UK’s FCA Advises Banks on “Good Practice” for Crypto Financial Crime Risks
In a letter addressed to the CEOs of domestic banks, the United Kingdom’s Financial Conduct Authority (FCA) has made recommendations for financial institutions to ramp up “good practice” approaches in regards to their clients who offer crypto-related services. Protection and prevention The letter begins by highlighting that evidence of cryptocurrencies being utilized for criminal activities […]
Young Afghan Female Coders Earn ETH Promoting New Crypto Projects
A non-profit company in Afghanistan which teaches women to write code has partnered with a network which allows students to accept Ether (ETH) for fixing vulnerabilities for businesses or projects posting bounties, writes Coindesk. The company, Code to Inspire (CTI), has partnered with The Bounties Network for this endeavor. According to Fereshteh Forough, the founder […]
Twitter Plagued by Fake Ether Giveaways in Growing Scam Worth Over $4M
Twitter has become a target for online crooks promoting fake “giveaways”, according to Bleeping Computer. Such activities are estimated to have tricked people out of ETH 8,148, currently worth around USD 4.3 million, much of it through social media, according to statistical data compiled in EtherScamDB. John Backus, co-founder of crypto-related startups Bloom and Cognito, concurs, making […]
Swiss Crypto Haven Zug to Pilot Blockchain Voting
Switzerland’s progressive blockchain center in Zug is going to conduct the first blockchain-based test vote later this month, reports Coinspeaker. In 2016, Zug was the first city in the world to accept Bitcoin (BTC) as payment for certain municipality services, and also established ‘Crypto Valley’, a not-for-profit association supporting the development of blockchain and cryptography-related […]
Wikipedia Co-Founder Wales: You Can’t Ban Math, Blockchain
Wikipedia co-founder Jimmy Wales believes that regulatory measures would do little to negatively impact the development of cryptocurrency and blockchain. He shared his views about blockchain technology when he addressed crypto developers at last month’s Berlin Blockshow, according to CoinTelegraph. When asked about regulation, Wales argued: “You can’t ban math. You can’t ban blockchain. It’s math. […]
Estonian Startup Pops Up on SEC Notice Seeking $180 Million
A little-known company based in Estonia is looking to raise funds up to USD 180 million an obscure ‘GoWeb’ token sale, reports Coindesk. The SAFT Project is a forum for the discussion of a compliant framework for token sales. Notice of the company using the fundraising sale was published through US Securities and Exchange Commission’s (SEC) […]
$125M Russian Bitcoin Mining Farm Setting Up in Norway, Near NATO Military Exercise
The Russian New Mining Company is investing 125 million USD into a massive Bitcoin mining operation in Alvdal, Norway. This is a 20 minute drive from Tynset, Norway where Trident Juncture will begin on 5 October 2018; Trident Juncture will be the largest North Atlantic Treaty Organization (NATO) military exercise in Norway’s history. The Russian […]
Volkswagen Using IOTA Technology for Autonomous Cars
Volkswagen has integrated IOTA Tangle technology into its autonomous cars and displayed a proof of concept at the 11 June 2018 Cebit Expo in Germany, demonstrating the usefulness of cryptographic technology in the cutting-edge futuristic world of self-driving vehicles. By using IOTA, Volkswagen can wirelessly send updates to its autonomous cars on a transparent, immutable ledger. […]
$4B EOS Project Launch Slows Amid Centralization Fears
After the biggest initial coin offering (ICO) in history raising USD 4 billion, Block.one’s officially released EOS native blockchain software launched on 1 June 2018 but has since been moving very slowly. Uncertainty surrounding the project, largely blamed on centralization concerns, has caused a 30% decline in EOS price, shaving more than USD 4 billion off the […]
Wells Fargo Bans Credit Card Crypto Purchases
Wells Fargo has announced that customers will no longer be able to purchase Bitcoin and cryptocurrency using its credit cards. A spokesperson for Wells Fargo said this decision is in line with the rest of the industry, and is due to multiple risks associated with cryptocurrency. Wells Fargo is the third largest bank in the […]
