• Steven Segal SEC fine Bitcoiin
    Alt coins,  People,  Regulation

    Steven Seagal KOed by SEC

    The martial arts actor agreed to pay more than $300,000 to settle Securities and Exchange Commission charges over his endorsement of a 2018 ICO

    Seagal agreed to a $314,000 fine for failing to disclose that he had been promised $1 million in cash and cryptocurrency for promoting Bitcoiin2Gen's initial coin offering.

  • Shopify helps Facebook’s Libra frontman David Marcus
    Alt coins,  Regulation

    Shopify joins Libra, providing badly needed win

    The Libra Association’s long losing streak came to an end today as the global e-commerce firm Shopify announced its membership in the stablecoin project

    After a long, painful string of defections, the Libra Association finally has some good news to announce. A new member, retail e-commerce site Shopify, made the $25 million commitment to join on Feb. 21.

  • Mastercard CEO Ajay Banga Facebook Libra
    Alt coins,  Politics,  Regulation

    Mastercard’s chief tosses Facebook’s Libra under the bus

    The credit card firm’s CEO, Ajay Banga, said compliance concerns were the reason he pulled out of Facebook’s stablecoin project

    Mastercard CEO Ajay Banga told the Financial Times on Monday that important members of the Libra Association wouldn’t give a firm commitment to follow local laws in all circumstances, including know your client (KYC) and anti-money laundering (AML) regulations.

  • Integrate gram and Telegram Messenger? Us?Where did you get THAT idea? --Pavel Durov, CEO, Telegram (via TechCrunch_Disrupt_Europe_Berlin_2013_CC-BY-2.0)
    Alt coins,  Regulation

    After court ‘win’ Telegram claims will abandon TON blockchain, gram token  

    A small win in court is overshadowed by messaging service turned blockchain developer Telegram’s announcement that it won’t maintain its own TON blockchain. But is it all hot air?

    Telegram’s victory in court over the Securities and Exchange Commission Monday wasn’t much of a victory. In fact, it could prove to be the undoing of its planned Telegram Open Network blockchain platform and gram cryptocurrency. The simultaneous announcement that it won't integrate gram payments into its Telegram Messenger platform signals a recognition that its fight to keep the $1.7 billion in gram tokens it sold in 2018 from being declared a security is faltering.