Konstantin Ignatov is probably breathing a sigh of relief today. Konstantin Ignatov, co-founder of major cryptocurrency exit scam, OneCoin, initially faced up to 90 years in jail after pleading guilty in November 2019. Now, however, it seems that Ignotov is no longer one of the key defendants in legal actions brought by victims of the […]
Continue Reading
As Trump clamps down on Chinese social media in the U.S., tech in general becomes subject to nationalism. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The U.S.–China trade war continues its brazen spillover into tech. In response to concerns over where […]
Continue Reading
Monero has experienced its biggest single day gain in hashrate since its creation back in 2014. August 6, Monero (XMR) has experienced its biggest increase in hashrate since the network’s creation in 2014. Monero hashrate. Source: Coin Metrics. The Monero hashrate increased from 1.67 GH/s on August 5 to 2.2 GH/s on August 6. That […]
Continue Reading
California authorities recently came out with a fresh cautionary statement on crypto crime. Xavier Becerra, California’s attorney general, recently told the public to watch out for possible crooked dealings surrounding crypto and digital assets. While broadly referencing other hacks, an Aug. 7 statement from the California Department of Justice said: “Recently, unscrupulous actors have impersonated […]
Continue Reading
Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside. The U.S. Federal Reserve has been contemplating a change in the way it responds to a possible increase in inflation. Previously, the Fed would kickstart tightening if its models forecast a 2% inflation increase. However, this […]
Continue Reading
The price of Bitcoin briefly crashed to $11,219 on Bitstamp after disappointing job data hit markets. The price of Bitcoin (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the U.S. stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600. The price of Bitcoin drops steeply on Bitstamp. Source: TradingView.com […]
Continue Reading
Binance’s U.S. trading platform is currently experiencing unexpected platform malfunctions. Binance.US, the United States branch of major crypto exchange Binance, began suffering unforeseen platform issues on Aug. 7 around 15:26 UTC time, resulting in the company temporarily shutting off exchange features. “Please rest assured that all customer funds are safe, and we will provide a […]
Continue Reading
After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring. The discussion was inspired by this week’s 51% […]
Continue Reading
Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining. Crypto mining in Iran is set to become even bigger with the government giving the green light for power plants to mine cryptocurrencies like Bitcoin (BTC). The news is the latest piece of positive development on […]
Continue Reading
The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain. VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They […]
Continue Reading