News Topic: Cryptocurrencies

Rep. Emanuel Cleaver, D-Mo., sent a letter to two virtual currency trade associations on Thursday asking them what their members are doing to prevent hate groups from using cryptocurrencies to finance themselves. ... Read full article

The SEC and CFTC ask Congress to expand federal oversight of cryptocurrency trading; the recent wild swings in financial markets may boost first quarter trading revenue. ... Read full article

The heads of the Securities and Exchange and Commodity Futures Trading commissions said they are not ignoring the fast-growing cryptocurrency sector and they have some oversight powers. But they indicated that they might need more. ... Read full article

VersaBank, a Canadian lender led by a tech-savvy CEO with a penchant for planes and classic motorcycles, is building a virtual safety deposit box for cryptocurrencies and other digital assets. ... Read full article

Despite panicked cries to the contrary on social media and cable news, federal authorities are keeping a careful eye on evolving digital currency markets, as regulators are likely to tell Congress on Tuesday. ... Read full article

The nation’s two largest banks don't want the credit risk associated with the transactions. ... Read full article

Regulatory scrutiny of Tether and Bitfinex is spooking investors, though others argue the industry remains strong. ... Read full article

JPM, Amazon, Berkshire Hathaway are creating their own company; Sarah Dahlgren was formerly head of supervision at the New York Fed. ... Read full article

AriseBank said it was the first crypto platform to buy a traditional bank. But there’s no evidence it did anything of the kind — and its founder now says it has been raided by the FBI. ... Read full article

Elizabeth Warren takes acting CFPB director Mick Mulvaney to task over his decision on data collecting; B of A gets heat from harrassment reveal and free checking halt; and more. ... Read full article

The Japanese cryptocurrency exchange Coincheck says roughly $400 million of the digital currency NEM was stolen. If banks and others are to invest in the digital-asset industry, it will have to do better. ... Read full article

Plans by IDT and MercuryFX to test XRP for cross-border payments are another vote of confidence for Ripple’s products. ... Read full article

The Seante looks to forge its own path on GSE reform, breaking to the right of a plan from the FHFA; a new candidate to lead the CFPB emerges as its current director tells the Fed, "Thanks, we're good on funding." ... Read full article

Mark Calabria, chief economist to Vice President Mike Pence, said passage of the regulatory relief bill could be delayed as policymakers deal with other items such as budget deadlines and an infrastructure bill. ... Read full article

Cryptocurrencies continue to pique the interest of our readers, with a warning on bitcoin taking the top spot and a story about Ripple's partnership with MoneyGram doing well. Housing finance reform, Wells Fargo and the CFPB also featured. ... Read full article

Treasury Secretary Steven Mnuchin on Friday warned traders and firms offering services related to cryptocurrencies like bitcoin that anti-money-laundering and know-your-customer rules apply to them — and regulators are watching closely. ... Read full article

The San Francisco startup behind the cryptocurrency XRP claims it can send money around the world faster, cheaper and with greater transparency. ... Read full article

Ripple, the startup looking to help the financial industry speed up payments with blockchain technology, said MoneyGram International Inc. is testing the use of its XRP digital currency to move funds. ... Read full article