The United States Department of Justice on Thursday announced charges against Hugh Brian Haney, a resident Columbus Ohio who allegedly made $19 million from the sale of narcotics on dark web market place, Silk Road.
A group of three masked men failed to succeed after attempting to rob a Birmingham-based Bitcoin ATM according to a Daily Mail report, today July 18.
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The Russian Parliament, State Duma, will likely postpone until autumn session the adoption of its proposed bill “On Digital Financial Assets” (DFA) according to a report by local news agency, TASS.
Europol said in a Wednesday press release that it has finally arrested six people (five men and one woman) alleged to be behind a €24 million (appr. $27 million) cryptocurrency theft.
The European Union Agency for Law Enforcement Cooperation, popularly known as Europol revealed at the closure of its Sixth Cryptocurrency Meeting today that it is working on a new video game.
Leading cryptocurrency exchange, Binance, announced today, the upcoming launch of its new subsidiary, Binance US.
The cheap electricity prices in Iran attracts many crypto mining firms to the country despite the negative stance of the government towards such enterprises.
The growing public interest in the use of cryptocurrencies creates a need for public accountants to handle calculations regarding clients' digital assets.
The United States Securities and Exchanges Commission (SEC) has officially sued Canada-based messaging platform, Kik for its ICO in 2017 through which the company raised near $100 from token sales.
Authorities in India are reportedly in a hunt for Divyesh Darji, the alleged founder of the Regal Coin cryptocurrency that defrauded investors during the ICO boom in 2017.
In case you missed it, the decentralized exchange subsidiary of leading cryptocurrency exchange Binance announced at the weekend that the platform would geo-block access to users from the United States as well as 28 other countries.
The Australian Securities and Investments Commission (ASIC) today announced the release of updated guidance for businesses involved in Initial Coin Offerings (ICOs) and cryptocurrencies.
The Central Bank of the Bahamas will on May 30 sign an agreement with transactions provider, NZIA Limited, to launch the country’s first bank-backed digital currency by next year.
Russia is already on the path to regulating the crypto industry following orders by the country’s President, and could finally fit in the last piece of the puzzle in a spring session according to Olga Skorobogatova, the first deputy chairman of the Bank of Russia.
The Australian Federal Police (AFP) confirmed in a May 21 press release that an unnamed 33-year-old man who formerly worked as an IT contractor for the government is set to appear before the Sydney Local Court today.
Cryptocurrency mining firms in Quebec, Canada will have to rules to abide by after country’s energy regulator, Régie de l’énergie rolled out new regulations for operators in the energy-intensive industry.
According to a Wednesday press release by the Manhattan District Attorney’s Office, Callaway Crain, and Mark Sanchez, both New York residents pleaded guilty to selling controlled substances and laundering the proceeds through Bitcoin and Western Union payments.
One month after the Supreme Court of India reportedly instructed the government to release regulations for the cryptocurrency industry, nothing has happened, and the industry has suffered yet another discrimination.
A delegation of 21 U.S lawmakers led by Rep. Tom Emmer has asked the country’s Internal Revenue Service (IRS) to provide further guidance about how cryptocurrency holders should report their taxes.
The Republic of Lithuania will continue its recent effort to control the activities of crypto-related businesses by rolling out new regulations in the coming months.
If there is one word that should often go hand in hand with the crypto industry, then it should be “innovation” as the years have shown.
While the majority of effort in the crypto space focuses on how to get the new market to compete against the traditional financial markets, blockchain startup, UMA has focused on uniting the old and new.
Jared Rice, the founder of the AriseBank Coin, has pleaded guilty to one count of securities fraud before a Federal Court in Dallas, implying that he lied to investors to collect around $4.2 million worth of cash and cryptocurrencies in a fake ICO.
The level of security offered by new crypto exchanges has once again been called into question after South-Korean based Coinbin said in an announcement that it was going offline because of “increased debt” and “government regulation.”
Like Belgium and the rest of the world, Japan has had its fair share of fraudulent cryptocurrency investment schemes in recent times but will move to stop the rise of such projects by amending its laws.
BlockEstate is a US-based private real estate fund issuing private equity in the form of security tokens through our partner Polymath Network based in Toronto Canada. $50 million is being raised on CoinList’s TSM platform for BlockEstate’s Alpha fund to acquire real estate assets with the goal of achieving a net IRR of 12-20%. BlockEstate’s first Alpha fund is designed for international investors (Non-US persons under Reg S) looking to penetrate the US real estate market while mitigating traditional tax burdens. BlockEstate is currently planning a second fund designed for the benefit of US accredited investors.
The recent clampdown on ICOs is not expected to end soon after the U.S SEC Chairman; Jay Clayton told CNBC reporters that the regulators’ definition of Initial Coin Offerings ICOs) remain the same and projects who fail to meet up to their requirements will still be considered “non-compliant.”
The Gibraltar Blockchain Exchange (GBX) a subsidiary of the Gibraltar Stock Exchange (GSX), has been licensed by the Gibraltar Financial Services Commission (GFSC) as a “DLT services provider.
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A proposed Bitcoin Futures contract by a crypto startup, Bakkt, has been postponed once again according to a notice by the Intercontinental Exchange (ICE), where the offering is expected to be rolled out. Sadly, this is the third postponement since the futures contract was first announced.
Security token offering startup, Blockchain App Factory, has reportedly landed a contract to tokenize real estate assets worth roughly $225 million. The startup revealed that the project belongs to three different real estate companies who are looking to raise funds for their project through the security token offering (STO) model.
Maksim Zaslavskiy, the mastermind behind the first case of fraudulent ICO in the U.S has told a court in the Eastern District of New York (Brooklyn), that he is guilty of the offense.
To wrap up this week’s round of news reports, here is a quick review of the biggest headlines around cryptocurrencies, security tokens, and blockchain technology.
Anyone thinking that industrial blockchain technology adoption is still going to take a long time must be mistaken according to comments made by Herman Gref, CEO of Russian Bank, Sberbank.
Iran will rely on a new partnership signed with Russian blockchain experts in other to build a strong blockchain and crypto industry.
A crypto exchange called Q Exchange has been marked unsafe by the Thai SEC in a press release dated Tuesday, Nov 13.
An ongoing lawsuit between Ripple Labs and investors who labeled XRP as a ‘security’ token, has been moved to a Federal Court according to reports by a financial news agency, Unbnked.
The Central Bank of Iran (CBI) has increased their efforts to release a state-backed digital currency in the wake of a ban from Global financial messaging service, SWIFT.
The International Monetary Fund (IMF) will continue to keep a close eye on the development of blockchain technology according to Deputy General Counsel, Ross Leckow.
Just like many nations around the world, the central government of Nigeria and the country’s premier bank have not enforced any regulation for the new industry.
Having become one of the first VFA Class 4 licensed crypto exchanges in ‘blockchain island’ Malta, Bitstraq is now eyeing the introduction of a security token trading platform for its clients.
Fake news has been going round in the past 24 hours after a crypto news publication site reported that the Chinese government reversed a crypto ban imposed in 2017. The fake news report has the title - China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally.
The Thailand Securities Exchanges Commission is stepping up plans to unveil at least one “ICO Portal” before the end of this month, and according to a Bangkok Post report, the agency wants to list some ICOs on the portal by December.
Any plans to launch a stablecoin backed 1:1 by the native Russian currency, Ruble, is still only a ‘fantasy’ according to the state Chairman who raised the dust while speaking at a press conference last week. In a more recent update, he shared his thoughts on what could happen if the country decides to create a stablecoin.
The U.S Securities and Exchanges Commission has charged and heavily fined, Zachary Coburn, for setting up a digital trading platform that allows traders to buy and sell tokens that have been marked as 'securities’ by the regulators.
Israel will not be joining the list of countries to issue a Central Bank backed Digital Currency (CBDC), at least not for the meantime. A report released earlier this week by the Bank of Israel warned that a move in that direction should not be made after carefully studying the matter for nearly a year.
Dubai UAE, one of the world’s most developed cities has just welcomed its first cryptocurrency exchange, ten years after the first cryptocurrency bitcoin came around.
The U.S Securities and Exchange Commission (SEC) has never taken it easy with fraudsters who rip unsuspecting investors of their crypto assets and is not planning to slow down their effort anytime soon.
At a time when the crypto markets have begun to flourish again, a big win has been recorded by the new asset class in the off-market.
BBVA Spain, the second-largest bank in the country has successfully tried blockchain technology for a syndicated loan worth $150m according to a Financial Times report. It is the first time that a syndicated loan which usually involves a group of lenders and a borrower is conducted over a blockchain.
The U.S Securities and Exchanges Commission (SEC) has plans in place to solve a common problem faced by crypto startups looking to organise an ICO.
With a global regulatory framework for cryptocurrencies not likely to happen soon, different world jurisdictions have in recent months started to create rules for the emerging industry.
Swiss-based banks who are interested in trading cryptocurrencies have been provided with new guidelines by the Swiss Financial Market Supervisory Authority (FINMA).
The People’s Bank Of China has become aware of the increase in the number of airdrops and will make a move to reduce this trend according to its Financial Stability Report released on Friday. This will be part of recent efforts made by China’s premier bank to crack down on the sale of ICO tokens.
Blockchain has continued to gain new converts every day and the latest of them is in India where oil and gas megabucks company - Reliance Industries, has made a landmark move towards the technology.
The arrest of 11 suspects has now been confirmed by the Cybercrime Department of the Turkish National Police. According to the Turkish Corps who carried out the operations claims that the victims hacked several crypto accounts and made away with Bitcoin with $80,000. The news confirms what earlier reported was on Friday, Nov. 2. By Hürriyet, a major Turkish newspaper.
South Korea based cryptocurrency exchange, Bithumb has signed a new deal with an American Fintech firm, SeriesOne. According to a local news source, the purpose of the new union is to establish an exchange that is dedicated to trading security tokens.
Can anyone stay away from crypto right now? Maybe, but not the researchers at Morgan Stanley who just released an update to a paper titled "Bitcoin Decrypted: A Brief Teach-In and Implications," which they published earlier this year.
Malta's quest to dominate the field of artificial intelligence has been given a huge lift after the government announced that it has set up a new task force for this purpose.
Anyone hoping to see a Bitcoin ETF soon will have to wait until the cryptocurrency industry becomes more 'legitimate’ according to Larry Fink, CEO of investment management firm BlackRock.
The Hong Kong Stock Exchange (HKEX) have joined a list of traditional security exchanges globally who are working toward integrating blockchain technology.
The South American nation has joined the rank of countries to have provided a sort of regulation for the cryptocurrency industry.
The government of India will likely continue its negative stance on cryptocurrencies according to a press release on Tuesday.
The unceasing growth in crypto trading has given rise to many illegal activities like money laundering and high profile hacking of top crypto exchanges around the world. The Chairman of Financial Services Commission South Korea has, yesterday, clarified in a statement that with the support of banking sector the crypto exchanges will never face such issues. Here, it is pertinent to mention that South Korean banks used to open virtual currency accounts that were banned by the financial regulators back in January by introducing strict anti-money laundering rules for crypto exchanges and banks.
Modum and Swiss Post have been in collaboration since summer 2017 and are currently running initial pilot projects, successfully serving key customers. They are working towards a deep integration of Modum’s temperature-logging devices within Swiss Post’s track-and-trace system. This integration will enable a workflow with minimal changes to Swiss Post’s established logistics processes. The solution will provide players in the pharma sector with a reliable and scalable process for monitoring the state of goods and demonstrating legal compliance to auditors. The fully wireless and digital, blockchain-based data-management solution also provides new levels of data insight and data handling.