CEO of Korean Exchange Coinnest among Four Arrested for Fraud

South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more

What Is Banyan Network Cryptocurrency?

As things currently stand, the data market is hindered by increasingly stringent regulations as well as a lack of trust from everyday internet users. However, with the introduction of blockchain technology, credibility, traceability and decentralization are helping to remake the traditional data value chain in a big way. Banyan Network is an all-new data value network … Read more

Iranian Officials Issue Contradictory Statements Regarding Telegram Ban

Telegram’s initial coin offering has been the catalyst of confusion among Iran’s leadership, with conflicting statements regarding a potential ban on Telegram being made by officials. A few days ago, Iranian parliamentarian, Alaeddin Boroujerdi told media that Iran’s “highest level” officials wish to ban Telegram by April 20 due to the app’s monopoly position within … Read more