South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors

By | May 26, 2018

South African Police Investigate Alleged Crypto Ponzi-Scheme Involving 28,000 Investors South African Police are pursuing an alleged major cryptocurrency investment fraud, according to a police statement released yesterday, May 25. According to the statement, over 28,000 investors are said to have suffered losses exceeding 1 bln rand ($80.4 mln). The Hawks, an investigative unit of South Africa’s Directorate… Read More »

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Russian Central Bank’s Deputy Governor: Blockchain Tech Still Needs to ‘Mature’

By | May 26, 2018

Russian Central Bank’s Deputy Governor: Blockchain Tech Still Needs to ‘Mature’ First Deputy Governor of the Russian Central Bank Olga Skorobogatova has said that blockchain technology is not yet “mature” enough for industrial-scale use, local media outlet Prime reports today, May 26. During a discussion at the St. Petersburg International Economic Forum, Skorobogatova suggested that the emerging technology… Read More »

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Emin Gün Sirer On Why Team Rocket’s New Consensus Algorithms Are Legitimate Breakthroughs

By | May 26, 2018

Emin Gün Sirer On Why Team Rocket’s New Consensus Algorithms Are Legitimate Breakthroughs Sometimes computer science breakthroughs emerge in laboratories. Sometimes they get emailed to the InterPlanetary File System team by anonymous computer geniuses. The resurgence of distributed systems computing surely owes a thing or two to the pseudonymous Satoshi Nakamoto. Whoever Satoshi actually is has become, perhaps… Read More »

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UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance

By | May 26, 2018

UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance UK authorities have opened 24 investigations into cryptocurrency businesses over financial regulatory compliance, local media outlet CityWire reported May 25. Responding to a freedom of information request, regulator the UK’s Financial Conduct Authority (FCA) also confirmed it had opened seven whistleblower reports since the start of the… Read More »

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CryptoKitties Charity Auction Raises $15K for Children’s Hospital

By | May 26, 2018

CryptoKitties Charity Auction Raises $15K for Children’s Hospital CryptoKitties just helped raise $15,000 for a children’s hospital. Bella’s Kitty Den, a marketplace for CryptoKitties, launched a charitable initiative – Kitties for a Cause – in April 2018 to raise funds for the Seattle Children’s Hospital, according to a medium post. The effort raised 21.6 ether tokens, or more… Read More »

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Shenzhen Gov’t Partners With Tencent to Fight Tax Fraud With Blockchain

By | May 26, 2018

Shenzhen Gov’t Partners With Tencent to Fight Tax Fraud With Blockchain The Shenzhen Municipal Office of the State Administration of Taxation has partnered with technology firm Tencent, according to an official announcementMay 25. The partnership aims to establish an “Intelligent Tax” Innovation Laboratory focused on tax management modernization and fighting tax fraud with blockchain technology. On May 24th, the Chinese regulator and… Read More »

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Bank of England Governor: Open to the Idea of a Central Bank Digital Currency

By | May 25, 2018

Bank of England Governor: Open to the Idea of a Central Bank Digital Currency The Governor of the Bank of England Mark Carney said at the Riksbank Anniversary conference that he was open-minded about the prospect of a central bank digital currency (CBDC), Bloomberg reports May 25. Riksbank is the central bank of Sweden. While he reportedly is… Read More »

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Author Niall Ferguson: I Wish I Had a Bitcoin for Every ‘Phony’ ICO White Paper Received

By | May 25, 2018

Author Niall Ferguson: I Wish I Had a Bitcoin for Every ‘Phony’ ICO White Paper Received Niall Ferguson, author of ‘The Ascent of Money: A Financial History of the World’, has spoken out against initial coin offerings (ICO) because of the associated potential for fraud and scams.  Rooting out Bad Actors in ICO Market Ferguson’s comments were said… Read More »

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World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot

By | May 25, 2018

World’s Largest Diamond Jewelry Retailer Joins De Beers Blockchain Pilot De Beers Group has announced that the world’s largest diamond jewelry retailer has joined their diamond supply blockchain platform Tracr, according to a press release published May 24.  Signet Jewelers joined the project, which aims to bring transparency to the industry, in addition to boosting consumer confidence. Signet… Read More »

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Alabama Securities Watchdog Hits 3 ICOs with Cease-and-Desists

By | May 25, 2018

Alabama Securities Watchdog Hits 3 ICOs with Cease-and-Desists The Alabama Securities Commission (ASC), the U.S. state’s securities regulator, has joined its counterparts in Texas and New Jersey in taking action on initial coin offerings (ICOs) that are soliciting local residents. According to a cease-and-desist order entered on May 2 and revealed yesterday, the agency has ordered purported cryptocurrency mining firm… Read More »

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