Six Fake Crypto Exchange Sites Busted by Ukraine’s Cyberpolice

The cybercrime combating unit of the Ukrainian police has uncovered a network of fraudulent crypto trading websites. Four people are suspected of offering the fake online exchange services. They have maintained at least six platforms luring cryptocurrency traders with deceptive messages. Also read: Survey: 13% of Net-Savvy Ukrainians Own Cryptocurrencies Police on the Lookout for More … Read more

Bitcoin and Ether Are Not Securities: SEC Director Sets the Record Straight

Bitcoin and Ether are not securities, the SEC’s director of corporate finance, William Hinman, stated on June 14. This is because these cryptos lack a central third party whose efforts are key in determining their success. Hinman went on to state that over time, there may be other sufficiently decentralized networks and systems which will … Read more

Microsoft Partners with Adents on Blockchain Fraud Detection System

Microsoft has partnered with Adents, a serialization and traceability solutions provider, to launch a blockchain-based track and trace solution targeting the supply chain industry. Known as Adents NovaTrack, the new platform will offer unit-level tracking, giving users the ability to track a single product throughout the entire supply chain. In a June 14 press release, … Read more

Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

The “request has been rejected,” came response from the CIA, “with the agency stating that it can neither confirm nor deny the existence of the requested documents.” A tech writer petitioned ‘the agency’ to see what it had on the subject of Satoshi Nakamoto, the name credited with founding Bitcoin, the world’s first decentralized cryptocurrency. … Read more

Grayscale Investments Announces ZenCash Investment Trust

Cryptocurrencies have been playing an increasingly important role in the financial sector. Grayscale Investments is leading the charge in this regard. The crypto investment fund has launched several ventures over the years, and is now adding ZenCash to its portfolio. ZenCash is a Rather Interesting Addition While it is commendable to see entities such as Grayscale … Read more

Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still Fuming

Embattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchange’s bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole.   Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite … Read more

Bittrex Says Its USD Trading Functionality Will Roll out in Stages

Bittrex has made it clear that the company will be entering the fiat currency trading industry fairly soon. In the first phase, the company will add USD trading, although it will seemingly be limited in terms of its availability. Given the US’s fractured cryptocurrency regulation, such an approach makes a lot of sense. Bittrex’s Plan of … Read more

Bitcoin Price Watch: Currency Remains at $6,500

At press time, bitcoin has undergone no change since falling to $6,500 yesterday. It’s been a week of ups and downs for sure, and despite the low price, it’s a little refreshing to see bitcoin stay put for the time being. One source mentions bitcoin is at its lowest point since last February, and that … Read more