Government

US Regulator Fines and Halts Activities of Fraudulent Tomahawkcoin Issuer

4 days ago admin2 0
The U.S. Securities and Exchange Commission (SEC) announced in an order Wednesday, August 14, that it has barred and fined the creator of Tomahawkcoin over a fraudulent Initial Coin Offering (ICO). Tomahawkcoin, which David T. Laurance ran as a token through his corresponding company Tomahawk Exploration LLC, failed to raise funds via an ICO in Read More

Chinese State-Owned Aerospace Firm Turns to Blockchain to Manage Billions of Invoices

4 days ago admin2 0
The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain technology to innovate its unwieldy electronic invoice system, according to an announcement republished on a government site August 13. The article, from official state newspaper People’s Daily, was posted yesterday by the State Administration of Science, Technology and Industry for National Defence Read More

US Federal Court Denies Motion to Remand Against Ripple

5 days ago admin2 0
The U.S. District Court, Northern District of California has ruled to deny a motion to remand against Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, according to an official document issued Aug. 10. The original lawsuit was first initiated by XRP investor Ryan Coffey in a San Francisco court on May 3, 2018, Read More

Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain

5 days ago admin2 0
The Hong Kong University of Science and Technology Business School has received a $20 million research grant to improve the security capabilities of electronic payment systems, China News reported Aug. 12. The Hong Kong University of Science and Technology (HKUST) Business School has reportedly partnered with the University of Hong Kong (HKU), the Chinese University Read More

Thai SEC: Interest Increases in ICO and Digital Asset Operations Licenses

1 week ago admin2 0
The Thai Securities and Exchange Commission (SEC) says they have seen increased interest in licenses to operate initial coin offerings (ICOs) following the Finance Ministry’s announcement to introduce ICO regulations, the Bangkok Post reported August 8. The SEC secretary-general Rapee Sucharitakul told the Bangkok Post said that almost 50 ICO projects have expressed interest in Read More

New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik

3 weeks ago admin2 Comments Off on New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik
A Greek court has accepted a Russian request to extradite Bitcoin (BTC) fraud suspect Alexander Vinnik, complicating subsequent international litigation, the Associated Press reported July 30. A panel of senior judges in the city of Thessaloniki ruled in favor of a new extradition request from Russia for the accused computer expert. At a hearing on Read More

Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion

3 weeks ago admin2 Comments Off on Canada’s DMG Blockchain Starts Installing 85 MW Substation for Crypto Mining Expansion
Canada-based DMG Blockchain Solutions has launched the installation of an 85-megawatt substation for crypto mining expansion, according to an official statement July 26. The DMG crypto mining operation will be implemented on an industrial scale with direct support from the local government and electricity providers. DMG Blockchain Solutions is a multi-sector crypto and blockchain firm Read More

Indian State of Telangana to Sign MoUs With Blockchain Firms, Streamline Gov’t Services

3 weeks ago admin2 Comments Off on Indian State of Telangana to Sign MoUs With Blockchain Firms, Streamline Gov’t Services
The Indian state of Telangana announced it will sign several memoranda of understanding (MoUs) with blockchain firms as to eventually implement the technology in state applications, local Indian news agency the Business Standard reports July 26. Telangana IT Secretary Jayesh Ranjan revealed that the state is planning to enter into MoUs with a number of Read More

Venezuela’s New Petro-Backed National Currency to Start Circulating in August

3 weeks ago admin2 Comments Off on Venezuela’s New Petro-Backed National Currency to Start Circulating in August
The president of Venezuela Nicolás Maduro has announced that the country’s new cryptocurrency-backed national currency will start circulating August 20, local state news agency Telesur reported July 25. Telesur reports that the new currency, the Bolívar Soberano (Sovereign Bolivar), will have five zeros less than the existing national currency Bolivar Fuerte (VEF) and will be Read More

BitFunder Founder Pleads Guilty to Charges of Fraud and Obstruction of Justice

4 weeks ago admin2 Comments Off on BitFunder Founder Pleads Guilty to Charges of Fraud and Obstruction of Justice
The operator of now defunct Bitcoin (BTC) stock exchange BitFunder has pleaded guilty to federal charges of obstruction of justice and securities fraud, Reuters reports July 23. According to prosecutors, 37-year old Jon Montroll, also known as Ukyo, also pleaded guilty to obstruction of justice, admitting that he provided false balance statements to the U.S. Read More