FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme

Four promoters of crypto-denominated chain-referral scams are ordered to pay fines totaling less than $500,000. Source link

Crypto Funds Are Outperforming – You Shouldn’t Be Surprised

Josh Gnaizda of Crypto Fund Research looks into possible reasons behind the relative performance of crypto funds vs bitcoin since Q1 2017. Source link

Circle CEO: China’s Digital Currency Could “Bypass Western Banking System”

Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi. Source link

Blockchain Will Integrate BitPay’s Payments System For Wallet Payments

The largest wallet provider, Blockchain, partnered with the largest bitcoin payment processor, BitPay. Source link

Maker Foundation Tried and Failed to Register ‘DEFI’ Trademark

Under current law, the responsibility of defending trademarks falls on the holder of the trademark. Source link

Rep. Waters Says Congress Will Continue Review of Facebook’s Libra

Congresswoman Maxine Waters announced a tentative schedule for this fall including a continued review of Facebook’s Libra initiative. Source link

Largest Korean Exchange to Review Listings and Drop Failing Coins

Bithumb will assemble a committee to periodically review its listed cryptocurrencies, becoming the second exchange in Korea to update its listing policies. Source link

UK Central Bank Governor Sees Digital Currency Displacing US Dollar as Global Reserve

BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar. Source link

Binance Offers VIP Accounts to Hacked Users

Binance will offer VIP accounts to affected users but recommends hacked users replace their government IDs. Source link

Web3’s Gavin Wood Launches Kusama Network to Test Polkadot Protocol

The Web3 Foundation launched a live experimental version of the Polkadot network on Friday. Here’s what Kusama will be testing. Source link