Technology

Reginald Fowler, an alleged operator behind payment processor Crypto Capital, was charged with wire fraud Friday, on top of existing charges of bank fraud, operation of an unlicensed money transmission business and conspiracy. According to an indictment filed Friday, Fowler allegedly created a scheme to obtain money “by means of false and fraudulent pretenses” and
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Bitcoin’s lightning network is growing “increasingly centralized,” making it more susceptible to attacks, asserts a new paper by security researchers. Seen as a potential solution bitcoin’s scaling headaches, lightning is a payment network allowing for speedier and cheaper transactions. Partly to make lightning more robust, developers and researchers have been trying to spot holes in
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The European Union is still trying to figure out what to do about Libra, according to a memo released Tuesday by European Commission Executive Vice-President Valdis Dombrovskis. The indecisiveness stems from a lack of actionable information. Specifically, Libra “lacks detail,” according to Dombrovskis.  Despite repeatedly asking the Facebook-launched Libra Association for information about its payments
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U.K-based crypto exchange Coinfloor, which made news last year by delisting ethereum to focus solely on bitcoin, is launching a simplified buying service. Going live next month, Coinfloor, the longest-running crypto exchange in the U.K., is providing an “Auto Buy” service aimed at bitcoin newbies and hodlers alike, as opposed to sophisticated trading types. It’s
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Announcing CoinDesk’s new opinion section, a place for discussions on the future of money and all the interesting questions that surround crypto and blockchain as ideas.  Starting today, CoinDesk will be publishing daily columnists such as Preston Byrne, Jill Carlson, Nic Carter, HASU, Stephanie Hurder, Jeff Dorman, JP Koning, Yorke Rhodes, Byrne Hobart, William Mougayar,
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Lindsey Barrett, a staff attorney at Georgetown Law, does not hold back when she sees bad actors in the tech space. She recently vehemently opposed the Sprint-T-Mobile merger in Slate, warning that “further consolidating an already anti-competitive sector” would make “it easier for those companies to gouge their customers.” Social media companies are making our
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