Tag: Hard Fork

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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Hackers inject ‘coin-stealing’ malware into official Monero cryptocurrency wallet

Privacy-focused cryptocurrency Monero has warned users that hackers compromised its official website after a coin stealer “CLI binaries available on http://getmonero.org  may have been compromised at some point during the last 24h. Investigations ongoing,” a Monero core developer said on Twitter. Although the investigation is ongoing, core developers for the project have issued an update confirming that the binaries of the CLI […]

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Stablecoin businesses ARE money transmitters, says FinCEN chief

Stablecoins fall under the US Financial Crimes Enforcement Network’s (FinCEN) remit to safeguard money transmission services, which means issuers must register as such and comply with anti-money laundering rules. That’s according to director Kenneth Blanco, who made the comments while speaking at a conference in New York last week. “Because we are technology-neutral, we can say […]

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Here’s what you might’ve missed at Hard Fork Summit 2019

Last month, TNW hosted another successful edition of Hard Fork Summit. We invited the blockchain, fintech, and the business community to share their knowledge and network for three days in Amsterdam. Through inspiring keynotes and panel discussions, we learned from leading experts how blockchain will continue to transform industries like banking and business operations. Attendees and speakers […]

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Brooklyn man sentenced to 18 months in prison after running fraudulent ICOs

A man in the US has been sentenced to 18 months in prison after running two illegal cryptocurrency Initial Coin Offerings (ICOs). Accused of committing securities fraud, Brooklyn-based Maksim Zaslavskiy was sentenced by United States District Judge Raymond J. Dearie yesterday. “Zaslavskiy committed old-fashioned fraud camouflaged as cutting-edge technology,” stated United States Attorney Donoghue. “This […]

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Cryptocurrency exchange that went dark with $16M in user funds only has $45k, report

A Canadian cryptocurrency exchange that was shut down earlier this month for allegedly misappropriating CAD$16 million ($12.1 million) in user funds only has $45,000 in “hard assets,” reports Global News. As previously reported by Hard Fork, the B.C. Securities Commission (BCSC) shut down Einstein Exchange after looking into several complaints from customers unable to access […]

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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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Senior UK judges say cryptoassets, including Bitcoin, are property

Cryptoassets can be treated as tradeable property and smart contracts are “enforceable agreements” under English law. That’s according to the UK Jurisdiction Taskforce of the Lawtech Deliver Panel, which today published a 46-page legal statement stating: “Cryptoassets, including but not restricted to, virtual currencies, can be treated in principle as property […] smart contracts are […]

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Researchers debunk theory that single whale caused 2017’s Bitcoin bull run

Specialist blockchain researchers have debunked an academic paper that claimed Bitcoin‘s astronomical price surge during the infamous 2017 cryptocurrency bull run was caused by a single whale. The paper, which Hard Fork previously reported on, claimed a whale on cryptocurrency exchange Bitfinex was allegedly able to spike Bitcoin‘s price when it dropped below specific levels. Written by […]

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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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Railway workers caught mining Bitcoin with state electricity in Ukraine

Employees at the Ukranian Railways have been caught red-handed secretly running a Bitcoin mining farm, costing the state more than $40,000 in power. According to an announcement by Ukrzaliznytsia, the country’s state-owned rail transport provider, the surreptitious cryptocurrency mining operation was reported by Oleg Nazaruk, the company‘s director of the department of economic and information security. “During the […]

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3 crypto startups miss SEC deadlines to repay millions of dollars, report

Three cryptocurrency startups have missed deadlines to refund investors who participated in their illegal digital token sales, the Wall Street Journal (WSJ) reports. The companies, which raised a combined $40 million during 2017’s cryptocurrency bull run, agreed on the deadlines as part of their settlements with the US Securities and Exchange Commission (SEC). As a […]

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SIM swappers arrested after allegedly trying to steal over $550K in cryptocurrency

Authorities have arrested two men and charged them with plotting to steal half a million dollars worth of cryptocurrency via SIM-swapping. Eric Meiggs, 21, of Brockton, Massachusetts, and Declan Harrington, 20, of Rockport, Massachusetts, were charged in an 11-count indictment, facing allegations of  one count of conspiracy, eight counts of wire fraud, one count of computer […]

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