California

The founder of the Bitcoin-investor group BitAngels, Michael Turpin, through court, obtained payment of $ 75.8 million of compensation in a lawsuit against Nicholas Truil, who stole his cryptocurrency from him through a SIM swap. Reported by the Cointelegraph. A California court of highest instance found that Trulia and other participants in the fraudulent scheme stole Turpin’s assets, gaining control of his phone number. Nicholas Truil himself was arrested […]

In Kleiman’s sensational lawsuit against Wright, a new turn: the court of the Southern District of California ordered nChain senior researcher and self-proclaimed Satoshi Nakamoto to disclose the number of bitcoins he owned as of December 31, 2013, thereby satisfying the plaintiff’s claim. Wright Motion by Scribd So, in addition to providing information about Bitcoin-capital, Wright is obliged to disclose the details of […]

The head of the clearing division of JPMorgan & Chase financial holding, John Hunter, said that the functionality of the Interbank Information Network (IIN) system for cross-border payments based on the Quorum blockchain will be significantly expanded, the Financial Times reports. Thus, the launch of a pilot project in partnership with the Australian ANZ and Royal Bank of Canada took place in the autumn of 2017. Then the developers focused on the application of IIN in […]

The Financial Crimes Enforcement Network (FinCEN) first fined a Bitcoin-trader for violating the Banking Secrecy Law (BSA) as part of the peer-to-peer exchange of cryptocurrencies. This is stated in a press release. Thus, California resident Eric Powers was engaged in buying and selling bitcoins for clients, however, he was not registered as a money transfer operator or business owner in the financial services industry. […]