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US Cybersecurity Agency Recommends Integration of Blockchain in Supply Chain

November 10, 2020 by Dalmas Ngetich at Blockchain

The United States Cybersecurity and Infrastructure Security Agency (CISA), in a report dubbed “Building A More Resilient ICT Supply Chain: Lessons Learned During the COVID-19 Pandemic,” published on Nov 6, said the blockchain technology can help in resolving supply chain problems in light of the coronavirus pandemic. Assessing the Impact of Coronavirus...

Crypto and Blockchain Businesses in New Jersey Must Obtain Licenses if This Bill Passes

November 9, 2020 by Dalmas Ngetich at Regulation

The “Digital Asset and Blockchain Technology Act” from the State of New Jersey is now before the Senate under Bill 3132 sponsored by Senator Nellie Pou. Similarities with New York’s Bitlicense If passed, the act shall introduce a raft of changes similar to the stringent Bitlicense stipulations of New York. Specifically, the...

BitMEX exchange operator shuffles leadership in wake of criminal charges

Arthur Hayes Steps Down from BitMEX, Exchange to Complete User Verification Program

October 8, 2020 by Dalmas Ngetich at Regulation

Arthur Hayes, Samuel Reed, and Ben Delo are all stepping down from their executive responsibilities in BitMEX with immediate effect, 100X Group--the holding group for HDR Global Trading Limited which owns and operates the Bitcoin and crypto derivatives platform, has said in an announcement on Oct 8. BitMEX will complete their...

Alibaba On Its Way to Becoming Biggest Blockchain Patent Holder

September 18, 2020 by Dalmas Ngetich at Blockchain

A KISSPatent report on Sep 17 reveals that more blockchain patents were filed in H1 2020 than the whole of 2019 and Alibaba will soon eclipse the New York-based technology company, IBM, as a single largest holder of patents. In another twist, most blockchain patents were filed by traditional Fortune 500 companies and China...

Square Enables Deposit of COVID-19 Stimulus Payment via Bitcoin-Friendly Cash App

April 13, 2020 by Anthonia Isichei at Bitcoin

Square, a mobile payments platform, recently announced the addition of a new feature that would enable users to deposit their COVID-19 stimulus payment to its bitcoin-friendly Cash App. Square's Cash App Now Allows COVID-19 Stimulus Package Deposits According to a blog post, Square’s Cash App announced that users eligible for...

Sacramento Residents can now Purchase Bitcoin at 100 Coinstar Kiosks

January 10, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Coinme, a blockchain-powered financial technology firm dedicated to enabling the masses to gain easy access to bitcoin (BTC), has announced that residents of the greater Sacramento area can now purchase the world’s flagship cryptocurrency at 100 Coinstar kiosks installed across Save Mart, Safeway and Food Maxx supermarkets, according to a...

Virgil Griffith Finally Released on Bail

January 10, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Virgil Griffith, a former researcher and scientist at the Ethereum Foundation (EF) has been released on bail after being held for ten days. Griffith's long overdue stay in custody occurred a day after his indictment for conspiracy charges, and in the face of a U.S. District Judge granting him bail,...

SEC Slams ICOBox with $16 Million Fine for Securities Violation

January 10, 2020 by Osato Avan-Nomayo at Regulation

The U.S. Securities and Exchange Commission (SEC) is seeking civil penalties and disgorgement from crypto entrepreneur Nikolay Evdokimov and his company, ICOBox for facilitating the sale of unlicensed securities via ICOs. SEC Wants ICOBox to Pay $16 Million Fine According to FinanceFeeds, the SEC wants the courts to issue a...

United States Department of Elections to Study the Viability of Using Blockchain

January 7, 2020 by Ashwath Balakrishnan at Blockchain

Hala Ayala, a Democrat in Virginia's House of Delegates, has requested the Department of Elections to study the use of blockchain technology to improve the reliability of the election process. Ayala is a cybersecurity expert who previously worked for the Department of Homeland Security. On her request, the senate and...

Large Octopus Grabbing Bitcoin's and Court Gavels

Kraken Rails Against Rising Cost of Compliance for Crypto Exchanges

January 7, 2020 by Osato Avan-Nomayo at Regulation

San Francisco-based Kraken says the increasing number of law enforcement requests across the globe is placing a significant strain on crypto exchanges. Since 2018, several platforms have been forced to go out of business for reasons other than being victims of cyber thefts. Global Rise in Compliance Costs In a...

Court Blocks U.S. SEC from Obtaining Telegram ICO Financials

January 7, 2020 by Osato Avan-Nomayo at Regulation

The case against Telegram by the U.S. Securities and Exchange Commission (SEC) has hit a snag as a court has denied the Commissions requests to view the company’s financials, reports FinanceFeeds. First Blood to Telegram According to FinanceFeeds, a New York Southern District Court has struck out a motion by...

U.S. Law Firm Sued by Crypto Investment Fund for Fallacious Advice

January 3, 2020 by Ashwath Balakrishnan at Regulation

Faegre Baker Daniels, a Chicago-based law partnership, is being accused of legal negligence and "erroneous advice" by Digital Capital Management LLC, formerlly known as Crypto Asset Fund LLC. According to legal documents, Faegre Baker Daniels told the investment fund to structure their company in a particular way, citing that crypto...

Poloniex Crypto Exchange Resets Customers’ Passwords On Suspicion of Data Breach

December 31, 2019 by Aisshwarya Tiwari at Blockchain

On December 30, 2019, cryptocurrency exchange Poloniex emailed its customers saying that it had reset their passwords after “someone” allegedly leaked their email addresses and passwords on Twitter. Prevention Is Better than Cure In a bid to safeguard its customers from an apparent security threat, U.S.-based digital currency exchange Poloniex...

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