Another cryptocurrency project has been busted by law enforcement in China for allegedly soliciting money from investors with fraudulent claims. Author: Wolfie Zhao

Fed governor Lael Brainard has said that cryptocurrencies do not pose a threat, and there is “no compelling need” for a Fed-issued digital currency. Author: Sujha Sundararajan

Civic has launched a decentralized identity verification system, and crypto social network platform Hilo is the first to use it. Author: Annaliese Milano

Big financial market infrastructure players detailed their progress on blockchain conversions, with real timelines for going live, at Consensus 2018. Author: Ian Allison

Is bitcoin destined to become the default currency of the Internet? Square’s Jack Dorsey hopes so. Author: Morgen Peck