Orchid CEO ‘More Interested in the Long-Term’ Than Recent Price Dump

After a product launch and simultaneous Coinbase Pro token listing, Orchid Labs’ OXT token found itself down more than 20% in value by Dec. 18, as Cointelegraph detailed in a brief. Responding to the activity, Orchid’s CEO said the business has more of a long-term focus. “It’s obviously my responsibility as a CEO to be concerned about all aspects of the company, and given that this is now being traded, that’s one of the variables that we look at,” Orchid CEO Steven Waterhouse told Cointelegraph in a Dec. 19 interview,…

Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

Reginald Fowler, one of the individuals accused of running a “shadow banking” service for cryptocurrency startups, is expected to plead guilty to at least some charges during a court hearing next month. According to a letter written by Assistant U.S. Attorneys Jessica Fender and Sheb Swett on behalf of U.S. Attorney Geoffrey Berman, “it is anticipated that defendant Reginald Fowler will enter a change of plea at the next court conference.” U.S. District Judge Andrew Carter, who is overseeing the case in the Southern District of New York, endorsed the…

Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case

Reginald Fowler, one of the individuals accused of running a “shadow banking” service for cryptocurrency startups, is expected to plead guilty to at least some charges during a court hearing next month. According to a letter written by Assistant U.S. Attorneys Jessica Fender and Sheb Swett on behalf of U.S. Attorney Geoffrey Berman, “it is anticipated that defendant Reginald Fowler will enter a change of plea at the next court conference.” U.S. District Judge Andrew Carter, who is overseeing the case in the Southern District of New York, endorsed the…

Blockchain.com’s New GBP Gateway Creates a Crypto-Hedge Against Brexit Uncertainty

Blockchain.com is adding a British pound (GBP) gateway to its cryptocurrency exchange, The PIT, as it prepares for Britain’s coming separation from the European Union, or Brexit. Announced Thursday in a press release, the addition will utilize Britain’s Faster Payments Service (FPS) to let Blockchain.com’s U.K.-based users buy cryptocurrencies almost instantly. The company framed its dual announcement as a bet on Britain at a tenuous time. With Prime Minister Boris Johnson’s recent landslide victory all but ensuring Brexit by Jan. 31, the nation is streaming towards an uncertain future.  That…

Blockchain.com’s New GBP Gateway Creates a Crypto-Hedge Against Brexit Uncertainty

Blockchain.com is adding a British pound (GBP) gateway to its cryptocurrency exchange, The PIT, as it prepares for Britain’s coming separation from the European Union, or Brexit. Announced Thursday in a press release, the addition will utilize Britain’s Faster Payments Service (FPS) to let Blockchain.com’s U.K.-based users buy cryptocurrencies almost instantly. The company framed its dual announcement as a bet on Britain at a tenuous time. With Prime Minister Boris Johnson’s recent landslide victory all but ensuring Brexit by Jan. 31, the nation is streaming towards an uncertain future.  That…

Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

South Korea’s biggest telecom company, KT, just announced the launch of a local blockchain-based currency for one of the country’s largest cities, which will reportedly go live on Dec. 30.  Local news outlet dongA reported on Dec. 19: “Dongbaekjeon is a blockchain-based card-type local currency issued by Busan City to revitalize Busan’s local economy and ease the management burden of small business.” The media outlet listed multiple ways to access the currency, including a Dongbaekjeon mobile app, a bank named Hana and Busan Bank.  The article also noted participants can…

DigiByte Founder Jared Tate Talks Binance Listing Woes, Dangers of the Status Quo

What started as a Twitter thread of frustrated complaints about corruption and centralization in the crypto industry ended with an abrupt announcement: the delisting of DigiByte on Poloniex. Jared Tate, the founder of DigiByte, once among the most popular coins traded on the exchange, sat down with Cointelegraph to share about his concerns following the debacle. Source: Twitter The acrimonious relationship between Tate and the larger forces of Binance (and most recently, the Tron-acquired Poloniex exchange) traces back to a different era in the crypto industry. It was 2017, and…

Iran President: We Need a Muslim Cryptocurrency to Fight the US Dollar

Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar, AP reported.  “The Muslim world should be designing measures to save themselves from the domination of the United States dollar and the American financial regime,” he said at the Kuala Lumpur Summit in Malaysia on Thursday.  Iran has been hit with severe economic sanctions by the U.S. that limit how the nation’s financial institutions make investments abroad since the dollar is the most common…

France’s Financial Regulator Grants Country’s First Approval for an Initial Coin Offering

The hype around initial coin offerings may have quieted down in the States, but France seems to be taking a newfound interest. On Dec. 17th, France’s financial regulator, the Autorité des Marchés Financiers (AMF), granted the country’s first approval for an ICO application. The offering came from French-ICO, a company that has developed a platform for funding projects using cryptocurrency. The firm is the first to be white-listed and a notice has been posted on the AMF website. Reuters reported in July that the AMF was in talks with three…