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Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud

Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto FraudThe U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from investors by creating an “interconnected suite of crypto-asset securities,” many of which were involved in […]

Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product

Nexo Agrees to Pay  Million to SEC and State Regulators for Unregistered Offering of Earn Interest ProductThe cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the […]

Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force (FATF) Travel Rule. There are currently 18 crypto firms that have joined TRUST so […]

Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link

Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders

Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage TradersOne of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through the cryptocurrency industry. The sending of the notices has also raised questions about the criteria that Standard Bank is […]

Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link

Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close

Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to CloseFresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to […]

Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link

Concordium Debuts its Business-Oriented Blockchain Mainnet

Concordium Debuts its Business-Oriented Blockchain MainnetAfter years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Tourism Industry Veteran: Global Travel Lacks Standards, Blockchain the Missing Link