Archive | Announcements

Venezuelan bitcoin exchange Surbitcoin halts operations

February 6th, 2017 by

Venezuelan bitcoin exchange Surbitcoin is no longer trading locally after its Banesco, the exchange’s main bank partner, suddenly suspended withdrawal and deposit services. In a statement, the exchange said it would be forced to cease operations for at least two weeks while it “establishes a new business structure with new improvements and security measures.” Surbitcoin […]

Wall Street Blockchain Alliance launches new Blockchain Assets Working Group

February 3rd, 2017 by

The Wall Street Blockchain Alliance (WSBA) has set up a new working group – the Blockchain Assets Working Group (BAWG). The Blockchain Assets Working Group is chaired by Chris Burniske, Blockchain Products Lead at ARK Investment Management, and will explore a number of facets of this emerging asset class, including underlying technologies, development teams, economics, […]

Grayscale Investments files $500M IPO for the Bitcoin Investment Trust

January 24th, 2017 by

Grayscale Investments has filed with the Securities and Exchange Commission (SEC) to list the Bitcoin Investment Trust as an exchange-traded fund in a $500 million initial public offering (IPO). The trust, which launched in 2013 and exclusively invests in bitcoin, is one of the few options available to institutional investors who seek to exposure to […]

CFPB received only 7 bitcoin complaints in 2016

January 16th, 2017 by

The US Consumer Financial Protection Bureau (CFPB) received only seven complaints related to bitcoin in 2016. To be more precise, only one of these seven reported is related to virtual currency fraud or a scam. Two complaints are labeled as ‘other transaction issues”, and the rest of the complaints relate to other service issues.” It […]

South Korea plans to launch full-scale blockchain financial services pilot

January 12th, 2017 by

South Korea’s Financial Services Commission (FSC) – the country’s primary financial regulatory and authority – have announced during a fintech meeting that it will launch a full-scale pilot project on blockchain-powered financial services this year. The announcement comes just over a month after the formation of South Korea’s first blockchain consortium. A group of 21 […]

Islamic militants used bitcoin and PayPal to fund terror acts

January 11th, 2017 by

Islamic militants are using bitcoin and online-payment services such as PayPal to fund terrorism in Indonesia, according to the head of a financial transaction and reporting agency. Officials with Pusat Pelaporan dan Analisis Transaksi Keuangan (PPATK), an independent agency established in 2002 that enforces the country’s anti-money laundering (AML) laws, gave the remarks at a […] operator pleads guilty in US case tied to JPMorgan hack

January 11th, 2017 by

Anthony Murgio, a man accused of co-running the Florida-based bitcoin exchange which shut down amid charges of money laundering and connections to a JP Morgan hack, has plead guilty in federal court. The plea deal, which was concluded in federal court in Manhattan, saw Murgio pleading guilty to three counts, including conspiracy to operate […]

Securities Exchange Commission delays decision on SolidX Bitcoin Trust

January 10th, 2017 by

The U.S. Securities Exchange Commission (SEC) announced that it is delaying its decision whether to approve the listing of SolidX Bitcoin Trust on the NYSE Arca exchange. SolidX first filed a registration statement (Form S-1) with the SEC on July 11, 2016, proposing to launch its SolidX Bitcoin Trust. SolidX Bitcoin Trust will not be […]

The Netherlands’ Public Prosecution Service focusing on bitcoin money laundering

January 9th, 2017 by

The Netherlands’ Public Prosecution Service is looking at three pending cases involving the digital currency bitcoin and money laundering in 2017. The prosecution department, formally known as the Openbaar Ministerie (OM), is the body responsible for determining whether suspected criminals should be referred for prosecution. It is currently legal to trade in bitcoin, which rose […]

Spanish banking group BBVA acquires Mexican fintech startup Openpay

January 4th, 2017 by

BBVA has announced the acquisition of Openpay, a payments fintech startup based in Mexico that enables real-time payments for individuals, small businesses, and large enterprises. According to BBVA, Openpay combines a cutting-edge, real-time platform that allows users to make card, cash and loyalty points payments and banks transfers in a single integration. It also uses […]