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Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

This post was originally published on this siteA French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be …

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The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social Media

This post was originally published on this siteToday’s installment of The Daily is about building more than bickering, though we’ll squeeze in a little of the latter before we sign off. First though, let’s start by considering the latest projects being proposed within the crypto space: a tokenized security platform …

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Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm

This post was originally published on this siteA woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman …

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South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto

This post was originally published on this siteThe chairman of Korea’s Financial Services Commission has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain

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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium

This post was originally published on this siteThe largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become …

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World Bank President: Distributed Ledger Technology Has ‘Huge Potential’

This post was originally published on this siteWorld Bank Group President Jim Yong Kim has stated that blockchain technology has “huge potential” that can help the organization “leapfrog generations of bad practice”

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Facebook and Twitter Beware — Censorship-Resistant Social Media Is Here

This post was originally published on this siteOver the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter …

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US Regulator Issues Cease and Desist Orders Against Three Crypto Promoters

This post was originally published on this siteA North Dakota Securities Commissioner issued enforcement actions against three crypto promoters for violating securities law

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Former Economic Adviser to US President Trump Joins Blockchain Startup Board

This post was originally published on this siteA former chief economic adviser to U.S. Pres. Donald Trump has joined the board of blockchain-related tech company Spring Labs

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Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco

This post was originally published on this siteJapanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaif’s services and will be responsible for repaying users who lost their coins when Zaif was hacked last …

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