Jeff Garzik, a former developer for Bitcoin Core and the founder of Bloq, was summoned to testify about the alleged theft of more than one million bitcoin. The lawsuit stems from Ira Kleiman, who claims that Craig Wright — a programmer who has identified himself as Satoshi Nakamoto to widespread skepticism — stole the bitcoin from his brother, the late mathematician Dave Kleiman, who has also been purported to be Satoshi. Garzik will be asked to provide information about Silk Road, Mt. Gox, interactions with Roger Ver and other details about the early days of cryptocurrency and bitcoin.
The crypto payment processor Moon has announced that users can now leverage a Lightning Network wallet to pay for Amazon purchases through its browser extension. The extension also enables e-commerce payments with litecoin, ether and bitcoin cash through Coinbase accounts.
The Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty against a peer-to-peer bitcoin trader for violating anti-money laundering (AML) regulations, its first enforcement action against a cryptocurrency exchanger. According to the agency, the exchanger failed to register as a money services business and failed to report "suspicious transactions," among other violations. The exchanger has been assessed a $35,000 fine and is now prohibited from providing money transmission services.
The Enterprise Ethereum Alliance has announced a "Token Taxonomy Initiative" to develop universal definitions for tokens to encourage their interchangeability across blockchain platforms. Members of the initiative include Microsoft, R3, ConsenSys, IBM, EY, Accenture and Intel.