• U.S. law enforcement has seized 18 cryptocurrency ATMs purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. • The funds were used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). • Charles Riley Constant, […]
Peter Schiff’s Financial Crisis Warning • Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. • He argued that the financial crisis of 2008 was caused by too much government regulation. • The Federal Reserve and U.S. government have recently unveiled measures to bail out failed Silicon Valley […]
• CFTC Chairman Rostin Behnam has asserted that ether is a commodity, not a security as claimed by SEC Chairman Gary Gensler. • Behnam claims that the derivatives watchdog would not have allowed ether futures products to be listed on CFTC-regulated exchanges if they did not feel strongly that it was a commodity asset. • […]
• Xapo Bank announced a partnership with Lightspark to integrate the Lightning Network into its platform. • This integration allows users to make small purchases up to $100 at any vendor that accepts Lightning Network payments. • Xapo CEO Seamus Rocca believes this integration can help clients avoid long wait times and higher onchain fees. […]