Judge Certifies Investor Class in $70m Pot ICO Lawsuit
Paragon Coin will face federal claims from a class-action lawsuit alleging that the firm’s $70 million ICO from 2017 violated securities laws. Go to Source Powered by WPeMatico
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SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings
An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings. Go to Source Powered by WPeMatico
New Bill to Outlaw Encryption Without Gov’t Backdoor in US Senate
A bill that would outlaw end-to-end encryption for technology companies was proposed by three Republican senators; meanwhile, Ava and Cardano would not yield. Go to Source Powered by WPeMatico
The Future Is Stablecoins, Say Panelists for Chamber of Digital Commerce
As banks look to tokenize currency and USDT volume rises, experts see a bright future for stablecoins. Go to Source Powered by WPeMatico
Bank for International Settlements Calls CBDCs a Potential ‘Sea Change’
The leading global central bank institution has published new research on central bank digital currencies, noting a major shift in their direction thanks to Libra as well as COVID-19. Go to Source Powered by WPeMatico
BIS Expects COVID-19 Crisis to Boost CBDC Development Worldwide
The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development. Go to Source Powered by WPeMatico
Bithumb Exchange to Reportedly File for IPO in South Korea
The South Korean exchange is reportedly looking into a stock market launch despite local regulatory uncertainty. Go to Source Powered by WPeMatico
Australian Watchdog Warns of Spike in Crypto Scams During Coronavirus Pandemic
Australia’s Securities and Investment Commission says that between March and May, investment scams of all types rose by 20% as compared to the same period in 2019. Go to Source Powered by WPeMatico
WhatsApp Payments Suspended by Brazil’s Central Bank
WhatsApp’s payment features have been suspended in Brazil less than one month after the Facebook-owned app rolled them out. Go to Source Powered by WPeMatico
Supreme Court Limits SEC’s Power to Seek Punitive Fines on Crypto Firms
The US Supreme Court made a ruling on June 23 which will limit the amount of fines the SEC can impose on crypto and blockchain firms. Go to Source Powered by WPeMatico