Tag: blockchain

Analysis of $400M in illicit XRP activity shows it’s mostly theft and Ponzi schemes

Cryptocurrency analysts have identified $400 million worth of illicit Ripple XRP (XRP) transactions — mainly Ponzi schemes and exchange thefts. The illicit XRP activity detected by London-based firm Elliptic amount to less than 0.2 percent of all XRP payments processed to date, which is less than other cryptocurrencies like Bitcoin. In press materials shared with Hard […]

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This fish-farming Mitsubishi subsidiary just put salmon on the blockchain

Norwegian Mitsubishi subsidiary Cermaq is putting salmon on the blockchain and feeding it to the French. Cermaq’s ‘blockchainified’ salmon will be sold by French food company Labeyrie. A press release notes consumers will be able to scan special QR codes on Labeyrie labels to receive comprehensive details about the salmon‘s journey “from egg to store.” […]

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Swedish gold-for-cryptocurrency scammer finally extradited to US

A Swedish citizen has been extradited from Thailand to the US. The Swede is facing charges of securities fraud, wire fraud, and money laundering based on a heinous cryptocurrency investment con he’s run since 2006. According to a US Department of Justice release, Roger Nils-Jonas Karlsson was extradited yesterday after being arrested in Thailand in […]

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FBI spoke with George Bush’s brother over $300K meeting with OneCoin’s missing ‘Cryptoqueen’

The attorney for alleged OneCoin money launderer Mark Scott has made an interesting claim in court: that Neil Bush, the brother of former president George W. Bush was paid $300,000 to meet with the scam‘s missing “Cryptoqueen,” Ruja Ignatova. Scott’s attorney has told US court that Bush met Ignatova in regards to a $60 million […]

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Moonday Mornings: Russia’s security agency reportedly linked to $450M cryptocurrency loss

Welcome to another week of cryptocurrency and blockchain news. Before we get on with the week, let’s take a look at what happened over the weekend. Here’s what went down. 1. According to a BBC Russia investigation, the country’s Federal Security Service (FSB) could be behind the disappearance of $450 million worth of cryptocurrency from Russia-based asset exchange WEX, […]

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Brother of OneCoin’s ‘Cryptoqueen’ pleads guilty, could serve 90 years in prison

The brother of OneCoin’s missing “CryptoQueen” has pleaded guilty to money laundering and fraud charges, BBC reports. Konstantin Ignatov admitted to his role in the multi-billion dollar OneCoin scam when he signed a plea deal on October 4. That document has since been obtained by Inner City Press. Ignatov is yet to be sentenced, but […]

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Iranian gov reportedly offering bounties to those who rat out illegal Bitcoin miners

The Iranian government is reportedly offering a bounty for anyone that dobs illegal Bitcoin BTC mining businesses to the authorities. A spokesperson from Iran‘s Energy Ministry reportedly said that anyone who outs those using subsidized electricity for cryptocurrency mining will be rewarded with up to 20 percent of the funds recovered from the miner, PressTV […]

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President of UN affiliate pleads ‘not guilty’ to selling fake cryptocurrency

The president of the UN-headquartered World Sports Alliance has pleaded “not guilty” to a wire fraud charge related to the selling of an allegedly fake cryptocurrency, Law360 reports. Asa Saint Clair, a resident of New York, is now reportedly under house arrest in Arizona, having been released from US federal custody on a $500,000 bond. Prosecutors sought strict […]

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Cops to dream up ways of ending Bitcoin crime at major Australian conference

More than 200 police officers and legal professionals are gathering in Australia this week to put their heads together and find ways of ending cryptocurrency-based crime. Law enforcers from all over the world are set to attend the National Proceeds of Crime Conference, in Brisbane this week, according to an Australian Federal Police (AFP) statement. […]

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Switzerland gets another ‘Bitcoin bank’ that holds cryptocurrency for customers

A Swiss bank set up to handle both traditional financial products and new digital currencies has been given the go-ahead by the country’s regulators. SEBA, the Swiss-based cryptocurrency bank, is now officially operational, The Block reports. The bank reportedly shared a statement with The Block yesterday that said its Swiss clients can now open accounts […]

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Deepdotweb admin says $15.5M Bitcoin ‘kickback’ scheme didn’t exist

An arrested Deepdotweb admin has refuted claims that he’d earned 8,000 BTC (worth $15.5 million at the time) through an affiliate marketing scheme for dark web marketplaces, Bitcoin News reports. Earlier this year, a co-ordinated police effort led to the arrest of several individuals around the world for their role in maintaining Deepdotweb, a dark web […]

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Big Canadian bank rumored to offer cryptocurrency accounts, Bitcoin trading

The Royal Bank of Canada (RBC) is reportedly developing a cryptocurrency platform, The Logic reports. If launched, the bank‘s customers will be able to trade in cryptocurrencies, including Bitcoin BTC and Ethereum. The bank, one of the country’s largest, is also looking to let customers open cryptocurrency accounts. According to The Block, one of the bank‘s patent […]

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The Garage opens in Paris as Europe’s largest blockchain incubator

A coalition of blockchain researchers, entrepreneurs, and investors have opened a massive new blockchain incubator called “The Garage” in Paris as part of an effort to enhance Europe’s position as a hub for the emerging technology. The incubator in the Paris city center spans three floors of a building, totaling 5,000 square feet. The goal […]

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Former Federal Reserve chair says bank issued digital currencies are pointless

The former chairman of the US Federal Reserve says there’s no point to central bank digital currencies (CBDC). Speaking at Chinese finance magazine Caijing’s annual conference today in reference to CBDCs, the former chairman Alan Greenspan said: “There’s no point for them to do it,” CNBC reports. Greenspan said that national currencies are backed by […]

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Dutch blockchain game firm founder arrested after misleading backers with $86M investment

The founder of Dutch blockchain game company has been arrested after reportedly deceiving suppliers, investors, and employees, leading the firm to bankruptcy. Game startup Komodore64 claimed to track the sales of its in-game collectibles using the Komodo blockchain. Since launching in March, it claimed to have raised over €78 million ($86 million) from private investment, […]

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Facebook must remove fake Bitcoin ads featuring Big Brother creator or pay $1.2M

The billionaire creator of Big Brother, John de Mol, has successfully sued Facebook. A Dutch court has ordered the social media giant to remove advertisements that feature his likeness to promote fraudulent Bitcoin BTC investments, Reuters reports. Facebook must take down the fraudulent ads or reportedly face fines of up to €1.1 million ($1.2 million). The […]

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Moonday Mornings: New York condo sells for $15M in Bitcoin

Welcome to another Moonday Mornings, Hard Fork’s wrap-up of the weekend’s cryptocurrency and blockchain headlines. Take a look at what went down. 1. Blockchain inspired dapp platform EOS is reportedly congested, according to cryptocurrency exchange desk Coinbase. In a blog article posted over the weekend, Coinbase says it has been seeing “degraded performance for EOS […]

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Blockchain devs looking for work are spoiled for choice right now

Despite regulatory concerns, businesses are still pushing forward and hiring for blockchain and cryptocurrency positions. Based on a report from job site Indeed, there is less interest from candidates in blockchain and cryptocurrency roles, as searches for the jobs are on the decrease. On the other hand, Indeed says employer demand has “skyrocketed.” To come […]

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TRX Q3 2019: Justin Sun’s canceled Warren Buffett lunch did its price no favors

Budding network TRON (TRX) pitches itself as Ethereum‘s rival, with its smart contracts, dapps, and soon-to-be developed decentralized finance (DeFi) products. That’s where the similarities between the two projects cease. TRX doesn’t have any miners, as it doesn’t leverage Proof-of-Work. Instead, TRX is powered by a relatively centralized consensus algorithm that consists of just 27 […]

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