Business News

Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million

| Nathan DiCamillo

Terpin plans to distribute his letter to a major mobile industry conference.

Libra Could Drop ‘Basket’ and Issue Individual Fiat Stablecoins

| Daniel Palmer

Under pressure from regulators, the Libra project may consider a fundamental change to the way its planned crypto payments system will operate.

Major Korean Banks Join Government-Backed Blockchain ID Initiative

| Richard Meyer

Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data.

SEC’s Court Hearing on Telegram Token Delayed Till Next Year

| Anna Baydakova

The messaging app company and the SEC will now meet next February to debate the regulator's claim the gram token is a security.

Fidelity Digital Assets’ Testing Opens to More Qualified Investors

| David Pan

Fidelity Digital Asset Services is rolling out its custody and trading platform to more qualified clients.

FATF Joins BIS in Calling Stablecoins ‘Global Risk,’ Citing Money Laundering Concerns

| Nikhilesh De

Stablecoins pose a money laundering and terrorist financing risk to the world, the FATF said Friday.

Digital Securities Exchange Taps R3’s Blockchain for Post-Trade Activities

| William Foxley

U.K.-based Archax has inked a deal to use R3's Corda Enterprise to handle post-trade processes for its digital securities exchange.

Fake Tor Browser Has Been Spying, Stealing Bitcoin ‘For Years’

| Daniel Palmer

Hackers have been distributing a compromised version of the official Tor Browser that's packed with malware designed to steal bitcoin.

Bitcoin Has Failed But Global Stablecoins a Threat, Say BIS and G7

| William Foxley

A new report says bitcoin has failed as a means of payment or store of value, but stablecoins like Libra are a risk to financial stability.

Cambodia’s Central Bank Testing Digital Wallet to Ease Cross-Border Payments

| Danny Nelson

Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.