Wright Must Turn Over Half of His Bitcoin Holdings, Judge Rules

Judge Bruce Reinhart ruled that Craig Wright has to let go of 50% of his bitcoin assets and intellectual property to Ira Kleiman. According to the ruling, Wright is also obliged to pay the lawyer’s expenses. At the beginning of 2018, David Kleiman’s brother took legal action against Craig Wright, blaming him for stealing a...

Crypto Mining Must Be Regulated, Claims US Human-Trafficking Expert

Yesterday, an expert witness told a U.S. Senate subcommittee that cryptocurrencies are clearing the way for human trafficking, saying this industry can be much better controlled than it is now. David Murray, the vice president of product development and services at Financial Integrity Network began his speech by focusing on the immense profits human traffickers...

Is The $3 Billion Ponzi Scheme To Blame For The Recent Bitcoin Slump?

Dovey Wan, the founding partner of the blockchain-based investment company Primitive Ventures, has made waves throughout the crypto industry by releasing the information which connects the China-based wallet PlusToken to the recent slump in bitcoin prices. After the world’s biggest digital coin created an 18-month high just below the $14,000 handle in June, it started...

Thai AML Chief Pushes For Crackdown on Cryptocurrency

Preecha Charoensahayanon, the secretary-general of Thai Anti-Money Laundering Office (AMLO), has urged legislators to amend the current version of the Anti-Money Laundering Act, with an aim to oblige providers of cryptocurrency exchange services to report their activities to AMLO, Bangkok Post reports. The proposed change will likely result in bringing cryptos under the AML...

Turkey Announces Plans for Central Bank Cryptocurrency

In the light of recent economic challenges with the decline of its sovereign currency, Turkey has proposed the formation of blockchain-based central bank currency. The proposal was put forth in the eleventh development plan 2019-2023 submitted to the Turkish Parliament on JULY 8 2019. The eleventh development plan, published on the government’s official website, contains...

UK markets watchdog proposes retail ban on crypto derivatives

Britain’s markets watchdog has come forth and proposed a ban on the sale of derivatives based on crypto-assets to retail consumers due to the prevalence of market abuses. Crypto-assets as they are known include popular crypto currencies like Bitcoin, Ethereum, Litecoin and Monero as well as various utility tokens issued by companies and are tradeable on...

Unlock Looming – TRON’s $20 Million BuyBack Plan

The TRON Foundation has recently announced an ambitious $20 million TRX buyback, one of the biggest in the industry to date. In a live stream on Twitter, Justin Sun shared more info about the update: “We will conduct by far the largest #TRX buy-back plan with the widest coverage in the secondary market, which will last for...

CFTC Approves LedgerX to Settle Futures in Real Bitcoin

The Commodity Futures Trading Commission (CFTC) has approved has allowedbitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts. In an announcement released on Tuesday, the CFTC disclosed that LedgerX requested that its order of registration is amended as aDCO. This will limit LedgerX to clearing swaps, to allow it to clear futures...

France creates G7 cryptocurrency task force following launch of Facebook’s Libra

France’s central bank governor, Francois Villeroy de Galhau, announced plans for the creation of a task force dedicated to cryptocurrencies. The task force, representing the G7 countries, will be lead by European Central Bank board member Benoit Coeure. The purpose of the G7 task force is to study how central banks ensure cryptocurrencies like Facebook's recently launched Libra...