USA

US Regulator Fines and Halts Activities of Fraudulent Tomahawkcoin Issuer

6 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

US Federal Court Denies Motion to Remand Against Ripple

7 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

Recent Walmart Patent Application Describes Blockchain-Managed Smart Appliances

3 weeks ago admin2 Comments Off on Recent Walmart Patent Application Describes Blockchain-Managed Smart Appliances
U.S. retail giant Walmart has applied for another patent, which describes the management of smart appliances using blockchain technology, according to an application published by the U.S. Patent and Trademark Office August 2. The application outlines systems and methods for managing a smart appliances such as a desktop or server computer, a kiosk, a tabletop Read More

Forrester Research: 90% of Blockchain Initiatives by US Firms Will Never Become Operational

3 weeks ago admin2 Comments Off on Forrester Research: 90% of Blockchain Initiatives by US Firms Will Never Become Operational
About 90 percent of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg in an article July 31. The U.S. market research firm Forrester Research predicts that most of blockchain-powered projects initiated by American companies will be put on hold in 2018. 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

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

4 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

Bitwise Files With US Securities and Exchange Commission to Launch Crypto ETF

4 weeks ago admin2 Comments Off on Bitwise Files With US Securities and Exchange Commission to Launch Crypto ETF
Digital asset manager Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to launch a regulated exchange-traded fund (ETF) for cryptocurrency, according to a July 24 press release. The Bitwise HOLD 10 Cryptocurrency Index will include 10 cryptocurrencies, and will track the Bitwise HOLD 10 Private Index Fund that was founded in November. 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

Meet DOJ’s Crypto Czar: Expert Take

4 weeks ago admin2 Comments Off on Meet DOJ’s Crypto Czar: Expert Take
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please Read More