A new indictment came down in the case involving three Canadians behind the alleged PlexCoin ICO scam which raised $8M in 2017. Three Canadian citizens involved with an alleged initial coin offering scam from crypto project PlexCorps have been charged with fraud over conning investors out of $8 million. According to a July 24 statement […]
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What are the main reasons why mainstream cryptocurrency adoption has not yet begun? And why does it remain so complicated? As the human race evolves, our means of exchanging value also continuously develops. From the barter system that dates back to 6,000 B.C. to the present-day use of fiat currency, the human race has been […]
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New York’s State attorney general has wide latitude to investigate a foreign entity like iFinex, said a NY appeals court. A New York State appeals court affirmed on July 9 that the state attorney general’s fraud investigation into iFinex et al. — i.e., iFinex, Bitfinex and Tether Holdings — could continue. Whether that probe will […]
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Twitch ramps up its crypto strategy with a digital currency promotion. Will more merchants follow suit? Amazon-owned streaming platform Twitch appears to be ramping up its crypto strategy. The site, which focuses primarily on video game livestreaming, is now offering users a 10% subscription discount when paying with cryptocurrency through the platform’s payment processor, BitPay. […]
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The IOHK and BeefChain partnership will trace beef from ranch to consumer, fighting beef fraud and improving food security. The team behind Cardano (ADA) blockchain, IOHK, have partnered with Wyoming-based BeefChain to utilize blockchain technology to improve food traceability and security. IOHK, which relocated to Wyoming in 2019, announced the partnership at the Cardano 2020 […]
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The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto. Reggie Middleton, the chief executive of crypto company Veritaseum, is suing telecommunications provider T-Mobile for allegedly enabling the theft of […]
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Cryptocurrency businesses are facing increasing challenges as new regulations are introduced globally, which is changing the face of the industry and forcing companies to search for effective solutions. Anti-Money Laundering and Combatting the Financing of Terrorism regulations demand that financial companies follow strict guidelines in order to curb and track illicit activity. Staying in compliance […]
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America still lags behind countries like China, the United Arab Emirates and Switzerland when it comes to blockchain adoption. As blockchain adoption continues to garner mainstream traction across the private sector, an increasing number of government agencies are too looking to explore the potential of the technology. For example, the United States Food and Drug […]
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Man sentenced to two years and six months in prison after multi-million dollar crypto fraud. A South Korean court has sentenced an unnamed 43-year-old man to two years and six months in prison for his participation in a $249 million crypto mining pyramid scheme. According to Yonhap Lee Sang-wook, the judge at the Incheon District […]
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Top celebrities, politicians and businesses are caught up in a “social engineering attack” on Twitter — with theories swirling around that it could have been an “inside job.” Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, […]
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