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It was touted as a blockchain-powered maritime investment project, but it has turned out to be yet another ingenious method of raising funds by the North Korean government. Known as Marine Chain, the startup claimed it would tokenize maritime vessels for their owners, but it has done anything but. According to a report by AI-powered … Read more
Ransomware attacks are still a pressing problem in 2018. Although such stories have seemingly become less apparent in the past few months, the city of West Haven in Connecticut was forced to make a crucial decision. City officials decided to pay $2,000 worth of Bitcoin to get rid of this malware, even though such demands … Read more
In this edition of Regulations Roundup, we focus on the U.S. Securities and Exchange Commission’s (SEC) ongoing discussions with companies that are interested in setting up cryptocurrency funds. We also look at a recent warning by the South Korean financial regulator about virtual currency investments, as well as a call by the CEO of U.S. … Read more
India’s supreme court has brought up the case against the cryptocurrency banking ban by the Reserve Bank of India after one-and-a-half months of delay. The court has reportedly asked the government to submit a report of the findings from the committee it had set up to understand the crypto space and recommend regulatory measures. Also … Read more
It does not happen all that often blockchain projects ditch one infrastructure in favor of another. When that does happen, none of them ever turn back on that decision. Esprezzo is a very intriguing exception in this regard. Its team decided to launch on Ethereum’s network after all, rather than pursuing the VeChainThor option. The … Read more
The House of Nakamoto, an Austrian project helping newbies enter the cryptocurrency world, has recently opened a new store in Amsterdam. Residents and guests of one of the most bitcoin-friendly cities in Europe can now learn about electronic money, get a starter kit with a hardware wallet and load it with digital coins. Also … Read more
RALEIGH, NORTH CAROLINA – The Sia Classic Foundation, a community-oriented non-profit foundation built to advance decentralized storage platforms, has announced their intent to maintain Sia Chain following an imminent hard fork away from the root chain on October 31st. The eponymous cryptocurrency, SiaCoin, intends to fork, said Sia Classic’s leadership in an email, “to discriminate against … Read more
Anyone who is involved in darknet markets has become a target for law enforcement agencies these days. Officials are effectively cracking down on darknet activity, whether it involves buyers or sellers. One of the bigger former Dream market vendors has now been sentenced to 20 years in prison for selling drugs on the darknet. OxyMonster … Read more
The U.S. Securities and Exchange Commission (SEC) has suspended trading in a firm for making several false cryptocurrency-related claims. Among them are the firm’s partnership with an SEC qualified custodian, regulated cryptocurrency transactions, and tokens that are fully registered with the commission. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Trading Suspension The SEC … Read more
One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized … Read more