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Sexual Misconduct Allegations Emerge Against Bitcoin Coder Peter Todd

The Takeaway: Former Bitcoin Core developer Peter Todd filed a defamation suit in April demanding the deletion of a tweet that accused him of sexual misconduct. In response, three people submitted statements to the court this week accusing Todd of such misconduct. One alleged victim, “Jane Doe,” stated she stopped contributing to bitcoin projects in …

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Watch Today’s Facebook Libra Hearing at the House Financial Services Committee

Today the U.S. House Financial Services Committee will grill Facebook executive David Marcus on the social media giant’s proposed Libra cryptocurrency. The lawmakers will also interview a panel of expert witnesses, including former CFTC chairman Gary Gensler and bitcoin doyenne Meltem Demirors. The session kicks off at 14:00 UTC (10 a.m. EST). Watch it here: …

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Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options

Cubans are quietly exploring cryptocurrency use-cases on the politically isolated island, even watching Facebook’s Libra project with cautious optimism. Cuban expat Claudia Rodriguez of the Brazilian startup Fusyona, the sole bitcoin exchange proactively serving Cubans, told CoinDesk the exchange has nearly 700 accounts since launching in 2018. She said up to 60 users purchase a …

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Canada’s Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K

Canada has updated its anti-money laundering rules, making changes that will affect cryptocurrency exchange operations in the country. The Canadian government published the amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in the Canada Gazette on Wednesday. While the changes to the financial rules – finalized late last month – cover a number of perceived …

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Blockchain Association Takes Over Kik’s ‘Defend Crypto’ Crowdfunding Effort

Canada-based social media company Kik is relinquishing control of its legal defense crowdfunding campaign to the Blockchain Association in an effort to broaden the initiative’s reach. Kik and the Blockchain Association announced Friday that the D.C.-based lobbyist group would be taking over “Defend Crypto,” the crowdfunding initiative that Kik previously launched to raise funds for …

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Howey Schmowey – The Real Answer is to Update Securities Regulations

David Weisberger is co-founder and CEO of CoinRoutes and a veteran of building trading desks and financial technology businesses. The opinions expressed in this article are his own, and do not reflect CoinDesk’s position. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views on crypto …

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Concerns Over Facebook Data Use Derailed at Least 3 Crypto Partnerships

Facebook’s GlobalCoin project, also known as Project Libra, may face significant hurdles as the social media giant works toward a prospective launch. Despite reports that Facebook is gearing up to reveal its new cryptocurrency as early as next week, a source with knowledge of Facebook’s operations said the project’s software has a long way to …

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Kik is Crowdfunding $5 Million in Crypto to Help Fight SEC

Canada-based messaging app firm Kik has launched a crypto crowdfunding campaign to support a likely court battle with the U.S. Securities and Exchange Commission (SEC) over its 2017 initial coin offering (ICO). Announced by Kik founder and CEO Ted Livingston and Patrick Gibbs, a partner at law firm Cooley LLP, on the UnChained Podcast Tuesday, the campaign …

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Montana Passes Bill to Exempt Utility Tokens From Securities Laws

“Big Sky Country” has gone crypto friendly, with new legislation addressing the use of utility tokens. The governor of the U.S. state of Montana, Steve Bullock, signed House Bill 584 into law earlier this month, recognizing utility tokens and exempting them from being considered as securities under local rules, with caveats. Scintillatingly titled “Generally revise laws …

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