News

SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor

The U.S. Securities and Exchange Commission (SEC) wants Telegram’s former chief investment advisor to testify and hand over documents related to the company’s $1.7 billion 2018 token sale.

The SEC has asked the High Court of England and Wales to obtain the testimony and documents from John Hyman, a former investment banker with Morgan Stanley and Renaissance Capital who resides in the U.K.

Continue reading “SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor”

PayPal Joins $4.2M Round for Crypto Banking Compliance Startup

Financial institutions know how to calculate the risk of serving traditional businesses. But for firms touching cryptocurrency, the math is still fuzzy. The assumption of added regulatory hurdles and money-laundering fears have led to a widespread problem: Your average bank would rather just not deal with it.

Continue reading “PayPal Joins $4.2M Round for Crypto Banking Compliance Startup”

Tiny Crypto Startup Has Lessons for Libra’s ‘Unbanked’ Dreams

Out of dozens of token projects that supposedly aimed to offer financial services like remittances to the unbanked, Bitspark is one of the few still fully operational today.

If Facebook’s Libra project truly aims to serve the globe’s 1.7 billion unbanked, the Hong Kong-based Bitspark might offer some insights.

Continue reading “Tiny Crypto Startup Has Lessons for Libra’s ‘Unbanked’ Dreams”