cryptocurrency News

Investors Allege Securities Violations by Cryptocurrency Issuers, Exchanges

Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of U.S. securities laws. The 11 lawsuits, filed on Friday in U.S. District …

Facebook Loses Backers for Its Libra Digital Currency But Could Still Proceed

Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant …

Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra

Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook’s Libra, which is seen as a risk to financial stability, officials said on …

Why Chinese Crypto Entrepreneur Was No-Show for $4.5M Buffett Charity Lunch

Chinese cryptocurrency entrepreneur Justin Sun, who cited health issues in postponing his charity lunch with Warren Buffett this week, issued a broad apology to just about everyone for touting the plan to dine with one of America’s richest people, noting …