New York District Judge Rules That CFTC Can Permanently Ban Crypto Firm

The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud,” Bloomberg reported August 24. Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with …

Russia’s Interior Ministry Proposes Criminalizing Unregistered Crypto Activity, Says Report

Russia’s Ministry of Internal Affairs is reportedly considering establishing criminal liability for unregistered crypto operations, local media outlet Izvestia reported August 23. According to documents acquired by Izvestia, the interior ministry of Russia is developing an amendment of legislation that concerns legalizing only registered operations with open source cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), …

Mt. Gox Crypto Exchange Opens Claims for Creditors to Request Lost Funds

Creditors of hacked Japanese cryptocurrency exchange Mt. Gox began filing civil rehabilitation claims Thursday, August 23 in a fresh attempt to retrieve their lost bitcoins. An online claims submission process released by trustee Nobuaki Kobayashi details the various prerequisites for the exchange’s creditors, who now have until October 22 to submit a filing. The news …

Pornhub Partners With PumaPay to Accept Crypto as Payments

Canadian adult entertainment streaming website Pornhub has announced a partnership with cryptocurrency payment and billing startup PumaPay to enable its users payments in cryptocurrencies, according to a tweet August 23. Pornhub is now accepting PumaPay, with its “unique” pull payment protocol that will allow users automatically pay for their subscriptions, including PornHub Premium. PornHub promoted …

World Bank and Australia’s Largest Bank Issue Bond Exclusively Through Blockchain

The World Bank and the Commonwealth Bank of Australia (CBA), the country’s largest bank, have issued a public bond exclusively through blockchain technology, Reuters reports August 23. The World’s Bank official mandate for the project was first unveiled August 10. The A$100 million ($73.16 million) deal entails two-year bonds that will settle August 28 and …

China Prohibits Crypto-Related Promotion in Beijing’s Chaoyang District

China is prohibiting all commercial venues from hosting any cryptocurrency-related events in Beijing’s Chaoyang district, local news outlet The Paper reported August 22. Official notice issued by local financial and social risk prevention and control authorities. Source: The Paper Many reportedly believe the ban, first covered by a local news app known as Jwview, could …

Japan’s Financial Regulator Wants Crypto Industry to ‘Grow Under Appropriate Regulation’

The commissioner of Japan’s financial regulator the Financial Services Agency (FSA) said that the agency wants the cryptocurrency industry to “grow under appropriate regulation,” in an interview with Reuters August 22. Toshihide Endo, commissioner of Japan’s FSA, told Reuters he sees the agency’s goal for developing the crypto industry as finding a “balance” between consumer …

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 22

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. On August 21, at 01:00 AM UTC time, …