Technology

Former Ethereum developer Virgil Griffith is unaware of the exact crimes he is being charged with.

The former Ethereum developer Virgil Griffith's lawyers have claimed that he is still unaware of the exact crimes the U.S. government is charging him with. In their latest court filing, the defendants claimed that the prosecutors have been intentionally...

UK’s financial regulator FCA establishes temporary guidelines for crypto companies.

The United Kingdom's Financial Conduct Authority established temporary registrations to crypto-asset companies that have already submitted applications but have not yet been processed. According to the official announcement made today, the companies will continue trading for an extended period until July...

Italy’s leading private bank partners with crypto wallet provider Conio.

According to the official press release, the private Italian bank Banca Generali has made a $14 million investment in the crypto wallet provider Conio to acquire a minority stake. Banca Generali aims to expand its services with the recent partnership...

Argyle Coin founder faces 7 years in jail for his role in a $25 million scam.

Jose Angel Aman, who is accused of defrauding investors by making promises of a diamond-backed digital currency, will face seven years behind bars for his alleged crime. The man will also have to pay up to $23 million in...

Singapore’s leading private bank plans to launch a crypto exchange.

The largest bank in Southeast Asia, DBS Group Holdings, said launching a crypto exchange would increase the scope for tokenization, digital currency custody and trading services for institutional investors. In a recent statement, the Singapore-based bank said the crypto...

US lawmakers seek clarity over broker-dealer custody of digital currencies from the SEC.

A group of nine lawmakers in the US House of Representatives is seeking clarity from the country's financial regulator SEC regarding broker-dealer custody of digital currencies. The lawmakers believe that this could spark greater digital security adoption, which would...

France introduces tougher KYC regulations for cryptocurrency transactions.

The government of France is introducing a raft of new legislation governing the cryptocurrency sector, including tougher (KYC) Know-Your-Customer rules for digital currency transactions. The French finance ministry has reportedly been working on proposals for a stronger regulatory regime. The new...

Tyler Winklevoss says the smartest people in the room are buying bitcoin.

More than a handful of traditional financial giants have picked up stacks of Bitcoin throughout this year, including the likes of billionaire Paul Tudor Jones and business intelligence firm MicroStrategy. These investments are part of a flow of big...

The IRS moves the crypto tax question to the top of Form 1040.

Last year the Internal Revenue Service (IRS) indicated it wanted to know who dealt or held cryptocurrency by asking taxpayers directly on their 1040A forms. Now, the tax agency has made that form-based question much more prominent to ensure...

Thailand to use blockchain technology to improve its revenue collection.

Thailand is turning to blockchain technology to improve its revenue collection. The Asian country has already begun integrating blockchain in the oil industry, with the launch scheduled for the first quarter of 2021. Thailand's economy, like every other country...

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Cryptocurrency exchange Kraken suspends XRP trading for US customers.

Kraken has become the latest cryptocurrency exchange to suspend trading on the XRP token in light of the US...