CFTC Orders Bitcoin Trader To Pay $1.1M USD For Fraudulent Crypto Scheme

Crime, News | November 13, 2018 By:

An Arizona-based crypto trader has been fined $1.1 million by the US Commodity Futures Trading Commission (CFTC) for stealing cryptocurrencies from his previous employer, Chicago-based trading firm Consolidated Trading.

The CFTC issued an Order filing and settling charges against Joseph Kim for orchestrating a fraudulent cryptocurrency scheme that led to more than $1 million in losses.

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Fintage House To Accept Crypto For Entertainment Rights Transactions

News, Now Accepting | November 13, 2018 By:

Fintage House, a Netherlands-based rights management company, has teamed with blockchain social entertainment platform TaTaTu to start accepting cryptocurrency for entertainment rights transactions.

Established in 1986, Fintage House specializes in the collection and management of music publishing rights and neighboring rights for record labels and artists;

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Japanese Bank MUFG, Brazil’s Banco Bradesco Sign MoU To Develop Blockchain Cross-Border Payment Service

News | November 13, 2018 By:

Japan-based Mitsubishi UFJ Financial Group (MUFG), the world’s fifth-largest financial institution, has partnered with Brazil’s Banco Bradesco to develop a cross-border payments service based on Ripple’s blockchain technology.

The two banks signed a memorandum of understanding (MOU) to create cross-border payments between Japan and Brazil.

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