New Altcoin Promotes Fitness with ‘Proof of Sweat’

Mining bitcoins chews up a lot of computing power for no other purpose than to sustain the network. Wouldn’t it be useful to mine cryptocurrency in some other, more productive way? Now a team of Serbian developers has tried to crack the problem with a proof-of-concept altcoin that lets you mine coins simply by exercising. Mangocoinz was launched […]

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Former Employees Sue Justin Sun and TRON Foundation, Alleging Workplace Hostilities

A lawsuit accuses the frontman of the TRON cryptocurrency and his business associate of harassing and firing two employees, allegedly as payback for the employees’ objections to management practices and applications of the technology they were developing. In a 70-page document filed in October in the California Superior Court for San Fransisco County, Richard Hall, […]

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China Injects $4.7M Into Central Bank’s Blockchain Trade Finance Platform

The Chinese government has earmarked additional funding for a blockchain-based trade finance platform developed and led by the country’s central bank. The People’s Bank of China (PBoC) is to receive 32.35 million yuan (around $4.7 million) in “special funding” from the government over a three-year period for research and development into the trade initiative, officials […]

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US Prosecutors Unseal Charges Against Alleged Silk Road Advisor

US prosecutors have unsealed charges against who they believe is a former high-ranking employee of the Silk Road, the now-defunct online dark marketplace. Roger Thomas Clark was charged with conspiracy to traffic narcotics and conspiracy to launder money. He was arrested in Thailand on 3rd December, according to US Attorney’s Office for the Southern District of New York, […]

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Crypto Exchange OKCoin Appoints New CEO to Drive US Expansion

OKCoin has named its chairman Hong Fong as the cryptocurrency exchange’s new chief executive.  Announced Friday, Fong, who also serves as the company’s chief operating officer, will replace current chief executive Tim Byun from March 31. She will lead an effort to further develop the firm’s crypto trading products for customers in more U.S. states, […]

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Stellar-Based IoT App Joins Tokenized Connectivity Race

An app that allows users to earn a Stellar-based token by providing last-mile access for internet-of-things (IoT) devices is now live on Apple’s App Store. “The Nodle Cash app for iOS has been in development for the last six months,” Nodle CEO Micha Benoliel told CoinDesk. “We believe Nodle is truly for everyone.” The app […]

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Listia Raised $15M With Its XNK ICO. Now It’s Ditching the Token for Props

Listia is discontinuing work on the Ink protocol, a cryptocurrency built for marketplaces, CoinDesk has learned. The project was funded with a $15 million token sale for the XNK ERC-20 token, which announced results in January 2018. Listia, a used-goods marketplace, is now shifting entirely to the props network, created by Union Square Ventures–backed startup […]

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Cryptsy CEO Stole Millions From Exchange, Court Receiver Alleges

Cryptsy CEO Paul Vernon may have stolen as much as $3.3m from the now-defunct digital currency exchange and destroyed evidence of his illicit actions. That’s according to new court documents from the ongoing class action lawsuit filed against the troubled industry exec. A report from court-appointed receiver James Sallah, published on 2nd August, details efforts to […]

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Chinese Blockchain Startup Hires VC Exec to Lead North American Expansion

Blockchain startup Conflux has hired Eden Dhaliwal, the former head of crypto at Outlier Ventures, as a managing director to lead its expansion in North America.  The Beijing-based firm is set to open an office in Toronto within two weeks. It is assembling a ten-person team to conduct research and seek local investors and business […]

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Mastercard and Ripple’s Xpring Join Industry Group to Promote Blockchain Education

Mastercard has joined a working group that supports blockchain education and research in universities around the world. Blockchain accelerator MouseBelt announced Tuesday it has welcomed 11 founding members into its Blockchain Education Alliance. In addition to the card network, the new members include the innovation arms of payments startup Ripple and crypto exchange Binance; and […]

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