A U.S. man has been sentenced to 15 months in jail and fined $1.1 million by the CFTC for misappropriating Bitcoin and Litecoin funds. U.S. citizen Joseph Kim of Phoenix, Arizona has been fined $1.1 million and sentenced to 15 months in jail for misappropriating Bitcoin (BTC) and Litecoin (LTC) from several people, the U.S. […]
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Japanese IT giant GMO Internet reveals that profits for its crypto exchange and mining segment have shown a visible rise in Q3. Japanese IT giant GMO Internet has published its third quarter report Monday, Nov. 12, revealing a “historical performance” of its crypto-related sectors despite “the harsh external environment.” GMO claims its crypto businesses, including […]
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The Crimean authorities are considering the creation of a blockchain-cluster within the special economic zones in Crimea. Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territory. The cluster would be located within the special economic zones (SEZ) in Crimea and its largest […]
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Japanese insurance company Sompo has partnered with pan-African crypto-enabled remittance platform BitPesa. Japanese insurance company Sompo has partnered with pan-African digital payment platform BTC Africa, also known as BitPesa, according to a press release published Nov. 11 by Asia-focused English-language publication Nikkei Asian Review. Sompo Holdings Inc. reportedly invested 570 million yen ($5 million) Nov. […]
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In the last of Cointelegraph’s three part series on the history of crypto in China, we look at the apparent anomalies that govern crypto’s use, ownership, and legal status in the country. Next month marks the fifth-anniversary of the People Bank of China (PBoC)’s very first crypto regulatory intervention, with the issuance of its ‘Notice […]
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Austria says it wishes to “highlight” blockchain during its upcoming E.U. presidency after announcing support for blockchain-based cancer research. The government of Austria is supporting a U.K. cancer research company using blockchain to detect the disease as part of its drive to promote the technology, a press release shared with Cointelegraph confirms Nov. 10. Lancor […]
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An EOS “arbitrator” used the project’s constitution to manually undo transactions from a phished account, evidence suggests. Blockchain protocol EOS found itself at the center of fresh controversy Nov. 9 after evidence emerged on social media appearing to show a moderator reversing transactions which had already been confirmed. According to Reddit user u/auti9003, a dispute […]
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The “Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance” has been established to promote and develop blockchain technology in China. The “Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance” has been established to promote synergy and innovation and jointly promote the development of the blockchain technology, China News, the official state-run press agency, […]
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Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has said that with blockchain, society will move “from a scarcity to an abundance mindset.” Ethereum (ETH) co-founder and ConsenSys CEO Joe Lubin has said that with blockchain, society will move “from a scarcity to an abundance mindset,” in a New York Times (NYT) interview published Nov. […]
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Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau for its ETH-based stablecoin. Switzerland-based fintech firm X8 AG has received a certification from the Shariyah Review Bureau (SRB) for its Ethereum-based stablecoin, Reuters U.K. reports Nov. 12. SRB is a leading Sharia consultancy and audit firm licensed by the central […]
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