The Daily Dose

US treasury secretary Steven Mnuchin is apparently super concerned about the impact Facebook‘s Libra “cryptocurrency” will have on national security, reports Bloomberg. In a White House briefing, Mnuchin mirrored president Trump‘s recently-found tough stance on digital assets by claiming that its potential to facilitate crime is high. “Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking,” Mnuchin told reporters. “Many players have attempted to use cryptocurrencies to fund their maligned behavior. This is indeed a national security issue,” he added. Steve Mnuchin on whether…

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A group of Venezuelans that moved to the US to “start a new life” are suing a $30 million cryptocurrency Ponzi scheme that allegedly backed its coins with real diamonds. On Friday last week, a group of Venezuelans submitted a lawsuit claiming they were fraudulently promised massive returns on investments into the supposed diamond-backed cryptocurrency, Argyle Coin, Law360 reports. The perpetrators, Jose Angel Aman, Harold Seigel, and his son Jonathan Seigel, were reportedly running two diamond companies – Natural Diamonds and Eagle Financial – and an associated cryptocurrency business that offered the diamond-backed digital assets. According to the report, the…

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