Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could … Read more

OKEx Removes Bytecoin Trading Over “Technical Flaws”

It seems these are very tough times for Bytecoin community. Although the altcoin has always been considered to be somewhat controversial, it now seems multiple exchanges have decided to get rid of this particular altcoin altogether. OKEx is the latest to join this growing list, even though it is far from the biggest market for BCN … Read more

Steem Price Surpasses $0.85 Once Again

There are some interesting things happened in the world of altcoin trading. As of right now, the Bitcoin price is still stuck in sideways momentum, but things might change fairly soon. The Steem price, for example, shows things can get pretty interesting with very little trading volume. There is a nice uptick which pushes the … Read more

The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social Media

Today’s installment of The Daily is about building more than bickering, though we’ll squeeze in a little of the latter before we sign off. First though, let’s start by considering the latest projects being proposed within the crypto space: a tokenized security platform and a social media network that doesn’t leak data. Also read: South Korea’s … Read more

Making Crypto Mining Sustainable

With all the hype surrounding blockchain, it is easy to forget just how new the technology really is. Although they supposedly have applications in virtually everything, blockchains—or computer networks that can both determine and track the value of something without depending on centralized administrators or servers that can be hacked or manipulated—are still mostly being … Read more

Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm

A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of … Read more

Blockchain or Banks: Which has a Better Security for Financial Transactions?

By now, it’s highly likely that most of us understand how Blockchain technology has dramatically changed and how the world operates considerably. The Blockchain system is an openly distributed digital ledger technology behind the cryptocurrency industry. According to Alex Tapscott, the co-author of the Blockchain Revolution, the Blockchain technology is changing the concept of banking … Read more