Legal
Michigan Bill Would Make It Illegal to Counterfeit Blockchain Data
A pair of bills submitted to Michigan's state legislature would make it a crime to illegally alter a blockchain record.
Tether Manipulation Pushed Up Bitcoin's Price, Researchers Find
A new study by the University of Texas at Austin claims that the Tether stablecoin is used to increase bitcoin's price during market downswings.
Blockchain Is 'Revolutionary,' Says German Finance Regulator Chief
The president of BaFin thinks blockchain-based applications are "revolutionary" and could turn the entire financial sector "upside down."
Korean Banks Can Use Blockchain to Verify Customer IDs from July
A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.
UK's Financial Watchdog Issues Letter to Banks on Crypto Risks
The U.K.'s Financial Conduct Authority has written to bank CEOs over the risks of "facilitating financial crimes which are enabled by cryptoassets."
LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business
A 50-year-old woman, who traded bitcoin as "Bitcoin Maven," faces 2.5 years in jail for having run an illegal money transmitting business.
CFTC Demands Crypto Exchange Data In Market Investigation
The U.S. regulator has subpoenaed four crypto exchanges to submit trading data as part of an investigation into market manipulation.
Lithuania Issues Guidelines for When ICO Tokens Are Securities
Lithuania's Ministry of Finance has published guidance on ICOs, outlining how different aspects of token offerings should be regulated.
Coinrail Exchange Hacked, Loses Possibly $40 Million in Cryptos
South Korea-based Coinrail has not disclosed the exact amount lost in the breach, but data suggests the damage could be $40 million.
Another Investor Lawsuit Claims XRP Is a Security
A new lawsuit claims XRP is a security controlled by Ripple.
