February 29

“Internal documents obtained by BuzzFeed revealed New York-based Clearview AI – a startup facing legal threats from Apple and Google as well as calls for greater scrutiny into its practices – had already shared or sold its technology to roughly 2,200 companies and authorities around the world.

Clearview’s software trawls websites and social media platforms to scrape data and match images posted online to persons of interest.

Coinbase was among the organizations that had used the software for at least one search. It hasn’t yet committed to using the product, they said.”

“As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral.

This is a recognized form of investment.”

“Through interviews conducted with multiple teams at ETHDenver earlier this month, it became apparent that this isn’t 2016’s DAO.

From coordinating the hackathon’s winners to purchasing meals at Capitol Hill food trucks in Denver’s historic Capitol Hill neighborhood, DAOs ran ETHDenver. Even the winning hackathon team was a DAO: Coz, a project aimed at being more efficient at distributing aid than non-profits.

If ETHDenver 2019’s focus on DeFi was an early indicator of that sector’s growth, DAOs could be much more prominent in 12 months’ time.

Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether.

The new $100 million repayment marks yet another move in the long-term controversial relationship of Bitfinex and Tether as both companies are facing class lawsuits accusing them of crypto market manipulation.”

“Immigration and Customs Enforcement’s (ICE) recently disclosed “Cryptocurrency Intelligence Program” (CIP) is deployed in every crypto-facing Homeland Security Investigations (HSI) case.

The budget proposal described CIP as an unlicensed money services business identifier that crawls across illicit crypto-broker hotspots – peer-to-peer sites, darknet markets, classifieds – to gather intelligence. 

The BCSC established the CIP to adapt to changing methodologies and technology to target money laundering related to all types of criminal activity.”

“In an industry defined by the ideals of decentralization, companies like Binance and Kraken say they have been implementing this playbook for years: most of their employees already work remotely.

And while firms around the world scramble to develop protocols for what is increasingly likely to become a pandemic, and as capital markets plummet on global investors’ fears that the worst of the coronavirus outbreak is yet to come, these exchanges say they are going about business as usual.

They don’t need to shut their headquarters; they don’t have headquarters

“Chief Technology Officer David Schwartz said Ripple is working on “exciting” new features to broaden the ledger’s functionality and allow third-party users to introduce other cryptocurrencies into the XRP ecosystem.

Stablecoins is the obvious use case, but it’s not just stablecoins it’s essentially assets pegged to some external value.

Schwartz said asset-backed tokens on XRP would have “guaranteed” liquidity because of the ledger’s mechanics.”

The company unveiled a new type of a blockchain-based voting machine using Polys, the system released back in November 2017 designed to be an effective and secure way to vote online.

Elections running with this system would work like distributed ledger technology; the vote would be encrypted, while the link between the voter who cast it would be verified. Voters would then be able to confirm their vote had been recorded on the blockchain.

E-voting can solve some of these issues, allowing more possibilities for remote participation and even increasing turnout of younger people.”

Bernie has seen his price drop 21% to 51c/share, while Biden’s ascended 123% to 29c/share.

One of two things is probably going to happen in the Palmetto State: Joe Biden will win and get the juice to pick up a handful of Southern states on Super Tuesday. If Biden can win South Carolina…then lots of markets are going to pump in his favor.”

February 28

Loopring Exchange is the first publicly accessible zkRollup exchange on Ethereum mainnet. This is the user-facing product we have built on our own Loopring protocol, and we consider the exchange a public beta.

It is 100% non-custodial, inheriting Ethereum-level security guarantees while capable to perform at a throughput 1000x greater (and 600x cheaper settlement cost) than the current state of the art layer-1 DEXes.

There is no KYC to trade on Loopring.io and no personal data of any kind to be collected: an Ethereum address is all you need.

See Also: Synthetix Adds ETH Collateral
See Also: Torus v1.0: The Path to Decentralized Custody
See Also: WebAssembly / eWasm – Explainer (recommended read)

“Secure myState combines and implements existing blockchain integrations with a mindset of making government services easily accessible for everyone.

It’s a place where you can operate as a citizen, or a business entity; a document upload & verification system; an occupational license repository; [and] a one-stop-shop, for the people, by the people.”

See Also: Demo (Video)

“The $2.2 billion represents 16 different Class A commercial properties based in Austin and Houston, Texas, Brooklyn, N.Y., Oakland, Calif., and Ontario, Canada. New York City-based Red Swan is holding investors’ funds in escrow and plans to distribute shares in April.

Tokenization has struggled to transform the multitrillion-dollar real estate market as institutions hesitate to re-engineer back offices until they see liquidity. Red Swan claims it has 30,000 accredited investors on its platform.

The tokens are ST-20 tokens running on Ethereum, but Red Swan plans to switch over to an Enterprise blockchain platform in the future.”

See Also: RealT Increases Property Yields with Compound

“There are a number of moving parts when it comes to meeting travel rule requirements, including creating an identity system across a universe of VASPs, the storing and sharing of personally identifiable information (PII) without compromising privacy, and agreeing on a standardized messaging or data transmission system.

Some players believe a decentralized blockchain-based approach is needed to solve the travel rule problem in a manner appropriate to crypto companies, while others would prefer to rely on more centralized systems. 

We have been working with OpenVASP on interoperability already. Because the Shyft blockchain is a forked version of ethereum, you can actually deploy all of OpenVASP’s smart contracts fully onto Shyft.”

“Eric Wall, CIO of the Nordic cryptocurrency investment firm Arcane Assets, described the project as ‘the worst coin to have gotten as high as it did.’

The cryptography community doesn’t even know what to say about them at this point. First their custom-made hash-function was broken and you could forge transactions. Now they had to shut down their network because their wallet was hacked. This is insane because you should not be able to shut down a decentralized network.

The sort of meta-question the industry is asking itself is whether IOTA can successfully keep their partnerships and convert themselves into somewhat of a success by replacing the technology pieces as they go, without having had any viable plan whatsoever when they began. They’re pushing the boundaries of the fake-it-till-you-make-it approach to the extreme.”

“The plan is to enable game developers to create games within the dashboard, or simply insert code into an existing game that would integrate the Lightning Network for payments. There is a growing trend of players who want to be compensated for their time.

Users could be compensated for their attention especially when it comes to being bombarded by adverts.

I personally think that digital economies will become bigger than ‘real’ economies in our lifetime.”

See Also: Fake Horses, Real Bets: Unikrn Is Putting Racetrack NFTs on Ethereum

“Chamath Palihapitiya, the billionaire chairman of spaceflight company Virgin Galactic, has recommended that everyone hold Bitcoin (BTC) as a form of crisis insurance. 

When you see the amount of leverage the financial industry is running, and you think about all these dislocations and all these exogenous things that are happening that you can’t predict, there’s a lot of risk to the downside, and it will be great that an average individual citizen, of any country in the world, has an uncorrelated hedge.”

February 27

“Arca Funds wants to create a fund to buy U.S. Treasury bonds and then use them to back a digital token created atop the ethereum blockchain network. Those tokens will then be distributed to investors. Executives with the project say they’re hopeful for the go-ahead in the next few months.

The ERC-1404 standard allows shareholders to interoperate with the entire ethereum ecosystem with added functionality that allows the fund to enforce transfer restrictions within the ArCoin smart contract.

The ultimate prize for crypto-focused entrants like Arca is that a new market for digital token-based funds might spring up to compete with exchange-traded funds, or ETFs, which can be traded like shares on venues such as the New York Stock Exchange and Nasdaq.

In materials on closely held Arca’s website, executives describe the proposed ArCoin as a “blockchain-traded fund,” or BTF.

“The securities regulator wrote the New York-based Wilshire Phoenix had not proven the bitcoin (BTC) market is sufficiently resistant to market manipulation.

SEC Commissioner Hester Peirce, known as “crypto mom” in the space, published a dissent, writing that the agency applies a “heightened standard” to bitcoin products.

This line of disapprovals leads me to conclude that this Commission is unwilling to approve the listing of any product that would provide access to the market for bitcoin and that no filing will meet the ever-shifting standards that this Commission insists on applying to bitcoin-related products—and only to bitcoin-related products.”

“Trinity College Dublin’s chair of computer systems, Dr. Douglas Leigth, authored a study comparing Chrome, Firefox, Safari, Microsoft Edge and Yandex in terms of how much personal data they share with backend servers. Brave’s default configuration was by far the best of the bunch.

Used ‘out of the box’ with its default settings Brave is by far the most private of the browsers studied. We did not find any use of identifiers allowing tracking of IP address over time, and no sharing of the details of web pages visited with backend servers.”

Users can send cryptocurrencies by asking recipients for their wallet usernames like “@walletfan” and use them as the sending addresses. To be clear, the short usernames do not replace 16-digit wallet addresses but instead provide a more user-friendly representative that sits on top.

The new support also includes an integration with ENS, allowing Coinbase Wallet users to send cryptocurrencies to .eth addresses.

We believe these improvements will make cryptocurrency much easier to use and help drive adoption with a more mainstream audience.”

“Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself. Compound is launching the testnet of its experimental governance platform today, complete with a trial version of its COMP governance token.

Community members who feel it should incorporate other assets will now have a much better chance to get their way, because updates will be a matter for users to decide.

From here, Compound will focus on building services that run on Compound.

The coronavirus outbreak has led to postponed work resumption in government institutions, including the People’s Bank of China. Policymakers and research staff involved in the DCEP [Digital Currency Electronic Payment] project are no exception, which weighs on the development process.

A blockchain researcher at the Yangtze Delta Region Institute of Tsinghua University said that he expects the launch of the CBDC to still happen this year.

“Unlike trusted-setup systems, Supersonic requires no trust from third parties. A trustless zk-SNARK like Supersonic is a major breakthrough in cryptography within the last year, especially as decentralized finance applications gain traction.

Verifiable delay functions are a cryptographic tool that can be used to create perfect randomness, which is necessary for proof-of-stake networks. VDFs will be used in ETH 2.0. There is already a lot of investment in building good hardware and software support for VDFs.

“The platform will allow fans to own gamified ‘tokenized representations of their favorite fighters‘ resembling Tamagotchis, with fans able to train, level up, and manage diets to qualify for different weight classes.

Flow is Dapper Labs’ forthcoming blockchain project, which the firm describes as a developer-friendly platform for building blockchain apps, games and digital assets. Flow has seen ‘enormous interest from organizations and individuals across music, entertainment, and sports.‘”

“The regulator notes in its conclusion that digital ledger-based settlement could provide a “workable solution.” However, it adds a number of the respondents said that unless there are changes at the EU level relating to central securities depository (CSD) rules, there are obstacles to the introduction of the tech.

It looks likely Malta is looking to shed its reputation as a hub for money laundering.”

“Crypto prime brokerage service Tagomi is joining the Libra Association, becoming the 22nd member and the second to join since the group was formally founded in October 2019.”

A lawsuit claiming Ripple violated securities laws will be allowed to move forward.

Hamilton said the suit can include claims filed under federal law but dismissed some claims filed under California state law. The putative lawsuit is now stretching into its second year, after a number of similar complaints were consolidated and moved from state court to federal.”

February 26

The central bank does not see a real need to issue its own cryptocurrency unless a competitor to cash takes off.

We have concluded that there is not a compelling case to issue a CBDC at this time. Canadians will continue to be well-served by the existing payment ecosystem, provided it is modernized and remains fit for purpose.

The widespread use of private cryptocurrencies could change this calculation, he said.

It’s tough to predict if Libra will ever live up to its promises or even come into existence. But it is a good example of a transformative technology that affects how the bank needs to respond to the future of money.”

“The industrial era birthed the joint-stock company, a legal construct that helped fuel tremendous innovation and global growth — one that some have credited as being one of the most important innovations ever invented.

The blockchain era will be defined by decentralized organizations and DAOs, an evolution of the joint-stock company and one fashioned for open decentralized networks and not top-down, command and control companies.

The LAO is the next great experiment in this endeavor. The LAO is resurrecting The DAO in a way that aims to comply with US law, building a democratically managed decentralized organization that can invest in blockchain-based projects in a snap.”

See Also: MetaCartel Ventures Public Launch

“Nornickel, the Russian mining and smelting giant, has taken another step toward the issuance of tokens backed by metals on Atomyze, a Hyperledger-based blockchain platform.

The first batch of tokens will be backed by palladium, cobalt and copper mined by Nornickel. Over the first year, Nornickel expects to tokenize up to 10 percent of its overall sales volume.

“ConsenSys Health will be specifically targeting the U.S. healthcare market as the most ripe for disruption, citing its high per-capita cost — by far the highest among OECD countries.

According to ConsenSys, blockchain can improve on this by addressing the rising costs of research and administration. Making data sharing safer and faster, expanding access to care and engaging patients directly are some of the initiatives where blockchain can help.

Spinning off a separate company in this area is an opportunity for us to combine the powerful technology built by ConsenSys with a team of domain leaders to solve the biggest challenges in healthcare.”

“The community deemed action necessary because Steemit owns a giant pile of tokens that could be used to take over the blockchain. It is believed that Sun, a savvy marketer and controversial figure in the industry, now owns that giant pile.

When the soft fork was executed, the network’s validators, called witnesses, blocked STEEM held by a limited set of accounts from voting on who governs the network and participating in other ways that might allow it to seize control.”

“After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution.

The Filecoin project is a decentralized storage system based in the cloud. Its InterPlanetary File System, or IPFS, requires FIL coins as payment to miners in exchange for storage space.”

“Starkware believes it can solve two of the most pressing issues in crypto trading — the inherent vulnerability of centralized exchanges and the low transactional capacity of decentralized ones. 

We basically provide a scalability engine for exchanges. We batch a large number of trades together (could be tens of thousands) and prepare a single STARK proof, which attests to the validity of the entire batch.

Therefore, the system becomes self-custodial which almost completely eliminates the risk of an exchange mismanaging users’ deposits. Its first use-case is the Deversify exchange, an Ether DEX, launched by Bitfinex.”

“Status had been working on the improvements to the Whisper protocol before realizing its significant scalability issues. In 2019 the team forked Whisper to create Waku. Its current version can handle up to 1,000 daily users. However, the team expects Waku 1.2 to handle up to 100,000 users when it is released in 2-3 months.

But for Status to compete with mainstream giants such as WhatsApp, Telegram, Signal the company is simultaneously working on another modular peer-to-peer messaging stack from the ground up.

We don’t rely on central servers, everything is p2p. All the messaging is routed via go-ethereum [Ethereum networking layer].”

Polkadot will be the first non-ethereum blockchain to integrate Chainlink.

Chainlink is set to become the first and primary oracle provider for all Substrate-based chains and eventually the entire Polkadot network.”

“Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members.

IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged with manipulating the Bitcoin market in 2017. The Griffin paper also found ‘insufficient Tether reserves before month-ends.'”

February 25

“Utility Settlement Coin (USC), the blockchain-based payments system involving commercial and central banks, will be working with ConsenSys-backed startup Adhara. Fnality raised $64.5 million in June 2019 from 14 shareholders including banking giants Barclays, Santander, BNY Mellon, ING and others.

Fnality’s plan is to represent five currencies on its blockchain – USD, euro, JPY, GBP and CAD – allowing wholesale banking transactions to happen instantly, cross-border and 24/7.

It’s quite likely given the regulations and the impact potentially on monetary policy … that something like Fnality will come into existence [before CBDCs]. But they are totally compatible.”

See Also: ‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec
See Also: Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat

“Back when EOSIO, the software powering the $3.7 billion EOS chain, was just an idea, the crypto community debated whether delegated proof-of-stake, or DPoS, would lead to validation candidates effectively bribing users to support them. Now the community is all-in on what proponents call “voter rebates.”

Permitting payments makes it even easier for the wealthiest to cement their position. There is nothing stopping a validator from acting is if it were more than one entity, allowing whales to hold multiple spots on the governing council of block producers, effectively mounting a Sybil attack.

For the record, Vitalik Buterin called all of this. The ethereum (ETH) creator weighed in on what he saw as the inevitable vote-buying to come on EOS in a March 2018 post titled, “Governance, Part 2: Plutocracy Is Still Bad.””

See Also: EOS Network Suffering From Degraded Performance: Coinbase

“Finance ministers and central bankers from the G-20 are pushing for wider adoption of standards that compel cryptocurrency exchanges to disclose user information.

We urge countries to implement the recently adopted Financial Action Task Force (FATF) standards on virtual assets and related providers.”

“Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish the first crypto-native bank in the U.S.

She believes that Blockstream is an ‘ideal partner for serving BIG institutional investors that require regulated banks to deliver them services around bitcoin in USD markets.‘ However, she states that Avanti will stay “protocol neutral” and will welcome all cryptocurrencies demanded by clients.

Long expects Avanti to open its doors in early 2021.”

“The purchase was made back in January 2014. At the time, Tyler Winklevoss acquired a ticket for Virgin Galactic’s passenger-carrying spaceship for 312.5 BTC, which was worth $250,000 at the time.

As such, Winklevoss’s initial investment of 312.5 BTC in the ticket is currently valued at over $3 million. Winklevoss has described it as his “Bitcoin Pizza moment.””

February 24

“Thousands of developers flocked to Denver, Colorado this weekend to participate in ETHDenver, one of the largest Ethereum hackathon and conferences in the U.S. Here’s an overview of several DeFi projects:

  • DeFiatInstant fiat to ERC-20 exchanges in a single transaction
  • 1x.agLeverage aggregator with automated trading strategies
  • ohmydefi – Decentralized options market
  • UpSideDai – Speculate on the price of Dai with 20x leverage
  • MakerDAO BTC Vaulta project that plans to use renBTC, a bitcoin-backed Ethereum, as collateral for MakerDAO’s Dai stablecoin
  • ShopiFi – DeFi E-commerce plugin

See Also: What’s New in Eth2

Cool concept!

“What if we could unify existing USD stablecoins into one asset per peg that is more usable, stable and secure than the sum of its parts, based on a sustainable and decentralised protocol?

To mint an mStable asset you send any of the underlying assets to the smart contract of that asset. For the USD asset, the underlying stablecoins could be USDC, TUSD, USDT, USDC, GUSD, DAI, and so on.

For example, if you send 100 DAI to the mUSD contract, you will receive 100 redeemable mUSD back. Minting costs you nothing. The process is the same for mGLD, mEUR, mBTC and so on.

Your mUSD is, in theory, more secure than your DAI as it’s backed by several other stablecoins.

See Also: Authereum is Live
See Also: Arbitrum Rollup is live on Testnet
See Also: Torus v1.0: The Path to Decentralized Custody

“When it comes to crypto games, Japan leads the pack with an estimated net worth of over $40 billion. In addition, expert blockchain researchers have predicted that with increasing smartphone penetration around the globe, the crypto gaming industry could take off even further in 2020 and beyond.

Here is a list of some popular blockchain-based games to watch out for in 2020.”

Good interview with Erik Voorhees

“While still in its infancy, the growth of crypto lending platforms has given birth to a new type of measuring metric: interest rates, which has the potential to draw in new investors while encouraging the movement of crypto capital out of storage and into markets.

Interest rates present a wide audience of investors unfamiliar with crypto with a compelling and straightforward metric to evaluate the digital asset class.”

“One of the latest episodes of “The Simpsons” featured Jim Parsons of Big Bang Theory appearing as a guest star to explain cryptocurrencies and how a blockchain works.

The song and dance predicts cryptocurrency to be the future money. ‘Each day I’m closer, to being the cash of the future. Not in your wallet, I’m in your computer!‘”

See Also: Watch (Video)

DeFi 101: 1-click Tx’s with DeFi Aggregator

“Per the paper, the groundwork for mainstream adoption of blockchain, fast payments and digital currencies is already in place. According to JP Morgan, the adoption of blockchain in banking is three to five years away.

The report also notes that the cryptocurrency market is showing signs of maturity such as increasing institutional participation and the introduction of new contracts on regulated exchanges.”

February 22

“ENS and Unstoppable Domains are confronting the hierarchical nature of the internet stack and the Domain Name System (DNS) by building out a peer-to-peer (P2P) internet alternative. Meanwhile, UniLogin provides a portal to Web 3.0 projects such as ENS.

Using the ethereum blockchain, this new crop of startups is helping developers get decentralized websites onto the internet without the approval of DNS authorities.

As an ethereum smart contract, Millegan said .eth domains are dependent on the ethereum network and not web hosting partners.

See Also: We tracked 133,000 Ethereum names and exposed their secrets
See Also: Universal Login Is Now… UniLogin!

Recommended read.

“Ren leverages a native virtual machine – RenVM – to unlock cross-chain DeFi interoperability for trustless asset exchange. We bring assets like Bitcoin, Bitcoin Cash, ZCash to DeFi – effectively expanding liquidity through an intuitive cross-chain user-experience.

With Ren, anyone can send real Bitcoin to an Ethereum-based contract. Best of all, trading is 1:1 – without any staking or wrapping.

Right now, the code is finished and undergoing a rigorous audit. I expect us to be live sometime between the end of Q1 to early Q2.”

“This is the first new member of the organization since its formation four months ago.

Shopify said in its blog post it intends to “work collectively” to build a payment network that works “everywhere.”

As a multinational commerce platform with over one million businesses in approximately 175 countries, Shopify, Inc., brings a wealth of knowledge and expertise to the Libra project.”

Binance is neither licensed to operate, nor is it regulated in Malta, the country’s chief financial watchdog has said.

The Malta Financial Services Authority (MFSA) issued a statement Friday denying it has ever regulated Binance or that the exchange has ever had leave to operate in the island nation’s fledgling cryptocurrency industry.

CEO Changpeng Zhao tweeted that ‘this is old news & has always been the case.’ It isn’t clear if Binance still has an office in Malta.”

See Also: Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users

If the Swiss central bank doesn’t release its own coin by the end of 2020, SIX will launch its own Swiss franc stablecoin.Then you have a stablecoin but this is the problem: you have a counterparty risk involved.’

Instead, Moser wants the central bank to launch and issue its own digital currency. ‘That’s the exciting approach that we are working on.'”

“Over the past month, Bernie Sanders’ early primary strength has amassed him a commanding lead in Democratic Nomination markets. He’s currently trading in the mid-50s on PredictIt, up over 30c/share on second-place Bloomberg.

In the event of a contested convention, Bernie’s probability of winning would likely fall, as party insiders can tip the scales in favor of a more establishment nominee. If a clear-cut winner has not emerged after March 17, none of the crowded cast of candidates are incentivized to abandon the contest.”

“The catalyst this time is called Taproot/Schnorr, a years-in-the-making privacy and scaling upgrade that’s seen exciting progress recently.

There are two main options for enacting a soft fork. BIP 9 ensures the miners are prepared in advance of a soft fork, to make sure a change smoothly ripples throughout the network. A common objection to this approach is that it gives miners too much power.

Alternatively, there’s BIP 8, also known as the user-activated soft fork (UASF), which activates regardless of whether miners signal they are ready or not. Depending on execution, this approach could cause other problems.

Developing bitcoin is not a race. If we have to, waiting 42 months ensures we’re not setting a negative precedent that we’ll come to regret as bitcoin continues to grow.”

“The Tron (TRX) community was beside itself on Wednesday, Feb. 19 after founder Justin Sun’s address was shown to have voted in two Tron Foundation apps as a Super Representative (SR).

Super Representatives are responsible for overseeing block production on Tron’s blockchain. As such, they receive a sizable portion of the coin rewards from each block. In plain terms, this means that Tron’s community rules were bypassed, arguably to further enrich its own foundation.

Binance remains the top Tron SR, controlling 53% of the network.

The group provides a secure way for telecom customers to make digital payments directly with their carriers using blockchain technology. Using the Cross-Carrier Payment System (CCPS), a blockchain network developed by TBCASoft, transactions can be paid directly in the user’s currency through their mobile carrier. 

[We] will be one of the first carriers to launch the cross-border payment service and commercialize it in the Taiwan market. The service can help travelers reduce foreign transaction fees and enjoy the benefits of mobile cashless payments.”

“Reginald Fowler, an alleged operator behind payment processor Crypto Capital, was charged with wire fraud Friday, on top of existing charges of bank fraud, operation of an unlicensed money transmission business and conspiracy.

QuadrigaCX and Bitfinex are two of the exchanges which apparently used Crypto Capital to process user funds.