A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. 21). The commission alleges BitFunder and Founder Jon E. Montroll operated an unregistered online securities exchange and defrauded its...
The age of cryptocurrencies is in its nascent stage, but is fully upon us. And, as with any new industry, there are growing pains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A former cryptocurrency exchange and its founder are facing charges from the Securities and Exchange Commission (SEC), the agency announced in a press release on Wednesday (Feb. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
It was a good Tuesday (Feb. 20) for bitcoin, Bloomberg reported. The popular cryptocurrency climbed by almost 4 percent to $11,502 at 7:15 a.m. – and could reach a one-month high. This increase comes as South Korean regulators have suggested that they would be in...
Just about three weeks after Credit Agricole became a minority shareholder in blockchain startup SETL, Citi is investing in the company, too, Coindesk reported. SETL seeks to make exchanges of cash and other assets easier with its ledger. Other investors include Computershare, Deloitte and banking company...
With an international bitcoin craze up and running, Congress is taking a closer look at how it can gain better oversight procedures for an asset class that has come from nowhere. Support for the measure has the rare stamp of bipartisan approval. Get the Full...
What happens to a company when demand is so high that it can’t scale fast enough? What happens when bad guys make off with the cryptocurrencies its supposed to be trading, unauthorized charges gather steam or glitches snowball? Get the Full Story Complete the form...
The big bucks come anonymously in cryptoland. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree...
Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. Get the...
