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CFTC Hits Wall Trying to Serve Bitcoin Fraud Summons

The Commodity Futures Trading Commission is having trouble serving a court summons to a binary options trader charged in January with stealing more than $1 million in bitcoin. The U.S. commodities regulator claimed in a court filing Tuesday that Dillon Michael Dean is avoiding their attempts to present him with …

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Bitcoin Will Be World’s ‘Single Currency’ Says Twitter CEO

Jack Dorsey, chief executive of Twitter and payment company Square, has spoken of his strong belief in the future potential of bitcoin. In an interview with The Times published Wednesday, Dorsey, himself a noted bitcoin investor, said he believes the cryptocurrency will take over the U.S. dollar’s dominant place in world finance …

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US Hits Crypto Buying Service Payza With Money Laundering Lawsuit

Digital payment processor Payza has been charged by the U.S. government with running an unlicensed money services business. One of the founders of the firm, Ferhan Patel, has been arrested, while his brother, co-founder Firoz Patel, remains at large. On Tuesday, the Department of Justice unveiled the charges and accused …

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