Crypto Fund Manager Sued Over Alleged Fraud and Deception

Internet tech support and consulting player KDH Consulting Group recently filed an official complaint against crypto investment management firm Iterative Capital Management for alleged fraud and misdirection.  Accusations include “fraud and breach of fiduciary duties, among other things,” the April 27 filling stated.  Iterative Capital allegedly lied Iterative Capital allegedly falsely boasted of previous crypto investment […]

CipherTrace Launches A New Product to Help Banks Eliminate “Blind Spots”

April 28, CipherTrace launches Armada, a product designed to eliminate risky cryptocurrency blind spots for banks and financial institutions. Unlike other products by CipherTrace and many similar products by its competitors, Armada focuses on the off-chain data instead of on-chain data. It can work in tandem with banks’ existing monitoring tools: “To identify transactions with […]

Facing Mounting Regulation, BitMex Closes Japan Service

BitMex, one of the world’s biggest crypto derivatives exchanges, announced on April 28 that it will close services to Japan residents starting May 1 amid new Japanese regulations. Earlier this month, the Japanese Cabinet decided in the Cabinet Order to establish regulations on any crypto derivative and fund procurement transactions. The notice explained that: “The […]

SEC’s CryptoMom on Outlook for the Digital Dollar and the End of Her Term in June

A noted crypto defender at the United States Securities and Exchange Commission has spoken to the end of her term scheduled for June, as well as the relationship between a potential digital dollar and independent crypto. A digital dollar and other stablecoins In an April 28 webstream with Crypto Finance Conference St. Moritz, Commissioner Hester […]

New York Crypto Regulator Adds Silk Road Investigator as General Counsel

April 28, New York State Department of Financial Services (NYSDFS) announced that it is adding a former Silk Road investigator as general counsel. The Department regulates financial services and products, which include cryptocurrency-related businesses. It awards the two types of licenses that many crypto businesses seek — a money transmitter license and a BitLicense. Previous […]

Blockchain, Not Crypto, Is at Core of Facebook’s Libra, Vice Chair Says

Despite existing concerns that blockchain is not mature enough to bring the new era of payments, the technology is being increasingly explored by global central banks. Blockchain technology meanwhile remains at the core of Facebook’s digital currency Libra, according to a top project executive. Since Libra’s white paper release in June 2019, the not-yet-launched stablecoin […]

Bitcoin Is Not Just a Dollar Gateway in Argentina

Source: Adobe/Vitoria Holdings LLC Bitcoin (BTC)’s usage in Argentina may not be connected with a desire to buy fiats like the United States dollar, says an industry expert, who says that Argentinians could well have more nuanced reasons for snapping up vast quantities of the world’s favorite cryptocurrency in recent weeks. As reported last month, […]

Libra and Ripple Find New Friends, Dash Fights In Japan + More News

Source: Adobe/megaflopp Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Libra news Checkout.com, a global payment services provider, said it joined the Libra Association. “The Libra project holds the promise of increasing financial inclusion for billions of unbanked people, […]

Digital Euro Should Not Discourage Private Initiatives

A blog post from the European Central Bank (ECB) discusses the importance of resilient payment mechanisms. While the report focuses on legacy systems, it also mentions novel blockchain-based technologies like the digital euro. Published on April 28 and authored by Fabio Panetta, a member of the bank’s executive board, the report highlights that the continuity […]

Stake ETH 1 and Earn 279% in 10 Years

Source: Adobe/AA+W The newly launched ETH 2 Calculator claims that you can earn 279% in ten years by staking one ether (ETH) on the Ethereum 2.0 network. And then, a number of “ifs” appears in this equation. ETH price tracking platform EthereumPrice.org has launched a new calculator meant to allow a possible look into the […]