A Q&A With Meltem Demirors of CoinShares

It seems Meltem Demirors does a little bit of everything. The crypto journeywoman has served as vice president of Digital Currency Group, a member of the World Economic Forum’s Blockchain Council, an advisor to MIT Media Lab, and a lecturer at the University of Oxford’s business school. She even co-hosts a well-subscribed podcast with her friend and fellow crypto hound Jill Carlson, though that project is on hiatus. These days Demirors mostly wears the hat of Chief Strategy Officer at CoinShares, a digital asset management firm that provides financial products…

US Homeland Security Charges LocalBitcoins Seller With Money Laundering

Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old. Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting with government agents “posing as criminals” interested in buying untraceable bitcoin for their human trafficking operation. Rhule was a seller on LocalBitcoins, a peer-to-peer trading platform used worldwide. Rhule is said to have closed eight deals with the undercover…

Bitcoin Quickly Bounces After Price Loses Crucial $7,700 Mining Support

If you were around earlier this hour, you likely noticed the brief panic on Twitter when Bitcoin fell under $7,600; that was the lowest the cryptocurrency had traded at in literal weeks, not to mention it fell under crucial support. Though, over the past 20 minutes, the cryptocurrency has bounced, rapidly rallying from the low around $7,590 to as high as $7,805 as if investors had their fingers on the buy trigger. While seemingly irrelevant, as this was just Bitcoin rallying just over 2%, this small bounce was extremely important.…

New York Crypto Companies Move to ‘Work From Home’ in Face of Rising COVID-19 Threat

Kadena CEO Will Martino had already been considering abandoning his blockchain development company’s Brooklyn headquarters before coronavirus came to New York City. The fast-spreading virus, however, recently convinced him the office had to go. On Feb. 21, he told his team to begin working from home. The New York metropolitan area’s surging coronavirus count is forcing more of the region’s cryptocurrency and blockchain companies to prepare for an unsavory reality: Their offices may close without warning and their employees may need to begin working remotely. CDC officials say “social distancing”…

Crypto Scams Pose More Risk Than Payments Fraud, Report Suggests

Cryptocurrency scams in 2019 had more risk for U.S. residents than fraud involving romance or payments. That’s the conclusion of a recent report by the Better Business Bureau (BBB), a nonprofit organization focused on marketplace trust. The report found an average dollar loss in crypto-focused fraud of $3,000 for victims age 25 to 44. The relatively high figure was the result of nefarious actors taking advantage of those who lacked foundational knowledge of digital assets, BBB said. Thirty-two percent of scams involved the exchange of cryptocurrencies for goods, services or…

Ex-Riot Blockchain CEO Settles in Penny Stock Manipulation Case

On March 6, three individuals including former Riot Blockchain CEO John O’Rourke III agreed to settle with the United States Securities and Exchange Commission (SEC) for $3.5 million over three alleged penny stock pump-and-dump schemes. The terms of the settlement will see Michael Brauser, John Stetson, and O’Rourke pay disgorgement, prejudgment interest and civil penalties. The trio will not admit or deny the allegations laid out in the SEC’s 2018 enforcement action against the trio. “Microcap fraudsters” settle with SEC O’Rourke’s and Stetson will each have to pay penalties exceeding…

Bitcoin Risks Breakdown to $6.5k as Selling Continues Near Long-term Support

Highlights: Booming global panic could prompt Bitcoin traders to break long-term support trendline. A key technical indicator is confirming a breakdown towards $6,500, bitcoin’s reliable price floor during the 2018 crash and also the 2019’s bottom. Bitcoin is risking declines to as low as $6,500 as panicked sellers threaten to break a long-term support area. The benchmark cryptocurrency plunged 0.62 percent on Wednesday, suggesting that its downside momentum is likely to extend further. The bearish sentiment followed a frantic week that saw bitcoin tanking from $9,214 to as low as…

New Celo Alliance Has Same Aims as Libra – And Some of the Same Partners

The Silicon Valley crypto startup cLabs, focused on mobile payments and the Celo blockchain project, is following another precedent from Facebook’s Libra playbook by launching an industry association through a separate Celo Foundation. Dozens of blockchain companies and investors – including Libra Association members Coinbase Ventures, Andreessen Horowitz, Bison Trails and Anchorage – are committing to promote Celo tokens in some fashion by joining this “Alliance for Prosperity.” “The Alliance will use blockchain technology to reimagine the future of money and create inclusive financial tools,” C Labs founder Rene Reinsberg…

UK Gov’t Includes Blockchain in Negotiation for US Free Trade Agreement

The United Kingdom’s Department for International Trade recently published its agenda for negotiation of a Free Trade Agreement (FTA) with the United States. Contained within the wide-reaching document, blockchain is identified as one area in which businesses and the country will benefit from an FTA. The document sets out the U.K. government’s position coming into the negotiation of a post-Brexit FTA with the U.S. It lays out the country’s key objectives for such an agreement and ring-fences certain institutions and protections as non-negotiable. These include Britain’s National Health Service and…

YouTube Temporarily Bans Two Popular Crypto Channels Claiming Policy Breach

YouTube has deleted videos and temporarily banned the accounts of two more cryptocurrency enthusiasts citing a breach in company policy. Earlier this week, cryptocurrency educator “Ivan on Tech” and crypto news reporter “The Moon” took to Twitter to express their anger over being censored for what they believed were overreactions by the video sharing platform. YouTube had delivered a strike notice to both accounts, which essentially restricts the ability for content creators to upload videos, live streams or stories for a set period, based on the number of strikes received…