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“# UK FCA establishes temporary crypto registration regime due to backlog ” The United Kingdom’s Financial Conduct Authority has issued temporary registrations to crypto-asset companies that have already submitted applications but not yet been processed. According to a Dec. 16 announcement, this will allow the companies to continue trading for an extended period until July…
“# Sources claim ‘sympathetic’ Trump is considering pardon for Silk Road founder ” According to The Daily Beast, outgoing U.S. president Donald Trump is considering granting clemency to Ross Ulbricht — the founder and operator of the pioneering darknet market, Silk Road. Ulbricht was arrested in 2013 and received two life sentences without parole for…
“# Arbistar class action lawyer calls for CEO to be detained ahead of trial ” A lawyer representing users in one of four class-action lawsuits against Spain-based crypto trading bot developer Arbistar is calling for authorities to take “forceful” action against its CEO. According to a report from Spanish news outlet elDiario.es, lawyer Carlos Aránguez…
“# DJ Khaled and Floyd Mayweather promoted his 2017 ICO; Now, he faces a year behind bars ” A Manhattan court has sentenced the operator of the fraudulent crypto investment firm Centra Tech to a year and a day in prison. Per a Tuesday announcement from the Department of Justice, Robert Farkas successfully solicited $25 million…
“# With Bill Barr leaving the DoJ, what will the next Attorney General do about crypto? ” In a tweet Monday evening, President Trump announced the departure of William Barr from the office of Attorney General. The announcement comes the same day that the Electoral College convened and confirmed Joe Biden’s victory in the November…
“#Tech giants face tougher rules, big fines under EU plan” Big tech companies face hefty fines in Britain and the European Union if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in London and Brussels. The EU outlined its long-awaited sweeping overhaul of digital…
“# Fidelity-backed crypto trading platform OSL secures license in Hong Kong ” OSL, a major digital asset platform in Asia and a unit of Fidelity-backed BC group, has been officially licensed by the Securities and Futures Commission of Hong Kong. According to a Dec. 15 announcement, the new license allows OSL Digital Securities to operate…
“# Investigation traces scam Bitcoin celeb ads to Moscow ” A major Bitcoin (BTC) ad scam involving unauthorised images of Australian celebrities who seemingly promoted fake investment schemes is allegedly coming from Russia, according to a new report. Fraudulent Bitcoin ads capitalizing on Australian celebrities like Dick Smith and Andrew Forrest are part of an…
“# US FTC digs into Big Tech’s centralized reservoirs of user data ” The United States Federal Trade Commission is making the giants of social media account for their user data practices. On December 11, the FTC published orders for special reports from unnamed social media companies. The commission’s stated aim for the reports is:…
“# Senator-elect wants to spread Bitcoin awareness in the US government ” An unprecedented year, 2020 has sent the global economy into a tailspin in an effort to compensate for COVID-19-related difficulties. If the traditional system collapses, Bitcoin will become vital, according to United States Senator-elect Cynthia Lummis. “If we reach the point where we…