Legal

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

| Daniel Palmer

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens financial stability.

CME’s Bitcoin Index Provider Wins First EU Crypto Benchmark License

| Nikhilesh De

The U.K FCA has authorized CF Benchmarks as a Benchmark Administrator under EU regulation coming into effect in January.

Cybercriminals Selling Hacked Fiat Money for Bitcoin at 10% of Its Value

| Daniel Palmer

Dark market sellers are offering fiat cash for bitcoin at heavily discounted prices, but there's a catch.

Mt.-Gox-bitcoin-Mark-Karpeles1

$2 Billion Lost in Mt. Gox Bitcoin Hack Can Be Recovered, Lawyer Claims

| Anna Baydakova

A Russian law firm says it can help Mt Gox creditors recover up to $2 billion worth of bitcoins stolen in the 2014 hack.

France Says It Will Block Facebook Libra in Europe

| Daniel Palmer

The French finance minister has said the nation plans to block Facebook's Libra cryptocurrency in the EU over its threat to national currencies.

Facebook Libra Brings ‘Risks and Opportunities’: Swiss Watchdog Chief

| Daniel Palmer

FINMA's director has spoken out about the risks of working with a major project like Facebook's Libra, and said there are also potential benefits.

Bitwise Taps BNY Mellon as Transfer Agent for Proposed Bitcoin ETF

| Nikhilesh De

Bitwise has tapped Bank of New York Mellon to act as the administrator and transfer agent for its proposed bitcoin ETF.

Facebook Libra Is Seeking to Register as a Payment System in Switzerland

| Daniel Palmer

The non-profit set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland.

Blockstack’s Regulated Token Offerings Raise $23 Million

| Nikhilesh De

Blockstack has raised a total of $23 million through two SEC-regulated token offerings, the company announced Tuesday.

Facebook Libra, Other Cryptos Must Comply With US Rules: Treasury Official

| Daniel Palmer

Facebook's Libra and other cryptocurrencies operating in the U.S. must meet regulatory requirements to tackle financial crimes, the official said.