The sentencing caps a saga that began in 2014 with allegations that GAW functioned as a Ponzi scheme by selling more mining power than it had.
BitGo Receives Regulatory Approval to Custody Crypto Assets
Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets.
Major Crypto Companies Form DC Lobbying Group
A number of major cryptocurrency firms are forming the Blockchain Association to lobby Washington, D.C. lawmakers on regulations in the space.
US Judge Rules ICO Frauds Fall Under Securities Law
A federal judge has ruled that a criminal case against an alleged ICO fraudster will proceed to trial, saying existing securities laws apply.
R3, Ripple Settle Legal Dispute Over XRP Purchase Option
Blockchain startups Ripple and R3 have resolved a legal battle that saw both firms filing suits in the U.S. over a contract dispute.
US, Canadian Securities Regulators Are Involved in Over 200 Crypto Probes
NASAA announced Tuesday that regulators are running more than 200 active crypto-related investigations.
Crypto Isn’t Just Money – It’s a Defense Against Discrimination
Financial discrimination shows just how precarious Americans’ rights are in practice. Cryptocurrency is the solution — if an imperfect one at present.
Bittrex Partners With Trading Firm on Crypto Securities Offering
U.S.-based crypto exchange Bittrex is partnering with regulated trading platform Rialto to ultimately launch crypto securities trading.
21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering
A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin.
California Judge Orders Accused Hacker to Pay Bail in Crypto
A man has been ordered to pay bail in cryptocurrency while he faces charges of hacking the computer network of a San Francisco game company.
Judge Rules Against ICO Founder in Fraud Lawsuit
A federal judge ruled against Monkey Capital and Daniel Harrison after finding he defrauded victims in an initial coin offering.
US Senate to Examine Energy Efficiency of Blockchain
The U.S. Senate will host a hearing on blockchain’s energy use and whether the tech can be used to protect infrastructure next week.
SEC Slaps ‘Fraudulent’ ICO Founder With $30K Fine, Lifetime Ban
The SEC has issued a cease-and-desist along with a $30,000 penalty to the founder of a token sale it called “fraudulent.”
How Crypto Reacted to This Week’s SEC Bitcoin ETF Delay
While the market didn’t like the SEC’s bitcoin ETF delay decision, observers on social media weren’t surprised at all.
Tezos ICO Class Action Looms After Motion to Dismiss Denied
A motion to dismiss a class action lawsuit against Tezos’ $232 million ICO was denied on Tuesday by a U.S. judge.
Ohio Becomes Latest US State to Legally Recognize Blockchain Data
The U.S. state of Ohio has joined Arizona in legally recognizing data stored and transacted on blockchain.
New York Finance Watchdog ‘Fiercely Opposes’ Sandboxes for Fintech Firms
The chief of New York’s financial regulatory body said Tuesday that the agency is “fiercely opposed” to regulatory sandboxes for fintech firms
SEC Subpoenas Another Firm Following Claimed Blockchain Pivot
Long Blockchain, which made headlines last year when its stock surged following a blockchain pivot, has been subpoenaed by the SEC in the U.S.
Arizona Bitcoin Trader Gets Jail Sentence for Money Laundering
A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto.
SEC Chief Got Into ‘Heated’ Debate on Crypto
A newly released transcript from an SEC roundtable showcases the passionate discussion around crypto within the agency.