A summary of select stories from the cryptocurrency and blockchain world during this week.
Bitcon, which fell down sharply from record heights last week, almost regained the lost ground by gaining nearly $1000 in the last seven days. From lower levels, the most popular cryptocurrency rose across the $8000 mark Friday, and is trading at $7014 on Coindesk at the time of writing this. Bitcoin gained more than 3 percent, or $272, within the last 24 hours. It looks even better on weekly c
After recently securing the BitLicense and a money transmitter license to operate in New York, Robinhood Crypto, a commission-free stock and cryptocurrency trading app, rolled out operations for customers in New York. In a blog post, the company said New Yorkers can now invest in cryptocurrencies such as Bitcoin on Robinhood Crypto.
U.S. telecom giant AT&T teamed up with cryptocurrency payment processor BitPay to accept online bill payments in cryptocurrencies such as Bitcoin.AT&T customers can now use the BitPay platform to pay their online bills with cryptocurrencies held in their crypto-wallets.
The Securities and Exchange Commission (SEC) has filed a lawsuit against a California resident on charges of selling unregistered securities and conducting a multimillion-dollar ponzi scheme, promising investors cryptocurrency profits. The U.S. Securities watchdog stated that it filed for an injunction against Daniel Pacheco, a resident of San Clemente, California, who allegedly raised $26 million
Swiss luxury watchmaker Franck Muller announced the launch of Encrypto, which it calls the world's first functional Bitcoin watch. The bitcoin watch comes with a QR code that allows users to add their Bitcoin to their wallet or check their balance directly through the dial. The QR code and cold storage system were designed in partnership with crypto investment company Regal Assets.
A summary of some of the select stories on cryptocurrency and blockchain during the past 24 hours.
One of the world's leading cryptocurrency mixing services was busted in a joint operation by the Dutch Fiscal Information and Investigation Service (FIOD), Europol and the authorities in Luxembourg.
A cryptocurrency tumbler or cryptocurrency mixing service is a service offered to mix potentially identifiable or 'tainted' cryptocurrency funds with others, so as to obscure the trail back to the fun
The Ethereum Foundation plans to spend $30 million on key projects within the ethereum ecosystem over the next 12 months. This budget is insulated against downward ETH price movement. In an announcement on its blog, the Foundation said resources are allocated with priorities on "building the Ethereum of tomorrow, supporting the Ethereum of today, and Developer Growth & Awareness". $19 million h
Cryptocurrency exchange Bitfinex, and its affiliated stablecoin issuer Tether, announced that the New York Supreme Court has granted its motion for an immediate stay of the document demands from the New York Attorney General's or NYAG office. Bitfinex and Tether, who were involved in a legal battle with NYAG, had filed a motion on the previous day to dismiss the proceeding brought by the NYAG.
Japanese Financial Services Agency or FSA is targeting cryptocurrency exchanges as it steps up countermeasures for money laundering, the Nikkei Asian Review reported. The regulator will be checking companies that offer anonymous transactions or have weak identity verification practices. The development is in preparation for inspection by the Financial Action Task Force or FATF this fall.
Coinbase Commerce, the PayPal-like payment service for cryptocurrencies by the U.S.-based cryptocurrency exchange Coinbase, added support for USD Coin (USDC) stablecoin on its payment service platform. Businesses of merchants can now accept USDC stablecoin using the platform. USDC is a 1:1 US dollar-backed stablecoin brought to you by Circle and Coinbase.
The Cryptocurrency asset management startup BlockFi said it is reducing the interest rate it offers on ether (ETH) deposits to 3.25 percent annual percentage yield (APY) from the current rate of 6.2 percent. The interest rate is being slashed by nearly half for customers with 25-100 ETH balances in their BlockFi Interest Account (BIA). Those holding more than 100 ETH balances will be eligible fo
The U.S. Securities and Exchange Commission or SEC announced that it has taken action to halt an ongoing $30 million diamond-linked cryptocurrency Ponzi scheme targeting hundreds of investors in the U.S. and Canada. The SEC sought permission from the U.S. District Court for the Southern District of Florida to take action against South Florida-based cryptocurrency business firm Argyle Coin LLC, a
Canadian crypto brokerage Voyager Digital has partnered French hardware wallet maker Ledger to integrate its Ledger Vault multi-authorization cryptocurrency wallet to provide custody solutions for Voyager's crypto trading ecosystem to more securely custody customers' assets. Ledger Vault is an enterprise-grade crypto asset and storage solution, utilizing end-to-end hardware and software security.