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Us Federal Court Ruling — Bitcoin Is a Form of Money


A US Federal Court said Friday that bitcoin is a form of money covered under the Washington D.C., Money Transmitters Act (MTA). The court made this conclusion as it denied a motion to dismiss criminal charges against Larry Dean Harmon, the operator of an underground bitcoin trading platform....

How Bitcoin Allows Cloudbet to Offer the Fairest Odds in Soccer


One crypto sportsbook is using the English Premier League’s return to demonstrate how blockchain technology helps it to offer customers fairer prices to maximise their winnings. Cloudbet, the pioneering bitcoin operator, recently announced that for each remaining game in the EPL season, it would...

Fund Operator Offers Telegram TON Investors Paybacks of Just 21%


A major hedge fund that recruited a number of investors in the failed Telegram Open Network (TON) blockchain and crypto initiative is offering its investors just 21% of their stakes as a refund after the project collapsed, said a new report. Per Forbes Russia, ATON, a fund who once promised that...

South Korean Local Stablecoin Operator Posts Record Profits


Business appears to be booming for a company operating an increasingly large number of South Korean local stablecoins. Per Fn News, the Korea Minting and Security Printing Corporation (KOMSCO) – the company that has printed banknotes and minted coins for the nation’s treasury for the past 70 or...

Sparrow Raises USD 3.5 Mil in Series a Funding


23 June 2020, Singapore – Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC. Kenneth...

New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator


Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company...

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