Circle Co-Founder Sean Neville Quits as CEO After Reshuffle: Report

Payments company Circle will install a new CEO at the start of 2020 after one of its original co-founders steps down from the position.  According to cryptocurrency media outlet CoinDesk on Dec. 5, co-founder and co-CEO Sean Neville will transition to a post on the company’s board of directors in January. Sean Neville becomes board member Neville launched Circle with Jeremy Allaire in 2013, and has presided over its metamorphosis in the ensuing years, including a pivot away from Bitcoin (BTC) and the acquisition of cryptocurrency exchange Poloniex last year. …

Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm

Coinbase, a major American cryptocurrency exchange and wallet service, has not acquired digital currency brokerage firm Tagomi. On Nov. 29, sources told CoinDesk that Coinbase acquired Tagomi for $150 million that morning, following purported negotiations between the firms last month. According to The Block, Tagomi’s lending and borrowing services made it a tempting target for an acquisition. Responding to Cointelegraph’s request for comment on the purported acquisition, Coinbase VP of communications Rachael Horwitz simply said, “100% false.” Tagomi had reportedly been targeting more retail trading clients, high-net-worth individuals and active…

German Banks Allowed to Sell and Custody Crypto Assets From 2020: Report

German banking association BdB was positive about the legislation, too. “Credit institutions are experienced in the safekeeping of client assets and in risk management, are committed to investor protection and have always been controlled by the financial supervision,” it said. As such, banks could “effectively prevent money laundering and terrorist financing” with crypto assets. Source link

Alibaba Filmmaking Arm to Distribute New Movie Rights via Tokens: Report

Alibaba Group’s movie-making arm Alibaba Pictures reportedly plans to tokenize distribution rights for its new film “Striding into the Wind,” Chinese English-language publication China.org.cn reports on Nov. 22. The company has purportedly signed an agreement with New York-based decentralized entertainment platform Breaker, formerly known as SingularDTV, to distribute the film overseas using its blockchain platform. Li Jie, senior vice president of Alibaba Pictures and CEO of Alibaba’s ticketing app Taopiaopiao, reportedly announced the news during the China Golden Rooster & Hundred Flowers Film Festival on Nov. 20. New film will…

Few Big Exchanges Continue to Report Fake Volumes in 2019: Chainalysis

Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019, a new study by Chainalysis says. According to the New York-based blockchain analytics firm, there are still some crypto exchanges including Bitforex that likely report fake trading volumes to simulate greater market activity and liquidity. Chainalysis posted the study on its blog on Nov. 15. In the study, Chainalysis analyzed the top 10 cryptocurrency exchanges, known as the “Bitwise 10,” which were reportedly considered the only large exchanges that reported their actual volumes. Those exchanges include Binance,…

US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web

United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement. On Nov. 20, The Rand Corporation, the Police Executive Research Forum, and the University of Denver on behalf of the National Institute of Justice released a report that dives into a variety of criminal aspects of the so-called dark web. Dark web provides level of anonymity by using crypto The report was compiled during a workshop where law enforcement practitioners and…