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“# Crypto custodian Protego gets national charter from the OCC ” The Office of the Comptroller of the Currency has granted another crypto firm a national charter. Per an announcement shared with Cointelegraph today, Washington-based institutional crypto custodian Protego is the second crypto-native firm to get national licensing from the OCC. The new charter is…
“# Estonia’s crypto honeymoon at an end as stricter regulations loom ” Estonia’s finance ministry is reportedly looking to enact stricter crypto licensing regulations. This comes after the authorities revoked the licenses of about two-thirds of the cryptocurrency businesses operating in the country back in 2020. According to ERR News, the Estonian Ministry of Finance…
“# Crypto escrow agent dodges jail after lying over stolen millions ” A Manhattan federal judge has let an escrow agent walk free for deceiving a crypto investment manager about having purchased $3.25 million worth of Bitcoin on their behalf in 2018. During a hearing held over video conference on Feb. 4, U.S district Judge…
“# New antitrust legislation aims to put an end to tech monopolies in the US ” The Senate sees new legislation aiming to update antitrust laws for new technologies. Senator and former candidate for the Democratic presidential nomination Amy Klobuchar is introducing the Competition and Antitrust Law Enforcement Reform Act today, Cointelegraph has learned. Sen….
“# New class action against Robinhood alleges oligopoly manipulation ” Robinhood, the stock trading app formerly popular with millennials, is facing another class-action suit, following its recent temporary suspension of purchases of GameStop and other “meme-stocks” through its platform. The lawsuit, filed Jan. 29 in Houston, Texas, alleges that Robinhood, along with other named defendants…
“# Phase one of Switzerland’s blockchain law goes into effect ” On Monday, part one of the Swiss blockchain law covering company reforms went into effect. Back in September 2020, the country’s parliament passed an expanded regulatory framework for crypto and blockchain technology in the country. According to a Swissinfo report, the implementation of the…
“# Ripple demands to know why Ether isn’t a security as XRP defense gets desperate ” Ripple’s case before the Securities and Exchange Commission is threatening to have major, well, ripple effects for the industry. On Jan. 29, Ripple Labs filed its response to the SEC’s complaint. Ripple, as it has many times before, argued…
“# Crypto industry jumps into lobbying in response to FinCEN ” The crypto lobby is growing as more firms join the effort to fight rules that attack financial privacy. The Blockchain Association today announced the addition of five new members, with membership now totaling 30 firms. The new members are Uniswap, Blockfi, Fireblocks, CMT Digital…
“# Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss ” The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida man Tyler Toomey against Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss. In November 2020, Toomey purchased 135 XRP tokens at $0.724…
“# DoJ, Chainalysis work to break up ransomware network that targets hospitals ” United States authorities have hit a major malware operator, with help from leading blockchain analytics firm Chainalysis. On Wednesday, the Department of Justice announced the seizure of $454,530.19 in cryptocurrency from NetWalker, a ransomware operator the Federal Bureau of Investigation alleges to have…