Chinese Communist Party’s new blockchain book casts Libra as a threat to its currency system

China has published a new book to educate government officials on digital currency and propose policy measures to deal with emerging challenges like Facebook’s Libra.  The book, Discussing Digital Currency with Leading Officials, is part of a series that explores the political and economic consequences of technologies like cryptocurrency and Read more…

$25M ICO project that once promised decentralized search to return funds following SEC charges

The Securities Exchange Commission (SEC) has ordered decentralized search startup BitClave to pay back investors of an unregistered initial coin offering (ICO) as part of a settlement agreement.  The SEC alleged that BitClave violated securities laws by emphasizing the expectation that its Consumer Activity Token (CAT) would increase in value, Read more…

Kingdom Trust acquires company from CoinShares founders, enables hybrid IRA with bitcoin bonus

Kingdom Trust, the $13 billion custodian, has acquired a crypto retirement company created by former CoinShares founders. The acquisition of Choice Holdings enabled the launch of Kingdom Trust’s Choice platform, a unified retirement account where individuals can hold different asset classes, including crypto. The custodian is also offering a bitcoin bonus Read more…

Crypto fund investor loses injunction bid after court finds it would cause more harm than good

Quick Take Lawsuit by cryptocurrency fund investor sought to prevent fund from restructuring into an LLC Court initially granted temporary restraining order, which would have prevented restructuring from taking place and precluded other investors from getting funds returned Court dissolved TRO after hearing argument from Defendants, after finding that the requirements Read more…

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