JPMorgan’s Blockchain Lead Is Now in Charge of Ethereum-Based Interbank Information Network
JPMorgan Blockchain Lead Christine Moy has been promoted to lead the bank’s Ethereum-based Interbank Information Network (INN). Source
Read More
Charge
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance said
Read More
No Evidence of Crypto-Related Charge in Maduro Drug Cases
Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage.“Maduro and his co-defendants are not alleged to have been involved with crypto, directly,” Ashok Ayyar, counsel at Experience Legal, told CryptoX.A number of Venezuelan officials,
Read More
Alleged Crypto Capital Operator Faces New Wire Fraud Charge
Reginald Fowler, an alleged operator behind payment processor Crypto Capital, was charged with wire fraud Friday, on top of existing charges of bank fraud, operation of an unlicensed money transmission business and conspiracy. According to an indictment filed Friday, Fowler allegedly created a scheme to obtain money "by means of
Read More
US Authorities Charge Crypto ‘Trading Club’ Operators With Defrauding 150 Investors
The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the U.S Attorney for the Southern District of New York have charged Ohio resident Michael Ackerman and two unnamed business partners with defrauding some 150 investors by claiming to offer "extraordinary profits" from a cryptocurrency trading
Read More
Crypto Goes IPO — Ripple Could Lead the Blockchain Industry’s Charge
2020 could be the year that crypto companies step forward and take the plunge into going public. As the biggest players in the industry cautiously watch for opportunities to gain regulatory approval, Ripple CEO Brad Garlinghouse used the prestigious Davos World Economic Forum summit to announce that the firm
Read More
Silk Road Operator Pleads Guilty to 1 Charge of Conspiracy
Roger Thomas Clark, an alleged operator behind the Silk Road darknet marketplace and advisor to founder Ross Ulbricht, pleaded guilty to "conspiring to distribute massive quantities of narcotics," prosecutors announced Thursday.The U.S. Attorney's Office for the Southern District of New York said in a press release that Clark, who was
Read More