Attorney Ordered to Pay $5.2M for Releasing Bitcoin Funds From Escrow
A federal judge has ruled that a New York attorney is responsible for repaying a crypto investment firm after he prematurely released escrow funds set aside for buying $5 million in Bitcoin. According to an Aug. 13 report on Law360, U.S. District Judge Alison J. Nathan confirmed that attorney...
BitMEX Moves to Compulsory ID Checks for All Customers
Cryptocurrency derivatives exchange BitMEX will be launching a user verification program on August 28, requiring all customers to complete ID checks within the next six months. But as a sweetener, they’re offering a trading competition that’s only available to verified customers. While BitMEX was founded in 2014 and has...
ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months
Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020. The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the...
BitMEX to Mandate ID Verification for All Traders as Maverick Exchange Ends Wild Ways
The change comes with a six-month “grace period” ending in February.
BlackRock, Vanguard, Indirectly Hold Bitcoin Via MicroStrategy Investment
Earlier this week Bitcoin (BTC) bulls and crypto investors were thrilled by the news that MicroStrategy, a Nasdaq-listed business intelligence company worth $1.2 billion, had formally adopted Bitcoin as its primary reserve asset by purchasing 21,454 BTC ($250 million). This led the majority of top crypto analysts and industry...
‘Invest In Bitcoin’ Galaxy Digital Ad Tells Financial Times Readers
Mike Novogratz’s Galaxy Digital is following in Grayscale Investments’ footsteps by releasing an ad for cryptocurrency to the general public, this time using print media. A full-page ad for the cryptocurrency investment bank appeared in the U.K.-based international business newspaper Financial Times (FT) today. “Now is the time to...
Boontech, Founder Pavithran Settle SEC Charges Over Fraudulent ICO and Registration Violations
Marketed as a “decentralised job marketplace,” Boontech and its founder Rajesh Pavithran have settled charges of fraud and registration violation brought by the SEC.
Congressman Tom Emmer to Lead First-Ever Crypto Town Hall
Minnesota congressman Tom Emmer will lead the first-ever cryptocurrency town hall celebrating digital asset innovators to be held virtually on Aug. 20.
Bitcoin.com Wallet Reveals USDT Support – Users Can Swap and Store SLP-Based Tether
During the first week of July, Bitcoin.com’s Wallet added a number of new features including a portfolio breakdown and honestcoin (USDH) swapping abilities. With the latest update this week, Bitcoin.com Wallet users can now store the SLP-based stablecoin tether (USDT) in their wallets as well. Tether (USDT) is the...
Doctor Who to Enter the Cryptoverse as BBC Plans Trading Card Game on Ethereum Blockchain
BBC Studios has licenced its iconic show Dr. Who to U.K.-based Reality Gaming Group to build a digital trading card game on the ethereum blockchain.