus 2019 on Wednesday, facing a friendly (if not slightly boisterous) crowd as he discussed bitcoin, blockchain and his bid for the White House. Amid jokes about a possible YangCoin, Yang essentially pitched himself as a sympathetic friend of the crypto community in an appearance that…

Crypto-Friendly Sen. JD Vance’s Odds as Trump VP Pick Double on Polymarket
Sen. J.D. Vance (R-Ohio), who is pushing to revamp crypto regulation, has a 29% chance of becoming former President Donald Trump's running mate. This is according to bets placed by traders on crypto-based prediction market platform Polymarket. Trump is expected to announce his pick for vice president next week, according to reports. Sen. J.D. Vance
Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation
Ripple’s California victory muddies the waters on whether or not XRP can be considered a security. District court judges are not required to agree with rulings made by their peers in other cases. Lawyers say the lack of legal certainty for XRP and other digital assets will likely continue until there is a ruling from

Craig Wright’s Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules
Craig Wright's Tulip Trading needs to prove ownership of some 110,000 bitcoins (BTC) that are at the center of a case against a group of bitcoin developers filed in 2021, an English court document shows.In that case, the developers are fighting Tulip's lawsuit alleging they wrongfully refused to help Wright's company retrieve billions of dollars