• SEC elevates stature of FinHub
    Regulation

    SEC elevates stature of FinHub innovation unit

    The Securities and Exchange Commission’s Strategic Hub for Innovation and Financial Technology is now a stand-alone division, giving newly minted director Valerie Szczepanik more influence

    SEC Chairman Jay Clayton said elevating FinHub to a stand-alone office “furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”

  • crypto money launderer's haven
    Cryptocurrencies,  Regulation

    Crypto still a money launderer’s haven: CipherTrace report

    According to the blockchain intelligence firm, 56% of all crypto firms ‘have weak or porous know-your customer processes, meaning money launderers can use’ their services

    More than half of all cryptocurrency exchanges are so lax about making customers prove their identity that they can be considered money-launderer friendly.

  • Bitcoin

    Gemini announces crypto wallet usable at Whole Foods and Baskin Robbins; eBay teases acceptance

    Consensus 2019 brings news of using crypto at the cash register

    Now you’ll be able to spend your whole crypto wallet at Whole Foods, and soon you may be able to bid on CryptoKitties at eBay. Growing adoption of cryptocurrency payments by mainstream companies was the big theme that emerged on the first day of Coindesk’s Consensus 2019 conference in New York on May 13. The Winklevoss twins’ Gemini announced that major retailers—ranging from Whole Foods to Nordstrom’s—were accepting crypto payments. Meanwhile, online marketplace eBay teased it may soon take virtual currencies with ads and a show sponsorship.