Business News

AT&T Sued for $224 Million After Phone Hackers Rob Crypto Investor

5 days ago admin2 0
Michael Terpin is suing AT&T, claiming the company’s failure to protect his cellphone data led to hackers stealing $24 million in cryptocurrencies. In a lawsuit filed by Los Angeles litigation firm Greenberg Glusker on August 15, Terpin claimed that AT&T’s employees have been complicit in a SIM swap fraud. In this type of scam, criminals pose Read More

There’s a Huge Opportunity for Everyone in Crypto, It’s Called KYC/AML

5 days ago admin2 0
  It’s easy to question the need for strict know-your-customer (KYC) and anti-money-laundering (AML) controls, as Edan Yago did in a recent CoinDesk op-ed. Who likes the rising complexity and costs of compliance? Who gets excited about relinquishing control of personal data to set up a wallet, let alone access basic financial services? The resulting Read More

Y Combinator’s New China Chief Is Bullish on Blockchain

5 days ago admin2 0
Y Combinator (YC) has just announced a new China division and its chief believes blockchain will bring long-term advantages to startups, according to a report The Silicon Valley-based seed investment firm, which has incubated notable startups including Reddit, Dropbox and crypto exchange Coinbase, officially announced its entry into the Chinese market in a blog post Read More

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

5 days ago admin2 0
Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups are objecting to a proposal aired by South Korea’s Ministry of SMEs and Startups on Monday for an amendment to the country’s existing venture business law that would, if enacted, exclude cryptocurrency exchanges from the category Read More

Judge Denies Effort to Move XRP Investor Lawsuit to Lower Court

6 days ago admin2 0
A U.S. district judge has denied an investor’s effort to move a lawsuit against payments firm Ripple to a lower court. Judge Phyllis Hamilton of the Northern District of California denied Ryan Coffey’s motion to remand his suit against Ripple Labs and affiliated entities back to the Superior Court of San Francisco after Ripple escalated the suit Read More

Marvel Weighs Legal Move Against Crypto Startup’s ‘Wacoinda’ Plans

7 days ago admin2 0
Marvel is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation of Wakanda from the Black Panther film. The comic book giant’s subsidiary, Marvel Characters, filed for extensions with the U.S. Patent and Trademark Office to receive more time before deciding whether it will oppose the Read More

EU Lawmaker Wants to Include ICOs in New Crowdfunding Rules

7 days ago admin2 0
A draft proposal by the European Parliament’s Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs), according to a document published Friday. Ashley Fox, a Member of the European Parliament (MEP) representing the United Kingdom, wrote a draft report on proposed regulations for Europe’s crowdfunding platform operators and companies. Read More

Microsoft Looks to Trusted Computing for Boosting Blockchain Security

1 week ago admin2 0
Two newly-published patent applications from Microsoft suggest that the software giant is looking at the use of trusted execution environments, or TEEs, within its blockchain offerings. But what exactly is a TEE? According to information gathered from two filings published by the U.S. Patent and Trademark Office Thursday, a TEE is specified to store “a Read More

Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam

1 week ago admin2 0
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand that drew public attention due to the alleged involvement of a Thai film actor. According to a media report from Bangkok Post on Monday, a group of Thai people approached and solicited Finnish businessman Aarni Otava Saarimaa in Read More

Early Crypto Adopter Dish Network Now Accepts Bitcoin Cash

1 week ago admin2 0
Dish Network, one of the first major firms to accept bitcoin as method of payment, has announced it now also accepts bitcoin cash. The support for a second cryptocurrency comes a full four years after the U.S.-based subscription TV provider first decided to accept bitcoin in 2014. At the time it was the world’s largest Read More