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By Dean SealSoFi Technologies plans to launch an international money transfer service on its app later this year that will use blockchain technology to reduce fees and speed up deliveries.The San Francisco financial-technology company has teamed with the payments company Lightspark to offer the servâŚ
Opinion by: Zachary KelmanNo, the GENIUS Act doesnât remove all government control over money. It doesnât make Bitcoin tax-free. It doesnât âlegalizeâ decentralized finance (DeFi). And no â itâs not a Trojan horse for a Mark-of-the-Beast-style CBDC, especially with the anti-CBDC provisions passed alâŚ
A jury in Manhattan found Tornado Cash co-founder Roman Storm guilty on a charge of operating an unlicensed money transmitter, but the jury could not come to a conclusion on a money laundering charge and another related to sanctions, according to reporting from Inner City Press.The jury's decision câŚ
A jury's verdict to find Tornado Cash creator Roman Storm guilty of conspiracy to operate an unlicensed money transmitting business was met with disappointment from crypto pundits and signs of a possible appeal. On Wednesday, a jury in Manhattan found Storm guilty on that money transmitting charge, âŚ
A jury in Manhattan found Tornado Cash co-founder Roman Storm guilty on a charge of operating an unlicensed money transmitter, not guilty on a sanctions charge, but the jury could not come to a conclusion on a money laundering charge, according to reporting from Inner City Press.The jury's decision âŚ
A U.S. appeals court overturned former OpenSea employee Nathanial Chastain's fraud and money laundering convictions, citing discrepancies around whether the NFT information involved was property.In an order filed on Thursday in the U.S. Court of Appeals for the Second Circuit, the judges said they aâŚ
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have said that they now wish to plead guilty to charges stemming from their involvement in the crypto mixing protocol.Separate filings on behalf of Rodriguez and Hill were made in a New York federal court on Tuesday, which said tâŚ
By Vicky Ge HuangGoldman Sachs and Bank of New York Mellon are bringing the technology that underpins crypto to an investing stalwart: the humble money-market fund.The two banking giants said Wednesday they are partnering to launch digital tokens that confer ownership of money-market funds managed bâŚ
As the adoption of stablecoins slowly takes over, stewardship and proper regulation become a priority to maintain economic harmony. Bank of England (BOE) Governor Andrew Bailey seems to think the same.Bailey has cautioned that the adoption of digital currencies, including stablecoins, could upset thâŚ
Stablecoins have become the backbone of internet payments, with adoption now outpacing major traditional card networks in onchain volume, according to Noam Hurwitz, head of engineering at Alchemy.Hurwitz told Cointelegraph that stablecoins have seen âexplosiveâ adoption, adding that they are âbecomiâŚ
Kraken has launched a new global finance app, expanding its push into the payments space as crypto exchanges look to diversify beyond trading, Reuters reported. The new product, called Krak, enables users to send money across borders instantly using over 300 assets, including crypto, stablecoins, anâŚ
Bank of England Governor Andrew Bailey on Friday questioned why new forms of money, such as stablecoins and central bank digital currencies for retail use, were needed for use in the wider economy.These technologies needed to demonstrate clear benefits - innovations like smart contracts in payments âŚ