DOJ Brings Extortion Charges Against Early Advisor to Ethereum, tZero

U.S. law enforcement has charged Steven Nerayoff, an early supporter of the ethereum project and a former paid advisor to Overstock’s tZero, with extortion. Nerayoff, an attorney and founder of blockchain consulting firm Alchemist, was arrested Wednesday morning by the Federal Bureau of Investigation (FBI) and was scheduled to face charges before a federal court in…

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CipherTrace Enters Race to Solve Crypto’s FATF Compliance Headache

CipherTrace has unveiled its answer to one of the thorniest questions now facing the cryptocurrency industry: how to securely share information about customers under new global regulatory guidelines. On Tuesday, the blockchain security firm published its final white paper and open source software for wallet providers and crypto exchanges to comply with the Financial Action…

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Derivatives Drama: The Unintended Consequences of Crypto Regulation

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors interested in crypto assets. Sign up here. Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures…

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Dark Web Drug Dealer to Hand Over Bitcoin Millions After Plea Deal

A dark web drug dealer must forfeit $4 million in funds including bitcoin after pleading guilty to charges of money laundering and conspiracy to distribute controlled substances. According to a press release from the Attorney’s Office of the Southern District of New York on July 25, Richard Castro – who went by the pseudonyms “Chemsusa,” “Chems_usa,” “Chemical_usa” and…

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Halt Libra? US Lawmakers Call for Hearings on Facebook’s Crypto

The head of the U.S. House of Representatives Financial Services Committee wants Facebook to stop developing its new Libra cryptocurrency network – at least temporarily. Congresswoman Maxine Waters asked Facebook to halt development of the Libra Network until hearings can be held. The move follows a letter written to her by her Republican counterpart, Representative Patrick…

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What to Expect at the SEC’s Blockchain Forum on Friday

At a fraught moment for government-industry relations, U.S. regulators and cryptocurrency insiders are sitting down for a meeting. The Securities and Exchange Commission (SEC) will convene its first FinTech Forum Friday at the agency’s headquarters in Washington, D.C., discussing a range of issues related to digital assets and distributed ledger technology (DLT). The speaker roster includes…

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Facebook Registers Secretive ‘Libra’ Cryptocurrency Firm in Switzerland

According to a Reuters report, Facebook registered a new company, Libra Networks, in Geneva on May 2. This coincides with the slow roll-out of their internal cryptocurrency that will define the company’s first foray into blockchain technology. Facebook Global Holdings is a stockholder in the new company and it will, according to Reuters, “provide financial…

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