The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) fined Silicon Valley star Ripple Labs $700,000 Tuesday for selling its virtual currency without registering with FinCEN and for not having an anti-money laundering program. Ripple’s virtual currency is called XRP. FinCEN said Ripple “willfully violated several requirements of the Bank Secrecy Act (BSA).” “Virtual currency exchangers […]

Despite the numerous controversies about digital currencies, the industry is moving forward. By the time the digital currency space matures, the competition could be huge. The winners could be currencies that are able to fix the weaknesses of bitcoin. Here are three digital currencies with strategies that fix bitcoin’s weaknesses. Freicoin Freicoin is set up […]