Author: Aaron Wood

19 Aug, 2019

New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud and misleading investors.  In the filing, Judge […]
24 Jul, 2019

Prominent Nigerian Politician Calls for Legal Framework for Cryptocurrencies

Femi Gbajabiamila, the speaker of the Nigerian House of Representatives, has called for a substantive legal framework for cryptocurrencies in the country. According to a report by Nigerian news daily Daily Post on July 23, Gbajabiamila wants the country to develop clear regulations for digital assets so that the country does not get left behind […]
23 Jul, 2019

Japanese General Trading Company Backs Blockchain Platform for Wind, Solar

Marubeni Corp., a major Japanese sōgō shōsha, or general trading company, is now backing a blockchain-based power trading platform. Per a report by Reuters on July 23, Marubeni  has issued a loan to Lithuania-based blockchain project WePower. Per Reuters, the size of Marubeni’s stake in WePower after converting the loan is yet to be determined. […]
23 Jul, 2019

New York State Digital Currency Task Force Appoints New Members

Legislators from the New York State Assembly have appointed six members to the New York State Digital Currency Task Force. In a video announcement on July 22, Assembly member Clyde Vanel announced six appointments to the group, which is tasked with investigating and making regulatory recommendations regarding digital currencies and blockchain technology.  The task force […]
23 Jul, 2019

New York Regulators Designate New Division to License Crypto Businesses

The New York Department of Financial Services (NYDFS), the state’s financial regulator, has established a new department that will be responsible for licensing and regulating crypto-related businesses. In a statement on July 23, the NYDFS announced the formation of the Research and Innovation Division which will “house the Department’s division responsible for licensing and supervising […]
17 Jul, 2019

Key Comments From Libra Hearing at US House of Representatives

The United States House of Representatives Financial Services Committee heard testimony from from Facebook’s David Marcus, today July 17. Marcus, the CEO of the Calibra wallet service for the social media giant’s forthcoming Libra stablecoin, attempted to assuage regulators’ concerns regarding the project and educate lawmakers on its purpose and potential. Cointelegraph has compiled some […]
5 Jun, 2019

Report: Facebook to Announce Cryptocurrency Project This Month

Social media giant Facebook will reportedly announce its cryptocurrency project this month, allowing employees to take part of their salary in the coin, CNBC reports on June 5. Citing a report by The Information, CNBC states that Facebook furthermore plans to cede control of the cryptocurrency to outside parties in order to ensure that the […]
7 May, 2019

Hackers Withdraw 7,000 Bitcoins in Binance Crypto Exchange Security Breach

Binance, one of the largest cryptocurrency exchanges by daily trade volume, has experienced a major security breach on May 7, according to a statement shared with Cointelegraph on May 7. Per Binance, hackers employed a variety of tactics including phishing and viruses to obtain a large number of 2FA codes and API keys in addition […]
30 Apr, 2019

Amazon Web Services Launches Managed Blockchain Service

Amazon Web Services (AWS), the cloud computing platform subsidiary of retail giant Amazon, has made its Amazon Managed Blockchain (AMB) generally available, according to an announcement on April 30. The product will purportedly allow customers to set up blockchain networks within their organizations, and uses the Ethereum and Hyperledger open source frameworks. Notably, Amazon states […]
29 Mar, 2019

Major Private Indian Bank Partners With Ripple for Cross-Border Remittances

India’s Federal Bank, a commercial private bank, has partnered with Ripple to use its network for cross-border remittances. The bank announced the development in a letter on March 28. The partnership with Ripple comes as part of a wider initiative to apply new technologies to the bank’s remittances network. Also on March 28, Federal Bank […]